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Property Management - Ch. 1 Questions And Answers With Verified Solutions 100% Correct Already Passed!!!!
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Property Management - Ch. 1 Questions And Answers With Verified Solutions 100% Correct Already Passed!!!!

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  • November 19, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • property management ch 1 questions and answers
  • the demand for professional property management th
  • the traditional concentration of retail property i
  • all of the following should be goals of the profe

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  • Certified Professional Property Specialist
  • Certified Professional Property Specialist

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Property Management - Ch. 1 Questions
And Answers With Verified Solutions
100% Correct Already Passed!!!!
The demand for professional property management that occurred in the late
1800s resulted primarily from
a. increasing concentration of retail activity in downtown urban areas.
b. reshaping the urban center by building tall buildings with elevators.
c. increasing availability of land for development.
d. declining opportunities for investments in real property. - Answer✔✔ b.
reshaping the urban center by building tall buildings with elevators.
The traditional concentration of retail property in downtown areas became
decentralized as a result of
a. development of light industry in the suburbs.
b. evolution of the suburban shopping center.
c. development of multifamily apartment buildings.
d. expansion of public transportation - Answer✔✔ b. evolution of the suburban
shopping center.
The growth of shopping centers has been stimulated by
a. declining construction costs.
b. population shifts to the suburbs.
c. urban renewal programs.
d. the International Council of Shopping Centers. - Answer✔✔ b. population shifts
to the suburbs.
All of the following should be goals of the professional property manager
EXCEPT
a. generate income to the owner.
b. maintain 100% occupancy.
c. increase value of the property.
d. accomplish the objectives of the owner. - Answer✔✔ b. maintain 100%
occupancy.
Which of the following professional organizations has the longest history?
a. National Apartment Association (NAA)
b. Institute of Real Estate Management (IREM)
c. Building Owners and Managers Association International (BOMA)
d. International Council of Shopping Centers (ICSC) - Answer✔✔ c. Building
Owners and Managers Association International (BOMA)

, Incubator spaces are MOST likely to be found in
a. loft buildings.
b. ministorage areas.
c. special-purpose properties.
d. research parks. - Answer✔✔ d. research parks.
Examples of special-purpose properties includes
a. manufactured home parks.
b. loft buildings.
c. nursing homes.
d. enterprise zones. - Answer✔✔ c. nursing homes.
Which of the following types of real estate properties utilizes more
professional property managers?
a. Industrial.
b. Commercial.
c. Special-purpose.
d. Residential. - Answer✔✔ d. Residential.
The professional property manager formulates plans to
a. generate the most amount of money.
b. achieve the objectives of the owner.
c. maintain 100% building occupancy.
d. enhance the prestige of the property. - Answer✔✔ b. achieve the objectives of
the owner.
The construction of multifamily unit ownership housing has been stimulated
by
a. the varieties of ownership means by which they may be held.
b. rising land and construction costs.
c. government-assisted financing programs.
d. the invention of the steel frame buildings. - Answer✔✔ b. rising land and
construction costs.
Income-producing properties that offer services are known as
a. government and charitable institutions.
b. retail strip centers and regional shopping malls.
c. office property and business parks.
d. retail space and regional malls. - Answer✔✔ c. office property and business
parks.
The ability of a property manager to assess a market and implement sales
promotion is MOST critical when dealing with
a. retail property.
b. industrial property.

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