DC PROPERTY MANAGER EXAM – QUESTIONS WITH 100%
VERIFIED QUESTIONS AND CORRECT ANSWERS | UPDATED
2026
Question 1
What are the three types of Obsolescence?
Answer: 1. Physical Obsolescence. 2. Functional Obsolescence. 3.
Economic Obsolescence.
Question 2
Depreciation
Answer: the loss in value from the various forms of obsolescence
Question 3
Market Analysis
Answer: Identifying the properties strengths and weaknesses in an
effort to improve overall economic performance; also known as
determining the property's highest and best use
Question 4
Analysis of Alternatives
Answer: Identifying theoretical costs associated with corresponding
increases in rent; analyzing the costs associated with improvements
that could increase the overall value of the property. Example:
Modernizing/updating the property's finishes for the purposes of
gaining premium rents.
, Question 5
What are the 5 Types of Property Values?
Answer: 1. Investment Value, 2. Assessed Value, 3. Market Value, 4.
Depreciated Value, 5. List Price
Question 6
Investment Value
Answer: This is the value that is generally used by investors. It is
frequently determined either by calculating the Net Operating Income
and applying a Capitalization Rate to it or from Cash Flow by
determining the Return on Investment.
Question 7
Assessed Value
Answer: This is the value used by government tax assessment offices.
Since it is frequently determined using sophisticated mathematical
models that are applied to many similar types of properties over a
geographic area, it can be less accurate and produce results that are
higher or lower than other types of "values".
Question 8
Market Value
Answer: This is the value that is agreed to between a buyer and seller.
It represents the "meeting of the minds".
Question 9
Depreciated Value
Answer: This is used for income tax purposes and affects a property's
tax basis. In the past, the Federal Government has implemented
accelerated depreciation programs to help promote economic growth.
VERIFIED QUESTIONS AND CORRECT ANSWERS | UPDATED
2026
Question 1
What are the three types of Obsolescence?
Answer: 1. Physical Obsolescence. 2. Functional Obsolescence. 3.
Economic Obsolescence.
Question 2
Depreciation
Answer: the loss in value from the various forms of obsolescence
Question 3
Market Analysis
Answer: Identifying the properties strengths and weaknesses in an
effort to improve overall economic performance; also known as
determining the property's highest and best use
Question 4
Analysis of Alternatives
Answer: Identifying theoretical costs associated with corresponding
increases in rent; analyzing the costs associated with improvements
that could increase the overall value of the property. Example:
Modernizing/updating the property's finishes for the purposes of
gaining premium rents.
, Question 5
What are the 5 Types of Property Values?
Answer: 1. Investment Value, 2. Assessed Value, 3. Market Value, 4.
Depreciated Value, 5. List Price
Question 6
Investment Value
Answer: This is the value that is generally used by investors. It is
frequently determined either by calculating the Net Operating Income
and applying a Capitalization Rate to it or from Cash Flow by
determining the Return on Investment.
Question 7
Assessed Value
Answer: This is the value used by government tax assessment offices.
Since it is frequently determined using sophisticated mathematical
models that are applied to many similar types of properties over a
geographic area, it can be less accurate and produce results that are
higher or lower than other types of "values".
Question 8
Market Value
Answer: This is the value that is agreed to between a buyer and seller.
It represents the "meeting of the minds".
Question 9
Depreciated Value
Answer: This is used for income tax purposes and affects a property's
tax basis. In the past, the Federal Government has implemented
accelerated depreciation programs to help promote economic growth.
