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Ch.15 Property Management And Leasing Question and answers correctly solved 2024/2025 $13.49   Add to cart

Exam (elaborations)

Ch.15 Property Management And Leasing Question and answers correctly solved 2024/2025

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  • Course
  • Property management
  • Institution
  • Property Management

Ch.15 Property Management And Leasing Question and answers correctly solved 2024/2025 Ch.15 Property Management And Leasing Institute of real estate management (IREM) - correct answer formed by 100 companies, in 1933, under NAR to improve professional standards of property managers Certifi...

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  • September 30, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Property management
  • Property management
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flyhigher329
Ch.15 Property Management And
Leasing
Institute of real estate management (IREM) - correct answer ✔formed by 100
companies, in 1933, under NAR to improve professional standards of property
managers


Certified property manager (CPM) - correct answer ✔certified individual
managers rather than the companies that employed them to deal with the lax
standards set by IREM.


Accredited residential manager (ARM) - correct answer ✔residential property
manager designation


Accredited management organization (AMO) - correct answer ✔designation
given by IREM to a company.
-needs to have at least one CPM in charge
-have property management as primary activity
-follow minimum standards and the rules of IREM, and
-renew accreditation yearly


trust ledger - correct answer ✔ledger of monies paid out on behalf of the
owners. these are charged against the income of the property


gross lease - correct answer ✔tenant pays a fixed rental and the owner pays
all of the expenses for the property


net lease - correct answer ✔the owner gets a net amount and property
expenses are paid by the tenant. payments are similar to annuity.

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