To save money in the management of property, a manager should:

subcontract individuals for maintenance duties

To minimize legal actions for evictions, the property manager should:

attempt to resolve disputes before a lawsuit is initiated

Which of the following is NOT a function of the property manager?

keep records on the racial composition of the neighborhood

Which of the following is false regarding property insurance?

liability insure. provides protection for physical structure

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Chapter 19 Property Managment Multiple Choice

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These are the multiple choice questions for Chapter 19 of the New York State 75 hour Real Estate Salesperson Course

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Questions 7

Answers

1
The relationship between the prop manager and the owner is most similar to which relationship?
buyer and selling agent
buyer and listing agent
buyer and seller
seller and listing agent
2
When a real estate broker signs a management contract with an owner, he becomes a:
fiduciary
trustee
management director
receiver
3
Which of the following is NOT a part of the property operating budget?
effective gross rent
expenses for insurance and tax
debt service
expenses for utilities and maintenance
4
To save money in the management of property, a manager should:
perform less corrective maintenance
subcontract individuals for maintenance duties
perform less preventative maintenance
take a substantial cut in his fees or commission
5
To minimize legal actions for evictions, the property manager should:
evict the tenant himself and put his belongings on the curb
attempt to resolve disputes before a lawsuit is initiated
immediately report tenant problems to the owner
call an attorney as soon as a problem arises
6
Which of the following is NOT a function of the property manager?
keep records on the racial composition of the neighborhood
hire, train, and supervise employees
advertise to solicit tenants
maintain adequate insurance to protect the owner
7
Which of the following is false regarding property insurance?
liability insure. provides protection for physical structure
casualty insurance provides protection from losses
casualty insure. provides protection for physical structure
liability insure protects against 3rd party financial claims

Chapter 19 Property Managment Multiple Choice Flashcards | StudBud