DC Property Management License Exam – Law Section Study Guide & Practice
Management Plan - (answer)A summary of the subject property including its current use, physical
condition, fiscal projections, operational issues, potential improvements/ altérnate uses.
Market Analysis - (answer)A broad examination of regional and neighborhood conditions such as
demographics, geographic features, governmental activity, current real estate supply, future
developments and tenant demands.
Which methods are best for determining a propertys best and highest use? - (answer)Market analysis
and Competitive Property Analysis
Analysis of Alternatives - (answer)Examines potential alternative uses and potential costs.
What are the 3 types of property decline? - (answer)Physical, functional and economic
A property starts to deteriorate when completed, what is this called ? - (answer)Depreciation
Name 5 types of property values - (answer)List price, investment value, Assessed value, market value,
depreciated value.
Management Plan - (answer)A summary of the subject property including its current use, physical
condition, fiscal projections, operational issues, potential improvements/ altérnate uses.
Market Analysis - (answer)A broad examination of regional and neighborhood conditions such as
demographics, geographic features, governmental activity, current real estate supply, future
developments and tenant demands.
Which methods are best for determining a propertys best and highest use? - (answer)Market analysis
and Competitive Property Analysis
Analysis of Alternatives - (answer)Examines potential alternative uses and potential costs.
What are the 3 types of property decline? - (answer)Physical, functional and economic
A property starts to deteriorate when completed, what is this called ? - (answer)Depreciation
Name 5 types of property values - (answer)List price, investment value, Assessed value, market value,
depreciated value.
