Property manage Study guides, Class notes & Summaries

DC Property Management License with Complete Solutions The primary responsibility of a real estate property manager is to understand and implement the owner's goals and objectives If an apartment building has 20 one bedroom units which rent for $800 per month and 30 two bedroom apartments which rent for $1500 per month, what is the Gross Potential Rental Income per month? Gross Potential Rental Income per month calculation ($800 x 20) + ($1500 x 30) =$61,000 per month Management ...

Farming - correct answer Concentrating on one type of style of property or on one particular neighborhood A residential transaction os defined in F.S. 475 as the sale of any: - correct answer - Duplex - improved residential property of four units or fewer, including condominium units -unimproved property intended for four units or fewer - agricultural properties of ten acres or less - leases with options to purchase all or a portion of improved property of four or fewer residential units...

DC Property Managers Study Guide with Verified Solutions Management Plan 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 market regional & neighborhood). Organizational and educational programs available to assist in enhancing the property manager's knowledge, identif...

DC Property Management Exam Latest Update Graded A+ Management Plan 1. Current use 2. Current condition 3. Fiscal projections 4. Operational issues Market Analysis Regional and neighborhood evaluation focusing on: 1. Demographic conditions 2. Geographic features 3. Governmental perspective 4. Existing real estate supply 5. Future developments 6. Tenant demand Analysis of Alternatives Theoretical costs and potential for rent increase based on decision to: 1. Modernize 2....

DC Property Management License Exam Questions and Answers

licensee who is affiliated with a broker in charge or a property manager in charge - Answer-Associated Licensee 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 is licensed to conduct real estate transactions. - Answer-branch office a wholesaler who does not take title to goods and whose function is to bring buyers and sellers together and assist in negotiation - Answer-Broker Broker who is...

RE Property Management MC Latest 2023 Graded A BOMA: CAI: ICSC: IREM: NAA: NAIOP: SIOR: TAA: ULI: Building Owners and Managers Association Community Associations Institute International Council of Shopping Centers Institute of Real Estate Management National Apartment Association National Association of Industrial Office Parks Society of Industrial and Office REALTORS® Texas Apartment Association Urban Land Institute (non-profit) Person's whose job is to maximize the owner's ...

licensee who is affiliated with a broker in charge or a property manager in charge Associated Licensee 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 is licensed to conduct real estate transactions. branch office a wholesaler who does not take title to goods and whose function is to bring buyers and sellers together and assist in negotiation Broker Broker who is designed as...

Management Plan - Answer-1. Current use 2. Current condition 3. Fiscal projections 4. Operational issues Market Analysis - Answer-Regional and neighborhood evaluation focusing on: 1. Demographic conditions 2. Geographic features 3. Governmental perspective 4. Existing real estate supply 5. Future developments 6. Tenant demand Analysis of Alternatives - Answer-Theoretical costs and potential for rent increase based on decision to: 1. Modernize 2. Rehabilitate 3. Change 4. C...