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Name: Homework 15

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Instructions:  

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Question 1   Multiple Choice (1 points)
  Question: A property manager taking over a new property does a management survey which includes all but which of the following?
 
 
    Property appraisal
Neighborhood analysis
Property inventory
Lease/tenant analysis
all of the above are included
 
 

 

Question 2   Multiple Choice (1 points)
  Question: From a management point of view, an apartment building that has an occupancy which reaches 98 percent would tend to indicate that:
 
 
    the building is under-maintained.
the building is exceptionally well managed.
the building is over-maintained.
the rents should be increased.
demand for the project is decreasing.
 
 

 

Question 3   Multiple Choice (1 points)
  Question: In determining the appropriate market rental to charge, property managers should consider:
 
 
    the prevailing rates for competitive properties.
the inflation rate.
the unemployment rate.
the expected change in the value of the property during the holding period.
none of the above.
 
 

 

Question 4   Multiple Choice (1 points)
  Question: In developing the annual operating budget for a property, the property manager should consider all but which of the following:
 
 
    the economic order quantities for supplies.
fixed expenses for the property.
expected proceeds from reversion.
long range weather forecasts.
expected property revenue
 
 

 

Question 5   Multiple Choice (1 points)
  Question: Property management designations from the Institute of Real Estate Management include
 
 
    CPM, AMO, ARM.
RPA, SMT, SMA.
CSM, CMD.
MAI, RM, SREA, SRPA, SRA.
None of the above.