DC Property Manager Test Latest recent & frequently
tested exam with questions and verified accurate
solutions (detailed & elaborated) GRADED A+
, Management Plan - correct ans:The plan 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. These items will be discussed further in this
section.
Market Analysis - correct ans:A ______ 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
By performing the ____________ and a ______________, it is easier to identify the subject property's
strengths and weaknesses. - correct ans:Market Analysis, Competitive Property Analysis
Analysis of Alternatives - correct ans:Looks at the theoretical costs and corresponding increase in rents
by making different improvements, even the subject property's redevelopment.
Physical Obsolescence - correct ans:is 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Functional Obsolescence - correct ans:is characterized by old or outdated designs or building systems.
Examples include equipment that is not repairable because parts or no longer manufactured; DC
Property Management Study Guide - 3 single pane window systems because they waste a large amount
of energy; outdated bathroom fixtures because of changing designs and tastes.
Economic Obsolescence - correct ans: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 - correct ans:Properties begin to deteriorate as soon as they are completed. This process is
called ____________. and it represents the loss in value from the various forms of obsolescence.
__________ can be economically estimated on a broad level.
If a new 400 unit apartment building is worth $12,000,000 and depreciates in value at 2.5% per year,
what is its Depreciated Value after five years? - correct ans:$12,000,000 x 0.025 = $300,000 per year of
tested exam with questions and verified accurate
solutions (detailed & elaborated) GRADED A+
, Management Plan - correct ans:The plan 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. These items will be discussed further in this
section.
Market Analysis - correct ans:A ______ 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
By performing the ____________ and a ______________, it is easier to identify the subject property's
strengths and weaknesses. - correct ans:Market Analysis, Competitive Property Analysis
Analysis of Alternatives - correct ans:Looks at the theoretical costs and corresponding increase in rents
by making different improvements, even the subject property's redevelopment.
Physical Obsolescence - correct ans:is 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 - correct ans:is characterized by old or outdated designs or building systems.
Examples include equipment that is not repairable because parts or no longer manufactured; DC
Property Management Study Guide - 3 single pane window systems because they waste a large amount
of energy; outdated bathroom fixtures because of changing designs and tastes.
Economic Obsolescence - correct ans: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 - correct ans:Properties begin to deteriorate as soon as they are completed. This process is
called ____________. and it represents the loss in value from the various forms of obsolescence.
__________ can be economically estimated on a broad level.
If a new 400 unit apartment building is worth $12,000,000 and depreciates in value at 2.5% per year,
what is its Depreciated Value after five years? - correct ans:$12,000,000 x 0.025 = $300,000 per year of
