Question 1

To which of the following sites would you most likely upload your business profile?

Group of answer choices

Blog.com

LinkedIn.com

Twitter.com

All answers are incorrect

Question 2

Under the Equal Credit Opportunity Act, property managers CANNOT ask a prospective tenant questions regarding his or her:

Group of answer choices

source of income.

childbearing intentions.

number of children.

previous address.

Question 3

Warehouses with large office areas are ideal for:

Group of answer choices

wholesalers.

retailers.

discounters.

manufacturing.

Question 4

What case made the courts enforce the Civil Rights Act of 1866?

Group of answer choices

Brushaber v. U.S.

Jones v. Mayer

Hamilton v. Johnson

Marbury v. Madison

Question 5

What owners want is:

Group of answer choices

secondary to the recommendations of the property manager.

based on inexperienced opinions.

an integral part of a good management plan.

based on profit only.

Question 6

What type of broker will generally be the best source of management opportunities?

Group of answer choices

Any residential real estate broker.

A broker who specializes in retail management.

A mortgage broker.

A broker who specializes in investment property.

Question 7

When a property manager is in doubt about what to disclose, he or she should:

Group of answer choices

disclose in writing.

consult the owner.

consult an attorney.

not disclose.

Question 8

When a purchaser is induced to begin the bargaining process with an offer and then later induced to raise it, it is called:

Group of answer choices

high-low bargaining.

low-balling.

bait and switch.

negotiations.

Question 9

When evaluating carpeting, experts will look most closely at the:

Group of answer choices

color.

style.

edging.

backing.

Question 10

When it comes right down to it, what determines rents?

Group of answer choices

Rental laws

The opinion of the lessor

The location

Supply and demand

Question 11

When preparing for lease negotiations with a potential lessee, the property manager must determine:

Group of answer choices

what he or she wants.

what he or she must have.

what he or she can do without.

all answers are correct.

Question 12

When reviewing an employee application, which of the following would be of particular interest?

Group of answer choices

Long gaps in employment.

Short periods for the last few jobs.

Employers listed who are no longer in business and so can't be checked.

All answers are correct.

Question 13

When you have a tenant waiting list, your best practice would be to contact prospects first who:

Group of answer choices

are members of protected groups under the Civil Rights Act.

have the highest income.

have the smallest families.

applied first.

Question 14

Whether you advertise on Craigslist or the Yellowpages.com, institutional advertising:

Group of answer choices

is generally not cost effective.

sells your name rather than a product.

sells your products rather than your name.

all answers are incorrect.

Question 15

Which of the following advertising options, in addition to websites like Craigslist, is the most cost-effective?

Group of answer choices

Signs and banners

Industrial advertising

Display advertising

Yellow pages

Question 16

Which of the following is generally true of a residential property management contract?

Group of answer choices

The owner is not required to pay for advertising costs.

It can be terminated by the owner any time.

The residential manager always sets rental fees.

The owner must approve all costs for repairs, no matter how small the amount.

Question 17

Which of the following is most closely related to "DRAM shop liability"?

Group of answer choices

Deep pocket laws

Criminal activity

Hazardous waste liability

Injuries to factory workers liability

Question 18

Which of the following is the most common type of periodic tenancy?

Group of answer choices

Day-to-day

Week-to-week

Month-to-month

Year-to-year

Question 19

Which of the following is the most prestigious and widely recognized designation for professional property management?

Group of answer choices

CPM

IPPF

AAPC

PMCP

Question 20

Which of the following is true with regards to liability?

Group of answer choices

Landlords are found liable in about 50% of the cases.

Most states don't require proof of a landlord's negligence.

Without an injury, there can be no recovery.

All answers are incorrect.

Question 21

Which of the following would be a quality of a "Class A" building?

Group of answer choices

Architecturally distinctive

Commanding higher rents for office space

Usually newer buildings

All answers are correct

Question 22

Which of the following would generally not be accepted by the property manager for payment of rent?

Group of answer choices

Government checks

Social security checks

Third-party checks

Money orders

Question 23

Which of the following would not fall under the category of "handicapped"?

Group of answer choices

AIDS

Alcoholism

Visual disability

Drug addiction

Question 24

Which type of dead bolt lock violates fire ordinances in some areas of the country?

Group of answer choices

Interior surface-mounted dead bolts

Double-throw dead bolts

Single-action dead bolts

Double-cylinder dead bolts

Question 25

Which type of door provides the greatest security against forced entry?

Group of answer choices

Hollow core

Reinforced hollow core

Metal-clad, solid core

Metal-clad, hollow core

Question 26

Which type of roof seldom has to be replaced?

Group of answer choices

Built-up roof

Asphalt shingles

Tile roof

Wood shingles

Question 27

With regards to resort management:

Group of answer choices

the shorter the rental period, the higher the rent and management fee.

the shorter the rental period, the lower the rent and management fee.

the longer the rental period, the higher the rent and management fee.

the management fee is not determined by the rental period.

Question 28

With residential leases, you want the lease to expire:

Group of answer choices

on the 30th of the month.

in June for college rentals.

during the month of December.

when rentals are in most demand in your area.

Question 29

Your management plan should show:

Group of answer choices

how you will arrive at a desired rent schedule.

your one-year goals for the property.

your five-year goals for the property.

all answers are correct.

Question 30

Your purpose in evaluating your employees should be to:

Group of answer choices

justify firing employees.

help in the employees' development.

keep wages low.

meet the requirements of OSHA.