DC Property Managers Study Guide (DC
Only Test) 2026 Actual Questions with
Verified Answers Latest 2026/2027 Update
100% Correct A+ GRADE
Organizational and educational programs available to assist in enhancing the property
manager's knowledge, identifying resources to resolve issues, and expanding their
business network. - correct 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.
An owner can be directly affected by manager's..... - correct answer Improper handling
of evictions, unlawful rent collections, failure to return security deposits, not
maintaining proper compliance with the Rental Accommodations Division (RAD)
,Reasons for termination of Management Agreement - correct answer Sale or transfer
of the property, improper financial reporting, stealing funds, negligence, taking
kickbacks or benefiting directly from discounts from vendors, commingling funds.
What is the designation of the National Association of Real Estate Brokers, Inc
(Nareb)? - correct answer Realtist
Alternatives to consider when making different improvements or when redeveloping a
property - correct 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.
Actions that could put management company and owner at risk include: - correct
answer Improper handling of evictions, unlawful rent collections, failure to return
, security deposit, not maintaining proper compliance with Rental Accommodations
Division (RAD).
Property Manager's are entrusted to look after other people's money this includes: -
correct answer Opening Bank Accounts, promptly depositing all receipts, and paying
vendors when all services are completed.
Physical Inspections - correct 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 any
issues.
When should an inspection be performed after a resident has moved out? - correct
answer Ideally the same day.
Only Test) 2026 Actual Questions with
Verified Answers Latest 2026/2027 Update
100% Correct A+ GRADE
Organizational and educational programs available to assist in enhancing the property
manager's knowledge, identifying resources to resolve issues, and expanding their
business network. - correct 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.
An owner can be directly affected by manager's..... - correct answer Improper handling
of evictions, unlawful rent collections, failure to return security deposits, not
maintaining proper compliance with the Rental Accommodations Division (RAD)
,Reasons for termination of Management Agreement - correct answer Sale or transfer
of the property, improper financial reporting, stealing funds, negligence, taking
kickbacks or benefiting directly from discounts from vendors, commingling funds.
What is the designation of the National Association of Real Estate Brokers, Inc
(Nareb)? - correct answer Realtist
Alternatives to consider when making different improvements or when redeveloping a
property - correct 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.
Actions that could put management company and owner at risk include: - correct
answer Improper handling of evictions, unlawful rent collections, failure to return
, security deposit, not maintaining proper compliance with Rental Accommodations
Division (RAD).
Property Manager's are entrusted to look after other people's money this includes: -
correct answer Opening Bank Accounts, promptly depositing all receipts, and paying
vendors when all services are completed.
Physical Inspections - correct 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 any
issues.
When should an inspection be performed after a resident has moved out? - correct
answer Ideally the same day.
