IREM MNT 402 COMPREHENSIVE 2026 QUESTIONS AND
ANSWERS SURE A+
✔✔During the first 75% of a _________'s life cycle, it looks good and performs well, but
after that, deterioration occurs rapidly - ✔✔paved area
✔✔Air conditioners are rated by the number of ________ (BTUs) of heat they can
remove per hour. - ✔✔British Thermal Units
✔✔managers should have roofs regularly inspected by professional roofers as part of a
preventive maintenance program—_____________. - ✔✔At least once every six
months
✔✔A _______________ is a person or a company that is a separate business entity
hired to complete a task or tasks that the current staff is unable to accomplish. -
✔✔Contractor
✔✔To be legally binding as a contract, a promise must be exchanged for adequate
_____________. - ✔✔Consideration
✔✔An agreement wherein the promisor will be responsible for all damages, liability, and
legal fees that the other party, the promisee incurs resulting from actions or failures to
act of the promisor. - ✔✔Hold Harmless Agreement
Also known as an 'indemnity agreement'
✔✔By waiving the right of subrogation, the parties are agreeing that each will insure its
own property and no matter whose responsibility the loss is, each party will look solely
to its insurance company for the payment of its loss and its insurance company cannot
seek recovery from the other party's insurance company. - ✔✔Right of Subragation
✔✔ Care or upkeep of a property and all its components - ✔✔Maintenance
✔✔Process of controlling or reducing risk to acceptable levels - ✔✔Risk management
✔✔The control of _______ affects the owner's bottom line more than any other
operating expense - ✔✔Maintenance Costs
✔✔First step of the maintenance and risk management cycle. Produces the property
information report and initial inspection results - ✔✔Assess
✔✔Contains detailed information about a property that gives an overall picture of a
property and its history - ✔✔Property information report
ANSWERS SURE A+
✔✔During the first 75% of a _________'s life cycle, it looks good and performs well, but
after that, deterioration occurs rapidly - ✔✔paved area
✔✔Air conditioners are rated by the number of ________ (BTUs) of heat they can
remove per hour. - ✔✔British Thermal Units
✔✔managers should have roofs regularly inspected by professional roofers as part of a
preventive maintenance program—_____________. - ✔✔At least once every six
months
✔✔A _______________ is a person or a company that is a separate business entity
hired to complete a task or tasks that the current staff is unable to accomplish. -
✔✔Contractor
✔✔To be legally binding as a contract, a promise must be exchanged for adequate
_____________. - ✔✔Consideration
✔✔An agreement wherein the promisor will be responsible for all damages, liability, and
legal fees that the other party, the promisee incurs resulting from actions or failures to
act of the promisor. - ✔✔Hold Harmless Agreement
Also known as an 'indemnity agreement'
✔✔By waiving the right of subrogation, the parties are agreeing that each will insure its
own property and no matter whose responsibility the loss is, each party will look solely
to its insurance company for the payment of its loss and its insurance company cannot
seek recovery from the other party's insurance company. - ✔✔Right of Subragation
✔✔ Care or upkeep of a property and all its components - ✔✔Maintenance
✔✔Process of controlling or reducing risk to acceptable levels - ✔✔Risk management
✔✔The control of _______ affects the owner's bottom line more than any other
operating expense - ✔✔Maintenance Costs
✔✔First step of the maintenance and risk management cycle. Produces the property
information report and initial inspection results - ✔✔Assess
✔✔Contains detailed information about a property that gives an overall picture of a
property and its history - ✔✔Property information report
