NATIONAL BROKERAGE EXAM PREP
2025/2026 EXAM QUESTIONS AND
ANSWERS | 100% PASS
Several kinds of property exist in real estate markets, but in effect, they fall
into what two major classifications? - 🧠 ANSWER ✔✔residential and
nonresidential
__________ properties include single-family homes and multiple-family
properties such as apartments, condominiums, and co-ops. - 🧠 ANSWER
✔✔residential
Nonresidential properties are broken down into what five major
subcategories: - 🧠 ANSWER ✔✔commercial
industrial
agricultural
recreational
institutional.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
1
,Commercial real estate can be further subcategorized into what? (3 things)
- 🧠 ANSWER ✔✔office buildings
retail space
hotels/motels.
When the uses for one property are combined, it is referred to as a
__________ development. - 🧠 ANSWER ✔✔mixed-use
What are 4 important reasons why a business would choose to lease space
rather than purchase the building? - 🧠 ANSWER ✔✔more cost-effective
than owning
owning reduces flexibility
maintenance/leasing activities distracting
business downsize requires selling/leasing
A particular building's potential for generating income depends on what two
factors? - 🧠 ANSWER ✔✔ability to attract tenants
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
2
,expenses involved with operation
What is the term used for the net income produced by a specific property
after all expenses have been deducted from the gross receipts? - 🧠
ANSWER ✔✔Net operating income (NOI)
Net operating income is affected by what 3 things? - 🧠 ANSWER ✔✔market
rent
vacancies
both fixed and variable operating expenses.
Older office buildings that become obsolete frequently become available for
__________ or ___________ use. - 🧠 ANSWER ✔✔warehouse or light
industrial
What type of lease is most often used in industrial complexes? - 🧠
ANSWER ✔✔Net leases
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, What is a nonresidential property investment advantage? - 🧠 ANSWER
✔✔There is little risk of any kind of rent control.
What can be defined as the administration of rental or other property by a
person or a team of people who are acting for the owner? - 🧠 ANSWER
✔✔Property management
A property manager has a dual responsibility - to the __________ and to
the __________ of a property. - 🧠 ANSWER ✔✔owner
tenants
Types of property managers: (4 types) - 🧠 ANSWER ✔✔individual property
manager
individual building manager
resident manager
real estate asset manager
Before entering into a formal agreement, a property manager will submit a
__________ to the property owner. - 🧠 ANSWER ✔✔management
proposal
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
4
2025/2026 EXAM QUESTIONS AND
ANSWERS | 100% PASS
Several kinds of property exist in real estate markets, but in effect, they fall
into what two major classifications? - 🧠 ANSWER ✔✔residential and
nonresidential
__________ properties include single-family homes and multiple-family
properties such as apartments, condominiums, and co-ops. - 🧠 ANSWER
✔✔residential
Nonresidential properties are broken down into what five major
subcategories: - 🧠 ANSWER ✔✔commercial
industrial
agricultural
recreational
institutional.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
1
,Commercial real estate can be further subcategorized into what? (3 things)
- 🧠 ANSWER ✔✔office buildings
retail space
hotels/motels.
When the uses for one property are combined, it is referred to as a
__________ development. - 🧠 ANSWER ✔✔mixed-use
What are 4 important reasons why a business would choose to lease space
rather than purchase the building? - 🧠 ANSWER ✔✔more cost-effective
than owning
owning reduces flexibility
maintenance/leasing activities distracting
business downsize requires selling/leasing
A particular building's potential for generating income depends on what two
factors? - 🧠 ANSWER ✔✔ability to attract tenants
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
2
,expenses involved with operation
What is the term used for the net income produced by a specific property
after all expenses have been deducted from the gross receipts? - 🧠
ANSWER ✔✔Net operating income (NOI)
Net operating income is affected by what 3 things? - 🧠 ANSWER ✔✔market
rent
vacancies
both fixed and variable operating expenses.
Older office buildings that become obsolete frequently become available for
__________ or ___________ use. - 🧠 ANSWER ✔✔warehouse or light
industrial
What type of lease is most often used in industrial complexes? - 🧠
ANSWER ✔✔Net leases
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, What is a nonresidential property investment advantage? - 🧠 ANSWER
✔✔There is little risk of any kind of rent control.
What can be defined as the administration of rental or other property by a
person or a team of people who are acting for the owner? - 🧠 ANSWER
✔✔Property management
A property manager has a dual responsibility - to the __________ and to
the __________ of a property. - 🧠 ANSWER ✔✔owner
tenants
Types of property managers: (4 types) - 🧠 ANSWER ✔✔individual property
manager
individual building manager
resident manager
real estate asset manager
Before entering into a formal agreement, a property manager will submit a
__________ to the property owner. - 🧠 ANSWER ✔✔management
proposal
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
4
