DC PROPERTY MANAGER EXAM WITH
QUESTIONS AND 100% CORRECT
ANSWERS LATEST 2026 UPDATE
What are the three types of Obsolescence? Correct Answer 1.
Physical Obsolescence.
2. Functional Obsolescence.
3. Economic Obsolescence.
Depreciation Correct Answer the loss in value from the various
forms of obsolescence.
Market Analysis Correct 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 Correct 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? Correct Answer 1.
Investment Value
2. Assessed Value
3. Market Value
4. Depreciated Value
5. List Price
Investment Value Correct Answer This is the value that is
generally used by investors. It is frequently determined either by
calculating the Net Operating Income and applying a
Capitalization Rate to it or from Cash Flow by determining the
Return on Investment.
Assessed Value Correct Answer This is the value used by
government tax assessment offices. Since it is frequently
determined using sophisticated mathematical models that are
applied to many similar
types of properties over a geographic area, it can be less
accurate and produce results that are higher or lower than other
types of "values".
Market Value Correct Answer This is the value that is agreed to
between a buyer and seller. It represents the
"meeting of the minds".
, Depreciated Value Correct Answer This is used for income tax
purposes and affects a property's tax basis. In the past, the
Federal Government has implemented accelerated depreciation
programs to help
promote economic growth.
List Price Correct Answer This is only the price that the owner has
offered to sell a property for.
Define "Meeting of the Minds" Correct Answer
Responsibilities and Limitations of a Manager Correct Answer 1.
Loyalty to the client
2. Confidentiality
3. Accurate accounting and reporting.
4. Protection of owner's funds. ( no commingling of funds)
5. Conflicts of interest
6. Compliance with laws and regulations.
Comparison Analysis Correct Answer Determines if the subject
property's rental rates are appropriate for the market; should
include:
1. Age of Properties
QUESTIONS AND 100% CORRECT
ANSWERS LATEST 2026 UPDATE
What are the three types of Obsolescence? Correct Answer 1.
Physical Obsolescence.
2. Functional Obsolescence.
3. Economic Obsolescence.
Depreciation Correct Answer the loss in value from the various
forms of obsolescence.
Market Analysis Correct 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 Correct 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? Correct Answer 1.
Investment Value
2. Assessed Value
3. Market Value
4. Depreciated Value
5. List Price
Investment Value Correct Answer This is the value that is
generally used by investors. It is frequently determined either by
calculating the Net Operating Income and applying a
Capitalization Rate to it or from Cash Flow by determining the
Return on Investment.
Assessed Value Correct Answer This is the value used by
government tax assessment offices. Since it is frequently
determined using sophisticated mathematical models that are
applied to many similar
types of properties over a geographic area, it can be less
accurate and produce results that are higher or lower than other
types of "values".
Market Value Correct Answer This is the value that is agreed to
between a buyer and seller. It represents the
"meeting of the minds".
, Depreciated Value Correct Answer This is used for income tax
purposes and affects a property's tax basis. In the past, the
Federal Government has implemented accelerated depreciation
programs to help
promote economic growth.
List Price Correct Answer This is only the price that the owner has
offered to sell a property for.
Define "Meeting of the Minds" Correct Answer
Responsibilities and Limitations of a Manager Correct Answer 1.
Loyalty to the client
2. Confidentiality
3. Accurate accounting and reporting.
4. Protection of owner's funds. ( no commingling of funds)
5. Conflicts of interest
6. Compliance with laws and regulations.
Comparison Analysis Correct Answer Determines if the subject
property's rental rates are appropriate for the market; should
include:
1. Age of Properties
