REAL ESTATE: PROPERTY MANAGEMENT EXAM QUESTIONS WITH CORRECT ANSWERS 2026

REAL ESTATE: PROPERTY MANAGEMENT EXAM
QUESTIONS WITH CORRECT ANSWERS 2026

When a broker or property manager signs a contract to manage an owner's
property he becomes a - CORRECT ANSWER -Fiduciary


In establishing a client's trust account, a property manager must do all of the
following - CORRECT ANSWER --control the receipts and disbursements on the
account
-use pre-numbered checks for the account
-be an authorized signer on the account


An owner of real estate who engages a property manager to manage his property
must receive a copy of the signed property management agreement.... when? -
CORRECT ANSWER -PROMPTLY


If a tenant's termination of tenancy occurs at the same time as the property
manager's termination of the applicable property management agreement... -
CORRECT ANSWER -the property manager must complete a final accounting
procedure involving the tenant's security deposit unless the owner directs
otherwise.


A licensed real estate property manager may authorize...?


I. another licensed property manager to supervise his property activity in his
absence