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Exam 1- Real Property Management Questions And Answers With Verified Solutions Already Passed!!!
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Exam 1- Real Property Management Questions And Answers With Verified Solutions Already Passed!!!

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  • November 20, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • shortsided owners
  • exam 1 real property management questions and ans
  • roles of a property manager
  • definition of real property
  • primary functions of a property owner

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  • Certified Professional Property Specialist
  • Certified Professional Property Specialist

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Exam 1- Real Property Management
Questions And Answers With Verified
Solutions Already Passed!!!
Chapter 1 Professional Property Mgmt - ANSWER✔✔

Roles of a property manager - ANSWER✔✔ Economist

Involved community member

Facilitator of Owner's Interest

Definition of Real Property - ANSWER✔✔ a parcel of land with surface and
owner's rights to the air above, including the soil and mineral rights as well as
anything attached permanently to the land.

Primary functions of a property Owner - ANSWER✔✔ Achieve objectives of
owner

generate income for owner

preserve or increase value of Investment property

shortsided owners - ANSWER✔✔ slumlords

milk the property

Roles of property manager cont'd - ANSWER✔✔ versatility

specialization

licensing requirements

non-standard titles

ethics

Residential Property - ANSWER✔✔ single family homes

, manufactured home parks

commercial real estate - ANSWER✔✔ office property

retail property

research parks

industrial property - ANSWER✔✔ Heavy/light manufacturing

industrial parks

loft buildings

classification of real property - ANSWER✔✔ Residential, Commercial, Industrial,
and Special purposes

Special-purpose property - ANSWER✔✔ -Hotels/Motels

-Clubs/Resorts

-Nursing homes

-Theaters

-Schools/Colleges

-Government institutions

-Places of worship

Specialized opportunities in property mgmt - ANSWER✔✔ •Concierge services

•Asset management services

•Corporate property managers

•Technology expert

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