Have an account?
Skip to Content
Build your own quiz
12 questions
Show Answers
See Preview
- 1. Multiple Choice
A property manager can be paid a free in which of the following ways?
A percentage of income derived from rentals
Rebates from suppliers
Key money
Referral kickbacks
- 2. Multiple Choice
Which should NOT be a consideration in selecting a tenant?
The size of the space versus the tenant's requirements
The tenant's ability to pay
The racial and ethnic backgrounds of the tenant
The compatibility of the tenant's business with other tenants' business
- 3. Multiple Choice
Any person or entity that performs property management rent collection services on behalf of another must
hold a property manager's license to collect rent
at least hold an associate broker's license
at least be licensed as a salesperson
be licensed as a real estate broker
- 4. Multiple Choice
Must a manager allow modifications of the premises to accommodate a handicapped tenant who offers to pay for the work?
Yes, and the landlord must pay for the adaptions
No, if more suitable accommodations are for rent within a reasonable distance
No, unless the apartment is located in a rent-controlled building
Yes, but the tenant must return the premises to its original condition on leaving
- 5. Multiple Choice
Rent regulations in New York State are administered by the
NYC Housing Bureau
Department of State (DOS)
Department of Housing and Urban Development (HUD)
New York Department of Housing and Community Renewal (DHCR)
- 6. Multiple Choice
A property manager's job is to
Minimize repairs
Maximize income while maintaining the value of the property
Find tenants
Collect returns
- 7. Multiple Choice
All of the following are categories of knowledge and experience that property manager's must possess in other areas EXCEPT
Politics
Union negotiations
Real estate appraisal
Finance and money markets
- 8. Multiple Choice
One of the first steps a property manager must take when beginning to manage a new property is to develop a
Marketing proposal
Management proposal
Refinancing proposal
None of these
- 9. Multiple Choice
When an apartment that is covered by rent regulation laws allows for an increase in rent at the end of each lease period, the rent regulation that would apply is
Rent control
Comparative hardship
Freeze
Rent Stabilization
- 10. Multiple Choice
The initials CPM stand for
Chargeback Percentage Mortgage
Contract Priority Mortgage
Certified Property Manager
Cardiopulmonary Manipulation
- 11. Multiple Choice
Which of the following is NOT a role of a property manager?
Satisfy the tenants needs
Approve all applicants for an apartment
Minimize service costs
Balance services and cost
- 12. Multiple Choice
Landlords can set the price of an apartment to any number they see fit
True
False
- Answer choicesTagsAnswer choicesTags