BOMI - Asset Management; Questions And Answers 100% Solved
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Course
BOMI
Institution
BOMI
BOMI - Asset Management; Questions And
Answers 100% Solved
To garner more from the sale of the property, the asset manager is
recommending to the owner that that he improve the property's urban appeal.
The owner can accomplish this by doing all of the following except.
A. Upgrade the lands...
BOMI - Asset Management; Questions And
Answers 100% Solved
To garner more from the sale of the property, the asset manager is
recommending to the owner that that he improve the property's urban appeal.
The owner can accomplish this by doing all of the following except.
A. Upgrade the landscape areas
B. Ensure the lighting works
C. Repaint the building
D. Improve signage Correct answer-B. Ensure the lighting works
Triana prefers the accrual basis accounting approach because it has many
advantages over other approaches. These advantages include all of the
following except:
A. Is the simplest of the various accounting approaches
B. Allows consistent performance figures between accounting periods
C. Prevents large swings in net proceeds
, BOMI - Asset Management; Questions And
Answers 100% Solved
D. Avoid anomalies found with cash basis accounting Correct answer-A. Is
the simplest of the various accounting approaches
Greg is developing an asset management plan. The primary purpose of such a
plan is to:
A. Implement the owners objectives in the property management
B. Realize an immediate positive return on investment
C. Comply with all government regulations
D. Maintain the organizations market position and revenue stream
Correct answer-A. Implement the owners objectives in property
management
Mark manages a property with $850,603 in gross potential income, $45,018 in
operating expenses and a $72,000 vacancy loss. What is the NOI?
A. $733,585
, BOMI - Asset Management; Questions And
Answers 100% Solved
B. $778,603
C. $805,585
D. $877,585 Correct answer-A. $733,585
Elwood is considering a particular building for investment purposes. Since the
building is 15 years old, it can be considered:
A. Class A building only
B. Class B building only
C. Either a class A or class B building
D. Neither a class A or class B building Correct answer-C. either a class A
or class B building
Overall, it is best if Barbara, an asset manager, receives her comprehensive
reporting package:
A. Weekly
, BOMI - Asset Management; Questions And
Answers 100% Solved
B. Monthly
C. Quarterly
D. Annually Correct answer-B. Monthly
Because of severe financial setbacks, Cesar has had his company's property
foreclosed upon, The very first step in this foreclosure procedure is:
A. The deed being cleared of all junior liens
B. The lender assigning rents to itself
C. A notice of default being sent to the recorders office
D. A notice of default being given to the borrower Correct answer-D. A
notice of default being given to the borrower
Jurgen will be selling his property as-is, This means that he makes no warranties
or representation about the ____________ of the property.
A. Condition
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