DC PROPERTY MANAGERS STUDY
GUIDE QUESTIONS & ANSWERS
(RATED A+)
Organizational and educational programs available to assist in enhancing the
property manager's knowledge, identifying resources to resolve issues, and
expanding their business network. - 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.
An owner can be directly affected by manager's..... - ANSWERImproper handling of
evictions, unlawful rent collections, failure to return security deposits, not maintaining
proper compliance with the Rental Accommodations Division (RAD)
Reasons for termination of Management Agreement - ANSWERSale or transfer of
the property, improper financial reporting, stealing funds, negligence, taking
kickbacks or benefiting directly from discounts from vendors, commingling funds.
What is the designation of the National Association of Real Estate Brokers, Inc
(Nareb)? - ANSWERRealtist
Property Manager's are entrusted to look after other people's money this includes: -
ANSWEROpening Bank Accounts, promptly depositing all receipts, and paying
vendors when all services are completed.
Physical Inspections - ANSWERIs a method used to evaluate the property's
condition & equipment as well as being the first step to develop a plan to address
any issues.
When should an inspection be performed after a resident has moved out? -
ANSWERIdeally the same day.
Some areas to regular inspect include - ANSWERRoofs- look for pondering water,
holes, and debris; Parking Lots- look for pavement alligator, loose graveling,
potholes Front Entrance- look for trip hazards, cracked windows; Exterior Facades-
failed caulking, loose concrete, crack windows.
In order to generate a list of what to be inspected on a property - ANSWERA walk-
through of the property and all of the areas related to its mechanical, electrical,
telephone, and life safety equipment needs to be conducted. Frequency of
inspections are determined annually, semi-annually, quarterly, and monthly.
Request For Proposal or RPF - ANSWERTo develop a clear and thorough
specification for contracts to bid on is called
GUIDE QUESTIONS & ANSWERS
(RATED A+)
Organizational and educational programs available to assist in enhancing the
property manager's knowledge, identifying resources to resolve issues, and
expanding their business network. - 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.
An owner can be directly affected by manager's..... - ANSWERImproper handling of
evictions, unlawful rent collections, failure to return security deposits, not maintaining
proper compliance with the Rental Accommodations Division (RAD)
Reasons for termination of Management Agreement - ANSWERSale or transfer of
the property, improper financial reporting, stealing funds, negligence, taking
kickbacks or benefiting directly from discounts from vendors, commingling funds.
What is the designation of the National Association of Real Estate Brokers, Inc
(Nareb)? - ANSWERRealtist
Property Manager's are entrusted to look after other people's money this includes: -
ANSWEROpening Bank Accounts, promptly depositing all receipts, and paying
vendors when all services are completed.
Physical Inspections - ANSWERIs a method used to evaluate the property's
condition & equipment as well as being the first step to develop a plan to address
any issues.
When should an inspection be performed after a resident has moved out? -
ANSWERIdeally the same day.
Some areas to regular inspect include - ANSWERRoofs- look for pondering water,
holes, and debris; Parking Lots- look for pavement alligator, loose graveling,
potholes Front Entrance- look for trip hazards, cracked windows; Exterior Facades-
failed caulking, loose concrete, crack windows.
In order to generate a list of what to be inspected on a property - ANSWERA walk-
through of the property and all of the areas related to its mechanical, electrical,
telephone, and life safety equipment needs to be conducted. Frequency of
inspections are determined annually, semi-annually, quarterly, and monthly.
Request For Proposal or RPF - ANSWERTo develop a clear and thorough
specification for contracts to bid on is called
