SC Property Management Exam Study
12 month period of time which residences financial facts are kept (does no longer must be
similar to calendar 12 months) - ANS-financial yr
a before-tax parent displaying all the property revenue after subtracting vital working
charges. NOT inclusive of amortization, capital fees, and depreciation. - ANS-Net Operating
Income (NOI)
A middle this is approximately one hundred,000 squarefeet and designed to offer convenient
purchasing for customers within a 1.Five radius is known as a .... - ANS-community middle
a rate for an unbudgeted capital expenditure is known as a? - ANS-special assessment
A economic and operational approach used for the continuing control of a property is called?
- ANS-A Management Plan
a rent in which the share rental charge modifications consistent with quantity of business
performed
A)variable scale lease
B) directly percent hire
C) overage hire
D) most percent lease - ANS-A) variable scale hire
A leasehold property this is used by most residential belongings managers is known as? -
ANS-Estate for years
a metric that indicates how a whole lot earnings and investor makes on a property as a
percent of the investment fee - ANS-return on investment (ROI)
a countrywide company that sells discounted products are labeled as - ANS-manufacturing
unit stores
A professional manager who is performing as an agent for the owner, should usually
understand what? - ANS-Understand the goals and what the owner desires to reap
A property supervisor can degree monetary trend through all EXCEPT which of the
subsequent?
A) Regional Market Analysis
B) Neighborhood market evaluation
C) Supply and Demand
D) Operating Budget - ANS-D) Operating Budget
,A belongings supervisor who's authorized to obligate his/her principle in a contractual
manner is referred to as a.. - ANS-General Agent
a residential actual estate property that requires no urgent investments through the buyer
and may straight away be rented out after purchase is recognize as a - ANS-flip-key
belongings
A sort of rent wherein the tenant can pay a flat rate and the landlord pays all of the costs of
the constructing is called? - ANS-Gross Lease
Abandonment - ANS-Surrender or relinquish of a actual estate assets, which include apiece
of land or housing unit
Accumulated Depreciation - ANS-The belongings depreciation from the purchase section, to
the present day depreciation results in greenback quantity
Affordable Housing - ANS-housing governed by a federal or country agency that gives
people on low or restrained earnings, low priced housing to shop for or rent whilst sure
standards is met
Agent - ANS-One who's legal and empowered be a written employer agreement to carry out
movements for a consumer. (ex: A actual property company is the "agent" of the vendor,
client, landlord, tenant etc.)
allows a employer to import finished goods or element components to a warehouse, and to
position there there duty free till shipped - ANS-Foreign change quarter
Ammenities - ANS-Material or immaterial features of a given property that increase its value
to make it more acceptable
Amortization - ANS-equalization of the everyday mortgage charge over the existence of the
mortgage, by decreasing hobby bills and raising the precept payments.
An settlement that gives tenant with an choice to shop for the property at some stage in or
on the stop of tenancy. This settlement prevents proprietor from promoting to other parties
until hire expires - ANS-Lease Option
an property that occurs on the give up of a lease term without consent of the owner is known
as? - ANS-Tenancy of Sufferance
an instance of direct prices include which?
A) General workplace cost
B) Advertising
C) Resident managers revenue
D) accounting department prices - ANS-C) Resident managers revenue
, an crucial consideration in commercial tenant qualifications now not observed in other
corporations is....
A) available facilities
B) zoning necessities
C) prestige of property
D) availability of studies facilities - ANS-B) zoning necessities
An office building is what kind of actual estate? - ANS-Commercial Real Estate
an open or closed work location for more than one character is referred to as a ? -
ANS-multi-personnel space
an business enterprise which includes homeowners living in a community, subdivision or
rental complex, with an aim to create guidelines and guidelines is called? -
ANS-Homeowners Association (HOA)
an umbrella time period for regular activities that preserve a assets in goo situation -
ANS-Maintenance
and price item that independent of condo profits, but still aside of the properties running
budget is understand as what type of expense?
(e.G regardless if there's a tenant or not, assets taxes are nonetheless owed) - ANS-fixed
cost
Annual Depreciation - ANS-Depreciation of an asset within the these days finished monetary
year in greenback amount
Another phrase for concession is... - ANS-inducement
Apartment - ANS-Residential unit inner a shape built for housing and is described as a
rented dwelling area. (excludes condominiums and other owned residential gadgets.
Associated Licensee - ANS-licensee who is affiliated with and works underneath supervision
of a broking in price, or a belongings manager in fee.
Broker - ANS-an associated licensee who has met the educational requirements and
surpassed the the examination for a broker's license, whom will receive a rate, salary,
commission or other valuable issues for services.
