Property Management- Real Estate Question
and Answer A+ Verified 100% Correct
Questions and Answers
• 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
• Oregon law requires that checks used to disburse funds deposited into a clients's
trust account be -✓✓pre-numbered
• When evaluating the data in a neighborhood market survey, a residential property
manager will be most concerned with -✓✓trends in population composition
• Property managers are responsible for... -✓✓I. protecting the condition of real
estate
II. maximizing income from real property
• 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
and Answer A+ Verified 100% Correct
Questions and Answers
• 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
• Oregon law requires that checks used to disburse funds deposited into a clients's
trust account be -✓✓pre-numbered
• When evaluating the data in a neighborhood market survey, a residential property
manager will be most concerned with -✓✓trends in population composition
• Property managers are responsible for... -✓✓I. protecting the condition of real
estate
II. maximizing income from real property
• 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
