Property Management Exam 2025
Questions and Answers 100% Pass
Which of the following contributed to the escalation of property management as a
profession during the early 20th century? - ✔✔All of the choices apply
In addition to the stock market crash of 1929, the __________ marked another time in
American history when record numbers of properties foreclosed. - ✔✔savings and
loan crisis of the late 1980s
If a property manager deals with properties that conduct retail activity, what real
estate market does a property - ✔✔Commercial
Which of the following is a type of real estate ownership in which a person has an
individual unit and shared use of common areas and facilities of the property? -
✔✔Common interest development
Fair housing and anti-discrimination laws prevent property managers from
discriminating against prospective tenants based on: - ✔✔all of the choices apply.
The __________ Act regulates the relationship between residential property
owners/managers and their tenants. The Act has a variety of provisions such as,
handling and returning security deposits, owners/managers right to re-enter the
property, and retaliation provisions. - ✔✔Uniform Residential Landlord and Tenant
Unlike with residential rentals, lease agreements for __________ typically contain a
"Compliance with Laws" clause that requires the tenant to be responsible for
noncompliance that results from the tenant's use of or alterations to the property. -
✔✔commercial rentals
COPYRIGHT © 2025 BY SOPHIA BENNETT, ALL RIGHTS RESERVED 1
, What organization issues the Certified Property Manager (CPM) certification? -
✔✔Institute of Real Estate Management
All of the following are duties of on-site managers, except: - ✔✔suggesting
alternative property uses to increase income, such as converting apartments to
condominiums.
Measuring standards developed by the __________ provide guidance for measuring
the floor areas of office buildings, retail space, warehouses, and other types of
properties. - ✔✔Building Owners and Managers Association International (BOMA)
A property management company will choose the types of marketing and
maintenance issuers that: - ✔✔are beneficial to the property type chosen.
Which of the following describes the acronym FBN? - ✔✔Fictitious Business Name
All of the following are examples of tangible personal property used in business,
except: - ✔✔patents
What is an account managed by one party for the benefit of another in a banking
institution authorized to do business in the state? - ✔✔A trust account
When federal and state standards conflict, which one will typically apply to laws
dealing with employment issues? - ✔✔The rules that provide the most protection for
employees.
What contains all the policies, procedures and work instructions that make up the
way a company carries out all the functions of its business? - ✔✔A policy and
procedure manual or employee handbook
What is the amount of money necessary to carry out daily activities? - ✔✔Working
capital
A property manager should have electronic files:The specialization of serving the
needs of clients in a particular geographical area is known as: - ✔✔backed up, with
the back-up files stored off-site.
COPYRIGHT © 2025 BY SOPHIA BENNETT, ALL RIGHTS RESERVED 2
Questions and Answers 100% Pass
Which of the following contributed to the escalation of property management as a
profession during the early 20th century? - ✔✔All of the choices apply
In addition to the stock market crash of 1929, the __________ marked another time in
American history when record numbers of properties foreclosed. - ✔✔savings and
loan crisis of the late 1980s
If a property manager deals with properties that conduct retail activity, what real
estate market does a property - ✔✔Commercial
Which of the following is a type of real estate ownership in which a person has an
individual unit and shared use of common areas and facilities of the property? -
✔✔Common interest development
Fair housing and anti-discrimination laws prevent property managers from
discriminating against prospective tenants based on: - ✔✔all of the choices apply.
The __________ Act regulates the relationship between residential property
owners/managers and their tenants. The Act has a variety of provisions such as,
handling and returning security deposits, owners/managers right to re-enter the
property, and retaliation provisions. - ✔✔Uniform Residential Landlord and Tenant
Unlike with residential rentals, lease agreements for __________ typically contain a
"Compliance with Laws" clause that requires the tenant to be responsible for
noncompliance that results from the tenant's use of or alterations to the property. -
✔✔commercial rentals
COPYRIGHT © 2025 BY SOPHIA BENNETT, ALL RIGHTS RESERVED 1
, What organization issues the Certified Property Manager (CPM) certification? -
✔✔Institute of Real Estate Management
All of the following are duties of on-site managers, except: - ✔✔suggesting
alternative property uses to increase income, such as converting apartments to
condominiums.
Measuring standards developed by the __________ provide guidance for measuring
the floor areas of office buildings, retail space, warehouses, and other types of
properties. - ✔✔Building Owners and Managers Association International (BOMA)
A property management company will choose the types of marketing and
maintenance issuers that: - ✔✔are beneficial to the property type chosen.
Which of the following describes the acronym FBN? - ✔✔Fictitious Business Name
All of the following are examples of tangible personal property used in business,
except: - ✔✔patents
What is an account managed by one party for the benefit of another in a banking
institution authorized to do business in the state? - ✔✔A trust account
When federal and state standards conflict, which one will typically apply to laws
dealing with employment issues? - ✔✔The rules that provide the most protection for
employees.
What contains all the policies, procedures and work instructions that make up the
way a company carries out all the functions of its business? - ✔✔A policy and
procedure manual or employee handbook
What is the amount of money necessary to carry out daily activities? - ✔✔Working
capital
A property manager should have electronic files:The specialization of serving the
needs of clients in a particular geographical area is known as: - ✔✔backed up, with
the back-up files stored off-site.
COPYRIGHT © 2025 BY SOPHIA BENNETT, ALL RIGHTS RESERVED 2
