Exam (elaborations)
Module 7- Property Management questions well answered to pass
- Course
- Institution
Module 7- Property Management questions well answered to pass
[Show more]
Content preview
Module 7- Property ManagementProperty Managers should carry this type of insurance to protect from mistakes.
a) Building and Fire Codes
b) Management Agreement
c) Employment Law
d) Errors and Omissions Insurance - correct answer ✔✔Errors and Omission Insurance
This occurs when a property is not properly maintained.
a) Preventative Maintenance
b) Deferred Maintenance
c) Maintenance
d) Advertising - correct answer ✔✔Deferred Maintenance
Laws that affect property management: - correct answer ✔✔Federal Fair Housing Laws, Equal Credit
Opportunity Act, Americans with Disabilities Act, Employment Law, Building and Fire Codes
Maintenance to reduce the cost of failures in expensive mechanical equipment - correct answer
✔✔Preventative Maintenance & Maintenance Management
The document used to create the property management relationship. - correct answer ✔✔Management
Agreement
Manuela is managing a new multifamily residential property that has just come on line. Her clients are a
group of investors who want to capitalize on the property's convenient proximity to the local university
and cater exclusively to students. Manuela is used to managing garden apartments in the suburbs. What
should she be aware of?
a) The majority of the property's residents will be moving in or out at the same time.
b) She must provide concierge services and food delivery to her residents.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Kariagrades514. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79271 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now