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Unit 1: Professional Property Management Questions And Answers With Verified Solutions 100% Correct!!! $16.49   Add to cart
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Unit 1: Professional Property Management Questions And Answers With Verified Solutions 100% Correct!!!
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Unit 1: Professional Property Management Questions And Answers With Verified Solutions 100% Correct!!!

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  • November 19, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • Certified Professional Property Specialist
  • Certified Professional Property Specialist

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Unit 1: Professional Property
Management Questions And Answers
With Verified Solutions 100% Correct!!!
Asset management services - ANSWER✔✔ the assembly, management, and
disposition of a portfolio of investment properties


Manufactured homes - ANSWER✔✔ housing built in a factory to government
specifications


Code of ethics - ANSWER✔✔ A set of guide lines on good business conduct,
which often requires the agent to act beyond the letter of the law


Special- purpose property - ANSWER✔✔ hotels, resorts, nursing homes, schools,
and places of worship whose specialized needs dictate the design and operation of
the building


Office property - ANSWER✔✔ a type of income-producing commercial property
from which a particular service is rendered


Commercial property - ANSWER✔✔ Income-producing properties; public
accommodations from which goods and services are offered


Corporate property manager - ANSWER✔✔ those who create facilities and
manage properties for corporations that invest in real estate; real estate is not their
primary business

, Residential property - ANSWER✔✔ The type of property where people live;
provides greatest demand for professional property management


Industrial property - ANSWER✔✔ The type of property that converts raw
materials into finished products for storage and distribution of goods


Retail Property - ANSWER✔✔ A type of commercial property from which goods
are sold


T/F A property manager need not be concerned with the owners long term goals -
ANSWER✔✔ False


T/F Hi-Tech companies often locate near universities in incubator spaces -
ANSWER✔✔ True


T/F Old multi-story manufacture buildings that are converted into offices,
residential, and storage space are referred to as loft buildings - ANSWER✔✔ True


T/F Property managers do not need to be involved in community activities -
ANSWER✔✔ False


T/F Slumlords are owners who pour money back into older properties -
ANSWER✔✔ False


T/F The oldest professional organization of property managers is the building
owners and managers associated - ANSWER✔✔ True

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