DC Property Managers Study Guide (DC
Only Test) Questions and Answers
1.Organizational and educational programs available to assist in enhancing
the property manager's knowledge, identifying resources to resolve issues,
and expanding their business network.
Answer 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.
2.An owner can be directly affected by manager's.....
Answer Improper handling of evictions, unlawful rent collections, failure
to return security deposits, not maintaining proper compliance with the
Rental Accommodations Division (RAD)
3.Reasons for termination of Management Agreement
Answer Sale or transfer of the property, improper financial reporting,
stealing funds, negligence, taking kickbacks or benefiting directly from
discounts from vendors, commingling funds.
4.What is the designation of the National Association of Real Estate
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10
, Brokers, Inc (Nareb)?
Answer Realtist
5.Alternatives to consider when making different improvements or when
redeveloping a property
Answer 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.
6.Actions that could put management company and owner at risk include
Answer
- Improper handling of evictions, unlawful rent collections, failure to
return security deposit, not maintaining proper compliance with Rental
Accommodations Division (RAD).
7.Property Manager's are entrusted to look after other people's money
this includes
Answer
Opening Bank Accounts, promptly depositing all receipts, and paying
vendors when all services are completed.
8.Physical Inspections
Answer Is a method used to evaluate the property's condition &
equipment as well as being the first step to develop a plan to address
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10
Only Test) Questions and Answers
1.Organizational and educational programs available to assist in enhancing
the property manager's knowledge, identifying resources to resolve issues,
and expanding their business network.
Answer 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.
2.An owner can be directly affected by manager's.....
Answer Improper handling of evictions, unlawful rent collections, failure
to return security deposits, not maintaining proper compliance with the
Rental Accommodations Division (RAD)
3.Reasons for termination of Management Agreement
Answer Sale or transfer of the property, improper financial reporting,
stealing funds, negligence, taking kickbacks or benefiting directly from
discounts from vendors, commingling funds.
4.What is the designation of the National Association of Real Estate
1/
10
, Brokers, Inc (Nareb)?
Answer Realtist
5.Alternatives to consider when making different improvements or when
redeveloping a property
Answer 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.
6.Actions that could put management company and owner at risk include
Answer
- Improper handling of evictions, unlawful rent collections, failure to
return security deposit, not maintaining proper compliance with Rental
Accommodations Division (RAD).
7.Property Manager's are entrusted to look after other people's money
this includes
Answer
Opening Bank Accounts, promptly depositing all receipts, and paying
vendors when all services are completed.
8.Physical Inspections
Answer Is a method used to evaluate the property's condition &
equipment as well as being the first step to develop a plan to address
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10
