Irem cpm - Study guides, Class notes & Summaries

REAL Question and answers verified to pass 2024/2025 REAL-370 Ch. 21 1. The Institute of Real Estate Management (IREM) awards which of the following designations? - correct answer b. CPM 2. A contractual relationship in which an individual must act in the best interests of a principal when dealing with a third party is termed: - correct answer a. An agency relationship 3. The requirement of a real estate property manager to act in the best interests of the landlord when dealing wi...

Chapter 47 Question and answers 100% correct 2024/2025 Chapter 47 - Property management Agreements Which IREM designation is reserved for individuals who meet a certain level of education and experience - correct answer CPM Which of the following groups is not a professional property management trade organization - correct answer Commercial Land council Which of the following would not be found in a management agreement? - correct answer Tenant credit histories What task take...

Chapter 33 Question an answers rated A+ 2024/2025 Chapter 33 When the owner and property manager sign a management agreement, they are creating a - correct answer General agency. Managers of condominiums are NOT responsible for - correct answer Prequalifying tenants. What is a property manager's first responsibility to the owner? - correct answer Realize maximum profit. To better achieve the owner's goal of return on investment and seeing a profit, the property manager shou...

The demand for professional property management around the end of the nineteenth century resulted primarily from the invention of the high-speed elevator---Also steel framed buildings, development of suburban areas and investment opportunities. What organization awards the designation Certified Property Manager (CPM)? Institute of Real Estate Management (IREM)---IREM offers opportunities for property managers to share ideas and programs to instruct those coming into the business. They are an ...

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...

Candidates for a CPM certification must meet the criteria established by: - ANSWER-IREM An Advisory Services Specialist would be a member of _______ - ANSWER-SIOR Which organization would you turn to in order to obtain rental forms for Texas apartment housing? - ANSWER-TAA Which of the following factors is unimportant in determining the amount of rent a landlord could charge? - ANSWER-Corporate entity What should a landlord do if it becomes necessary to reduce rent to fill vacancies?...

goal of the resident manager increase net operating income obligation of the manager provide the highest quality of living environment to residents while preserving the property's value and producing a profit for the owner key to success of the resident manager to work effectively with the on-site team site-based positions leasing professional, assistant manager, bookkeeper, maintenance supervisor, maintenance technician, housekeeping, ground workers, door staff and/or ...

Texas Real Estate Property Management Exam Practice Questions and Answers Candidates for a CPM certification must meet the criteria established by: - Answer️️ - IREM An Advisory Services Specialist would be a member of _______ - Answer️️ -SIOR Which organization would you turn to in order to obtain rental forms for Texas apartment housing? - Answer️️ -TAA Which of the following factors is unimportant in determining the amount of rent a landlord could charge? - Answer️️ -C...

Which of the following factors will affect how many onsite positions are needed? - answer-a) The product type b) The age of the community c) The number and type of amenities d) Technology e) N/A - None of these answers are correct. There should always be 2 onsite jobs for every 100 homes. f) The services provided for residents Correct answer: A,B,C,D and F Which of the following are property management software companies? - answer-a) Yardi b) Appfolio c) Entrata d) RealPage Corr...

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...