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Real Estate: Property Management Exam Questions/Answers Questions And Answers With Verified Solutions Already Passed!!! $14.49   Add to cart
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Real Estate: Property Management Exam Questions/Answers Questions And Answers With Verified Solutions Already Passed!!!
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  • Certified Professional Property Specialist

Real Estate: Property Management Exam Questions/Answers Questions And Answers With Verified Solutions Already Passed!!!

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  • November 19, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • real estate property management exam questionsan
  • when a broker or property manager signs a contract
  • in establishing a clients trust account a proper

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  • Certified Professional Property Specialist
  • Certified Professional Property Specialist

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Real Estate: Property Management Exam
Questions/Answers Questions And Answers
With Verified Solutions Already Passed!!!
When a broker or property manager signs a contract to manage an owner's
property he becomes a - Answer✔✔ Fiduciary
In establishing a client's trust account, a property manager must do all of the
following - Answer✔✔
 control the receipts and disbursements on the account
 use pre-numbered checks for the account
 be an authorized signer on the account
An owner of real estate who engages a property manager to manage his
property must receive a copy of the signed property management
agreement.... when? - Answer✔✔ PROMPTLY
If a tenant's termination of tenancy occurs at the same time as the property
manager's termination of the applicable property management agreement... -
Answer✔✔ the property manager must complete a final accounting procedure
involving the tenant's security deposit unless the owner directs otherwise.
A licensed real estate property manager may authorize...?
I. another licensed property manager to supervise his property activity in his
absence
II. an unlicensed bookkeeper to supervise in his absence - Answer✔✔ I only
Oregon law requires that checks used to disburse funds deposited into a
client's trust account be - Answer✔✔ pre-numbered
When evaluating the data in a neighborhood market survey, a residential
property manager will be most concerned with - Answer✔✔ trends in
population composition
Property managers are responsible for... - Answer✔✔ I. protecting the
condition of real estate
II. maximizing income from real property
A person licensed as a real estate property manager may accept a finder's fee
from a principal real estate broker for activity involving - Answer✔✔ the
rental of real property
A property manager should be aware of the break-even point to any buildings
he manages. The BREAK-EVEN Point is: - Answer✔✔ The occupancy level at
which gross income for a property equals total fixed and variable operating costs

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