DC Property Managers Study Guide
(DC Only Test) Questions and Correct
Answers| Latest Update
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.
An owner can be directly affected by manager's.....
Improper handling of evictions, unlawful rent collections, failure to return security
deposits, not maintaining proper compliance with the Rental Accommodations
Division (RAD)
Reasons for termination of Management Agreement
, Sale or transfer of the property, improper financial reporting, stealing funds,
negligence, taking kickbacks or benefiting directly from discounts from vendors,
commingling funds.
What is the designation of the National Association of Real Estate Brokers, Inc
(NAREB)?
Realtist
Alternatives to consider when making different improvements or when
redeveloping a property
Rehabilitation without altering existing use, Modernize the property by updating
finishes, Change the use of building, including converting to another property type,
or demolishing for new development, or Conversion to a condo ownership
structure.
Actions that could put management company and owner at risk include:
Improper handling of evictions, unlawful rent collections, failure to return security
deposit, not maintaining proper compliance with Rental Accommodations Division
(RAD).
Property Manager's are entrusted to look after other people's money this
includes:
(DC Only Test) Questions and Correct
Answers| Latest Update
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.
An owner can be directly affected by manager's.....
Improper handling of evictions, unlawful rent collections, failure to return security
deposits, not maintaining proper compliance with the Rental Accommodations
Division (RAD)
Reasons for termination of Management Agreement
, Sale or transfer of the property, improper financial reporting, stealing funds,
negligence, taking kickbacks or benefiting directly from discounts from vendors,
commingling funds.
What is the designation of the National Association of Real Estate Brokers, Inc
(NAREB)?
Realtist
Alternatives to consider when making different improvements or when
redeveloping a property
Rehabilitation without altering existing use, Modernize the property by updating
finishes, Change the use of building, including converting to another property type,
or demolishing for new development, or Conversion to a condo ownership
structure.
Actions that could put management company and owner at risk include:
Improper handling of evictions, unlawful rent collections, failure to return security
deposit, not maintaining proper compliance with Rental Accommodations Division
(RAD).
Property Manager's are entrusted to look after other people's money this
includes:
