Ch 41 quiz Question and answers already passed 2024/2025
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Course
Property management
Institution
Property Management
Ch 41 quiz Question and answers already passed 2024/2025 Ch 41 quiz
A property manager is responsible to ________. - correct answer the property owner and tenants.
The Institute for Real Estate Management (IREM) was created as a subsidiary group of _______. - correct answer National A...
A property manager is responsible to ________. - correct answer ✔the
property owner and tenants.
The Institute for Real Estate Management (IREM) was created as a subsidiary
group of _______. - correct answer ✔National Association of REALTORS®
Preventive maintenance ________. - correct answer ✔is a schedule of
planned maintenance actions aimed at the prevention of breakdowns and
failures.
When a property manager or management company performs real-estate-
related tasks (such as collecting rent) for one owner, and that owner is paying
the manager a salary, the property manager __________. - correct answer
✔is not required to have a real estate license.
When setting up a rent schedule, a property manager should analyze all of the
following EXCEPT - correct answer ✔new home sales.
What is an important task for a manager of a condominium or cooperative? -
correct answer ✔Physically managing the property
Which of these usually contributes to the property manager's fee? - correct
answer ✔Percentage of rental income
Which IREM designation is reserved for individuals who meet a certain level
of education and experience? - correct answer ✔CPM
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