BOMI Exam Practice Questions and Answers | 100% Pass
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Course
BOMI
Institution
BOMI
BOMI Exam Practice Questions and
Answers | 100% Pass
List the seven valuation criteria specific to real property - Answer️️ -location and
construction, production of growth capital, production of income, durability, response to
change, enhancement of activities within a building, productivi...
BOMI Exam Practice Questions and
Answers | 100% Pass
List the seven valuation criteria specific to real property - Answer✔️✔️-location and
construction, production of growth capital, production of income, durability, response to
change, enhancement of activities within a building, productivity
What is the difference between a capital investment and income? - Answer✔️✔️-Capital
investment: is where monies are invested to produce or increase asset value. (not
recognized until an asset is sold)
Income: is generated from the rental of a building that is reflected on an income
statement during the period it was earned.
Define churn rate. - Answer✔️✔️-the percentage of a space inventory that is reconfigured
in some way (walls, furniture, finishes, utilities) in a year.
What is the overall goal of the property manager? - Answer✔️✔️-Their goal is to keep the
building full of tenants and running efficiently, maximizing net income for the owner
while minimizing risks.
Define investment ROI (return on investment) and capital ROI. - Answer✔️✔️-Investment
ROI: is the return on the investment while it is being held
Capital ROI: is the return on the investment when they are done with it.
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