Texas Real Estate Property Management Exam Practice Questions and Answers
8 views 0 purchase
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
Page | 2
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 SophiaBennett. 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.
