NEW YORK PROPERTY MANAGER EXAM
QUESTIONS AND CORRECT ANSWERS (VERIFIED
ANSWERS) Q&A 2026 INSTANT DOWNLOAD PDF
1. What is the primary responsibility of a property manager?
A. To design buildings
B. To maximize property value and oversee operations
C. To conduct legal trials
D. To sell insurance policies
Rationale: A property manager oversees daily operations,
tenant relations, maintenance, and financial performance.
Correct Answer: B
2. Which document outlines the rules between landlord and
tenant?
A. Purchase agreement
B. Lease agreement
C. Mortgage note
D. Deed restriction
Rationale: A lease defines the legal relationship and obligations
of both parties.
Correct Answer: B
3. What is considered security deposit handling best practice
in New York?
,A. Mixing with personal funds
B. Depositing in a separate escrow account
C. Spending immediately
D. Keeping in cash only
Rationale: NY law requires proper segregation of tenant
security deposits.
Correct Answer: B
4. Which law protects tenants from discrimination in housing?
A. Fair Credit Reporting Act
B. Fair Housing Act
C. Patriot Act
D. Zoning Act
Rationale: The Fair Housing Act prohibits discriminatory
housing practices.
Correct Answer: B
5. What is deferred maintenance?
A. Immediate repairs
B. Planned future renovations
C. Postponed repairs needed now
D. Emergency maintenance
Rationale: Deferred maintenance refers to delaying necessary
repairs.
Correct Answer: C
,6. What is the purpose of a property inspection?
A. To increase rent
B. To assess property condition and compliance
C. To evict tenants
D. To sign new leases
Rationale: Inspections ensure safety, compliance, and
maintenance needs.
Correct Answer: B
7. Which system is responsible for heating a building?
A. Electrical grid
B. HVAC system
C. Plumbing system
D. Elevator system
Rationale: HVAC systems control heating, ventilation, and air
conditioning.
Correct Answer: B
8. What is tenant screening primarily used for?
A. Increasing rent
B. Evaluating tenant suitability
C. Changing locks
D. Repairing units
, Rationale: Screening assesses credit, background, and rental
history.
Correct Answer: B
9. What is rent stabilization?
A. Market-based pricing
B. Government-regulated rent limits
C. Free housing
D. Rent elimination
Rationale: Rent stabilization limits how much rent can increase
annually.
Correct Answer: B
10. What is an eviction?
A. Lease renewal
B. Legal removal of a tenant
C. Rent increase
D. Property sale
Rationale: Eviction is the legal process of removing a tenant.
Correct Answer: B
11. What is included in operating expenses?
A. Mortgage principal only
B. Day-to-day property costs
QUESTIONS AND CORRECT ANSWERS (VERIFIED
ANSWERS) Q&A 2026 INSTANT DOWNLOAD PDF
1. What is the primary responsibility of a property manager?
A. To design buildings
B. To maximize property value and oversee operations
C. To conduct legal trials
D. To sell insurance policies
Rationale: A property manager oversees daily operations,
tenant relations, maintenance, and financial performance.
Correct Answer: B
2. Which document outlines the rules between landlord and
tenant?
A. Purchase agreement
B. Lease agreement
C. Mortgage note
D. Deed restriction
Rationale: A lease defines the legal relationship and obligations
of both parties.
Correct Answer: B
3. What is considered security deposit handling best practice
in New York?
,A. Mixing with personal funds
B. Depositing in a separate escrow account
C. Spending immediately
D. Keeping in cash only
Rationale: NY law requires proper segregation of tenant
security deposits.
Correct Answer: B
4. Which law protects tenants from discrimination in housing?
A. Fair Credit Reporting Act
B. Fair Housing Act
C. Patriot Act
D. Zoning Act
Rationale: The Fair Housing Act prohibits discriminatory
housing practices.
Correct Answer: B
5. What is deferred maintenance?
A. Immediate repairs
B. Planned future renovations
C. Postponed repairs needed now
D. Emergency maintenance
Rationale: Deferred maintenance refers to delaying necessary
repairs.
Correct Answer: C
,6. What is the purpose of a property inspection?
A. To increase rent
B. To assess property condition and compliance
C. To evict tenants
D. To sign new leases
Rationale: Inspections ensure safety, compliance, and
maintenance needs.
Correct Answer: B
7. Which system is responsible for heating a building?
A. Electrical grid
B. HVAC system
C. Plumbing system
D. Elevator system
Rationale: HVAC systems control heating, ventilation, and air
conditioning.
Correct Answer: B
8. What is tenant screening primarily used for?
A. Increasing rent
B. Evaluating tenant suitability
C. Changing locks
D. Repairing units
, Rationale: Screening assesses credit, background, and rental
history.
Correct Answer: B
9. What is rent stabilization?
A. Market-based pricing
B. Government-regulated rent limits
C. Free housing
D. Rent elimination
Rationale: Rent stabilization limits how much rent can increase
annually.
Correct Answer: B
10. What is an eviction?
A. Lease renewal
B. Legal removal of a tenant
C. Rent increase
D. Property sale
Rationale: Eviction is the legal process of removing a tenant.
Correct Answer: B
11. What is included in operating expenses?
A. Mortgage principal only
B. Day-to-day property costs
