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Exam (elaborations)

FI 334 FINAL EXAM QUESTIONS WITH CORRECT ANSWERS 2025

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FI 334 FINAL EXAM QUESTIONS WITH CORRECT ANSWERS 2025

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FI 334
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FI 334









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Institution
FI 334
Course
FI 334

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Uploaded on
January 19, 2025
Number of pages
7
Written in
2024/2025
Type
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What are the ways maintenance can be categorized? - ANSWER custodial,
corrective, preventive, deferred, cosmetic

Why is it usually easier to develop an equipment maintenance schedule for a
new property than an older one? - ANSWER New property has a complete set
of manuals/recommendations for servicing

All property personnel and tenants should be drilled routinely on how to
summon fire evacuation T/F - ANSWER True

What is the most effective way to control pests? - ANSWER Remove their
food sources

US Environmental protection Agency requires all asbestos discovered removed
within 1 year of discovery T/F - ANSWER False

Indoor air quality probably can arise in office buildings because enclosed
HVAC results in poor air conditioning T/F - ANSWER True

Site manager receives complaints of lack of hot water between 6-8am. What is
best first step? - ANSWER Check insulation around boilers/ ask residents to
check leaks

Example of a simple energy conversation strategy replace fluorescent lamps
with incandescent T/F - ANSWER False

Precise specific should be drafted before a contractor is hired for a job specific
information includes: - ANSWER Description of work, materials required,
time constraints

What form is used to identify specific maintenance or repair work that is to be
done? - ANSWER Work order

, Management tool for monitoring inventory levels and assuring adequate
supplies of part - ANSWER Purchase order

Because of sensitivity about negative connotations, managers refer to apart
tenants as residents T/F - ANSWER True

Which of the following is a definition of gov't assisted housing? - ANSWER
When part of the rent payment or other considerations impacting rent comes
from a governmental body

When qualifying prospects, which of the following does a manager NOT need
to find out? - ANSWER Whether prospect needs a parking space

The Fair Housing Amendments Act of 1988 added which of the following as
"protected class"? - ANSWER Familial status and disability

What are the principal federal acts that prohibit discrimination in housing? -
ANSWER Fair housing act of 1968 and 1988

A resident lease is sometimes called what? - ANSWER Occupancy agreement

Which of the following is uncommon for the term (duration) of a residential
lease? - ANSWER 2 years

What characteristics of a residents pet concern real estate manager? -
ANSWER All the above: type of animal, whether the pet is noisy, size of the
animal

If prospective resident requests a transfer clause in lease what can be offered as
alternative? - ANSWER A sublet clause

Landlord tenant laws are - ANSWER State right / obligation for both landlord
and tenant

Which of the following is a reasonable assumption about the effects if rent
control laws? - ANSWER Rent control laws lead to lower property values

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