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Champions TX Property Management SAE questions and answers graded A+ 2024/2025
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Champions TX Property Management SAE questions and answers graded A+ 2024/2025
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Champions TX Property ManagementSAE
The call for for professional assets control that occurred within the late 1800s resulted
broadly speaking from - ANSreshaping the city center through building tall homes with
elevators
The increase of buying centers has been stimulated by using - ANSpopulation shifts to the
suburbs
Incubator spaces are most possibly to be determined in - ANSresearch parks
Which of the subsequent sorts of real estate properties utilizes greater expert assets
managers? - ANSCommercial
If a belongings owner asks a belongings manager to control the belongings in violation of
modern civil rights
laws, the belongings manager need to - ANSterminate the control agreement
Which of the following characterizes the enlargement section within the enterprise cycle? -
ANSProduction will increase
In the operating-budget, what's the name of the expenditure that money owed for money for
replacement
costs? - ANSReserve budget
In marketplace analysis, the precise intention of the belongings supervisor is to pick out
primary monetary traits and their - ANSeffect at the value of a selected property on the
supervisor's unique marketplace degree
Cash drift from a property is expected through which of the subsequent formulas? -
ANSAnticipated sales minus overall adjusted running prices and minus debt provider
At or simply earlier than the peak of the overall business cycle, - ANSsupply surpasses call
for
From an monetary standpoint, the condo market as a section of the economy - ANSis
commonly bad at some stage in a contraction phase
To keep away from any surprises while taking over a brand new assets, the manager ought
to first - ANSread all of the rentals
What have to the manager do if the constructing is one hundred% occupied? - ANSConsider
raising the rents
, A appropriate management plan is based totally on a(n) - ANSoperating finances for one
year
A belongings manager appearing as an agent - ANSowes the obligations of care, loyalty,
obedience, accounting, and disclosure to the important
The written agreement between the proprietor and the agent that specifies the duties of
every is known as a - ANSmanagement contract
MOST belongings managers are trying to find agreements with a time period of at the least -
ANSone year
A belongings manager's settlement presents for a leasing charge plus $13,000 according to
yr for managerial services.
What type of settlement is this? - ANSFlat-fee association
A flat charge association would be MOST appropriate whilst handling a(n) -
ANScondominium network
If a property proprietor violates any relevant law or law, the assets manager - ANSmay
cancel the settlement immediately upon serving the owner with note of rationale
Managers usually opt to have the authority to hire and fire property personnel due to the fact
- ANSemployees will expand extra loyalty to the manager below these occasions
As duty for the assets is transferred, the supervisor need to pay special attention to - ANSthe
bills payable ledger
A month-to-month incomes record submitted with the aid of the supervisor to the owner -
ANSshould constantly be observed by means of a private word
Of the following, which shapes advertising and marketing strategies? - ANSExtent of the
proprietor's monetary sources
Other than signs at the assets, the MOST popular print medium for marketing residential
property is - ANSclassified ads
When should For Rent signs be used? - ANSMost productively whilst positioned in vacant
shop windows
When a prospect comes to the manager's workplace in reaction to a advertising effort, the
manager's task is to - ANSconvince the chance that the distance is the maximum wonderful
to the prospect
A marketing campaign to increase the status of a belongings logically ought to be
undertaken - ANSin a strong market
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