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Ch 22 Property Management, Landlords, and Tenants in DC Exam Questions and Answers $11.49   Add to cart

Exam (elaborations)

Ch 22 Property Management, Landlords, and Tenants in DC Exam Questions and Answers

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  • Course
  • DC Property Management License
  • Institution
  • DC Property Management License

Ch 22 Property Management, Landlords, and Tenants in DC Exam

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  • September 17, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • DC Property Management License
  • DC Property Management License
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millyphilip
Ch 22 Property Management, Landlords,
and Tenants in DC Exam

agent, owner of real estate - Correct Answers -The property manager is compensated
to act as an ----- for the ----- in all matters relating to the property's operation under the
property manager's direction.

operation - Correct Answers -The property manager is compensated to act as an agent
for the owner in all matters relating to the property's ----- under the property manager's
direction.

real estate sales, purchases - Correct Answers -Property managers don't perform
services related to ------- or -------.

property management agreement., confidentiality, account, - Correct Answers -
Fiduciary duties (§ 47-2853.195)
Comply with the ------
Exercise ordinary care.
Disclose pertinent facts to owner.
Maintain -------
Properly ------- for money and property.
Comply with all applicable statutes, laws, and regulations.

resident managers - Correct Answers -Property managers may supervise ----- day-to-
day operations.

own property, clerical, administrative - Correct Answers -A property management
license isn't required for managing one's ------- or for ---- or ---- tasks, such
as:

Delivering or receiving leases
Providing information about or showing units

, true - Correct Answers -t or f? you can show units without a property management
license

rental housing act of 1985 - Correct Answers -------- requires Rental Accommodations
Division (RAD) registration as either subject to or exempt from rent control.

rental accommodations division - Correct Answers -the rental housing act of 1985
requires ----- registration as either subject to or exempt from rent control.

Unregistered units - Correct Answers ---------- are subject to rent control.

one increase, 2%, 10% - Correct Answers -the rental housing act of 1985 prohibits

More than ------ per year for occupied properties
Rent increases greater than the consumer price index (CPI-W) plus---- with a ----- cap

consumer price index - Correct Answers -with the rental housing act of 1985 the
following is prohibited:

rent increases greater than the ------- plus 2% with a 10% cap.

hardship, capital improvements, renovations, 70% - Correct Answers -Landlords may
petition for additional increases in some cases, such as:
Demonstrated -----
Certain necessary ------ or ----
---- of tenants agree to the increase

federally, district-subsidized, four, 1975, vacant - Correct Answers -Units may be
exempt under certain limited circumstances to the rental housing act of 1985:

Federally ----- district-subsidized
Owned by natural person who has fewer than ----- units
Built after ----
------ when the act took place

buildings safe, habitable, fair housing laws - Correct Answers -landlord rights and
obligations:

Provide rental disclosures to applicants and new lessees:

Current rent and three-year rent history
Pending petitions or capital improvement surcharges
Status as rent-controlled or exempt
Housing code violations
Non-refundable application fee and security deposit amount
Pending sale information

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