Property management SAE Exam 2023, Complete Verified Solution
A. Rising land and construction cost
The construction of multi family unit ownership housing has been stimulated by?
Enterprise zones
Areas that are predominantly warehousing, light manufacturing, or assembly zones and that are cre...
Property management SAE Exam 2023,
Complete Verified Solution
A. Rising land and construction cost
The construction of multi family unit ownership housing has been stimulated by?
Enterprise zones
Areas that are predominantly warehousing, light manufacturing, or assembly zones and
that are created under state statutes are called?
International Council of shopping centers
Which professional organization offers certification courses in English, Spanish, Arabic,
Turkish, and Chinese?
Office property and business Parks
Income producing properties that offer services are known as?
The invention of steel frame buildings in elevators
One contributing factor that has played a part in the development of a property
management is?
Evolution of the suburban shopping center
The traditional concentration of retail property in downtown areas became decentralized
as a result of?
Retail property
The ability of a property manager to assess a market and implement sales promotions
is most critical when dealing with?
Research park
What is an example of commercial property?
Population shifts to the suburbs
The growth of shopping centers have been stimulated by?
Neighborhood analysis
The part of the management plan that consist of an assessment of six factors in the
market area of the subject property is called?
Determine the optimum rental price for a standard space in the area
The objective in a market analysis is to?
Survey comparable properties
How can a property manager determine if local occupancy levels for a given type of
property or rising or falling?
Money set aside for replacements not covered by insurance
What are reserve funds?
Hey technical over supply
When more space is available than potential tenants demand, it indicates?
Decrease in defense spending
What would be one of the more indirect government actions that influence the
economy?
An operating budget for one year
A good management plan is based on?
, Decreasing taxes
Indirect government actions that influences economy?
Tenants cannot afford the rents
Economic oversupply results when?
5 yr forcast
What is a long-term projection of estimated income and expense for a property based
on predictable changes?
Commercial lags behind residential rental market trends
How do you rental market trends for commercial compared to residential?
Production increases
Which of the following characterizes the expansion phase in the business cycle
Regional market analysis
What helps a property manager measure economic trends?
Operating budget
What is a projection of income and expense for the operation of a property over a one
year.?
Anticipated revenue minus total adjusted operating expenses and minus debt
service
Cash flow from a property as predicted by which formula?
The neighborhood analysis
The part of the management plan that consist of an assessment of six factors in the
market area of the subject property is called
What is needed to make the subject property competitive to the best available
space
Are you useful property analysis will include?
Exchange of goods between buyers and sellers
What best describes a market?
Supply surpasses demand
Add or just before the peak of the general business cycle...
Recession occurs and Demands for goods decreases
After the peak of the general business cycle when supply surpasses demand....
The management olan
The financial and operational strategy for the ongoing management of the property is?
Income, operating cost, condition of the property, and the owners objectives in
the context of the general market
The management plan considers?
Effect on the value of a specific property at the managers particular market level
In market analysis, the specific goal of the property managers to identifying major
economic trends and their?
Is generally poor during a contraction phase
From an economic standpoint, the rental market has a segment of the economy?
Technical over supply
More available units than tenants indicates?
Extent of the owners financial resources
What shapes marketing strategies?
Direct mail
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