SOLUTIONS, GRADED A+
Define Market Segmentation Answer - -maximize resources
-tailor to market
-more defined market frofile
The 1964 Fair Housing protects what? Answer - -Race
-Color
-Religion
-National Origin
-Sex
-Familial Status
-Handicap
What is the minimum number of required bids? Answer - 3
What are the five P's? Answer - -Place
-Price
-Product
-People
-Promotion
,What should be the main focus of an effective incentive program? Answer - Job
performance
True or False: Someone with HIV is a protected class. Answer - True
ADA provision to title III is what? Answer - ADA- leasing office area must meet
requirements
What is HOPA? Answer - HOPA eliminates the requirement that 55 and older
have significant facilities and servicing designed for elderly.
What year was HOPA established? Answer - 1995
What did the 1988 Act add? Answer - -Familial Status
-Individual with disabilities
Qualifying for modification requires? Answer - -Oral or written request
-verification
(if obvious- none are required) If not obvious verification required
Who can verify accomodations for modifications? Answer - -Doctor, or medical
professor
-Third Party case worker
-Therapist
True or False: Someone addicted to drugs is a protected class Answer - False
, Valid proof of income? Answer - -most recent pay stub
-previous years W2
-Three months worth of bank statements
What are reserve accrual for? Answer - Future large cap X improvements
Name 3 examples of vendors that require a license? Answer - -Elevator
-Swimming Pool
-A/C
What is an example of a fixed expense? Answer - Taxes
Define steering? Answer - Trying to encourage prospects to lease at a specific
location based on race, marital status or age.
Ways to meet OSHA guidelines? Answer - -monthly safety meetings
-provide healthy and safe work environment
-file and keep all documentation of safety meetings
True or False: Insurance is an example of operating expense Answer - True
What is GPR? Answer - current rent at 100% occupied
What is the purpose of preventative maintenance? Answer - Lessen the
likelihood of future maintenance problems
What does exposure incident involve? Answer - Blood or Bodily Fluids