DC PROPERTY MANAGERS STUDY
GUIDE ACTUAL EXAM ALL QUESTIONS
AND WELL ELABORATED ANSWERS
TOP RATED VERSION FOR ALREADY A+
GRADED HIGHLY RECOMMENDED
|NEW AND REVISED
Management Plan - CORRECT ANSWERAssists the owner in meeting their goals while
maximizing the property's value and return. The plan describes in detail the subject property's
current use along with it's physical condition, fiscal projections, and operational issues (includes
an analysis of the market regional & neighborhood).
Organizational and educational programs available to assist in enhancing the property
manager's knowledge, identifying resources to resolve issues, and expanding their business
network. - CORRECT ANSWERInstitute of Real Estate Management (IREM), National Association
of Realtors (NAR), Greater Capital Area Association of Realtors (GCARR), building Owners &
Managers Association (BOMA), National Association of Real Estate Brokers, International
Council of Shopping Centers (ICSC), and National Property Management Association.
Market Analysis - CORRECT ANSWERFocuses on regional and neighborhood evaluations.
Includes demographic conditions, geographic features, governmental prospective, existing real
estate supply, future developments, and tenant/resident demand
Market Analysis & Competitive Property Analysis helps to..... - CORRECT ANSWERIdentify the
subject property's strengths and weaknesses
The Highest & Best Use - CORRECT ANSWERWhen the property manager considers alternatives
to improve the property's weaknesses or further enhance its strengths to improve overall
economic performance.
, Analysis of Alternative - CORRECT ANSWERLooks at the theoretical costs and corresponding
increase in rents by making different improvements, even property's redevelopment.
When determining the best use of property, alternatives to consider are......... - CORRECT
ANSWERRehabilitate without altering its existing use, Modernize by updating finishes (more
efficient equipment), Change the Use of building (including conversion), or Conversion to a
condominium m ownership structure.
Capital Expenditures - CORRECT ANSWERProjects that help extend the property's life.
Physical Obsolescene - CORRECT ANSWERis characterized as a condition of aging (i.e. wear &
tear) or deferred maintenance. Examples are worn carpet, peeling paint, a leaking roof, or dead
landscaping
Functional Obsolescene - CORRECT ANSWERis characterized by old or outdated designs or
building systems.
Economic Obsolesence - CORRECT ANSWERRepresents a loss in value due to outside forces (i.e.
location, market conditions). Examples would be an office building, locates in a small town,
where the major employer closes.
Investment Value - CORRECT ANSWERA value generally used by investors
Assessed Value - CORRECT ANSWERThe value used by government tax assessment offices
Market Value - CORRECT ANSWERThe value that is agreed to between a buyer & seller
GUIDE ACTUAL EXAM ALL QUESTIONS
AND WELL ELABORATED ANSWERS
TOP RATED VERSION FOR ALREADY A+
GRADED HIGHLY RECOMMENDED
|NEW AND REVISED
Management Plan - CORRECT ANSWERAssists the owner in meeting their goals while
maximizing the property's value and return. The plan describes in detail the subject property's
current use along with it's physical condition, fiscal projections, and operational issues (includes
an analysis of the market regional & neighborhood).
Organizational and educational programs available to assist in enhancing the property
manager's knowledge, identifying resources to resolve issues, and expanding their business
network. - CORRECT ANSWERInstitute of Real Estate Management (IREM), National Association
of Realtors (NAR), Greater Capital Area Association of Realtors (GCARR), building Owners &
Managers Association (BOMA), National Association of Real Estate Brokers, International
Council of Shopping Centers (ICSC), and National Property Management Association.
Market Analysis - CORRECT ANSWERFocuses on regional and neighborhood evaluations.
Includes demographic conditions, geographic features, governmental prospective, existing real
estate supply, future developments, and tenant/resident demand
Market Analysis & Competitive Property Analysis helps to..... - CORRECT ANSWERIdentify the
subject property's strengths and weaknesses
The Highest & Best Use - CORRECT ANSWERWhen the property manager considers alternatives
to improve the property's weaknesses or further enhance its strengths to improve overall
economic performance.
, Analysis of Alternative - CORRECT ANSWERLooks at the theoretical costs and corresponding
increase in rents by making different improvements, even property's redevelopment.
When determining the best use of property, alternatives to consider are......... - CORRECT
ANSWERRehabilitate without altering its existing use, Modernize by updating finishes (more
efficient equipment), Change the Use of building (including conversion), or Conversion to a
condominium m ownership structure.
Capital Expenditures - CORRECT ANSWERProjects that help extend the property's life.
Physical Obsolescene - CORRECT ANSWERis characterized as a condition of aging (i.e. wear &
tear) or deferred maintenance. Examples are worn carpet, peeling paint, a leaking roof, or dead
landscaping
Functional Obsolescene - CORRECT ANSWERis characterized by old or outdated designs or
building systems.
Economic Obsolesence - CORRECT ANSWERRepresents a loss in value due to outside forces (i.e.
location, market conditions). Examples would be an office building, locates in a small town,
where the major employer closes.
Investment Value - CORRECT ANSWERA value generally used by investors
Assessed Value - CORRECT ANSWERThe value used by government tax assessment offices
Market Value - CORRECT ANSWERThe value that is agreed to between a buyer & seller
