REAL ESTATE PROPERTY MANAGEMENT
ACTUAL EXAM 2026 QUESTIONS WITH
ANSWERS GRADED A+
◉ An Advisory Services Specialist would be a member of _______.
Answer: SIOR
◉ Which organization would you turn to in order to obtain rental forms
for Texas apartment housing? Answer: TAA
◉ Which of the following factors is unimportant in determining the
amount of rent a landlord could charge? Answer: Corporate entity
◉ What should a landlord do if it becomes necessary to reduce rent to
fill vacancies? Answer: Reduce the length of lease terms
◉ When a property manager has funds in an account designed to pay for
emergency items, the account is known as a ________. Answer: Reserve
◉ Who maintains the physical integrity of the property and develops a
plan for building adequate reserves for replacement? Answer: The
property manager
, ◉ If there is a person who works for both the property owner and the
property manager, what document defines whose employee the person
is? Answer: The management agreement
◉ What is the most important thing to do when implementing a
marketing plan? Answer: stay with the plan long enough for it to work
◉ Regulation Z is which of the following? Answer: The Truth in
Lending Act
◉ When marketing residential properties, direct mail should be used
_____________. Answer: to reach specific audiences
◉ What could the rent increase be tied to? Answer: The Consumer Price
Index (CPI)
◉ What is the component of the business plan that includes staffing,
startup budget, and sales forecasts? Answer: The Financial Plans
◉ What item will most likely be the most expensive equipment for the
office? Answer: Telephones
ACTUAL EXAM 2026 QUESTIONS WITH
ANSWERS GRADED A+
◉ An Advisory Services Specialist would be a member of _______.
Answer: SIOR
◉ Which organization would you turn to in order to obtain rental forms
for Texas apartment housing? Answer: TAA
◉ Which of the following factors is unimportant in determining the
amount of rent a landlord could charge? Answer: Corporate entity
◉ What should a landlord do if it becomes necessary to reduce rent to
fill vacancies? Answer: Reduce the length of lease terms
◉ When a property manager has funds in an account designed to pay for
emergency items, the account is known as a ________. Answer: Reserve
◉ Who maintains the physical integrity of the property and develops a
plan for building adequate reserves for replacement? Answer: The
property manager
, ◉ If there is a person who works for both the property owner and the
property manager, what document defines whose employee the person
is? Answer: The management agreement
◉ What is the most important thing to do when implementing a
marketing plan? Answer: stay with the plan long enough for it to work
◉ Regulation Z is which of the following? Answer: The Truth in
Lending Act
◉ When marketing residential properties, direct mail should be used
_____________. Answer: to reach specific audiences
◉ What could the rent increase be tied to? Answer: The Consumer Price
Index (CPI)
◉ What is the component of the business plan that includes staffing,
startup budget, and sales forecasts? Answer: The Financial Plans
◉ What item will most likely be the most expensive equipment for the
office? Answer: Telephones
