DC Property Managers Study Guide With complete
solu on Rated A+ 2025/2026 UPDATED NEW!!
Management Plan - CORRECT ANSWERS Assists the owner in mee ng their goals while
maximizing the property's value and return. The plan describes in detail the subject property's
current use along with it's physical condi on, fiscal projec ons, and opera onal issues (includes
an analysis of the market regional & neighborhood).
Organiza onal and educa onal programs available to assist in enhancing the property
manager's knowledge, iden fying resources to resolve issues, and expanding their business
network. - CORRECT ANSWERS Ins tute of Real Estate Management (IREM), Na onal
Associa on of Realtors (NAR), Greater Capital Area Associa on of Realtors (GCARR), building
Owners & Managers Associa on (BOMA), Na onal Associa on of Real Estate Brokers,
Interna onal Council of Shopping Centers (ICSC), and Na onal Property Management
Associa on.
Market Analysis - CORRECT ANSWERS Focuses on regional and neighborhood evalua ons.
Includes demographic condi ons, geographic features, governmental prospec ve, exis ng real
estate supply, future developments, and tenant/resident demand
Market Analysis & Compe ve Property Analysis helps to..... - CORRECT ANSWERS Iden fy the
subject property's strengths and weaknesses
The Highest & Best Use - CORRECT ANSWERS When the property manager considers
alterna ves to improve the property's weaknesses or further enhance its strengths to improve
overall economic performance.
Analysis of Alterna ve - CORRECT ANSWERS Looks at the theore cal costs and corresponding
increase in rents by making different improvements, even property's redevelopment.
, When determining the best use of property, alterna ves to consider are......... - CORRECT
ANSWERS Rehabilitate without altering its exis ng use, Modernize by upda ng finishes (more
efficient equipment), Change the Use of building (including conversion), or Conversion to a
condominium m ownership structure.
Capital Expenditures - CORRECT ANSWERS Projects that help extend the property's life.
Physical Obsolescene - CORRECT ANSWERS is characterized as a condi on of aging (i.e. wear &
tear) or deferred maintenance. Examples are worn carpet, peeling paint, a leaking roof, or dead
landscaping
Func onal Obsolescene - CORRECT ANSWERS is characterized by old or outdated designs or
building systems.
Economic Obsolesence - CORRECT ANSWERS Represents a loss in value due to outside forces
(i.e. loca on, market condi ons). Examples would be an office building, locates in a small town,
where the major employer closes.
Investment Value - CORRECT ANSWERS A value generally used by investors
Assessed Value - CORRECT ANSWERS The value used by government tax assessment offices
Market Value - CORRECT ANSWERS The value that is agreed to between a buyer & seller
Rules of Ethics for Property Manager - CORRECT ANSWERS Loyalty to client, confiden ality,
accurate accoun ng & repor ng, protec on of owner's funds, conflicts of interest, and
compliance with law regula ons.
solu on Rated A+ 2025/2026 UPDATED NEW!!
Management Plan - CORRECT ANSWERS Assists the owner in mee ng their goals while
maximizing the property's value and return. The plan describes in detail the subject property's
current use along with it's physical condi on, fiscal projec ons, and opera onal issues (includes
an analysis of the market regional & neighborhood).
Organiza onal and educa onal programs available to assist in enhancing the property
manager's knowledge, iden fying resources to resolve issues, and expanding their business
network. - CORRECT ANSWERS Ins tute of Real Estate Management (IREM), Na onal
Associa on of Realtors (NAR), Greater Capital Area Associa on of Realtors (GCARR), building
Owners & Managers Associa on (BOMA), Na onal Associa on of Real Estate Brokers,
Interna onal Council of Shopping Centers (ICSC), and Na onal Property Management
Associa on.
Market Analysis - CORRECT ANSWERS Focuses on regional and neighborhood evalua ons.
Includes demographic condi ons, geographic features, governmental prospec ve, exis ng real
estate supply, future developments, and tenant/resident demand
Market Analysis & Compe ve Property Analysis helps to..... - CORRECT ANSWERS Iden fy the
subject property's strengths and weaknesses
The Highest & Best Use - CORRECT ANSWERS When the property manager considers
alterna ves to improve the property's weaknesses or further enhance its strengths to improve
overall economic performance.
Analysis of Alterna ve - CORRECT ANSWERS Looks at the theore cal costs and corresponding
increase in rents by making different improvements, even property's redevelopment.
, When determining the best use of property, alterna ves to consider are......... - CORRECT
ANSWERS Rehabilitate without altering its exis ng use, Modernize by upda ng finishes (more
efficient equipment), Change the Use of building (including conversion), or Conversion to a
condominium m ownership structure.
Capital Expenditures - CORRECT ANSWERS Projects that help extend the property's life.
Physical Obsolescene - CORRECT ANSWERS is characterized as a condi on of aging (i.e. wear &
tear) or deferred maintenance. Examples are worn carpet, peeling paint, a leaking roof, or dead
landscaping
Func onal Obsolescene - CORRECT ANSWERS is characterized by old or outdated designs or
building systems.
Economic Obsolesence - CORRECT ANSWERS Represents a loss in value due to outside forces
(i.e. loca on, market condi ons). Examples would be an office building, locates in a small town,
where the major employer closes.
Investment Value - CORRECT ANSWERS A value generally used by investors
Assessed Value - CORRECT ANSWERS The value used by government tax assessment offices
Market Value - CORRECT ANSWERS The value that is agreed to between a buyer & seller
Rules of Ethics for Property Manager - CORRECT ANSWERS Loyalty to client, confiden ality,
accurate accoun ng & repor ng, protec on of owner's funds, conflicts of interest, and
compliance with law regula ons.
