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Exam 1 Intro to Property Management - Study Guide Latest Updated 2024

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Exam 1 Intro to Property Management - Study Guide Latest Updated 2024 Property Management Definition - Answer ️️ -a professional activity in which someone other than the owner supervises the operation of a property according to the owner's objectives. The operation of income-producing real estate as a business, including leasing, rent collection, maintenance of the property, and general administration (like an owner's agent) Impact of the Great Depression on the Property Management P...

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Champion Real Estate Property Management Exam with 100% Correct Answers | Verified & Updated 2024

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Champion Real Estate Property Management Exam with 100% Correct Answers | Verified & Updated 2024 4 Phases of a Business cycle - Answer ️️ -1. Prosperity 2. Recession 3. Contraction 4. Recovery When is Equilibrium reached? - Answer ️️ -when demand equals supply General Business Economy and Real Estate Economy are _______? - Answer ️️ -Cyclical Does the Real Estate Cycle or General economic cycle move faster? - Answer ️️ -Real Estate Cycle moves slower A thorough Propert...

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Commercial Property Management Exam 1 with 100% Correct Answers | Verified & Updated 2024

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Commercial Property Management Exam 1 with 100% Correct Answers | Verified & Updated 2024 Skyscrapers - Answer️️ - Real Estate Investment Trusts (REITs) - Answer️️ --An entity that sells shares of beneficial interest to investors and uses the funds to invest in real estate or real estate mortgages -Must meet certain requirements such as a minimum number of investors and widely dispersed ownership -No corporate taxes need to be paid as long as a series of complex Internal Revenues...

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Residential Property Management - Final Exam (Wells) Questions with 100% Correct Answers | Latest Update 2024

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Residential Property Management - Final Exam (Wells) Questions with 100% Correct Answers | Latest Update 2024 The on-site commercial property manager - Answer ️️ -is one of the most important members of the management team. He or she is responsible for the day-to-day operations of a single large property, such as an office building or a shopping center. (pg. 428) The commercial property manager - Answer ️️ -coordinates fire and police protection services, and emergency evacuation a...

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Property Management Mock Exam #3 Questions with Correct Answers |Verified & Updated 2024

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Property Management Mock Exam #3 Questions with Correct Answers |Verified & Updated 2024 Regarding what must be included in a property management contract, what does not belong? - Answer ️️ -The address of the property to be managed.---The property must be identified not necessarily the address. When qualifying a prospective residential tenant, the lessor should be most interested in: - Answer ️️ -The prospective tenant's rental history, credit history and income---Identification ...

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Property Management Exam 2- with complete solutions

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Property Management Exam 2- with complete solutions High tenant turnover means increases for the landlord in - Answer️️ - advertising expenses A record of lease renewal dates should be kept so that the property manager will know when to - Answer️️ - contact good tenants in an attempt to retain them The establishment of good tenant relations begins with - Answer️️ - joint inspection of the premises by the manager and tenant before move-in In which property is inspection of the ...

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Real Estate Property Management Exam Questions with Complete Solutions | Verified & Updated 2024

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Real Estate Property Management Exam Questions with Complete Solutions | Verified & Updated 2024 A kiosk is: the highest beam on a house. a unit of measurement. a free-standing information booth. an Eskimo house. - Answer ️️ -a free-standing information booth. How often may a tenant make needed repairs and deduct the amount from the rent? Never Once a year Twice a year Three times a year - Answer ️️ -Twice a year Which of the following would you associate with unlawful detain...

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DC Property Manager Exam – Questions with 100% Correct Answers | Updated 2024

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DC Property Manager Exam – Questions with 100% Correct Answers | Updated 2024 Management Plan - Answer ️️ -1. Current use 2. Current condition 3. Fiscal projections 4. Operational issues 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 Analysis of Alternatives - Answer ️️ -Theoretical costs and...

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Property Management Exam Questions with Complete Solutions | 100% Correct | Updated 2024

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Property Management Exam Questions with Complete Solutions | 100% Correct | Updated 2024 The basic goal of the professional property manager is to 1. maintain the property in as perfect a condition as possible. 2. get the highest possible long-term, net return. 3. obtain tenants who will stay for long periods of time. 4. keep administration costs to a minimum. - Answer ️️ -2. get the highest possible long-term, net return. A property manager working for a property owner owes their cl...

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