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DC Property Management Basics Exam Questions and Answers
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DC Property Management Basics Exam Questions and Answers
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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
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