1|Page
DC PROPERTY MANAGER EXAM LATEST WITH
ACTUAL QUESTIONS AND CORRECT VERIFIED
ANSWERS ALREADY GRADED A+
100%GUARANTEED PASS!
Management Plan - .....ANSWER ...✔✔ This describes
in detail the subject property's current use along with its
physical condition, fiscal projections, and any
operational issues. It also includes an analysis of the
market (both regional and neighborhood), the
competing properties, as well as potential improvements
or alternative uses for the subject property.
Market Analysis - .....ANSWER ...✔✔ This focuses on
both a regional and neighborhood evaluation, which
includes the demographic conditions, geographic
features, governmental prospective, existing real estate
supply, potential future developments, and
tenant/resident demand.
Analysis of Alternatives - .....ANSWER ...✔✔ This
looks at the theoretical costs and corresponding increase
,2|Page
in rents by making different improvements, even the
subject property's redevelopment.
Capital Expenditures - .....ANSWER ...✔✔ Work
performed on properties that are occupied and
operational with the goal of trying to prevent the
property from declining and becoming obsolete.
Physical Obsolescence - .....ANSWER ...✔✔ A status
characterized as a condition of aging (i.e. wear and
tear) or deferred maintenance. Examples are worn
carpets, peeling paint, a leaking roof, or dead
landscaping.
Functional Obsolescence - .....ANSWER ...✔✔ A status
characterized by old or outdated designs or building
systems. Examples include equipment that is not
repairable because parts or no longer manufactured;
single pane window systems because they waste a large
amount of energy; outdated bathroom fixtures because
of changing designs and tastes.
Economic Obsolescence - .....ANSWER ...✔✔ A status
that represents a loss in value due to outside forces (i.e.
location, market conditions). An example would be an
office building, located in a small town, where the major
,3|Page
employer closes. This may result in both lower demand
and rental rates.
Depreciation - .....ANSWER ...✔✔ The process by
which properties begin to deteriorate as soon as they
are completed. It represents the loss in value from the
various forms of obsolescence.
Depreciated Value - .....ANSWER ...✔✔ The amount
value that a property loses per year due to the various
forms of obsolescence. Ex: $12,000,000 x 2.5% (0.025)
= $300,000 per year
Investment Value - .....ANSWER ...✔✔ An amount that
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 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".
, 4|Page
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. It's one way people like
Donald Trump can claim to be losing money every year.
List price - .....ANSWER ...✔✔ This is the price that the
owner has offered to sell a property for.
Responsibilities and Limitations - .....ANSWER ...✔✔ •
Loyalty to the client
• Confidentiality
• Accurate accounting and reporting
• Protection of owner's funds (including not commingling
the owner's funds with the manager's)
• Conflicts of interest
• Compliance with Laws and Regulations
DC PROPERTY MANAGER EXAM LATEST WITH
ACTUAL QUESTIONS AND CORRECT VERIFIED
ANSWERS ALREADY GRADED A+
100%GUARANTEED PASS!
Management Plan - .....ANSWER ...✔✔ This describes
in detail the subject property's current use along with its
physical condition, fiscal projections, and any
operational issues. It also includes an analysis of the
market (both regional and neighborhood), the
competing properties, as well as potential improvements
or alternative uses for the subject property.
Market Analysis - .....ANSWER ...✔✔ This focuses on
both a regional and neighborhood evaluation, which
includes the demographic conditions, geographic
features, governmental prospective, existing real estate
supply, potential future developments, and
tenant/resident demand.
Analysis of Alternatives - .....ANSWER ...✔✔ This
looks at the theoretical costs and corresponding increase
,2|Page
in rents by making different improvements, even the
subject property's redevelopment.
Capital Expenditures - .....ANSWER ...✔✔ Work
performed on properties that are occupied and
operational with the goal of trying to prevent the
property from declining and becoming obsolete.
Physical Obsolescence - .....ANSWER ...✔✔ A status
characterized as a condition of aging (i.e. wear and
tear) or deferred maintenance. Examples are worn
carpets, peeling paint, a leaking roof, or dead
landscaping.
Functional Obsolescence - .....ANSWER ...✔✔ A status
characterized by old or outdated designs or building
systems. Examples include equipment that is not
repairable because parts or no longer manufactured;
single pane window systems because they waste a large
amount of energy; outdated bathroom fixtures because
of changing designs and tastes.
Economic Obsolescence - .....ANSWER ...✔✔ A status
that represents a loss in value due to outside forces (i.e.
location, market conditions). An example would be an
office building, located in a small town, where the major
,3|Page
employer closes. This may result in both lower demand
and rental rates.
Depreciation - .....ANSWER ...✔✔ The process by
which properties begin to deteriorate as soon as they
are completed. It represents the loss in value from the
various forms of obsolescence.
Depreciated Value - .....ANSWER ...✔✔ The amount
value that a property loses per year due to the various
forms of obsolescence. Ex: $12,000,000 x 2.5% (0.025)
= $300,000 per year
Investment Value - .....ANSWER ...✔✔ An amount that
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 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".
, 4|Page
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. It's one way people like
Donald Trump can claim to be losing money every year.
List price - .....ANSWER ...✔✔ This is the price that the
owner has offered to sell a property for.
Responsibilities and Limitations - .....ANSWER ...✔✔ •
Loyalty to the client
• Confidentiality
• Accurate accounting and reporting
• Protection of owner's funds (including not commingling
the owner's funds with the manager's)
• Conflicts of interest
• Compliance with Laws and Regulations
