DC Property Manager Exam Questions
With Verified Answers
What are the three types of Obsolescence?
1. Physical Obsolescence.
2. Functional Obsolescence.
3. Economic Obsolescence.
Depreciation
the loss in value from the various forms of obsolescence.
Market Analysis
Identifying the properties strengths and weaknesses in an effort to improve overall
economic performance; also known an determining the properties highest and best use.
Analysis of Alternatives
Identifying theoretical costs associated with corresponding increases in rent; analyzing
the costs associated with improvements that could increase the overall value of the
property.
Example: Modernizing/updating the property's finishes for the purposes of gaining
premium rents.
What are the 5 Types of Property Values?
1. Investment Value
2. Assessed Value
3. Market Value
4. Depreciated Value
5. List Price
With Verified Answers
What are the three types of Obsolescence?
1. Physical Obsolescence.
2. Functional Obsolescence.
3. Economic Obsolescence.
Depreciation
the loss in value from the various forms of obsolescence.
Market Analysis
Identifying the properties strengths and weaknesses in an effort to improve overall
economic performance; also known an determining the properties highest and best use.
Analysis of Alternatives
Identifying theoretical costs associated with corresponding increases in rent; analyzing
the costs associated with improvements that could increase the overall value of the
property.
Example: Modernizing/updating the property's finishes for the purposes of gaining
premium rents.
What are the 5 Types of Property Values?
1. Investment Value
2. Assessed Value
3. Market Value
4. Depreciated Value
5. List Price
