DC Property Manager Exam – Questions
with 100% Correct Answers | Updated
2026
Management Plan
This describes in detail the subject property's current use along with its physical
condition, fiscal projections, and any operational issues. It also includes an
analysis of the market (both regional and neighborhood), the competing
properties, as well as potential improvements or alternative uses for the subject
property.
Market Analysis
This focuses on both a regional and neighborhood evaluation, which includes the
demographic conditions, geographic features, governmental prospective, existing
real estate supply, potential future developments, and tenant/resident demand.
Analysis of Alternatives
This looks at the theoretical costs and corresponding increase in rents by making
different improvements, even the subject property's redevelopment.
, Capital Expenditures
Work performed on properties that are occupied and operational with the goal of
trying to prevent the property from declining and becoming obsolete.
Physical Obsolescence
A Status Characterized As A Condition Of Aging (I.E. Wear And Tear) Or Deferred
Maintenance. Examples Are Worn Carpets, Peeling Paint, A Leaking Roof, Or Dead
Landscaping.
Functional Obsolescence
A Status Characterized By Old Or Outdated Designs Or Building Systems. Examples
Include Equipment That Is Not Repairable Because Parts Or No Longer
Manufactured; Single Pane Window Systems Because They Waste A Large Amount
Of Energy; Outdated Bathroom Fixtures Because Of Changing Designs And Tastes.
Economic Obsolescence
A Status That Represents A Loss In Value Due To Outside Forces (I.E. Location,
Market Conditions). An Example Would Be An Office Building, Located In A Small
Town, Where The Major Employer Closes. This May Result In Both Lower Demand
And Rental Rates.
with 100% Correct Answers | Updated
2026
Management Plan
This describes in detail the subject property's current use along with its physical
condition, fiscal projections, and any operational issues. It also includes an
analysis of the market (both regional and neighborhood), the competing
properties, as well as potential improvements or alternative uses for the subject
property.
Market Analysis
This focuses on both a regional and neighborhood evaluation, which includes the
demographic conditions, geographic features, governmental prospective, existing
real estate supply, potential future developments, and tenant/resident demand.
Analysis of Alternatives
This looks at the theoretical costs and corresponding increase in rents by making
different improvements, even the subject property's redevelopment.
, Capital Expenditures
Work performed on properties that are occupied and operational with the goal of
trying to prevent the property from declining and becoming obsolete.
Physical Obsolescence
A Status Characterized As A Condition Of Aging (I.E. Wear And Tear) Or Deferred
Maintenance. Examples Are Worn Carpets, Peeling Paint, A Leaking Roof, Or Dead
Landscaping.
Functional Obsolescence
A Status Characterized By Old Or Outdated Designs Or Building Systems. Examples
Include Equipment That Is Not Repairable Because Parts Or No Longer
Manufactured; Single Pane Window Systems Because They Waste A Large Amount
Of Energy; Outdated Bathroom Fixtures Because Of Changing Designs And Tastes.
Economic Obsolescence
A Status That Represents A Loss In Value Due To Outside Forces (I.E. Location,
Market Conditions). An Example Would Be An Office Building, Located In A Small
Town, Where The Major Employer Closes. This May Result In Both Lower Demand
And Rental Rates.
