DC Property Managers Study Guide DC Only
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Test exam with verified answers
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Organizational |and |educational |programs |available |to |assist |in |enhancing |the |property |manager's |
knowledge, |identifying |resources |to |resolve |issues, |and |expanding |their |business |network. |- |
✔✔Institute |of |Real |Estate |Management |(IREM), |National |Association |of |Realtors |(NAR), |Greater |
Capital |Area |Association |of |Realtors |(GCARR), |building |Owners |& |Managers |Association |(BOMA), |
National |Association |of |Real |Estate |Brokers, |International |Council |of |Shopping |Centers |(ICSC), |and |
National |Property |Management |Association.
An |owner |can |be |directly |affected |by |manager's..... |- |✔✔Improper |handling |of |evictions, |unlawful |
rent |collections, |failure |to |return |security |deposits, |not |maintaining |proper |compliance |with |the |
Rental |Accommodations |Division |(RAD)
Reasons |for |termination |of |Management |Agreement |- |✔✔Sale |or |transfer |of |the |property, |improper |
financial |reporting, |stealing |funds, |negligence, |taking |kickbacks |or |benefiting |directly |from |discounts |
from |vendors, |commingling |funds.
What |is |the |designation |of |the |National |Association |of |Real |Estate |Brokers, |Inc |(Nareb)? |- |✔✔Realtist
Alternatives |to |consider |when |making |different |improvements |or |when |redeveloping |a |property |- |
✔✔Rehabilitation |without |altering |existing |use, |Modernize |the |property |by |updating |finishes, |Change |
the |use |of |building, |including |converting |to |another |property |type, |or |demolishing |for |new |
development, |or |Conversion |to |a |condo |ownership |structure.
Actions |that |could |put |management |company |and |owner |at |risk |include: |- |✔✔Improper |handling |of |
evictions, |unlawful |rent |collections, |failure |to |return |security |deposit, |not |maintaining |proper |
compliance |with |Rental |Accommodations |Division |(RAD).
Property |Manager's |are |entrusted |to |look |after |other |people's |money |this |includes: |- |✔✔Opening |
Bank |Accounts, |promptly |depositing |all |receipts, |and |paying |vendors |when |all |services |are |completed.
, Physical |Inspections |- |✔✔Is |a |method |used |to |evaluate |the |property's |condition |& |equipment |as |well
|as |being |the |first |step |to |develop |a |plan |to |address |any |issues.
When |should |an |inspection |be |performed |after |a |resident |has |moved |out? |- |✔✔Ideally |the |same |day.
Some |areas |to |regular |inspect |include |- |✔✔Roofs- |look |for |pondering |water, |holes, |and |debris; |
Parking |Lots- |look |for |pavement |alligator, |loose |graveling, |potholes |Front |Entrance- |look |for |trip |
hazards, |cracked |windows; |Exterior |Facades- |failed |caulking, |loose |concrete, |crack |windows.
In |order |to |generate |a |list |of |what |to |be |inspected |on |a |property |- |✔✔A |walk-through |of |the |
property |and |all |of |the |areas |related |to |its |mechanical, |electrical, |telephone, |and |life |safety |
equipment |needs |to |be |conducted. |Frequency |of |inspections |are |determined |annually, |semi-annually, |
quarterly, |and |monthly.
Request |For |Proposal |or |RPF |- |✔✔To |develop |a |clear |and |thorough |specification |for |contracts |to |bid |
on |is |called
What |is |included |in |an |RPF? |- |✔✔Scope |of |work, |how |is |to |be |performed, |frequency, |special |
requirements, |work |hours, |timetable |to |complete, |insurance |requirements, |deadline |for |submission, |
number |of |personnel |to |be |provided, |warranty, |& |references.
Before |marketing |an |available |space |or |unit, |- |✔✔Be |sure |that |it |is |clean |and |presentable |and |that |
the |owner |has |approved |all |marketing |plans.
What |is |a |legal |reason |for |a |landlord |to |evict |a |tenant? |- |✔✔Landlord |wants |to |occupy |the |rental |
unit.
