CHAMPIONS TEXAS PRINCIPLES OF REAL ESTATE 2 CHAPTER
QUIZZES AND ANSWERS WITH COMPLETE SOLUTIONS
The _____ lists all cash that came into and all expenses incurred by a
property during the reporting period.
a. Property management agreement
b. Bank statement
c. Cash flow report
d. Leasing agreement - ANSWER c. Cash flow report
(chapter 7)
When a property is not well-maintained, the result is:
a. Preventive maintenance
b. Deferred maintenance
c. Escalation clauses
d. Assignment and sublet - ANSWER b. Deferred Maintenance
(chapter 7)
, BOMA's major concern is advocacy on the part of:
a. Building owners and managers.
b. Landlords and tenants
c. Employment law and managers
d. None of these are correct. - ANSWER a. Building owners and
Managers.
(chapter 7)
Which of the following defines the rights and obligations of both
landlord and tenant in the leasing of residential and commercial
properties?
a. Statute of Frauds
b. Landlord and Tenant Act
c. Federal Fair Housing Act
d. TREC statutes - ANSWER b. landlord and Tenant Act
(chapter 6)
A(n) ______ is a lease of property where the landlord pays charges
regularly incurred in ownership, such as taxes, insurance, utilities, and
repairs. The tenant pays only rent.
QUIZZES AND ANSWERS WITH COMPLETE SOLUTIONS
The _____ lists all cash that came into and all expenses incurred by a
property during the reporting period.
a. Property management agreement
b. Bank statement
c. Cash flow report
d. Leasing agreement - ANSWER c. Cash flow report
(chapter 7)
When a property is not well-maintained, the result is:
a. Preventive maintenance
b. Deferred maintenance
c. Escalation clauses
d. Assignment and sublet - ANSWER b. Deferred Maintenance
(chapter 7)
, BOMA's major concern is advocacy on the part of:
a. Building owners and managers.
b. Landlords and tenants
c. Employment law and managers
d. None of these are correct. - ANSWER a. Building owners and
Managers.
(chapter 7)
Which of the following defines the rights and obligations of both
landlord and tenant in the leasing of residential and commercial
properties?
a. Statute of Frauds
b. Landlord and Tenant Act
c. Federal Fair Housing Act
d. TREC statutes - ANSWER b. landlord and Tenant Act
(chapter 6)
A(n) ______ is a lease of property where the landlord pays charges
regularly incurred in ownership, such as taxes, insurance, utilities, and
repairs. The tenant pays only rent.
