DC Property Managers Study Guide (DC Only Test) With complete solution RATED A+ 2025/2026

DC Property Managers Study Guide (DC Only Test) With
complete solu on RATED A+ 2025/2026
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.



An owner can be directly affected by manager's..... - CORRECT ANSWERS Improper handling of
evic ons, unlawful rent collec ons, failure to return security deposits, not maintaining proper
compliance with the Rental Accommoda ons Division (RAD)



Reasons for termina on of Management Agreement - CORRECT ANSWERS Sale or transfer of
the property, improper financial repor ng, stealing funds, negligence, taking kickbacks or
benefi ng directly from discounts from vendors, commingling funds.



What is the designa on of the Na onal Associa on of Real Estate Brokers, Inc (Nareb)? -
CORRECT ANSWERS Real st



Alterna ves to consider when making different improvements or when redeveloping a property
- CORRECT ANSWERS Rehabilita on without altering exis ng use, Modernize the property by
upda ng finishes, Change the use of building, including conver ng to another property type, or
demolishing for new development, or Conversion to a condo ownership structure.



Ac ons that could put management company and owner at risk include: - CORRECT ANSWERS
Improper handling of evic ons, unlawful rent collec ons, failure to return security deposit, not
maintaining proper compliance with Rental Accommoda ons Division (RAD).

, Property Manager's are entrusted to look a5er other people's money this includes: - CORRECT
ANSWERS Opening Bank Accounts, promptly deposi ng all receipts, and paying vendors when
all services are completed.



Physical Inspec ons - CORRECT ANSWERS Is a method used to evaluate the property's
condi on & equipment as well as being the first step to develop a plan to address any issues.



When should an inspec on be performed a5er a resident has moved out? - CORRECT
ANSWERS Ideally the same day.



Some areas to regular inspect include - CORRECT ANSWERS Roofs- 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 - CORRECT ANSWERS A 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 inspec ons are determined
annually, semi-annually, quarterly, and monthly.



Request For Proposal or RPF - CORRECT ANSWERS To develop a clear and thorough
specifica on for contracts to bid on is called



What is included in an RPF? - CORRECT ANSWERS Scope of work, how is to be performed,
frequency, special requirements, work hours, metable to complete, insurance requirements,
deadline for submission, number of personnel to be provided, warranty, & references.



Before marke ng an available space or unit, - CORRECT ANSWERS Be sure that it is clean and
presentable and that the owner has approved all marke ng plans.