Property Management FINAL Exam Questions and Answers Graded A+

Property Management FINAL Exam Questions and Answers Graded A+ Your purpose in evaluating your employees should be to: Help in the employees' development. Items that should be included in an employee's file include: - employee's job application form. - information as to any verifications or checking on pre-employment. - a copy of the employee's employment contract. All of the above. A property manager does not want to hire any illegal aliens. To be on the safe side, the manager can properly: Require applicants to fill out an Immigration and Naturalization Form. Most management fees are based on a: Percentage of the gross income. A secret payment from potential tenants to a manager to give them occupancy is called: Key money. "Completed staff work" would include: - defining the problem. - suggesting possible solutions. - providing recommendations. All of the above. A company dress code should reflect: The way you expect a professional in the business should dress. A book that would list an employee's job duties and company rules is called a(n): Policy manual. When a purchaser is induced to begin the bargaining process with an offer and then later induced to raise it, it is called: Low balling In dealing with an owner, the property manager must show: - Loyalty. - Confidentiality. - Full disclosure. All of the above. If you accept a partial rent payment after filing an unlawful detainer action: It would invalidate the unlawful detainer action. For a month-to-month tenancy, the lessor can change the rent or other terms of the tenancy usually by giving a: 30-day notice. When you have a tenant waiting list, your best practice would be to contact prospects first who: Applied first. As a property manager, prospective tenants you should NOT consider renting to include: - Very close personal friends. - Persons with whom you have a romantic relationship. - Your relatives. All of the above. In simple terms, "ethics" can best be described as: Doing what is right. Under the Equal Credit Opportunity Act, property managers CANNOT ask a prospective tenant questions regarding his or her: Childbearing intentions. It is discriminatory to deny equal enjoyment of goods, services, facilities, and accommodations in an existing place of public accommodation (nonresidential) under the: Americans with Disabilities Act. Discriminatory advertising is prohibited by the: Civil Rights Act of 1968. Which of the following would not fall under the category of "handicapped"? Drug addiction The Civil Rights Act of 1968 is more commonly called the