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Level 9 - "Property Management" - Chapter 1 - "Property Management" Questions And Answers With Verified Solutions 100% Correct!!! $17.49   Add to cart
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Level 9 - "Property Management" - Chapter 1 - "Property Management" Questions And Answers With Verified Solutions 100% Correct!!!
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Level 9 - "Property Management" - Chapter 1 - "Property Management" Questions And Answers With Verified Solutions 100% Correct!!!

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Document information

  • November 20, 2024
  • 5
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • reo property
  • rent roll
  • level 9 property management chapter 1 pro
  • licensed real estate professionals who manage all
  • increasing a propertys investment increasing

Written for

  • Certified Professional Property Specialist
  • Certified Professional Property Specialist

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Level 9 - "Property Management" -
Chapter 1 - "Property Management"
Questions And Answers With Verified
Solutions 100% Correct!!!
Property Managers - ANSWER✔✔ Licensed real estate professionals who manage
all types of property; from homes and duplexes to office and industrial complexes,
shopping centers, apartment buildings, and condominiums


REO Property - ANSWER✔✔ Short for "Real Estate Owned"; refers to bank-
owned properties that have been through the foreclosure process


Rent Roll - ANSWER✔✔ A report of all the data about a rental property,
including tenant identities, rent rates, lease terms, and outstanding balances


- administration & risk management
* trash and sanitation services
- tenant & occupancy
- financial & marketing - ANSWER✔✔ Which is NOT one of the four main areas
of responsibility for property managers?


* increasing a property's investment
- increasing an owner's return on an investment
- maximizing the profit on the owner's investment
- protecting an owner's investment - ANSWER✔✔ Which of the following is NOT
one of a property manager's primary responsibilities?

, TRUE - ANSWER✔✔ Property managers are responsible for finding and keeping
happy tenants. TRUE OR FALSE


- A buyer's agent who only represents friends and family
- A listing agent who only lists apartments
- A broker who does not meet with clients
* A property owner leasing their own real estate - ANSWER✔✔ Who does NOT
need a real estate license?


- Susan would inspire more confidence in a property owner looking for a property
manager to manage a mall.
- Susan will always be a more attractive applicant than Leonard because she has a
more broad scope of experience.
* Leonard would inspire more confidence in a property owner looking for a
property manager to manage a mall.
- Leonard will always be a less attractive applicant than Susan because he has less
experience. - ANSWER✔✔ Susan has 7 years of general property management
experience. Leonard has 4 years of commercial property experience and a
specialized certification pertaining to commercial property. Analyze which of the
following scenarios is MOST TRUE.


* vacation property
- resort
- bed and breakfast
- mall - ANSWER✔✔ Which of the following is a type of residential property?


a bank-owned property that has been through the foreclosure process -
ANSWER✔✔ An REO property is _________ .

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