DC PROPERTY MANAGERS EXAM QUESTIONS AND ANSWERS 2025/2026

DC PROPERTY MANAGERS EXAM QUESTIONS AND ANSWERS 2025/2026 What are the three types of Obsolescence? - Answer -1. Physical Obsolescence. 2. Functional Obsolescence. 3. Economic Obsolescence. Depreciation - Answer -the loss in value from the various forms of obsolescence. Market Analysis - Answer -Identifying the properties strengths and weaknesses in an effort to improve overall economic performance; also known an determining the properties highest and best use. Analysis of Alternatives - Answer -Identifying theoretical costs associated with corresponding increases in rent; analyzing the costs associated with improvements that could increase the overall value of the property. Example: Modernizing/updating the property's finishes for the purposes of gaining premium rents. What are the 5 Types of Property Values? - An