REAL PROPERTY MANAGEMENT PREPARATION PACK COMPLETE QUESTIONS AND VERIFIED CORRECT SOLUTIONS

REAL PROPERTY MANAGEMENT
PREPARATION PACK COMPLETE
QUESTIONS AND VERIFIED CORRECT
SOLUTIONS

●● In establishing a client's trust account, a property manager must do
all of the following
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?
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...
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
II. an unlicensed bookkeeper to supervise in his absence
Answer: I only


●● Oregon law requires that checks used to disburse funds deposited
into a clients's trust account be
Answer: pre-numbered


●● When evaluating the data in a neighborhood market survey, a
residential property manager will be most concerned with
Answer: trends in population composition


●● Property managers are responsible for...
Answer: I. protecting the condition of real estate
II. maximizing income from real property


●● A person licensed as a real estate property manager may accept a
finder's fee from a principal real estate broker for activity involving
Answer: the rental of real property