Exam (elaborations)
DC Property Management Basics Exam Questions and Answers
- Course
- Institution
DC Property Management Basics Exam Questions and Answers
[Show more]
Content preview
DC Property Management Basics ExamQuestions and Answers
DC law defines property management as... - Answer -"leasing, renting or offering to
lease or rent, managing, marketing, and the overall operation and maintenance of real
estate."
DC law defines a property manager as... - Answer -"an agent for the owner of real
estate in all matters pertaining to property management which are under his or her
direction, and who is paid a commission, fee, or other valuable consideration for his or
her services."
DC law defines a resident manager as... - Answer -"an individual responsible for the
day-to-day management of a contiguous cluster of rental real estate who serves as
principal onsite representative of the contracting property manager but who does not
perform any function requiring licensure."
DC housing regulation provisions ______. - Answer -Include interior and exterior spaces
Which of the following best describes a resident manager in DC? - Answer -A person
who isn't licensed, but assists with property management activities under the
supervision of the employing property manager
How can a DC real estate broker become dually licensed as a property manager? -
Answer -Pay a fee
Which of the following is a current trend in condominium investments? - Answer -
Applying the condo format to other types of properties (commercial buildings, industrial
properties, single-family detached homes, etc)
If a DC condo unit owner misses an installment payment, what does the DC
Condominium Act permit the owners association or property manager to do? - Answer -
Make them pay the full balance immediately.
How many CE credits are required to renew a property manager license in the District of
Columbia? - Answer -15
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 millyphilip. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73314 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now