DC Property Management License Exam _ Questions & Answers Study Guide 2026 1 2026-02-28
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DC Property Management
License Exam | Questions
& Answers Study Guide
2026
Page 1
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_ DC Property Management License Exam _ Questions & Answers Study Guide 2026.pdf
,DC Property Management License 2 2026-02-28
Hide definitions
The primary responsibility of a real estate property manager is to
understand and implement the owner's goals and objectives
If an apartment building has 20 one bedroom units which rent for $800 per month and 30 two
bedroom apartments which rent for $1500 per month, what is the Gross Potential Rental Income per
month?
Gross Potential Rental Income per month calculation ($800 x 20) + ($1500 x 30) =$61,000 per month
Management Plan
The plan describes in detail the subject property's intended use along with its physical condition,
fiscal projections, and any operational issues. It also includes an analysis of the market (both regional
and neighborhood), the competing properties, as well as potential improvements or alternative uses
for the subject property.
Page 2 DC Property Management License.pdf
,DC Property Management License 3 2026-02-28
Market Analysis
focuses on both a regional and neighborhood evaluation, which includes the demographic
conditions, geographic features, governmental prospective, existing real estate supply, potential
future developments, and tenant/ resident demand
Competitive Property Analysis
identifes the subject property's strengths and weaknesses
Analysis of Alternatives
theoretical costs and coresponding increase in rents by making different improvements, even the
subject property's redevelopment.
Page 3 DC Property Management License.pdf
, DC Property Management License 4 2026-02-28
Type of building alternatives
• Rehabilitate the property without altering its existing use
• Modernize the property by updating finishes, purchasing new or more efficient equipment or
enhancing existing features or amenities.
• Change the use of the building, including the conversion from one property type to another (i.e.
from industrial to single story office), or by demolishing it for a completely new development.
• Conversion to a condominium ownership structure
Three types of obsolescence
Physical Obsolescence, Functional Obsolescence, and Economic Obsolescence
Physical Obsolescence
is characterized as a condition of aging (i.e. wear and tear) or deferred maintenance. Examples are
worn carpets, peeling paint, a leaking roof, or dead landscaping.
Page 4 DC Property Management License.pdf
*)#u)()@$+((+_@$_@+_)$$+_)+_$@)$@+_)@++)$+_$@)+_$)+_$$+_+_@$+_)
DC Property Management
License Exam | Questions
& Answers Study Guide
2026
Page 1
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_ DC Property Management License Exam _ Questions & Answers Study Guide 2026.pdf
,DC Property Management License 2 2026-02-28
Hide definitions
The primary responsibility of a real estate property manager is to
understand and implement the owner's goals and objectives
If an apartment building has 20 one bedroom units which rent for $800 per month and 30 two
bedroom apartments which rent for $1500 per month, what is the Gross Potential Rental Income per
month?
Gross Potential Rental Income per month calculation ($800 x 20) + ($1500 x 30) =$61,000 per month
Management Plan
The plan describes in detail the subject property's intended 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.
Page 2 DC Property Management License.pdf
,DC Property Management License 3 2026-02-28
Market Analysis
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
Competitive Property Analysis
identifes the subject property's strengths and weaknesses
Analysis of Alternatives
theoretical costs and coresponding increase in rents by making different improvements, even the
subject property's redevelopment.
Page 3 DC Property Management License.pdf
, DC Property Management License 4 2026-02-28
Type of building alternatives
• Rehabilitate the property without altering its existing use
• Modernize the property by updating finishes, purchasing new or more efficient equipment or
enhancing existing features or amenities.
• Change the use of the building, including the conversion from one property type to another (i.e.
from industrial to single story office), or by demolishing it for a completely new development.
• Conversion to a condominium ownership structure
Three types of obsolescence
Physical Obsolescence, Functional Obsolescence, and Economic Obsolescence
Physical Obsolescence
is 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.
Page 4 DC Property Management License.pdf
