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DC PROPERTY MANAGER EXAM 2025| BRAND NEW
ACTUAL EXAM WITH 100% VERIFIED QUESTIONS
AND CORRECT SOLUTIONS| GUARANTEED VALUE
PACK| ACE YOUR GRADES
What are the three types of Obsolescence? - (answer)1. Physical Obsolescence.
2. Functional Obsolescence.
3. Economic Obsolescence.
Depreciation - (answer)the loss in value from the various forms of obsolescence.
Market Analysis - (answer)Identifying the properties strengths and weaknesses in
an effort to improve overall economic performance; also known an determining
the properties highest and best use.
Analysis of Alternatives - (answer)Identifying theoretical costs associated with
corresponding increases in rent; analyzing the costs associated with
improvements that could increase the overall value of the property.
Example: Modernizing/updating the property's finishes for the purposes of
gaining premium rents.
What are the 5 Types of Property Values? - (answer)1. Investment Value
2. Assessed Value
3. Market Value
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4. Depreciated Value
5. List Price
Investment Value - (answer)This is the value that is generally used by investors. It
is frequently determined either by calculating the Net Operating Income and
applying a Capitalization Rate to it or from Cash Flow by determining the Return
on Investment.
Assessed Value - (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 properties over a geographic area, it can be less accurate and produce
results that are higher or lower than other types of "values".
Market Value - (answer)This is the value that is agreed to between a buyer and
seller. It represents the
"meeting of the minds".
Depreciated Value - (answer)This is used for income tax purposes and affects a
property's tax basis. In the past, the Federal Government has implemented
accelerated depreciation programs to help
promote economic growth.
List Price - (answer)This is only the price that the owner has offered to sell a
property for.
DC PROPERTY MANAGER EXAM 2025| BRAND NEW
ACTUAL EXAM WITH 100% VERIFIED QUESTIONS
AND CORRECT SOLUTIONS| GUARANTEED VALUE
PACK| ACE YOUR GRADES
What are the three types of Obsolescence? - (answer)1. Physical Obsolescence.
2. Functional Obsolescence.
3. Economic Obsolescence.
Depreciation - (answer)the loss in value from the various forms of obsolescence.
Market Analysis - (answer)Identifying the properties strengths and weaknesses in
an effort to improve overall economic performance; also known an determining
the properties highest and best use.
Analysis of Alternatives - (answer)Identifying theoretical costs associated with
corresponding increases in rent; analyzing the costs associated with
improvements that could increase the overall value of the property.
Example: Modernizing/updating the property's finishes for the purposes of
gaining premium rents.
What are the 5 Types of Property Values? - (answer)1. Investment Value
2. Assessed Value
3. Market Value
, 2|Page
4. Depreciated Value
5. List Price
Investment Value - (answer)This is the value that is generally used by investors. It
is frequently determined either by calculating the Net Operating Income and
applying a Capitalization Rate to it or from Cash Flow by determining the Return
on Investment.
Assessed Value - (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 properties over a geographic area, it can be less accurate and produce
results that are higher or lower than other types of "values".
Market Value - (answer)This is the value that is agreed to between a buyer and
seller. It represents the
"meeting of the minds".
Depreciated Value - (answer)This is used for income tax purposes and affects a
property's tax basis. In the past, the Federal Government has implemented
accelerated depreciation programs to help
promote economic growth.
List Price - (answer)This is only the price that the owner has offered to sell a
property for.
