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Final Exam - Property Management in Texas v5.0 questions and answers with verified solutions 100% correct!!!
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Final Exam - Property Management in Texas v5.0 questions and answers with verified solutions 100% correct!!!

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  • November 20, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • final exam property management in texas v50 que
  • most lease applications include a request to allow
  • a newer field of property management involves work
  • building owners and managers association boma or

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  • Certified Professional Property Specialist
  • Certified Professional Property Specialist

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Final Exam - Property Management in
Texas v5.0 questions and answers with
verified solutions 100% correct!!!
MOST lease applications include a request to allow the manager to check -
ANSWER✔✔ all of these.

A newer field of property management involves working with individual,
inexpensive home ownership and homesite rental in - ANSWER✔✔ manufactured
home parks.

Which of the following is NOT required of the landlord when filing a suit under
Chapter 24 of the Texas Property Code? - ANSWER✔✔ Hire an attorney to
represent the landlord

Perhaps the MOST important function of a property manager is - ANSWER✔✔
identifying each prospect's requirements.

Building Owners and Managers Association (BOMA) originated from a local
group started in - ANSWER✔✔ Chicago.

When working with cooperating brokers, managers should instruct brokers to
avoid - ANSWER✔✔ all of these.

Large stores that bring in customers who may also shop at the smaller stores are
called - ANSWER✔✔ anchor tenants.

Property managers must take _______ in making sure the premises they manage
are as secure as possible. - ANSWER✔✔ an active role

A property has an income of $20,000 and expenses of $15,000. The $5,000
remainder is - ANSWER✔✔ net operating income.

Tax breaks are available to the party who makes Americans with Disabilities Act
(ADA) changes—$15,000 deduction and a tax credit of ___ % of eligible access
expenditures for small businesses. - ANSWER✔✔ 50

, A document that provides information to a third party, often a purchaser, about the
property rights of the existing tenants is - ANSWER✔✔ the estoppel certificate.

What is the first step when designing a preventive maintenance program? -
ANSWER✔✔ Prepare an inventory of equipment and building

Another term for illegal steering is - ANSWER✔✔ channeling

The MOST effective way for a property manager to find prospective tenants for a
shopping center is through - ANSWER✔✔ personal contact

The BEST way to establish a good tenant relationship is to - ANSWER✔✔ have a
joint inspection of the premises prior to the tenant moving in.

How are advertising costs covered? - ANSWER✔✔ Absorbed by the management
fee

All the correspondence from tenants should be kept in - ANSWER✔✔ a general
correspondence file.

How is the principal-agent relationship in property management created? -
ANSWER✔✔ Management agreement

The advantage of using work order software is - ANSWER✔✔ all of these.

What is the purpose of the statute of frauds? - ANSWER✔✔ Prevents fraud or
disputes over oral agreements

BOMA building class definitions - ANSWER✔✔ provide subjective standards to
discuss office markets.

In addition to signs on the property, what is the MOST useful advertising today? -
ANSWER✔✔ Manager's personal contacts

As baby boomers move into the 21st century, they drive a need for - ANSWER✔✔
facilities for the aging.

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