DC Property Management & Commercial Real Estate Exam: Management Plans,
Asset & Investment Analysis (NOI, Cap Rate, ROI, Cash Flow,
Depreciated/Assessed/Market Values), Physical & Functional Obsolescence,
Capital Expenditures, Budgeting & Escrow Accounts, Lease Types (Gross, Net,
Triple Net, Percentage), Leasehold Interests, Escalator Clauses, Owner Rights,
Tenant Rights & Eviction Rules, Security Deposits, Smoke Detector Compliance,
Maintenance Programs (Curative, Deferred, Routine, Preventative), Property
Insurance (General, Excess, Fire, Theft, Boiler & Machinery, Rent Loss,
Catastrophe, Liability), Management Agreements & Ethics, RFP Development,
Marketing & Management Plans (7 Components), Market & Comparison
Analysis, Alternatives for Property Use, Zoning & FAR, Rent Control (Automatic
CPI Adjustments, Vacancy & Hardship Increases), TOPA & DOPA Compliance,
Condominium Act & Conversion Procedures, Office of Human Rights Protections,
Wage & Overtime Requirements, NAREB & IREM Designations,
RAD/DHCD/CASD/HRA Enforcement, Relocation Expenses & Tenant Elections
Exam Questions Verified and Provided with Complete A+ Graded Rationales
Latest Updated 2026
Management Plan
Assists the owner in meeting their goals while maximizing the property's value and return. The
plan describes in detail the subject property's current use along with it's physical condition,
fiscal projections, and operational issues (includes an analysis of the market regional &
neighborhood).
Organizational and educational programs available to assist in enhancing the property
manager's knowledge, identifying resources to resolve issues, and expanding their business
network.
,Institute of Real Estate Management (IREM), National Association of Realtors (NAR), Greater
Capital Area Association of Realtors (GCARR), building Owners & Managers Association (BOMA),
National Association of Real Estate Brokers, International Council of Shopping Centers (ICSC),
and National Property Management Association.
Market Analysis
Focuses on regional and neighborhood evaluations. Includes demographic conditions,
geographic features, governmental prospective, existing real estate supply, future
developments, and tenant/resident demand
Market Analysis & Competitive Property Analysis helps to.....
Identify the subject property's strengths and weaknesses
The Highest & Best Use
When the property manager considers alternatives to improve the property's weaknesses or
further enhance its strengths to improve overall economic performance.
Analysis of Alternative
Looks at the theoretical costs and corresponding increase in rents by making different
improvements, even property's redevelopment.
When determining the best use of property, alternatives to consider are.........
, Rehabilitate without altering its existing use, Modernize by updating finishes (more efficient
equipment), Change the Use of building (including conversion), or Conversion to a
condominium m ownership structure.
Capital Expenditures
Projects that help extend the property's life.
Physical Obsolescene
is characterized as a condition of aging (i.e. wear & tear) or deferred maintenance. Examples are
worn carpet, peeling paint, a leaking roof, or dead landscaping
Functional Obsolescene
is characterized by old or outdated designs or building systems.
Economic Obsolesence
Represents a loss in value due to outside forces (i.e. location, market conditions). Examples
would be an office building, locates in a small town, where the major employer closes.
Investment Value
A value generally used by investors
Asset & Investment Analysis (NOI, Cap Rate, ROI, Cash Flow,
Depreciated/Assessed/Market Values), Physical & Functional Obsolescence,
Capital Expenditures, Budgeting & Escrow Accounts, Lease Types (Gross, Net,
Triple Net, Percentage), Leasehold Interests, Escalator Clauses, Owner Rights,
Tenant Rights & Eviction Rules, Security Deposits, Smoke Detector Compliance,
Maintenance Programs (Curative, Deferred, Routine, Preventative), Property
Insurance (General, Excess, Fire, Theft, Boiler & Machinery, Rent Loss,
Catastrophe, Liability), Management Agreements & Ethics, RFP Development,
Marketing & Management Plans (7 Components), Market & Comparison
Analysis, Alternatives for Property Use, Zoning & FAR, Rent Control (Automatic
CPI Adjustments, Vacancy & Hardship Increases), TOPA & DOPA Compliance,
Condominium Act & Conversion Procedures, Office of Human Rights Protections,
Wage & Overtime Requirements, NAREB & IREM Designations,
RAD/DHCD/CASD/HRA Enforcement, Relocation Expenses & Tenant Elections
Exam Questions Verified and Provided with Complete A+ Graded Rationales
Latest Updated 2026
Management Plan
Assists the owner in meeting their goals while maximizing the property's value and return. The
plan describes in detail the subject property's current use along with it's physical condition,
fiscal projections, and operational issues (includes an analysis of the market regional &
neighborhood).
Organizational and educational programs available to assist in enhancing the property
manager's knowledge, identifying resources to resolve issues, and expanding their business
network.
,Institute of Real Estate Management (IREM), National Association of Realtors (NAR), Greater
Capital Area Association of Realtors (GCARR), building Owners & Managers Association (BOMA),
National Association of Real Estate Brokers, International Council of Shopping Centers (ICSC),
and National Property Management Association.
Market Analysis
Focuses on regional and neighborhood evaluations. Includes demographic conditions,
geographic features, governmental prospective, existing real estate supply, future
developments, and tenant/resident demand
Market Analysis & Competitive Property Analysis helps to.....
Identify the subject property's strengths and weaknesses
The Highest & Best Use
When the property manager considers alternatives to improve the property's weaknesses or
further enhance its strengths to improve overall economic performance.
Analysis of Alternative
Looks at the theoretical costs and corresponding increase in rents by making different
improvements, even property's redevelopment.
When determining the best use of property, alternatives to consider are.........
, Rehabilitate without altering its existing use, Modernize by updating finishes (more efficient
equipment), Change the Use of building (including conversion), or Conversion to a
condominium m ownership structure.
Capital Expenditures
Projects that help extend the property's life.
Physical Obsolescene
is characterized as a condition of aging (i.e. wear & tear) or deferred maintenance. Examples are
worn carpet, peeling paint, a leaking roof, or dead landscaping
Functional Obsolescene
is characterized by old or outdated designs or building systems.
Economic Obsolesence
Represents a loss in value due to outside forces (i.e. location, market conditions). Examples
would be an office building, locates in a small town, where the major employer closes.
Investment Value
A value generally used by investors
