Ch. 52 - Property Management Agreements Quiz Questions verified to pass 2024/2025 Ch. 52 - Property Management Agreements Quiz Questions
Which IREM designation is reserved for individuals who meet a certain level of education and experience?
1. CPM
2. ARM
3. CPR
4. AMO - correct answer C...
Ch. 52 - Property Management
Agreements Quiz Questions
Which IREM designation is reserved for individuals who meet a certain level
of education and experience?
1. CPM
2. ARM
3. CPR
4. AMO - correct answer ✔CPM
What is a budget that includes income and expenses for ongoing operations?
1. Capital reserve
2. Operating
3. Fixed
4. Stabilized - correct answer ✔Operating
Which of these usually contributes to the property manager's fee?
1. Rebates from suppliers
2. Percentage of rental income
3. A percentage of fees paid to outside workers
4. Capital improvement fund - correct answer ✔Percentage of rental income
What is a property manager's first responsibility to the owner?
1. Get liability insurance.
2. Prosecute delinquent tenants.
3. Realize maximum profit.
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