Exam (elaborations)
RE Property Management - Chap 13 WITH 100- correct answers
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RE Property Management - Chap 13 WITH 100- correct answers
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RE PropertyManagement -
Chap 13 WITH
100% correct
answers
All of the following are useful when
marketing office property EXCEPT (brochures,
signs, direct mail and classified ads) - answer
classified ads
While longer lease terms are most desirable,
to protect the owner from missing out on
rising mar- ket rates, the lease should
contain - answer an escalation clause
An employee of an office building tenant who
is responsible for the internal arrangement
, and fur- nishing of the leased space is called
a - answer facilities manager
One of the MOST effective methods to locate
a new tenant for an office property is -
answer canvassing a list of qualified
prospects
The absorption rate is determined by -
answer calculating the number of square
feet that have historically been leased per
year
Which of the following factors was MOST
impor- tant in the selection of office facilities,
according to one survey? - answer Cost
Office space is designated Class A, B, C, or D
on the basis of guidelines - answer based on
age, location and market position
The base rate for an office building - answer
should reflect the amenities of the space and
competition in that area
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