General maintenance boma - Study guides, Class notes & Summaries

Chapter 8 Property Management Questions and Answers Graded A To whom is a property manager responsible? to the owner and to the tenants of a property. What is the definition of a resident manager? Lives on the property and may be employed by a real estate broker, a managing agent or an owner to manage a property on a part-time or full-time basis. What is the difference btwn a management proposal and a management agreement? A management proposal is submitted to the owner for review before any f...

An opinion of value - ANSWER The appraised value of a property is: assessed value - ANSWER the amount that your local government determines your property to be worth for tax purposes subject property - ANSWER The property that is being appraised. ad valorem - ANSWER according to value Principle of Conformity - ANSWER Maximum value is found when there is a reasonable degree of similarity or homogeneity USPAP (Uniform Standards of Professional Appraisal Practice) - ANSWER Standards ...

NCIDQ IDFX Exam Questions with 100% correct Answers Latest 2024/2025 (Verified) when goods are shipped FOB destination, who has the title to them while in transit? - correct answer the seller when goods are shipped FOB factory, who has the title to them while in transit? - correct answer the buyer (transfer when goods leave the manufacturer/seller) what is involved in the parameter method of costing? - correct answer an expanded itemization of construction quantities and furnishings and ass...

Unit 1: Introduction to Property Management Questions and Answers Rated A Property Management Administrative operation and maintenance of property according to owners objectives. A property manager must take a long-range view of their responsibilities. The services provided are designed to maximize the benefit the owner receives from the property. Property Management Activities per Real Estate Act 1. leasing or offering to lease real estate or negotiating or approving, or offering to negotiate ...

Property Management Unit 1 Test || With Complete Solutions (100% Verified) Property Management Unit 1 Test || With Complete Solutions (100% Verified) Property Management - ANSWER - Administrative operation and maintenance of property according to owners objectives. A property manager must take a long-range view of their responsibilities. The services provided are designed to maximize the benefit the owner receives from the property. Property Management Activities per Real Estate Act - ANS...

Net lease - In a net lease the owner passes many of the costs to the tenant, who pays the taxes, insurance and maintenance costs. Net leases are typically commercial leases. Physical Deterioration - is when something within the property itself causes a loss in value. Physical deterioration is caused by a myriad of contributing factors, such as normal wear and tear, deferred maintenance, aging of the buildings, or even negligence by the tenant. Common Area Maintenance - If the lease is a "t...

NCIDQ IDFX Model Exam Questions with Answers Latest % Solved) An interior designer has determined the required gross occupant area required for a client planning to lease space in an office building. Using the Building Owners and Managers Association (BOMA) standard ANSI/BOMA Z65.1, Office Buildings: Standard Methods of Measurement, which of the following would be used to determine the amount of lease space the client will be paying for? (A) building efficiency ratio (B) building load fact...

Real Estate Marketing: Commercial Real Estate (SAE), Champions Commercial Real Estate- SAE General Lien (also Statatory) - CORRECT ANSWER attaches to all the property of the debtor, not exempt from forced sale (Example: a judgment or IRS lien) Diplomacy - CORRECT ANSWER the ability to handle clients and situations in a sensitive and effective way - is critical in commercial real estate, and a lack of it can expose you immediately as a beginner. DTPA - CORRECT ANSWER The Deceptive Trade ...

Principles of Real EstateAppraisal is the business of: (a) Acquiring land for development into residential subdivisions and retail centers (b) Providing money to individuals or corporations for the conditional transfer or pledge of real estate as security for the payment of a debt (c) Providing a professional opinion of the value of real property (d) Locating units for tenants in multifamily complexes - correct answer c. Providing a professional opinion of the value of real property A pr...