DC Property Managers Study Guide (DC Only Test) Questions and Answers
Institute of Real Estate Management (IREM), National As-
Organizational and educational programs available to as- sociation of Realtors (NAR), Greater Capital Area Associ-
sist in enhancing the property manager's knowledge, ation of Realtors (GCARR), building Owners & Managers
identifying resources to resolve issues, and expanding Association (BOMA), National Association of Real Estate
their business network. Brokers, International Council of Shopping Centers (ICSC),
and National Property Management Association.
Improper handling of evictions, unlawful rent collections,
failure to return security deposits, not maintaining prop-
An owner can be directly attected by manager's.....
er compliance with the Rental Accommodations Division
(RAD)
Sale or transfer of the property, improper financial report-
ing, stealing funds, negligence, taking kickbacks or bene-
Reasons for termination of Management Agreement
fiting directly from discounts from vendors, commingling
funds.
What is the designation of the National Association of Real
Realtist
Estate Brokers, Inc (Nareb)?
Rehabilitation without altering existing use, Modernize the
property by updating finishes, Change the use of building,
Alternatives to consider when making ditterent improve-
including converting to another property type, or demol-
ments or when redeveloping a property
ishing for new development, or Conversion to a condo
ownership structure.
Improper handling of evictions, unlawful rent collections,
Actions that could put management company and owner
failure to return security deposit, not maintaining proper
at risk include:
compliance with Rental Accommodations Division (RAD).
Property Manager's are entrusted to look after other peo- Opening Bank Accounts, promptly depositing all receipts,
ple's money this includes: and paying vendors when all services are completed.
Is a method used to evaluate the property's condition &
Physical Inspections equipment as well as being the first step to develop a plan
to address any issues.
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, DC Property Managers Study Guide (DC Only Test) Questions and Answers
When should an inspection be performed after a resident
Ideally the same day.
has moved out?
Roofs- look for pondering water, holes, and debris; Park-
ing Lots- look for pavement alligator, loose graveling, pot-
Some areas to regular inspect include holes Front Entrance- look for trip hazards, cracked win-
dows; Exterior Facades- failed caulking, loose concrete,
crack windows.
A walk-through of the property and all of the areas relat-
ed to its mechanical, electrical, telephone, and life safety
In order to generate a list of what to be inspected on a
equipment needs to be conducted. Frequency of inspec-
property
tions are determined annually, semi-annually, quarterly,
and monthly.
To develop a clear and thorough specification for contracts
Request For Proposal or RPF
to bid on is called
Scope of work, how is to be performed, frequency, special
requirements, work hours, timetable to complete, insur-
What is included in an RPF?
ance requirements, deadline for submission, number of
personnel to be provided, warranty, & references.
Be sure that it is clean and presentable and that the owner
Before marketing an available space or unit,
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)
Nonpayment of rent, Violation of an obligation of tenancy,
A landlord may evict a tenant for only one of ten statutory
of which the tenant failed to correct after notice; Tenant
reasons some of those reasons include
performed as illegal act within the rental unit.
A legal basis to evict tenant. Should an eviction occur, there
A property's foreclosure in not
is no change in tenant's rights.
Owners are required to
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Institute of Real Estate Management (IREM), National As-
Organizational and educational programs available to as- sociation of Realtors (NAR), Greater Capital Area Associ-
sist in enhancing the property manager's knowledge, ation of Realtors (GCARR), building Owners & Managers
identifying resources to resolve issues, and expanding Association (BOMA), National Association of Real Estate
their business network. Brokers, International Council of Shopping Centers (ICSC),
and National Property Management Association.
Improper handling of evictions, unlawful rent collections,
failure to return security deposits, not maintaining prop-
An owner can be directly attected by manager's.....
er compliance with the Rental Accommodations Division
(RAD)
Sale or transfer of the property, improper financial report-
ing, stealing funds, negligence, taking kickbacks or bene-
Reasons for termination of Management Agreement
fiting directly from discounts from vendors, commingling
funds.
What is the designation of the National Association of Real
Realtist
Estate Brokers, Inc (Nareb)?
Rehabilitation without altering existing use, Modernize the
property by updating finishes, Change the use of building,
Alternatives to consider when making ditterent improve-
including converting to another property type, or demol-
ments or when redeveloping a property
ishing for new development, or Conversion to a condo
ownership structure.
Improper handling of evictions, unlawful rent collections,
Actions that could put management company and owner
failure to return security deposit, not maintaining proper
at risk include:
compliance with Rental Accommodations Division (RAD).
Property Manager's are entrusted to look after other peo- Opening Bank Accounts, promptly depositing all receipts,
ple's money this includes: and paying vendors when all services are completed.
Is a method used to evaluate the property's condition &
Physical Inspections equipment as well as being the first step to develop a plan
to address any issues.
1/5
, DC Property Managers Study Guide (DC Only Test) Questions and Answers
When should an inspection be performed after a resident
Ideally the same day.
has moved out?
Roofs- look for pondering water, holes, and debris; Park-
ing Lots- look for pavement alligator, loose graveling, pot-
Some areas to regular inspect include holes Front Entrance- look for trip hazards, cracked win-
dows; Exterior Facades- failed caulking, loose concrete,
crack windows.
A walk-through of the property and all of the areas relat-
ed to its mechanical, electrical, telephone, and life safety
In order to generate a list of what to be inspected on a
equipment needs to be conducted. Frequency of inspec-
property
tions are determined annually, semi-annually, quarterly,
and monthly.
To develop a clear and thorough specification for contracts
Request For Proposal or RPF
to bid on is called
Scope of work, how is to be performed, frequency, special
requirements, work hours, timetable to complete, insur-
What is included in an RPF?
ance requirements, deadline for submission, number of
personnel to be provided, warranty, & references.
Be sure that it is clean and presentable and that the owner
Before marketing an available space or unit,
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)
Nonpayment of rent, Violation of an obligation of tenancy,
A landlord may evict a tenant for only one of ten statutory
of which the tenant failed to correct after notice; Tenant
reasons some of those reasons include
performed as illegal act within the rental unit.
A legal basis to evict tenant. Should an eviction occur, there
A property's foreclosure in not
is no change in tenant's rights.
Owners are required to
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