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Oregon Property Management Test Questions And Answers With Verified Solutions 100% Correct!!!
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Oregon Property Management Test Questions And Answers With Verified Solutions 100% Correct!!!
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Oregon Property Management TestQuestions And Answers With Verified
Solutions 100% Correct!!!
The demand for professional property management was influenced by which of the
following - ANSWER✔✔ The development and construction of multiple level
buildings
George Holt was instrumental in building professional property management by -
ANSWER✔✔ Starting the first professional group of building mangers
organization
In Oregon, which of the following individuals would need to have a property
management license? - ANSWER✔✔ A person, for afee, managing several
properties for different owners
In Oregon, a separate license to practice property management started in -
ANSWER✔✔ 1998
A property manager's license could be suspended for which of the following
actions? - ANSWER✔✔ Conducting business at al ocation not registered with the
Real Estate Agency
A licensed property manager may - ANSWER✔✔ Collect a commission for the
lease of an owner's real property
A licensed principal broker may - ANSWER✔✔ For a fee, engage in professional
property management
In Oregon, who may offer professional property management services? I. A
licensed broker
II. A licensed principal broker
III. A licensed property manager
IV. A licensed broker associated with aprincipal broker - ANSWER✔✔ II and III
andIV
,Which of the following constitutes engaging in professional real estate activity as
defined by Oregon law?
I. A person who, for a fee, rents real estate owned by others to the public.
II. A person, who for afee assists owners in the procuring of prospective tenants for
the owners' rental property. - ANSWER✔✔ Both I and II
A licensed property manager may have another licensed property manager
supervise their business for a period of - ANSWER✔✔ 90 days
In order for a property manager to renew their license how many hours of
continuing education must they complete? - ANSWER✔✔ 30 hours
A licensed property manager may authorize
I.Another licensed property manager to supervise her property management
activity in her absence, not to exceed 90 days.
II. An unlicensed bookkeeper to supervise in her absence, not to exceed 10 days. -
ANSWER✔✔ I only
A licensed property manager may - ANSWER✔✔ Be associated with a principal
broker in professional property management
Which of the following would require a property management license? -
ANSWER✔✔ Collecting rents for clients
Of the following who must have a property managers license? - ANSWER✔✔ A
person, for afee, managing several properties for different owners
What might the Commissioner require as a condition to be licensed as a property
manager - ANSWER✔✔ Proof of competence and trust worthiness
The number one reason why property managementcompanies are audited is -
ANSWER✔✔ Misuse of trust accounts
Which of the following is true regarding license renewal? - ANSWER✔✔
Renewal applications must be renewed online on or before the expiration date to
avoid a lapse in your license and to avoid a late fee
, To establish a main office or a branch office a real estate licensee must be a real
estate property manager and must
I. Maintain in this state a place of business to be designated as the licensee's main
office.
II. Designate the place of business by a sign that contains the name under which
the licensee conducts professional real estate activity. - ANSWER✔✔ Both I and
II
Which of the following is NOT eligible for ContinuingEducation Credits? -
ANSWER✔✔ Time management
Daily activities of property managers include all of the following EXCEPT: -
ANSWER✔✔ Negotiating sales
True or False - Rent payments are not the responsibilityof the property manager -
ANSWER✔✔ False
Which of the following forms of advertising is available to prospects 24/7
regardless of their location? - ANSWER✔✔ Internet websites
What is at the top of the list of amenities in a property? - ANSWER✔✔ A washer
and dryer
Which of the following forms of advertising is availableto prospects 24/7
regardless of their location? - ANSWER✔✔ Return to the property owner in the
long-term the highest possible net return
A property manager's duties typically include all but which one of the following? -
ANSWER✔✔ Investing profits from client's properties
When evaluating the data in a neighborhood market survey, a residential property
manager will be most concerned with - ANSWER✔✔ Trends in population
composition
An apartment building of 46 units, each leased at $330per month, enjoyed full
occupancy. The property manager then instituted a 5 percent rental increase, and
four tenants moved out. The month after the change, the gross rental income -
ANSWER✔✔ Decreased by $627
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