Real Estate Property Management Exam Questions and Answers – 100% Solved
A licensed real estate property manager may authorize...?
I. another licensed property manager to supervise his property activity in his absence
II. an unlicensed bookkeeper to supervise in his absence - ✔✔✔-I only
A percentage lease is a lease - ✔✔✔-"which covers the lending of money and interest charged
thereon."
A person licensed as a real estate property manager may accept a finder's fee from a principal
real estate broker for activity involving - ✔✔✔-the rental of real property
A property manager should be aware of the break-even point to any buildings he manages. The
BREAK-EVEN Point is: - ✔✔✔-The occupancy level at which gross income for a property equals
total fixed and variable operating costs
According to the Oregon Landlord and Tenant Act, a tenant must receive a notice of which of
the following when a rental agreement is signed: - ✔✔✔-I. Utilities paid by the tenant which
benefit other tenants.
II. Any pending legal proceeding against the landlord which involves the rented property if the
rented property includes no more than 4 dwelling units.
III. Name and address of the property owner or the person authorized by the owner to manage
the property.
An owner of real estate who engages a property manager to manage his property must receive
a copy of the signed property management agreement.... when? - ✔✔✔-PROMPTLY
If a tenant's termination of tenancy occurs at the same time as the property manager's
termination of the applicable property management agreement... - ✔✔✔-the property
manager must complete a final accounting procedure involving the tenant's security deposit
unless the owner directs otherwise.
A licensed real estate property manager may authorize...?
I. another licensed property manager to supervise his property activity in his absence
II. an unlicensed bookkeeper to supervise in his absence - ✔✔✔-I only
A percentage lease is a lease - ✔✔✔-"which covers the lending of money and interest charged
thereon."
A person licensed as a real estate property manager may accept a finder's fee from a principal
real estate broker for activity involving - ✔✔✔-the rental of real property
A property manager should be aware of the break-even point to any buildings he manages. The
BREAK-EVEN Point is: - ✔✔✔-The occupancy level at which gross income for a property equals
total fixed and variable operating costs
According to the Oregon Landlord and Tenant Act, a tenant must receive a notice of which of
the following when a rental agreement is signed: - ✔✔✔-I. Utilities paid by the tenant which
benefit other tenants.
II. Any pending legal proceeding against the landlord which involves the rented property if the
rented property includes no more than 4 dwelling units.
III. Name and address of the property owner or the person authorized by the owner to manage
the property.
An owner of real estate who engages a property manager to manage his property must receive
a copy of the signed property management agreement.... when? - ✔✔✔-PROMPTLY
If a tenant's termination of tenancy occurs at the same time as the property manager's
termination of the applicable property management agreement... - ✔✔✔-the property
manager must complete a final accounting procedure involving the tenant's security deposit
unless the owner directs otherwise.
