Property Management Exam 2025
Questions and Answers 100% Pass
The basic goal of the professional property manager is to
1. maintain the property in as perfect a condition as possible.
2. get the highest possible long-term, net return.
3. obtain tenants who will stay for long periods of time.
4. keep administration costs to a minimum. - ✔✔2. get the highest possible long-
term, net return.
A property manager working for a property owner owes their client which of the
following duties?
1. Loyalty, confidentiality and reasonable care.
2. Loyalty, confidentiality while under contract, and reasonable care.
COPYRIGHT © 2025 BY SOPHIA BENNETT, ALL RIGHTS RESERVED 1
,3. Loyalty, confidentiality, reasonable care and honesty and trustworthy when
handling the owners funds.
4. Loyalty, confidentiality, reasonable care, honesty and trustworthy when handling
the owners funds by using a Clients' Trust account for both depositing and
disbursing funds. - ✔✔4. Loyalty, confidentiality, reasonable care, honesty and
trustworthy when handling the owners funds by using a Clients' Trust account for
both depositing and disbursing funds.
To abide by Oregon Administrative Rules a properly drafted property management
agreement should include which of the following?
1. A legal description of the property and a separate sale agreement if the owner
should choose to sell at some time during the signed management agreement.
2. A beginning and ending date and a provision for termination prior to the end
date.
3. Instructions on how to obtain funds from the owner's personal banking account to
cover unexpected fees or charges.
4. A list of former tenants. - ✔✔2. A beginning and ending date and a provision for
termination prior to the end date.
COPYRIGHT © 2025 BY SOPHIA BENNETT, ALL RIGHTS RESERVED 2
,Which of the following is NOT a common characteristic for management
agreements?
1. Names of parties to the agreement
2. Provision for monthly reports
3. Specification for management fees
4. Long-term contract period - ✔✔4. Long-term contract period
A property manager
1. is obligated to ensure maximum occupancy .
2. must provide the highest level of tenant services, without regard to cost.
3. must keep rents slightly higher than market rates to avoid overcrowding.
4. must increase gross receipts in a period of rising and continuing
COPYRIGHT © 2025 BY SOPHIA BENNETT, ALL RIGHTS RESERVED 3
, vacancies. - ✔✔1. is obligated to ensure maximum occupancy .
A property manager's duties typically include all but which one of the following?
1. Collecting rents
2. Making minor repairs
3. Marketing vacant space
4. Investing profits from client's properties - ✔✔4. Investing profits from client's
properties
Property Manager Obligations
1. A property manager has affirmative obligations to the property owner.
2. A property manager has affirmative obligations to the property owner and the
tenants of the property. - ✔✔1. A property manager has affirmative obligations to
the property owner.
Under Oregon law, in a month-to-month tenancy, the landlord has a right to
1. terminate a tenant's occupancy after 30 days' written notice.
2. show the unit to a prospective renter without giving the tenant prior notice.
COPYRIGHT © 2025 BY SOPHIA BENNETT, ALL RIGHTS RESERVED 4
Questions and Answers 100% Pass
The basic goal of the professional property manager is to
1. maintain the property in as perfect a condition as possible.
2. get the highest possible long-term, net return.
3. obtain tenants who will stay for long periods of time.
4. keep administration costs to a minimum. - ✔✔2. get the highest possible long-
term, net return.
A property manager working for a property owner owes their client which of the
following duties?
1. Loyalty, confidentiality and reasonable care.
2. Loyalty, confidentiality while under contract, and reasonable care.
COPYRIGHT © 2025 BY SOPHIA BENNETT, ALL RIGHTS RESERVED 1
,3. Loyalty, confidentiality, reasonable care and honesty and trustworthy when
handling the owners funds.
4. Loyalty, confidentiality, reasonable care, honesty and trustworthy when handling
the owners funds by using a Clients' Trust account for both depositing and
disbursing funds. - ✔✔4. Loyalty, confidentiality, reasonable care, honesty and
trustworthy when handling the owners funds by using a Clients' Trust account for
both depositing and disbursing funds.
To abide by Oregon Administrative Rules a properly drafted property management
agreement should include which of the following?
1. A legal description of the property and a separate sale agreement if the owner
should choose to sell at some time during the signed management agreement.
2. A beginning and ending date and a provision for termination prior to the end
date.
3. Instructions on how to obtain funds from the owner's personal banking account to
cover unexpected fees or charges.
4. A list of former tenants. - ✔✔2. A beginning and ending date and a provision for
termination prior to the end date.
COPYRIGHT © 2025 BY SOPHIA BENNETT, ALL RIGHTS RESERVED 2
,Which of the following is NOT a common characteristic for management
agreements?
1. Names of parties to the agreement
2. Provision for monthly reports
3. Specification for management fees
4. Long-term contract period - ✔✔4. Long-term contract period
A property manager
1. is obligated to ensure maximum occupancy .
2. must provide the highest level of tenant services, without regard to cost.
3. must keep rents slightly higher than market rates to avoid overcrowding.
4. must increase gross receipts in a period of rising and continuing
COPYRIGHT © 2025 BY SOPHIA BENNETT, ALL RIGHTS RESERVED 3
, vacancies. - ✔✔1. is obligated to ensure maximum occupancy .
A property manager's duties typically include all but which one of the following?
1. Collecting rents
2. Making minor repairs
3. Marketing vacant space
4. Investing profits from client's properties - ✔✔4. Investing profits from client's
properties
Property Manager Obligations
1. A property manager has affirmative obligations to the property owner.
2. A property manager has affirmative obligations to the property owner and the
tenants of the property. - ✔✔1. A property manager has affirmative obligations to
the property owner.
Under Oregon law, in a month-to-month tenancy, the landlord has a right to
1. terminate a tenant's occupancy after 30 days' written notice.
2. show the unit to a prospective renter without giving the tenant prior notice.
COPYRIGHT © 2025 BY SOPHIA BENNETT, ALL RIGHTS RESERVED 4
