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Champions -Property Management- SAE Questions And Answers With Verified Solutions 100% Correct!!!
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Champions -Property Management- SAE Questions And Answers With Verified Solutions 100% Correct!!!
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Champions -Property Management- SAEQuestions And Answers With Verified
Solutions 100% Correct!!!
police power - ANSWER✔✔ The right of governments to control land use
Fiduciary - ANSWER✔✔ requires duties of obedience, loyalty, disclosure,
confidentiality, accounting, and reasonable care
variance - ANSWER✔✔ permission to violate the rules
building code - ANSWER✔✔ dictates the minimum legally acceptable standards
by which a building can be constructed
Zoning - ANSWER✔✔ determines for what purposes certain parcels of land that
can be used
property manager - ANSWER✔✔ manages properties for investors and owners
who purchase property as an asset and for a fee manages the property for someone
else
In Texas agents need to be - ANSWER✔✔ licensed to show, lease or accept
payment for soliciting space for property owners
OLD CAR - ANSWER✔✔ - Obedience
- Loyalty
- Disclosure
- Confidentiality
- Accountability
- Reasonable Care
Property Manager responsibilities - ANSWER✔✔ renting units and collecting
rents, arranging for maintenance and repairs, hiring and firing on-site personnel,
providing a complete accounting to the owner, budget & reporting, compliance
with fair housing regulations (state & federal)
, Types of Property Managers - ANSWER✔✔ Individual property manager- not
required to be licensed
Licensed property manager-RE agents work for property management
Residential Manager -live in the property they manage - they are the liaison, buffer
between the property owners and the resident
list of specialties - ANSWER✔✔ Residential
Commercial
Industrial
Other
residential - ANSWER✔✔ single family detached, townhomes, condominiums,
cooperatives, multifamily (duplex, triplex, quadplex)
apartment complex (low-rise, mid rise, high rise, garden style, walk-ups),
manufactured home parks, mobile home parks , scattered -site housing, retirement
communities, military housing, public housing, vacation properties
commercial - ANSWER✔✔ office properties(low-rise, mid-rise, high-rise,
skyscraper,
retail properties free-standing, shopping centers, power centers, regional malls,
groceries stores, restaurants)
hospitality properties (motels, hotels, condo hotels)
medical offices/plazas, hospitals
special - purpose properties (churches, museums, schools, universities)
government buildings
Industrial - ANSWER✔✔ general purpose(warehouse)
special purpose (light industrial)
single purpose (heavy industrial parks, plants, refineries
industrial parks
research parks
other - ANSWER✔✔ foreclosure properties
airports
marinas
assisted- living communities
land
farm and ranch property
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