DC Property Management Exams || A+ GRADED.

Management Plan correct answers Assists the owner in meeting their goals while maximizing the property's value and return. The plan describes in detail the subject property's current use along with it's physical condition, fiscal projections, and operational issues (includes an analysis of the ma...

Which of the following statements best describes the items required in the online disclosure required on a DC real estate firm-owned web page? Firm's licensed name, city/state of main office, city/state of all branch offices, jurisdiction in which the firm holds a license Firm's licensed nam...

The demand for professional property management around the end of the nineteenth century resulted primarily from correct answers the invention of the high-speed elevator---Also steel framed buildings, development of suburban areas and investment opportunities. What organization awards the designa...

Specific qualities that a successful manager should possess include: correct answers 1. Mental Stamina 2. Integrity 3. Organizational skills 4. Bravery 5. People skills 6. Ability A. The Moldboard Plow correct answers Had a curved plate attached to the spike that could lift and turn over a wide f...

Associated Licensee correct answers licensee who is affiliated with a broker in charge or a property manager in charge branch office correct answers A sub office of a company in which full-service real estate activities are conducted and at which a broker-in-charge or property manager-in-charge i...

sublet/sublease agreement correct answers a lease agreement between a tenant a sub-tenant where the original tenant essentially becomes a middle-man between the landlord and the subtenant assumes both landlord duties to the sub-tenant and tenant duties to the landlord management plan correct answ...

agent, owner of real estate correct answers The property manager is compensated to act as an ----- for the ----- in all matters relating to the property's operation under the property manager's direction. operation correct answers The property manager is compensated to act as an agent for the o...

Management Plan correct answers The plan describes in detail the subject property's current use along with its physical condition, fiscal projections, and any operational issues. It also includes an analysis of the market (both regional and neighborhood), the competing properties, as well as potent...

What does the term "Triple Net" mean when referring to commercial leases correct answers refers to commercial tenant paying ALL Operating Expenses including real estate taxes, insurance, roof maintenance, landscaping, etc. This is the most commonly found in industrial leases. Percentage Lease c...

Management Plan correct answers 1. Current use 2. Current condition 3. Fiscal projections 4. Operational issues Market Analysis correct answers Regional and neighborhood evaluation focusing on: 1. Demographic conditions 2. Geographic features 3. Governmental perspective 4. Existing real e...