DC Property Managers Study Guide
(DC Only Test) correctly answered
Institute 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. - correct answer ✔✔ Organizational and
educational programs available to assist in enhancing the property manager's knowledge,
identifying resources to resolve issues, and expanding their business network.
Improper handling of evictions, unlawful rent collections, failure to return security deposits, not
maintaining proper compliance with the Rental Accommodations Division (RAD) - correct
answer ✔✔ An owner can be directly affected by manager's.....
Sale or transfer of the property, improper financial reporting, stealing funds, negligence, taking
kickbacks or benefiting directly from discounts from vendors, commingling funds. - correct
answer ✔✔ Reasons for termination of Management Agreement
Realtist - correct answer ✔✔ What is the designation of the National Association of Real Estate
Brokers, Inc (Nareb)?
Rehabilitation without altering existing use, Modernize the property by updating finishes,
Change the use of building, including converting to another property type, or demolishing for
new development, or Conversion to a condo ownership structure. - correct answer ✔✔
Alternatives to consider when making different improvements or when redeveloping a property
Improper handling of evictions, unlawful rent collections, failure to return security deposit, not
maintaining proper compliance with Rental Accommodations Division (RAD). - correct answer
✔✔ Actions that could put management company and owner at risk include:
, Opening Bank Accounts, promptly depositing all receipts, and paying vendors when all services
are completed. - correct answer ✔✔ Property Manager's are entrusted to look after other
people's money this includes:
Is 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. - correct answer ✔✔ Physical Inspections
Ideally the same day. - correct answer ✔✔ When should an inspection be performed after a
resident has moved out?
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. - correct answer ✔✔ Some areas to
regular inspect include
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 inspections are
determined annually, semi-annually, quarterly, and monthly. - correct answer ✔✔ In order to
generate a list of what to be inspected on a property
To develop a clear and thorough specification for contracts to bid on is called - correct answer
✔✔ Request For Proposal or RPF
Scope of work, how is to be performed, frequency, special requirements, work hours, timetable
to complete, insurance requirements, deadline for submission, number of personnel to be
provided, warranty, & references. - correct answer ✔✔ What is included in an RPF?
Be sure that it is clean and presentable and that the owner has approved all marketing plans. -
correct answer ✔✔ Before marketing an available space or unit,
(DC Only Test) correctly answered
Institute 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. - correct answer ✔✔ Organizational and
educational programs available to assist in enhancing the property manager's knowledge,
identifying resources to resolve issues, and expanding their business network.
Improper handling of evictions, unlawful rent collections, failure to return security deposits, not
maintaining proper compliance with the Rental Accommodations Division (RAD) - correct
answer ✔✔ An owner can be directly affected by manager's.....
Sale or transfer of the property, improper financial reporting, stealing funds, negligence, taking
kickbacks or benefiting directly from discounts from vendors, commingling funds. - correct
answer ✔✔ Reasons for termination of Management Agreement
Realtist - correct answer ✔✔ What is the designation of the National Association of Real Estate
Brokers, Inc (Nareb)?
Rehabilitation without altering existing use, Modernize the property by updating finishes,
Change the use of building, including converting to another property type, or demolishing for
new development, or Conversion to a condo ownership structure. - correct answer ✔✔
Alternatives to consider when making different improvements or when redeveloping a property
Improper handling of evictions, unlawful rent collections, failure to return security deposit, not
maintaining proper compliance with Rental Accommodations Division (RAD). - correct answer
✔✔ Actions that could put management company and owner at risk include:
, Opening Bank Accounts, promptly depositing all receipts, and paying vendors when all services
are completed. - correct answer ✔✔ Property Manager's are entrusted to look after other
people's money this includes:
Is 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. - correct answer ✔✔ Physical Inspections
Ideally the same day. - correct answer ✔✔ When should an inspection be performed after a
resident has moved out?
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. - correct answer ✔✔ Some areas to
regular inspect include
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 inspections are
determined annually, semi-annually, quarterly, and monthly. - correct answer ✔✔ In order to
generate a list of what to be inspected on a property
To develop a clear and thorough specification for contracts to bid on is called - correct answer
✔✔ Request For Proposal or RPF
Scope of work, how is to be performed, frequency, special requirements, work hours, timetable
to complete, insurance requirements, deadline for submission, number of personnel to be
provided, warranty, & references. - correct answer ✔✔ What is included in an RPF?
Be sure that it is clean and presentable and that the owner has approved all marketing plans. -
correct answer ✔✔ Before marketing an available space or unit,
