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certified professional property Unit 15: Review Questions and answers with verified solutions already passed!!!
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certified professional property Unit 15: Review Questions and answers with verified solutions already passed!!!

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Document information

  • November 19, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • the term cpm refers to
  • certified professional property unit 15 review qu
  • which of the following statements regarding a prop
  • property managers can be protected against receive

Written for

  • Certified Professional Property Specialist
  • Certified Professional Property Specialist

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certified professional property Unit 15:
Review Questions and answers with
verified solutions already passed!!!
The term CPM refers to:
a. California Property Manager
b. Certified Property Manager
c. Certified Professional Manager
d. none of these - ANSWER✔✔ b. Certified Property Manager

Which of the following statements regarding a property manager's compensation is
TRUE?
a. Compensation is generally a percentage of the gross
b. As the income of properties managed increases, the percentage fee charged
tends to increase
c. Both of these
d. Neither of these - ANSWER✔✔ a. Compensation is generally a percentage of
the gross

Property managers can be protected against received no fees when managing a
vacant property they are unable to rent by a:
a. holdover clause
b. recapture clause
c. minimum fee
d. separate leasing fee - ANSWER✔✔ c. minimum fee

A lease for 30 months would be described as:
a. an estate at sufferance
b. an estate at will
c. an estate for years
d. a periodic tenancy - ANSWER✔✔ c. an estate for years

A lease under which the tenant is to pay $500 per month for 3 years is a:
a. gross lease
b. net lease
c. percentage lease
d. month-to-month lease - ANSWER✔✔ a. gross lease

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