All |evictions |except |non-payment |of |rent |must |be |filed |with |- |✔✔Rental |Accommodations |Division |
(RAD)
A |landlord |may |evict |a |tenant |for |only |one |of |ten |statutory |reasons |some |of |those |reasons |include |- |
✔✔Nonpayment |of |rent, |Violation |of |an |obligation |of |tenancy, |of |which |the |tenant |failed |to |correct |
after |notice; |Tenant |performed |as |illegal |act |within |the |rental |unit.
| | | | | | |
Test exam with verified answers
| | | |
Organizational |and |educational |programs |available |to |assist |in |enhancing |the |property |manager's |
knowledge, |identifying |resources |to |resolve |issues, |and |expanding |their |business |network. |- |
✔✔Institute |of |Real |Estate |Management |(IREM), |National |Association |of |Realtors |(NAR), |Greater |
Capital |Area |Association |of |Realtors |(GCARR), |building |Owners |& |Managers |Association |(BOMA), |
National |Association |of |Real |Estate |Brokers, |International |Council |of |Shopping |Centers |(ICSC), |and |
National |Property |Management |Association.
An |owner |can |be |directly |affected |by |manager's..... |- |✔✔Improper |handling |of |evictions, |unlawful |
rent |collections, |failure |to |return |security |deposits, |not |maintaining |proper |compliance |with |the |
Rental |Accommodations |Division |(RAD)
Reasons |for |termination |of |Management |Agreement |- |✔✔Sale |or |transfer |of |the |property, |improper |
financial |reporting, |stealing |funds, |negligence, |taking |kickbacks |or |benefiting |directly |from |discounts |
from |vendors, |commingling |funds.
What |is |the |designation |of |the |National |Association |of |Real |Estate |Brokers, |Inc |(Nareb)? |- |✔✔Realtist
Alternatives |to |consider |when |making |different |improvements |or |when |redeveloping |a |property |- |
✔✔Rehabilitation |without |altering |existing |use, |Modernize |the |property |by |updating |finishes, |Change |
the |use |of |building, |including |converting |to |another |property |type, |or |demolishing |for |new |
development, |or |Conversion |to |a |condo |ownership |structure.
Actions |that |could |put |management |company |and |owner |at |risk |include: |- |✔✔Improper |handling |of |
evictions, |unlawful |rent |collections, |failure |to |return |security |deposit, |not |maintaining |proper |
compliance |with |Rental |Accommodations |Division |(RAD).
Property |Manager's |are |entrusted |to |look |after |other |people's |money |this |includes: |- |✔✔Opening |
Bank |Accounts, |promptly |depositing |all |receipts, |and |paying |vendors |when |all |services |are |completed.
, Physical |Inspections |- |✔✔Is |a |method |used |to |evaluate |the |property's |condition |& |equipment |as |well
|as |being |the |first |step |to |develop |a |plan |to |address |any |issues.
When |should |an |inspection |be |performed |after |a |resident |has |moved |out? |- |✔✔Ideally |the |same |day.
Some |areas |to |regular |inspect |include |- |✔✔Roofs- |look |for |pondering |water, |holes, |and |debris; |
Parking |Lots- |look |for |pavement |alligator, |loose |graveling, |potholes |Front |Entrance- |look |for |trip |
hazards, |cracked |windows; |Exterior |Facades- |failed |caulking, |loose |concrete, |crack |windows.
In |order |to |generate |a |list |of |what |to |be |inspected |on |a |property |- |✔✔A |walk-through |of |the |
property |and |all |of |the |areas |related |to |its |mechanical, |electrical, |telephone, |and |life |safety |
equipment |needs |to |be |conducted. |Frequency |of |inspections |are |determined |annually, |semi-annually, |
quarterly, |and |monthly.
Request |For |Proposal |or |RPF |- |✔✔To |develop |a |clear |and |thorough |specification |for |contracts |to |bid |
on |is |called
What |is |included |in |an |RPF? |- |✔✔Scope |of |work, |how |is |to |be |performed, |frequency, |special |
requirements, |work |hours, |timetable |to |complete, |insurance |requirements, |deadline |for |submission, |
number |of |personnel |to |be |provided, |warranty, |& |references.
Before |marketing |an |available |space |or |unit, |- |✔✔Be |sure |that |it |is |clean |and |presentable |and |that |
the |owner |has |approved |all |marketing |plans.
What |is |a |legal |reason |for |a |landlord |to |evict |a |tenant? |- |✔✔Landlord |wants |to |occupy |the |rental |
unit.
All |evictions |except |non-payment |of |rent |must |be |filed |with |- |✔✔Rental |Accommodations |Division |
(RAD)
A |landlord |may |evict |a |tenant |for |only |one |of |ten |statutory |reasons |some |of |those |reasons |include |- |
✔✔Nonpayment |of |rent, |Violation |of |an |obligation |of |tenancy, |of |which |the |tenant |failed |to |correct |
after |notice; |Tenant |performed |as |illegal |act |within |the |rental |unit.
