©FYNDLAY 2024/2025 ALL RIGHTS RESERVED.
FI 334 Final Exam Questions And Answers
100% Verified And Updated.
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 complete set of manuals/ recommendation 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
1|Page
, ©FYNDLAY 2024/2025 ALL RIGHTS RESERVED.
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
Which of the following would NOT be found among rules and regulations in a residents home? -
Answer✔Expiration date of the lease
What does a condominium owner own? - Answer✔Floor/walls/ceiling of a unit and undivided
part of common area
The periodic payment a condo owner makes for common area services is called: -
Answer✔Assessment
The document that entitiles the owner of a cooperative to inhabit a unit in the property is: -
Answer✔Proprietary lease
A planned unit development (PUD): - Answer✔Combines concepts of conventional neighbor
subdivision with condos. AND it's a special zoning apparatus
Manufactured housing is found in areas zoned for mobile home parks because - Answer✔Zoning
restrictions prohibit manufactured housing in neighborhoods
Which of the following is not a housing alternative designed for senior citizens? -
Answer✔Planned unit development
When is a property staff member permitted to enter a unit without advance notice to the resident?
- Answer✔If property or safety is jeopardized by a malfunction
Maintenance of washers and dryers in an apartment building laundry room is usually responsible
of - Answer✔Contractor who specializes in this service
2|Page
FI 334 Final Exam Questions And Answers
100% Verified And Updated.
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 complete set of manuals/ recommendation 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
1|Page
, ©FYNDLAY 2024/2025 ALL RIGHTS RESERVED.
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
Which of the following would NOT be found among rules and regulations in a residents home? -
Answer✔Expiration date of the lease
What does a condominium owner own? - Answer✔Floor/walls/ceiling of a unit and undivided
part of common area
The periodic payment a condo owner makes for common area services is called: -
Answer✔Assessment
The document that entitiles the owner of a cooperative to inhabit a unit in the property is: -
Answer✔Proprietary lease
A planned unit development (PUD): - Answer✔Combines concepts of conventional neighbor
subdivision with condos. AND it's a special zoning apparatus
Manufactured housing is found in areas zoned for mobile home parks because - Answer✔Zoning
restrictions prohibit manufactured housing in neighborhoods
Which of the following is not a housing alternative designed for senior citizens? -
Answer✔Planned unit development
When is a property staff member permitted to enter a unit without advance notice to the resident?
- Answer✔If property or safety is jeopardized by a malfunction
Maintenance of washers and dryers in an apartment building laundry room is usually responsible
of - Answer✔Contractor who specializes in this service
2|Page
