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RPM Exam 1 Questions And Answers With Verified Solutions 100% Correct!!!
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RPM Exam 1 Questions And Answers With Verified Solutions 100% Correct!!!
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RPM Exam 1 Questions And AnswersWith Verified Solutions 100% Correct!!!
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
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
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
All of the following should be goals of the professional property manager except:
,A. generate income to the owner
B. maintain 100% occupacy
C. increase value of the property
D. accomplish the objectives of the owner - ANSWER✔✔ B
Which of the following professional organization has the longest history?
A. NAA
B. IREM
C. BOMA
D. ICSC - ANSWER✔✔ C
Incubator spaces are most likely to be found in
A. loft buildings
B. ministorage areas
C. special purpose properties
D. research parks - ANSWER✔✔ D
Examples of special-purpose properties include
A. manufactured home parks
B. loft buildings
C. nursing homes
,D. enterprise zones - ANSWER✔✔ C
Which of the following types of real estate properties utilizes more professional
property managers
A. Indsutrial
B. Commercial
C. Special purpose
D. Residential - ANSWER✔✔ D
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 company - ANSWER✔✔ B
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 building - ANSWER✔✔ B
Income producing properties that offer services are known as
, A. government and charitable instituions
B. retail strip centers and regional shopping malls
C. office property and business parks
D. retail space and regional malls - ANSWER✔✔ C
The ability of a property manager to asses a market and implement sales promotion
is most critical when dealing with
A. retail property
B. industrial property
C. office property
D. special purpose property - ANSWER✔✔ A
Ministorage unlike many other types of industrial property is
A. located in downtown commercial areas
B. always designed for business clients
C. not designed to meet the needs of any particular industry
D. not managed by professional property managers - ANSWER✔✔ C
Areas that are predominantly warehousing, light manufacturing, or assembly zones
and that are created under state statutes are called
A. research parks
B. special purpose properties
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