Property Management Progress Exam

Property Management Progress Exam

Assessment

Flashcard

Professional Development

University - Professional Development

Hard

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22 questions

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1.

FLASHCARD QUESTION

Front

Which of the following would pay the lowest percentage lease? A chain grocery store, A parking lot, A department store, A hardware store

Back

A chain grocery store

2.

FLASHCARD QUESTION

Front

A property manager:

Back

may not gain any advantage over the property owner.

3.

FLASHCARD QUESTION

Front

A kiosk is:

Back

a free-standing information booth.

4.

FLASHCARD QUESTION

Front

A lease where the lessee pays the property taxes is:

Back

a net lease.

5.

FLASHCARD QUESTION

Front

If the lessee agrees to pay property taxes as well as rent, this would indicate a(n):

Back

net lease.

6.

FLASHCARD QUESTION

Front

Constructive eviction may allow for a tenant to vacate the premises before the expiration of a lease term. Which would be an example of constructive eviction? Landlord has shown property to prospective tenant and is negotiating terms, Property cannot be used for original purpose due to unnecessary and considerable changes made by landlord, Landlord fails to make necessary repairs, All of the above

Back

All of the above

7.

FLASHCARD QUESTION

Front

The initials "I.R.E.M." stand for:

Back

The Institute of Real Estate Management.

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