Unit 1 professional property management QUESTIONS
AND ANSWERS
The demand for professional property management that occurred in the late 1800s resulted primarily from - Correct Answer Reshaping The urban center by building tall buildings with elevators The traditional concentration of retail property in downtown areas became decentralized as a result of - Correct Answer Evolution of the suburban shopping center The growth of shopping centers has been stimulated by - Correct Answer Population shifts to the suburbs What is not a goal of professional property manager - Correct Answer Maintain 100% occupancy Which of the following professional organizations has the longest history - Correct Answer Building owners and managers Association international BOMA Incubator spaces are most likely to be found in - Correct Answer Research parks Examples of special purpose properties include - Correct Answer Nursing homes Which of the following types of real estate properties utilizes more professional property managers - Correct Answer Residential The professional property manager formulate plans to - Correct Answer Achieve the objectives of the owner The construction of multi family unit ownership housing has been stimulated by - Correct Answer Rising land and construction costs Income producing properties that offer services are known as - Correct Answer Office property in business parks The ability of a property manager to assess a market and implement sales promotion is most critical when dealing with - Correct Answer Retail property Mini storage unlike many other types of industrial property is - Correct Answer Not designed to meet the needs of any particular industry Areas that are predominately warehousing light manufacturing or assembly zones and that are created under state statutes are called - Correct Answer Enterprise zones Which of the following would be classified a special purpose property - Correct Answer Hotels motels theaters schools and places of worship
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