Real Estate Property Management

Real Estate Property Management Exam Questions and answers latest update

Property Management Exam Questions and Answers | 100% Correct | Verified & Updated 2024 The demand for professional property management that occurred in the late 1800's resulted primarily from - 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 - Answer ️️ -Evolution of the suburban shopping center The growth of shopping centers has been stimulated...

Oregon Property Management Final Exam with Complete & Verified Solutions | 100 % Correct | 2024 Update Oregon's statutes on property management with respect to licensure and property management activity are extensive. These laws serve which of the following purposes: -Answer️️ - a. To specify requirements for the management of rental real estate b. To protect owners and tenants of rental real estate c. To encourage real estate property managers to comply with the applicable statutes a...

Real Estate-Property Management Exam with 100% Complete Solutions | Verified & Updated 2024 A.M.O. - Answer ️️ -Accredited Management Organization: A firm that meets the guidelines of the Institute and utilizes at least one CPM can be designated as an AMO A.R.M. - Answer ️️ -ACCREDITED RESIDENT MANAGER (ARM®) designation for the on-site manager who successfully completes a prescribed educational program, meets an experience requirement, and subscribes to IREM's ethical code and...

Commercial Property Management Exam 1 with 100% Correct Answers | Verified & Updated 2024 Skyscrapers - Answer️️ - Real Estate Investment Trusts (REITs) - Answer️️ --An entity that sells shares of beneficial interest to investors and uses the funds to invest in real estate or real estate mortgages -Must meet certain requirements such as a minimum number of investors and widely dispersed ownership -No corporate taxes need to be paid as long as a series of complex Internal Revenues...

Residential Property Management - Final Exam (Wells) Questions with 100% Correct Answers | Latest Update 2024 The on-site commercial property manager - Answer ️️ -is one of the most important members of the management team. He or she is responsible for the day-to-day operations of a single large property, such as an office building or a shopping center. (pg. 428) The commercial property manager - Answer ️️ -coordinates fire and police protection services, and emergency evacuation a...

Exam 1 Intro to Property Management - Study Guide Latest Updated 2024 Property Management Definition - Answer ️️ -a professional activity in which someone other than the owner supervises the operation of a property according to the owner's objectives. The operation of income-producing real estate as a business, including leasing, rent collection, maintenance of the property, and general administration (like an owner's agent) Impact of the Great Depression on the Property Management P...

Property management license Exam Questions with Complete Solutions The Civil Rights act of 1866 reaffirmed - Answer ️️ - Security deposits received in the agent's personal rental transaction are not required to be deposited in a trust account - Answer ️️ -FALSE Disputed trust funds can be disbursed in the following way - Answer ️️ -written agreement between the parties A licensee who receives compensation in a real estate transaction from more than one party can be disciplin...

DC Property Management License Questions And Correct Answers| Latest Update 1. The primary responsibility of a real estate property manager is to understand and implement the owner's goals and objectives 2. If an apartment building has 20 one bedroom units which rent for $800 per month and 30 two bedroom apartments which rent for $1500 per month, what is the Gross Potential Rental Income per month? Gross Potential Rental Income per month calculation ($800 x 20) + ($1500 x 30) =$61...

Property Management Exam Questions and Answers | 100% Correct | Verified & Updated Property Manager - Answer️️ - Someone who manages real estate for another person for compensation. Duties include collecting rents, maintaining the property, and keeping up all accounting. A good reputation is often the manager's best advertising. A manager who consistently demonstrates the ability to increase property income over previous levels, while meeting legal requirements and enhancing the prope...