Chapter 17 Question and answers correctly solved 2024/2025
0 view 0 purchase
Course
REFM
Institution
REFM
Chapter 17 Question and answers correctly solved 2024/2025 Chapter 16. Real Estate Management
A tenant makes a rental payment in cash. When is the property management firm required to deposit the cash in the escrow account? - correct answer immediately, but no later than three banking days af...
Chapter 16. Real Estate Management
A tenant makes a rental payment in cash. When is the property management
firm required to deposit the cash in the escrow account? - correct answer
✔immediately, but no later than three banking days after receipt
Which of the following actions is a property manager permitted to perform? A.
Prepare depreciation schedules for the property owner. B. Make capital
improvements to the property for the property owner when the property
manager deems them necessary for the property owner. - correct answer
✔Neither A nor B
A real estate broker acting as an owner's property manager may: - correct
answer ✔be held accountable for complete and accurate trust account
records
All of the following are important functions of a property manager, EXCEPT: -
correct answer ✔preparing the owner's income tax returns
The property manager's chief concern should be that the property: - correct
answer ✔is managed to achieve the highest rate of return possible for the
owner's investment
Functions of the property manager include all of the following, EXCEPT: -
correct answer ✔fulfilling fiduciary duties and obligations to the tenants
A property manager's primary obligation is to: - correct answer ✔the owner
The type of maintenance that is most often overlooked is: - correct answer
✔preventative maintenance
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Carzola98. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
