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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...

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  • September 13, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • bomi exam practice questions and answers 100 pa

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©SOPHIABENNETT
EXAM_SOLUTIONS GUARANTEED SUCCESS 2024/2025 ACADEMIC YEAR




©SOPHIABENNETT 9/3/24 2024/2025

, ©SOPHIABENNETT EXAM SOLUTIONS_2024/2025 Tuesday, September 3, 2024 10:30 AM



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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