REAL PROPERTY MANAGEMENT SKILLS ASSESSMENT SCRIPT VERIFIED QUESTIONS AND DETAILED ANSWERS

REAL PROPERTY MANAGEMENT SKILLS
ASSESSMENT SCRIPT VERIFIED QUESTIONS
AND DETAILED ANSWERS

●● Roles of a property manager
Answer: Economist


Involved community member


Facilitator of Owner's Interest


●● Definition of Real Property
Answer: a parcel of land with surface and owner's rights to the air above,
including the soil and mineral rights as well as anything attached
permanently to the land.


●● Primary functions of a property Owner
Answer: Achieve objectives of owner


generate income for owner


preserve or increase value of Investment property

, ●● shortsided owners
Answer: slumlords


milk the property


●● Roles of property manager cont'd
Answer: versatility


specialization


licensing requirements


non-standard titles


ethics


●● Residential Property
Answer: single family homes


manufactured home parks