UNIT 15 PROPERTY MANAGEMENT
AND LEASING QUESTIONS AND
ANSWERS WITH VERIFIED 2024
1. The term CPM refers to
A. California property manager.
B. Certified property manager.
C. Certified professional manager.
D. None of these. - ANSWER B. Certified property manager.
2. Which of the following statements regarding a property managers compensation is true?
A. Compensation is generally a percentage of the gross.
B. As the income of property manage increases the percent fee charged tends to increase.
C. Both of these.
D. None of these. - ANSWER A. Compensation is generally a percentage of the gross.
3. Property managers can be protected against receiving their fees and managing a vacant property they
are unable to rent by a
A. holdover clause.
B. Recapture clause.
C. Minimum fee.
D. Separate leasing fee. - ANSWER C. Minimum fee.
4. A lease for 30 months would be described as
A. an estate at sufferance.
AND LEASING QUESTIONS AND
ANSWERS WITH VERIFIED 2024
1. The term CPM refers to
A. California property manager.
B. Certified property manager.
C. Certified professional manager.
D. None of these. - ANSWER B. Certified property manager.
2. Which of the following statements regarding a property managers compensation is true?
A. Compensation is generally a percentage of the gross.
B. As the income of property manage increases the percent fee charged tends to increase.
C. Both of these.
D. None of these. - ANSWER A. Compensation is generally a percentage of the gross.
3. Property managers can be protected against receiving their fees and managing a vacant property they
are unable to rent by a
A. holdover clause.
B. Recapture clause.
C. Minimum fee.
D. Separate leasing fee. - ANSWER C. Minimum fee.
4. A lease for 30 months would be described as
A. an estate at sufferance.
