22-property management Questions with complete solution 2024/2025
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Course
Property management
Institution
Property Management
22-property management Questions with complete solution 2024/2025 22-property management
property managers in NY - correct answer for those wanting to specialize in property management career, a rela estate license is a must
property manager - correct answer oversees the management of a...
22-property management
property managers in NY - correct answer ✔for those wanting to specialize
in property management career, a rela estate license is a must
property manager - correct answer ✔oversees the management of a number
of properties for various owners
building manager - correct answer ✔manages just one building
resident manager - correct answer ✔represents a property management
firma nd may live on the premises of the building that he or she manages
BOMA international-building owners and manager association - correct
answer ✔professional organization that offers educational courses for
property managers as they continue their career
RPA-real property administer- if awarded to those who complete
the institute of real estate management -IREM - correct answer ✔national
association of realtoers affiliate group that offers eduation and gives out ARM
-accredited residential manager and CPM- certified property mnager
NARPM- national association of residential property managers - correct
answer ✔manage single family dwellings gives out PPM-professional
property manager and MPM master property manager
, leasehold estate - correct answer ✔type of interest that gives the holder
temporary right to exclusive possession of that real estate without actually
having title to property
estate for years - correct answer ✔-any leasehold estate for a fixed time
period with specific beginning and ending date
-terminates automatically at end of specific period
-not terminated by the death of either party
terminating estate for years - correct answer ✔neither tenant or landlord can
terminate early unless mutual agreement
periodic tenancy - correct answer ✔last for an identified period of but does
not have termination date and automatically renews itself
most commom periodic tenancy - correct answer ✔month to month
tenancy at will - correct answer ✔no specified termination date and no
regular rental period
tenancy at sufferance - correct answer ✔possession of property by a tenant
who originally has a right to live on the property but stays once lease expires
without permission
anchor tenant - correct answer ✔major department or chain store stratigically
located within a shopping center to give maximum exposure to smaller
satellite stores
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