RE PROP MGMT, CH 1 QUESTIONS AND
ANSWERS WITH VERIFIED SOLUTIONS
2024
An Advisory Services Specialist would be a member of _______:
IREM.
CAR.
COMA.
SIOR. - ANSWER SIOR
The manager's role is determined by:
the tenants' needs.
the type and size of the property.
the owner's investment in the property.
the length of the manager's contract. - ANSWER the type and size of the property.
Professional property management is important to which type of property due to the size and tenant
mix?
Special purpose
Mixed-use
Shopping center
Industrial - ANSWER Shopping center
The ______________ plans and directs the purchase, development, and disposition of real estate on
behalf of the business and investors.
leasing agent
, corporate property manager
asset manager
regional manager - ANSWER asset manager
Which of the following is a good financial reason for hiring a property manager?
Property managers are less willing to raise rents than owners are.
The life of the property can be extended under a property manager's care.
Property managers know how to have damages taken care of without the need for security damage
bonds.
Although hiring a property manager does not reduce expenses, it does save the owner time. - ANSWER
The life of the property can be extended under a property manager's care.
Which type of property involves a special business or organizational undertaking that dictates the design
and operation of the building itself?
Industrial
Mixed-use
Residential
Special Purpose - ANSWER Special Purpose
Which of the following is not an office building manager's duty?
Set return on investment goals.
Oversee construction.
Provide administrative support.
Maintain bank account. - ANSWER Set return on investment goals.
Residential property includes which of the following?
ANSWERS WITH VERIFIED SOLUTIONS
2024
An Advisory Services Specialist would be a member of _______:
IREM.
CAR.
COMA.
SIOR. - ANSWER SIOR
The manager's role is determined by:
the tenants' needs.
the type and size of the property.
the owner's investment in the property.
the length of the manager's contract. - ANSWER the type and size of the property.
Professional property management is important to which type of property due to the size and tenant
mix?
Special purpose
Mixed-use
Shopping center
Industrial - ANSWER Shopping center
The ______________ plans and directs the purchase, development, and disposition of real estate on
behalf of the business and investors.
leasing agent
, corporate property manager
asset manager
regional manager - ANSWER asset manager
Which of the following is a good financial reason for hiring a property manager?
Property managers are less willing to raise rents than owners are.
The life of the property can be extended under a property manager's care.
Property managers know how to have damages taken care of without the need for security damage
bonds.
Although hiring a property manager does not reduce expenses, it does save the owner time. - ANSWER
The life of the property can be extended under a property manager's care.
Which type of property involves a special business or organizational undertaking that dictates the design
and operation of the building itself?
Industrial
Mixed-use
Residential
Special Purpose - ANSWER Special Purpose
Which of the following is not an office building manager's duty?
Set return on investment goals.
Oversee construction.
Provide administrative support.
Maintain bank account. - ANSWER Set return on investment goals.
Residential property includes which of the following?
