Intro to Property Management Ch 1
UPDATED ACTUAL Exam Questions and
CORRECT Answers
The demand for professional property management that occurred in the late 1800s resulted
primarily from: - CORRECT ANSWER - reshaping the urban center by building tall
buildings with elevators.
The traditional concentration of retail property in downtown areas became decentralized as a
result of: - CORRECT ANSWER - evolution of the suburban shopping center.
The growth of shopping centers has been stimulated by - CORRECT ANSWER -
population shifts to the suburbs.
All of the following should be goals of the professional property manager EXCEPT: -
CORRECT ANSWER - maintain 100% occupancy.
Which of the following professional organizations has the longest history? - CORRECT
ANSWER - Building Owners and Managers Association International (BOMA)
Incubator spaces are most likely to be found in: - CORRECT ANSWER - research parks.
Examples of special-purpose properties include: - CORRECT ANSWER - nursing homes.
Which of the following types of real estate properties utilizes more professional property
managers? - CORRECT ANSWER - Residential
The professional property manager formulates plans to: - CORRECT ANSWER - achieve
the objectives of the owner.
UPDATED ACTUAL Exam Questions and
CORRECT Answers
The demand for professional property management that occurred in the late 1800s resulted
primarily from: - CORRECT ANSWER - reshaping the urban center by building tall
buildings with elevators.
The traditional concentration of retail property in downtown areas became decentralized as a
result of: - CORRECT ANSWER - evolution of the suburban shopping center.
The growth of shopping centers has been stimulated by - CORRECT ANSWER -
population shifts to the suburbs.
All of the following should be goals of the professional property manager EXCEPT: -
CORRECT ANSWER - maintain 100% occupancy.
Which of the following professional organizations has the longest history? - CORRECT
ANSWER - Building Owners and Managers Association International (BOMA)
Incubator spaces are most likely to be found in: - CORRECT ANSWER - research parks.
Examples of special-purpose properties include: - CORRECT ANSWER - nursing homes.
Which of the following types of real estate properties utilizes more professional property
managers? - CORRECT ANSWER - Residential
The professional property manager formulates plans to: - CORRECT ANSWER - achieve
the objectives of the owner.
