PROPERTY MANAGEMENT RE 190
QUESTIONS AND ANSWERS WITH
VERIFIED SOLUTIONS 2024
Accredited Management Organization - ANSWER A professional designation available to a management
firm that meets IREM specifications.
Accredited Resident Manager - ANSWER A professional designation of the Institute of Real Estate
Management.
Accredited Marketing Director - ANSWER A professional designation of the International Council of
Shopping Centers.
Accredited Shopping Center Manager - ANSWER A professional designation of the International Council
of Shopping Centers.
Agent - ANSWER A person who acts for another such as a property manager.
American Industrial Real Estate Association - ANSWER An organization that provides educational material
including lease forms.
American with Disabilities Act - ANSWER prohibiting discrimination,allowing and requiring modifications
for handicapped.
Anchor Tenant - ANSWER The major tenant(s) who act(s) as an attraction in a shopping center.
Appreciation - ANSWER An increase in value.
Arbitration - ANSWER Nonjudicial process of a dispute resolution before a party agreed to by the parties
(arbitrator).
Assignment of Lease - ANSWER transfer of all lease interests by the lease.
, Association Management Specialist - ANSWER A professional designation of the Community Associations
Institute.
Attornment - ANSWER A tenant agrees to be the tenant of a prior lienholder who forecloses.
Automatic Renewal - ANSWER A clause that the lease renews itself unless notice of termination is given.
Binder - ANSWER Authorized insurance coverage prior to the issuance of a policy of insurance.
Boiler Insurance - ANSWER Insurance that covers losses in a broiler explosion.
Budget - ANSWER A financial plan/for operation.
Building Owners and Managers Association International - ANSWER A major property management
organization.
Built-Up Roof - ANSWER A layered roof of hot tar and roofing paper.
CAL OSHA - ANSWER California Occupational Safety and Health Act
Capital Gains - ANSWER Gains on the sale of a capital asset re that are subject to a preferred tax rate.
Cash Flow - ANSWER Cash left over from all cash receipts after cash expenses (net spendable).
Certified Leasing Specialist - ANSWER A designation of the International Council of Shopping Centers.
Certified Manager of Community Associations - ANSWER A professional designation of the Community
Associations Institute.
QUESTIONS AND ANSWERS WITH
VERIFIED SOLUTIONS 2024
Accredited Management Organization - ANSWER A professional designation available to a management
firm that meets IREM specifications.
Accredited Resident Manager - ANSWER A professional designation of the Institute of Real Estate
Management.
Accredited Marketing Director - ANSWER A professional designation of the International Council of
Shopping Centers.
Accredited Shopping Center Manager - ANSWER A professional designation of the International Council
of Shopping Centers.
Agent - ANSWER A person who acts for another such as a property manager.
American Industrial Real Estate Association - ANSWER An organization that provides educational material
including lease forms.
American with Disabilities Act - ANSWER prohibiting discrimination,allowing and requiring modifications
for handicapped.
Anchor Tenant - ANSWER The major tenant(s) who act(s) as an attraction in a shopping center.
Appreciation - ANSWER An increase in value.
Arbitration - ANSWER Nonjudicial process of a dispute resolution before a party agreed to by the parties
(arbitrator).
Assignment of Lease - ANSWER transfer of all lease interests by the lease.
, Association Management Specialist - ANSWER A professional designation of the Community Associations
Institute.
Attornment - ANSWER A tenant agrees to be the tenant of a prior lienholder who forecloses.
Automatic Renewal - ANSWER A clause that the lease renews itself unless notice of termination is given.
Binder - ANSWER Authorized insurance coverage prior to the issuance of a policy of insurance.
Boiler Insurance - ANSWER Insurance that covers losses in a broiler explosion.
Budget - ANSWER A financial plan/for operation.
Building Owners and Managers Association International - ANSWER A major property management
organization.
Built-Up Roof - ANSWER A layered roof of hot tar and roofing paper.
CAL OSHA - ANSWER California Occupational Safety and Health Act
Capital Gains - ANSWER Gains on the sale of a capital asset re that are subject to a preferred tax rate.
Cash Flow - ANSWER Cash left over from all cash receipts after cash expenses (net spendable).
Certified Leasing Specialist - ANSWER A designation of the International Council of Shopping Centers.
Certified Manager of Community Associations - ANSWER A professional designation of the Community
Associations Institute.
