DC PROPERTY MANAGER EXAM / NEWEST DC
PROPERTY MANAGER ACTUAL EXAM 2026
COMPLETE ACCURATE EXAM REAL QUESTIONS AND
CORRECT DETAILED ANSWERS (100% CORRECT
VERIFIED SOLUTIONS) LATEST UPDATED VERSION
|GUARANTEED PASS A+ (BRAND NEW!) FULL
REVISED
Management Plan - ,,,answer,,,..This describes in detail the subject
property's current use along with its physical condition, fiscal projections,
and any operational issues. It also includes an analysis of the market
(both regional and neighborhood), the competing properties, as well as
potential improvements or alternative uses for the subject property.
Market Analysis - ,,,answer,,,..This focuses on both a regional and
neighborhood evaluation, which includes the demographic conditions,
geographic features, governmental prospective, existing real estate
supply, potential future developments, and tenant/resident demand.
Analysis of Alternatives - ,,,answer,,,..This looks at the theoretical costs
and corresponding increase in rents by making different improvements,
even the subject property's redevelopment.
,Capital Expenditures - ,,,answer,,,..Work performed on properties that are
occupied and operational with the goal of trying to prevent the property
from declining and becoming obsolete.
Physical Obsolescence - ,,,answer,,,..A status characterized as a
condition of aging (i.e. wear and tear) or deferred maintenance. Examples
are worn carpets, peeling paint, a leaking roof, or dead landscaping.
Functional Obsolescence - ,,,answer,,,..A status characterized by old or
outdated designs or building systems. Examples include equipment that is
not repairable because parts or no longer manufactured; single pane
window systems because they waste a large amount of energy; outdated
bathroom fixtures because of changing designs and tastes.
Economic Obsolescence - ,,,answer,,,..A status that represents a loss in
value due to outside forces (i.e. location, market conditions). An example
would be an office building, located in a small town, where the major
employer closes. This may result in both lower demand and rental rates.
Depreciation - ,,,answer,,,..The process by which properties begin to
deteriorate as soon as they are completed. It represents the loss in value
from the various forms of obsolescence.
, Depreciated Value - ,,,answer,,,..The amount value that a property loses
per year due to the various forms of obsolescence. Ex: $12,000,000 x
2.5% (0.025) = $300,000 per year
Investment Value - ,,,answer,,,..An amount that is frequently determined
either by calculating the Net Operating Income and applying a
Capitalization Rate to it or from Cash Flow by determining the Return on
Investment.
Assessed Value - ,,,answer,,,..This is the value used by government tax
offices. Since it is frequently determined using sophisticated
mathematical models that are applied to many similar types of properties
over a geographic area, it can be less accurate and produce results that
are higher or lower than other types of "values".
Market Value - ,,,answer,,,..This is the value that is agreed to between a
buyer and seller. It represents the "meeting of the minds".
Depreciated Value - ,,,answer,,,..This is used for income tax purposes and
affects a property's tax basis. In the past, the Federal Government has
implemented accelerated depreciation programs to help promote
economic growth. It's one way people like Donald Trump can claim to be
losing money every year.
PROPERTY MANAGER ACTUAL EXAM 2026
COMPLETE ACCURATE EXAM REAL QUESTIONS AND
CORRECT DETAILED ANSWERS (100% CORRECT
VERIFIED SOLUTIONS) LATEST UPDATED VERSION
|GUARANTEED PASS A+ (BRAND NEW!) FULL
REVISED
Management Plan - ,,,answer,,,..This describes in detail the subject
property's current use along with its physical condition, fiscal projections,
and any operational issues. It also includes an analysis of the market
(both regional and neighborhood), the competing properties, as well as
potential improvements or alternative uses for the subject property.
Market Analysis - ,,,answer,,,..This focuses on both a regional and
neighborhood evaluation, which includes the demographic conditions,
geographic features, governmental prospective, existing real estate
supply, potential future developments, and tenant/resident demand.
Analysis of Alternatives - ,,,answer,,,..This looks at the theoretical costs
and corresponding increase in rents by making different improvements,
even the subject property's redevelopment.
,Capital Expenditures - ,,,answer,,,..Work performed on properties that are
occupied and operational with the goal of trying to prevent the property
from declining and becoming obsolete.
Physical Obsolescence - ,,,answer,,,..A status characterized as a
condition of aging (i.e. wear and tear) or deferred maintenance. Examples
are worn carpets, peeling paint, a leaking roof, or dead landscaping.
Functional Obsolescence - ,,,answer,,,..A status characterized by old or
outdated designs or building systems. Examples include equipment that is
not repairable because parts or no longer manufactured; single pane
window systems because they waste a large amount of energy; outdated
bathroom fixtures because of changing designs and tastes.
Economic Obsolescence - ,,,answer,,,..A status that represents a loss in
value due to outside forces (i.e. location, market conditions). An example
would be an office building, located in a small town, where the major
employer closes. This may result in both lower demand and rental rates.
Depreciation - ,,,answer,,,..The process by which properties begin to
deteriorate as soon as they are completed. It represents the loss in value
from the various forms of obsolescence.
, Depreciated Value - ,,,answer,,,..The amount value that a property loses
per year due to the various forms of obsolescence. Ex: $12,000,000 x
2.5% (0.025) = $300,000 per year
Investment Value - ,,,answer,,,..An amount that is frequently determined
either by calculating the Net Operating Income and applying a
Capitalization Rate to it or from Cash Flow by determining the Return on
Investment.
Assessed Value - ,,,answer,,,..This is the value used by government tax
offices. Since it is frequently determined using sophisticated
mathematical models that are applied to many similar types of properties
over a geographic area, it can be less accurate and produce results that
are higher or lower than other types of "values".
Market Value - ,,,answer,,,..This is the value that is agreed to between a
buyer and seller. It represents the "meeting of the minds".
Depreciated Value - ,,,answer,,,..This is used for income tax purposes and
affects a property's tax basis. In the past, the Federal Government has
implemented accelerated depreciation programs to help promote
economic growth. It's one way people like Donald Trump can claim to be
losing money every year.
