CHAPTER 7 - PROPERTY MANAGEMENT EXAM
QUESTIONS AND ANSWERS WITH COMPLETE
SOLUTIONS | LATEST UPDATED
/ LEED - Answer-A building certification program for properties that are "green"
/.Preventive maintenance - Answer-Servicing a property and its equipment in order to
prevent mechanical failure and keep property values high
/.BOMA - Answer-An organization that advocates on the part of building owners and
managers
/.Management agreement - Answer-The property manager's employment contract with
the owner
/.Deferred maintenance - Answer-Deterioration of a property due to delayed
maintenance
/.RPA is a designation for those who manage real estate assets. - Answer-True
/.LEED AP Interior Design accreditation is awarded to individuals who have a
demonstrated knowledge of and practical experience in implementing sustainable
practices, improving building performance and reducing environmental impact in
existing buildings through enhanced operations and maintenance. - Answer-False
/.CPM is a program for those who maintain major building systems such as heating,
refrigeration, electrical, and plumbing. - Answer-False
/.The evolution of the management industry into a profession has created demand for
training at all career levels. - Answer-True
/.Vacation rentals are almost always managed by the owner/landlord. - Answer-False
/.License holders managing properties must take care to avoid the commingling of client
funds. - Answer-True
/.BOMA was founded in 1907, and is the oldest organization of its kind in the industry. -
Answer-True
/.The manager of a residential apartment complex will have a job that is very different
from that of the manager of an industrial park. - Answer-True
QUESTIONS AND ANSWERS WITH COMPLETE
SOLUTIONS | LATEST UPDATED
/ LEED - Answer-A building certification program for properties that are "green"
/.Preventive maintenance - Answer-Servicing a property and its equipment in order to
prevent mechanical failure and keep property values high
/.BOMA - Answer-An organization that advocates on the part of building owners and
managers
/.Management agreement - Answer-The property manager's employment contract with
the owner
/.Deferred maintenance - Answer-Deterioration of a property due to delayed
maintenance
/.RPA is a designation for those who manage real estate assets. - Answer-True
/.LEED AP Interior Design accreditation is awarded to individuals who have a
demonstrated knowledge of and practical experience in implementing sustainable
practices, improving building performance and reducing environmental impact in
existing buildings through enhanced operations and maintenance. - Answer-False
/.CPM is a program for those who maintain major building systems such as heating,
refrigeration, electrical, and plumbing. - Answer-False
/.The evolution of the management industry into a profession has created demand for
training at all career levels. - Answer-True
/.Vacation rentals are almost always managed by the owner/landlord. - Answer-False
/.License holders managing properties must take care to avoid the commingling of client
funds. - Answer-True
/.BOMA was founded in 1907, and is the oldest organization of its kind in the industry. -
Answer-True
/.The manager of a residential apartment complex will have a job that is very different
from that of the manager of an industrial park. - Answer-True
