Strategies Review of Key Quizzes

1 LESSON 16: Property Management /

Strategies Review of Key Quizzes & Correct Answers.

Quiz____?

A technical oversupply of property results when:

• there are more units than consumers
• consumers are unable to afford current rents
• there are more consumers than units
• none of the above -

Answer✓✓

A: There are more units than consumers

Quiz____?Which of the following properties would normally have the highest turnover rate for tenants?

• apartment building
• shopping mall
• office twoer
• an industrial park -

Answer✓✓

A: An apartment building

• / 3

2 Quiz____?The types of businesses operated by tenants is usually of greatest concern to

a manager of:

• retail property
• office property
• residential property
• industrial property -

Answer✓✓

A: Retail property

retail property managers need to pay particular attention to the types of business operated by tenants since the success of a shopping center depends on obtaining right mix of business

Quiz____?A description of the duties and powers of the property manager would most

likely be found in the management:

• plan
• agreement
• proposal
• schedule -

Answer✓✓

B: Agreement

step 1 - management agreement relationship between manager and owner is established 2 / 3

3

Quiz____?A property manager would likely be concerned with all of the following

except:

• trends in family size and lifestyles
• local employment levels
• market rental rates
• local commission rates on real estate sales -

Answer✓✓

D: Local commission rates on Real Estate Sales

not relevant to the business of leasing and managing properties

Quiz____?Which of the following statements best describes the relationship between a management proposal and a management plan?

• the management plan is put into effect by means of the management

proposal

• the management proposal becomes the management plan when it is

accepted by the property owner

• the management plan is always developed first, before the management

proposal

• there is no relationship between the management plan and the

management proposal - Answer✓✓

• / 3