Buyer Agency - ANS-Agency dating among buyer and broking, wherein the brokerage
corporation represents the buyer
Cap Rate (Capitalization Rate) - ANS-expresses the predicted fee of return from an
investment property, with an intention to get right of entry to the investments potential
income
12 month period of time which residences financial facts are kept (does no longer must be
similar to calendar 12 months) - ANS-financial yr
a before-tax parent displaying all the property revenue after subtracting vital working
charges. NOT inclusive of amortization, capital fees, and depreciation. - ANS-Net Operating
Income (NOI)
A middle this is approximately one hundred,000 squarefeet and designed to offer convenient
purchasing for customers within a 1.Five radius is known as a .... - ANS-community middle
a rate for an unbudgeted capital expenditure is known as a? - ANS-special assessment
A economic and operational approach used for the continuing control of a property is called?
- ANS-A Management Plan
a rent in which the share rental charge modifications consistent with quantity of business
performed
A)variable scale lease
B) directly percent hire
C) overage hire
D) most percent lease - ANS-A) variable scale hire
A leasehold property this is used by most residential belongings managers is known as? -
ANS-Estate for years
a metric that indicates how a whole lot earnings and investor makes on a property as a
percent of the investment fee - ANS-return on investment (ROI)
a countrywide company that sells discounted products are labeled as - ANS-manufacturing
unit stores
A professional manager who is performing as an agent for the owner, should usually
understand what? - ANS-Understand the goals and what the owner desires to reap
A property supervisor can degree monetary trend through all EXCEPT which of the
subsequent?
A) Regional Market Analysis
B) Neighborhood market evaluation
C) Supply and Demand
D) Operating Budget - ANS-D) Operating Budget
,A belongings supervisor who's authorized to obligate his/her principle in a contractual
manner is referred to as a.. - ANS-General Agent
a residential actual estate property that requires no urgent investments through the buyer
and may straight away be rented out after purchase is recognize as a - ANS-flip-key
belongings
A sort of rent wherein the tenant can pay a flat rate and the landlord pays all of the costs of
the constructing is called? - ANS-Gross Lease
Abandonment - ANS-Surrender or relinquish of a actual estate assets, which include apiece
of land or housing unit
Accumulated Depreciation - ANS-The belongings depreciation from the purchase section, to
the present day depreciation results in greenback quantity
Affordable Housing - ANS-housing governed by a federal or country agency that gives
people on low or restrained earnings, low priced housing to shop for or rent whilst sure
standards is met
Agent - ANS-One who's legal and empowered be a written employer agreement to carry out
movements for a consumer. (ex: A actual property company is the "agent" of the vendor,
client, landlord, tenant etc.)
allows a employer to import finished goods or element components to a warehouse, and to
position there there duty free till shipped - ANS-Foreign change quarter
Ammenities - ANS-Material or immaterial features of a given property that increase its value
to make it more acceptable
Amortization - ANS-equalization of the everyday mortgage charge over the existence of the
mortgage, by decreasing hobby bills and raising the precept payments.
An settlement that gives tenant with an choice to shop for the property at some stage in or
on the stop of tenancy. This settlement prevents proprietor from promoting to other parties
until hire expires - ANS-Lease Option
an property that occurs on the give up of a lease term without consent of the owner is known
as? - ANS-Tenancy of Sufferance
an instance of direct prices include which?
A) General workplace cost
B) Advertising
C) Resident managers revenue
D) accounting department prices - ANS-C) Resident managers revenue
, an crucial consideration in commercial tenant qualifications now not observed in other
corporations is....
A) available facilities
B) zoning necessities
C) prestige of property
D) availability of studies facilities - ANS-B) zoning necessities
An office building is what kind of actual estate? - ANS-Commercial Real Estate
an open or closed work location for more than one character is referred to as a ? -
ANS-multi-personnel space
an business enterprise which includes homeowners living in a community, subdivision or
rental complex, with an aim to create guidelines and guidelines is called? -
ANS-Homeowners Association (HOA)
an umbrella time period for regular activities that preserve a assets in goo situation -
ANS-Maintenance
and price item that independent of condo profits, but still aside of the properties running
budget is understand as what type of expense?
(e.G regardless if there's a tenant or not, assets taxes are nonetheless owed) - ANS-fixed
cost
Annual Depreciation - ANS-Depreciation of an asset within the these days finished monetary
year in greenback amount
Another phrase for concession is... - ANS-inducement
Apartment - ANS-Residential unit inner a shape built for housing and is described as a
rented dwelling area. (excludes condominiums and other owned residential gadgets.
Associated Licensee - ANS-licensee who is affiliated with and works underneath supervision
of a broking in price, or a belongings manager in fee.
Broker - ANS-an associated licensee who has met the educational requirements and
surpassed the the examination for a broker's license, whom will receive a rate, salary,
commission or other valuable issues for services.
Buyer Agency - ANS-Agency dating among buyer and broking, wherein the brokerage
corporation represents the buyer
Cap Rate (Capitalization Rate) - ANS-expresses the predicted fee of return from an
investment property, with an intention to get right of entry to the investments potential
income
