BRAINSCAPE1
DC Property Managers Exam with
complete solutions latest version
Organizational and educational programs available to assist in enhancing the property
manager's knowledge, identifying resources to resolve issues, and expanding their
business network. - CORRECT ANSWER-Institute of Real Estate Management (IREM),
National Association of Realtors (NAR), Greater Capital Area Association of Realtors
(GCARR), building Owners & Managers Association (BOMA), National Association of
Real Estate Brokers, International Council of Shopping Centers (ICSC), and National
Property Management Association.
An owner can be directly affected by manager's..... - CORRECT ANSWER-Improper
handling of evictions, unlawful rent collections, failure to return security deposits, not
maintaining proper compliance with the Rental Accommodations Division (RAD)
Reasons for termination of Management Agreement - CORRECT ANSWER-Sale or
transfer of the property, improper financial reporting, stealing funds, negligence, taking
kickbacks or benefiting directly from discounts from vendors, commingling funds.
What is the designation of the National Association of Real Estate Brokers, Inc (Nareb)?
- CORRECT ANSWER-Realtist
Alternatives to consider when making different improvements or when redeveloping a
property - CORRECT ANSWER-Rehabilitation without altering existing use, Modernize
the property by updating finishes, Change the use of building, including converting to
another property type, or demolishing for new development, or Conversion to a condo
ownership structure.
Actions that could put management company and owner at risk include: - CORRECT
ANSWER-Improper handling of evictions, unlawful rent collections, failure to return
security deposit, not maintaining proper compliance with Rental Accommodations
Division (RAD).
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Property Manager's are entrusted to look after other people's money this includes: -
CORRECT ANSWER-Opening Bank Accounts, promptly depositing all receipts, and
paying vendors when all services are completed.
Physical Inspections - CORRECT ANSWER-Is a method used to evaluate the
property's condition & equipment as well as being the first step to develop a plan to
address any issues.
When should an inspection be performed after a resident has moved out? - CORRECT
ANSWER-Ideally the same day.
Some areas to regular inspect include - CORRECT ANSWER-Roofs- look for pondering
water, holes, and debris; Parking Lots- look for pavement alligator, loose graveling,
potholes Front Entrance- look for trip hazards, cracked windows; Exterior Facades-
failed caulking, loose concrete, crack windows.
In order to generate a list of what to be inspected on a property - CORRECT ANSWER-
A walk-through of the property and all of the areas related to its mechanical, electrical,
telephone, and life safety equipment needs to be conducted. Frequency of inspections
are determined annually, semi-annually, quarterly, and monthly.
Request For Proposal or RPF - CORRECT ANSWER-To develop a clear and thorough
specification for contracts to bid on is called
What is included in an RPF? - CORRECT ANSWER-Scope of work, how is to be
performed, frequency, special requirements, work hours, timetable to complete,
insurance requirements, deadline for submission, number of personnel to be provided,
warranty, & references.
Before marketing an available space or unit, - CORRECT ANSWER-Be sure that it is
clean and presentable and that the owner has approved all marketing plans.
What is a legal reason for a landlord to evict a tenant? - CORRECT ANSWER-Landlord
wants to occupy the rental unit.
All evictions except non-payment of rent must be filed with - CORRECT ANSWER-
Rental Accommodations Division (RAD)
A landlord may evict a tenant for only one of ten statutory reasons some of those
reasons include - CORRECT ANSWER-Nonpayment of rent, Violation of an obligation
of tenancy, of which the tenant failed to correct after notice; Tenant performed as illegal
act within the rental unit.
A property's foreclosure in not - CORRECT ANSWER-A legal basis to evict tenant.
Should an eviction occur, there is no change in tenant's rights.
BRAINSCAPE1
DC Property Managers Exam with
complete solutions latest version
Organizational and educational programs available to assist in enhancing the property
manager's knowledge, identifying resources to resolve issues, and expanding their
business network. - CORRECT ANSWER-Institute of Real Estate Management (IREM),
National Association of Realtors (NAR), Greater Capital Area Association of Realtors
(GCARR), building Owners & Managers Association (BOMA), National Association of
Real Estate Brokers, International Council of Shopping Centers (ICSC), and National
Property Management Association.
An owner can be directly affected by manager's..... - CORRECT ANSWER-Improper
handling of evictions, unlawful rent collections, failure to return security deposits, not
maintaining proper compliance with the Rental Accommodations Division (RAD)
Reasons for termination of Management Agreement - CORRECT ANSWER-Sale or
transfer of the property, improper financial reporting, stealing funds, negligence, taking
kickbacks or benefiting directly from discounts from vendors, commingling funds.
What is the designation of the National Association of Real Estate Brokers, Inc (Nareb)?
- CORRECT ANSWER-Realtist
Alternatives to consider when making different improvements or when redeveloping a
property - CORRECT ANSWER-Rehabilitation without altering existing use, Modernize
the property by updating finishes, Change the use of building, including converting to
another property type, or demolishing for new development, or Conversion to a condo
ownership structure.
Actions that could put management company and owner at risk include: - CORRECT
ANSWER-Improper handling of evictions, unlawful rent collections, failure to return
security deposit, not maintaining proper compliance with Rental Accommodations
Division (RAD).
BRAINSCAPE1
, BRAINSCAPE1
Property Manager's are entrusted to look after other people's money this includes: -
CORRECT ANSWER-Opening Bank Accounts, promptly depositing all receipts, and
paying vendors when all services are completed.
Physical Inspections - CORRECT ANSWER-Is a method used to evaluate the
property's condition & equipment as well as being the first step to develop a plan to
address any issues.
When should an inspection be performed after a resident has moved out? - CORRECT
ANSWER-Ideally the same day.
Some areas to regular inspect include - CORRECT ANSWER-Roofs- look for pondering
water, holes, and debris; Parking Lots- look for pavement alligator, loose graveling,
potholes Front Entrance- look for trip hazards, cracked windows; Exterior Facades-
failed caulking, loose concrete, crack windows.
In order to generate a list of what to be inspected on a property - CORRECT ANSWER-
A walk-through of the property and all of the areas related to its mechanical, electrical,
telephone, and life safety equipment needs to be conducted. Frequency of inspections
are determined annually, semi-annually, quarterly, and monthly.
Request For Proposal or RPF - CORRECT ANSWER-To develop a clear and thorough
specification for contracts to bid on is called
What is included in an RPF? - CORRECT ANSWER-Scope of work, how is to be
performed, frequency, special requirements, work hours, timetable to complete,
insurance requirements, deadline for submission, number of personnel to be provided,
warranty, & references.
Before marketing an available space or unit, - CORRECT ANSWER-Be sure that it is
clean and presentable and that the owner has approved all marketing plans.
What is a legal reason for a landlord to evict a tenant? - CORRECT ANSWER-Landlord
wants to occupy the rental unit.
All evictions except non-payment of rent must be filed with - CORRECT ANSWER-
Rental Accommodations Division (RAD)
A landlord may evict a tenant for only one of ten statutory reasons some of those
reasons include - CORRECT ANSWER-Nonpayment of rent, Violation of an obligation
of tenancy, of which the tenant failed to correct after notice; Tenant performed as illegal
act within the rental unit.
A property's foreclosure in not - CORRECT ANSWER-A legal basis to evict tenant.
Should an eviction occur, there is no change in tenant's rights.
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