Chapter 47 Question and answers 100% correct 2024/2025
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Module
Property management
Institution
Property Management
Chapter 47 Question and answers 100% correct 2024/2025 Chapter 47 - Property management Agreements
Which IREM designation is reserved for individuals who meet a certain level of education and experience - correct answer CPM
Which of the following groups is not a professional property mana...
Chapter 47 - Property management
Agreements
Which IREM designation is reserved for individuals who meet a certain level
of education and experience - correct answer ✔CPM
Which of the following groups is not a professional property management
trade organization - correct answer ✔Commercial Land council
Which of the following would not be found in a management agreement? -
correct answer ✔Tenant credit histories
What task takes up the majority of a proeprty manager's time? - correct
answer ✔Physically managing the property
Which of these usually contributes to the property manager's fee? - correct
answer ✔percentage of rental income
What is a budget that includes income and expenses for ongoing operations?
- correct answer ✔Operating
What does the management agreement create? - correct answer ✔General
agency
Which of these functions is not performed by a property manager? - correct
answer ✔Preparing the property deed
What is a property manager's first responsibility to the owner? - correct
answer ✔Realize maximum profit
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