MPSA & CPM EXAM PREP TUTORIAL
QUESTIONS AND ANSWERS
A management plan consists of two types of midstream analyses:
1.
2. - Correct Answers -1. As Is Analysis
2. Alternative Analysis
3 Parts of the As Is Analysis
1.
2.
3. - Correct Answers -1. Property Analysis
2. Financial Analysis
3. Market Analysis
2 Parts of the property analysis portion of the As Is Analysis - Correct Answers -1.
Physical Description
2. Management Description
4 parts of the financial analysis of the As Is Analysis - Correct Answers -1. Operating
History and Pro Forma
2. Current Market Value and Equity
3. Loan Analysis
4. Four Tests: cash on cash, value enhancement, NPV, and IRR
3 parts of the market analysis of the As Is Analysis - Correct Answers -1. Region
Analysis
2. Neighborhood Analysis
3. Marketing Plan
This is essentially a "mini plan." It should be 2-3 pages long and should restate the key
points of each section of the plan. - Correct Answers -Executive Summary
1st part of the executive summary includes: - Correct Answers -owner, goals, and
property
, Which of the following is a method of appraisal in which a property's value does not
exceed the value of a building and the land it sits on? - Correct Answers -Cost approach
True/False:
Under title theory, title to the mortgaged property remains with the borrower and a claim
upon the property is given to the lender by means of the mortgage - Correct Answers -
False
___________________ is the amount of money lost due to contract (actual) rents being
less than maximum market rents - Correct Answers -loss to lease
2nd part of the executive summary includes: - Correct Answers -summaries of the keys
points of each section in the 1st paragraph
Conclusion of the executive summary includes: - Correct Answers -final
recommendation for ownership
Define:
Amount of space available in the market - Correct Answers -Supply
Define:
Net change in the amount of occupied space from one period to the next - Correct
Answers -Absorption
Define:
Occupancy rate at which rents are just sufficient to cover expenses and debt service -
Correct Answers -Break-Even Point
Define:
Amount of occupied space and vacancy expected when market rents are stable -
Correct Answers -Demand
Define:
A building's percentage of the total supply in the area - Correct Answers -Market Share
Which of the following are types of rent setting methods? - Correct Answers -A & B
The ________________ of an advertising medium should be the largest possible
amount of prospects within the target market - Correct Answers -reach
What report logs each prospect's visit to a property or contact had with that prospect? -
Correct Answers -Traffic Report
Which law protects public from aggressive third party debt collectors? - Correct Answers
-Fair Debt Collection Practices Act
QUESTIONS AND ANSWERS
A management plan consists of two types of midstream analyses:
1.
2. - Correct Answers -1. As Is Analysis
2. Alternative Analysis
3 Parts of the As Is Analysis
1.
2.
3. - Correct Answers -1. Property Analysis
2. Financial Analysis
3. Market Analysis
2 Parts of the property analysis portion of the As Is Analysis - Correct Answers -1.
Physical Description
2. Management Description
4 parts of the financial analysis of the As Is Analysis - Correct Answers -1. Operating
History and Pro Forma
2. Current Market Value and Equity
3. Loan Analysis
4. Four Tests: cash on cash, value enhancement, NPV, and IRR
3 parts of the market analysis of the As Is Analysis - Correct Answers -1. Region
Analysis
2. Neighborhood Analysis
3. Marketing Plan
This is essentially a "mini plan." It should be 2-3 pages long and should restate the key
points of each section of the plan. - Correct Answers -Executive Summary
1st part of the executive summary includes: - Correct Answers -owner, goals, and
property
, Which of the following is a method of appraisal in which a property's value does not
exceed the value of a building and the land it sits on? - Correct Answers -Cost approach
True/False:
Under title theory, title to the mortgaged property remains with the borrower and a claim
upon the property is given to the lender by means of the mortgage - Correct Answers -
False
___________________ is the amount of money lost due to contract (actual) rents being
less than maximum market rents - Correct Answers -loss to lease
2nd part of the executive summary includes: - Correct Answers -summaries of the keys
points of each section in the 1st paragraph
Conclusion of the executive summary includes: - Correct Answers -final
recommendation for ownership
Define:
Amount of space available in the market - Correct Answers -Supply
Define:
Net change in the amount of occupied space from one period to the next - Correct
Answers -Absorption
Define:
Occupancy rate at which rents are just sufficient to cover expenses and debt service -
Correct Answers -Break-Even Point
Define:
Amount of occupied space and vacancy expected when market rents are stable -
Correct Answers -Demand
Define:
A building's percentage of the total supply in the area - Correct Answers -Market Share
Which of the following are types of rent setting methods? - Correct Answers -A & B
The ________________ of an advertising medium should be the largest possible
amount of prospects within the target market - Correct Answers -reach
What report logs each prospect's visit to a property or contact had with that prospect? -
Correct Answers -Traffic Report
Which law protects public from aggressive third party debt collectors? - Correct Answers
-Fair Debt Collection Practices Act
