Texas Real Estate Property Management Exam Practice Questions and Answers
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Course
Texas Real estate
Institution
Texas Real Estate
Texas Real Estate Property Management
Exam Practice Questions and Answers
Candidates for a CPM certification must meet the criteria established by: - Answer️️ -
IREM
An Advisory Services Specialist would be a member of _______ - Answer️️ -SIOR
Which organization would you turn to in or...
Regulation Z is which of the following? - Answer✔️✔️-The Truth in Lending Act
When marketing residential properties, direct mail should be used _____________. -
Answer✔️✔️-to reach specific audiences
What could the rent increase be tied to? - Answer✔️✔️-The Consumer Price Index (CPI)
What is the component of the business plan that includes staffing, startup budget, and
sales forecasts? - Answer✔️✔️-The Financial Plans
What item will most likely be the most expensive equipment for the office? - Answer✔️✔️-
Telephones
What is the first thing you should do when starting a property management business? -
Answer✔️✔️-Put together a business plan
What is an escalation clause? - Answer✔️✔️-A lease clause that allows for set increases
in rent
What is your best source for information on retail market data? - Answer✔️✔️-ICSC
An employer must pay FUTA to workers if their wages are more than __________per
year - Answer✔️✔️-$1,500
What is the simplest form of business ownership? - Answer✔️✔️-Sole proprietorship
The management agreement can be modified by ____________. - Answer✔️✔️-written
agreement
If a tenant purchases a property from the owner, the broker's fee is usually
___________. - Answer✔️✔️-a percentage of the sales price
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