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Property Management Mock Exam #4/ 100 Qs with Certified Ans. What type of relationship do colleges, large corporations, and private institutions that require the services of a property manager for their properties prefer? - Answer: Employer-employee relationship---These special purpose properties would hire an internal person with the expertise in their specific field. The fact that a property manager must put the owner's interest above the property manager's own and act without sel...

Property Management Mock Exam #4/ 100 Qs with Certified Ans. Generally, state laws require which of the following to obtain a real estate license? - Answer: An agent of a company managing property for several owners---The other three choices are exempt. To properly identify the subject property in a management contract, all of the following are correct EXCEPT - Answer: the full legal description is always required---The management contract must simply identify the property. When disbur...

Property Management Mock Exam #4/ 100 Qs with Certified Ans. The demand for professional property management around the end of the nineteenth century resulted primarily from - Answer: the invention of the high-speed elevator---Also steel framed buildings, development of suburban areas and investment opportunities. What organization awards the designation Certified Property Manager (CPM)? - Answer: Institute of Real Estate Management (IREM)---IREM offers opportunities for property managers...