DC Property Manager Exam
Complete Questions and Guide Answers
100% Verified Graded A+
1. Management Plan
Answer> 1. Current use
2. Current condition
3. Fiscal projections
4. Operational issues
2. Market Analysis
Answer> Regional and neighborhood evaluation focusing on
1. Demographic conditions
2. Geographic features
3. Governmental perspective
4. Existing real estate supply
5. Future developments
6. Tenant demand
,3. Analysis of Alternatives
Answer> Theoretical costs and potential for rent increase based on decision to
1. Modernize
2. Rehabilitate
3. Change
4. Convert
4. Capital Expenditures
Answer> Projects that help extend a properties useful life.
5. Three Types of Obsolescence
Answer> 1. Physical Obsolescence is characterized as a condition of aging (i.e. wear and tear)
or deferred maintenance.
2. Functional Obsolescence is characterized by old or outdated designs or building systems.
3. Economic Obsolescence represents a loss in value due to outside forces (i.e. location, market conditions).
6. Five Types of Property Values
Answer> 1. Investment Value - 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.
2. Assessed Value - This is the value used by government tax assessment oflces. 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".
3. Market Value - This is the value that is agreed to between a buyer and seller. It represents the "meeting of t
minds".
4. Depreciated Value - This is used for income tax purposes and attects a property's tax basis. In the past,
the Federal Government has implemented accelerated depreciation programs to help promote economic
growth.
5. List price - This is only the price that the owner has ottered to sell a property for.
7. Rules of Ethics
Answer> 1. Loyalty to the client
2. Confidentiality
3. Accurate accounting and reporting
4. Protection of owner's funds
5. Conflicts of interest
6. Compliance with Laws and Regulations
8. Management Agreement
Complete Questions and Guide Answers
100% Verified Graded A+
1. Management Plan
Answer> 1. Current use
2. Current condition
3. Fiscal projections
4. Operational issues
2. Market Analysis
Answer> Regional and neighborhood evaluation focusing on
1. Demographic conditions
2. Geographic features
3. Governmental perspective
4. Existing real estate supply
5. Future developments
6. Tenant demand
,3. Analysis of Alternatives
Answer> Theoretical costs and potential for rent increase based on decision to
1. Modernize
2. Rehabilitate
3. Change
4. Convert
4. Capital Expenditures
Answer> Projects that help extend a properties useful life.
5. Three Types of Obsolescence
Answer> 1. Physical Obsolescence is characterized as a condition of aging (i.e. wear and tear)
or deferred maintenance.
2. Functional Obsolescence is characterized by old or outdated designs or building systems.
3. Economic Obsolescence represents a loss in value due to outside forces (i.e. location, market conditions).
6. Five Types of Property Values
Answer> 1. Investment Value - 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.
2. Assessed Value - This is the value used by government tax assessment oflces. 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".
3. Market Value - This is the value that is agreed to between a buyer and seller. It represents the "meeting of t
minds".
4. Depreciated Value - This is used for income tax purposes and attects a property's tax basis. In the past,
the Federal Government has implemented accelerated depreciation programs to help promote economic
growth.
5. List price - This is only the price that the owner has ottered to sell a property for.
7. Rules of Ethics
Answer> 1. Loyalty to the client
2. Confidentiality
3. Accurate accounting and reporting
4. Protection of owner's funds
5. Conflicts of interest
6. Compliance with Laws and Regulations
8. Management Agreement
