QUESTIONS WITH COMPLETE SOLUTIONS.
_________________ is required for all evictions - correct
answer - Judicial process
A Comparison Analysis form should include: - correct
answer - • Age of the properties
• Locational advantages/Accessibility
• Curb Appeal • Interior conditions, quality of finishes •
Amenities
• Rents per square foot (commercial) or Rents per unit
(apartments)
• Operating expenses per square foot
A landlord may evict a tenant for ten statutory reasons
including... - correct answer - 1. non-payment of rent
2. violation of an obligation of tenancy of which the
tenant failed to correct after notice
3. tenant performed an illegal act within the rental unit
4. landlord seeks in good faith to occupy the rental unit
for personal use and occupancy
5. landlord sells rental unit to a party who seeks in good
faith to occupy the unit for personal use and occupancy
,6. landlord seeks to renovate rental unit in a mannaer in
which tenant cannot safely occupy
7. landlord seeks to demolish rental unit
8. landlord seeks to substantially rehabilitate rental unit
9. landlord seeks to discontinue rental unit for housing
and occupancy
10. landlord seeks to convert rental unit to a condo or
cooperative after securing governmental approval
A management plan is made up of what components? -
correct answer - Regional analysis, neighborhood
analysis, property analysis, market analysis, analysis of
alternatives, proposed property analysis, investment
analysis
Actions that could put a management company and
owner at risk include: - correct answer - improper
handling of evictions, unlawful rent collections, failure to
return security deposit, not maintaining proper
compliance with Rental Accommodations Division (RAD)
An example of functional obsolescence is - correct
answer - equipment that can not be repaired because
parts are no longer manufactured; single pane window
systems that waste energy; outdoor bathroom fixtures
, An owner asks the property manager to submit an Offer
of Sale under DOPA. The property manager should submit
the offer to:
A. The District of Columbia Mayor's office
B. The District of Columbia Department of Housing and
Community Development
C. The District of Columbia Real Estate Commission
D. The Department of Housing and Urban Development -
correct answer - B. The District of Columbia Department
of Housing and Community Development
An owner can be directly affected by manager's ... -
correct answer - Improper handling of evictions, unlawful
rent collections, failure to return security deposits, not
maintaining proper compliance with the Rental
Accommodations Division (RAD)
Analysis of Alternatives - correct answer - Looks at the
theoretical costs and corresponding increase in rents by
making different improvements, even the subject
property's redevelopment.
Assessed Value - correct 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