Property Management Questions and Answers Already Passed

Property Management Questions and Answers Already Passed What made it possible to build tall buildings on relatively small parcels of urban land? (a)Steel frame building and the perfection of the electric elevator (b)Advances in the pulley systems (c)The expansion of public transportation (d)The increase in automobile ownership a)Steel frame building and the perfection of the electric elevator For the purposes of studying specialized property management, real estate can be divided into four major classifications. Those classifications are residential, commercial, industrial, and ______. (a)special-purpose (b)warehouse-only (c)apartments (d)agricultural (A)special purpose Which is the most popular form of residential property in the United States? (a)Manufactured homes (b)Single-family homes (c)Apartment buildings (d)HUD homes (B) single-family homes Which of the following are considered multifamily residential real estate? (a)Walkup buildings (b)Garden developments (c)Highrise buildings (d)All of these D) all of these The two primary categories of commercial real estate include office property and ______. (a)single-tenant property (b)institutional property (c)retail property (d)multiple-use property C) retail property The success or failure of a shopping center often hinges on the property manager's ability to ______. (a)assess the market. (b)conduct sales promotion and public relations. (c)act swiftly and decisively. (d)all of these. D) all of these Heavy manufacturing, light manufacturing, and storage are types of ______. (a)industrial parks (b)industrial property (c)loft buildings (d)warehouse buildings b) industrial property Which types of properties are typically managed internally by members of a particular business or organization? (a)Ministorage facilities (b)Residential (c)Special-purpose (d)Industrial C) special-purpose Who may be called upon to decide when a property should be sold? (a)A concierge (b)An asset manager (c)A traditional property manager (d)A corporate property manager B) an asset manager Why do corporations need corporate property managers? (a)Because real estate is not their main occupation (b)Because they do not understand leasing rules (c)Because they lack the technology (d)Because they want to downsize a)Because real estate is not their main occupation Independent property managers who work for several owners are often referred to as ______. (a)economists (b)involved community members (c)third-party managers