Property Management Study guides, Class notes & Summaries

SC Property Management Exam Questions with Complete Solutions | 100 % Correct | 2024 Update Residential Landlord and Tenant Act - Answer ️️ -Created in 1986 Residential Landlord and Tenant Act - Purpose - Answer ️️ -Simplify, clarify, modernize, and revise the law governing rental of dwelling units and the rights, obligations of landlords and tenants. To encourage landlords and tenants to maintain and improve the quality of housing. Administration Remedy - Answer ️️ -Any right ...

Ch 17 Final Exam Prep Property Management Questions & Answers

agent, owner of real estate correct answers The property manager is compensated to act as an ----- for the ----- in all matters relating to the property's operation under the property manager's direction. operation correct answers The property manager is compensated to act as an agent for the owner in all matters relating to the property's ----- under the property manager's direction. real estate sales, purchases correct answers Property managers don't perform services related to ----...

Associated Licensee correct answers licensee who is affiliated with a broker in charge or a property manager in charge branch office correct answers A sub office of a company in which full-service real estate activities are conducted and at which a broker-in-charge or property manager-in-charge is licensed to conduct real estate transactions. Broker correct answers a wholesaler who does not take title to goods and whose function is to bring buyers and sellers together and assist in negotia...

Specific qualities that a successful manager should possess include: correct answers 1. Mental Stamina 2. Integrity 3. Organizational skills 4. Bravery 5. People skills 6. Ability A. The Moldboard Plow correct answers Had a curved plate attached to the spike that could lift and turn over a wide furrow of ground B. Industrial Revolution correct answers In England, with the harnessing of water power and the steam, allowed for factories to mass produce goods that were once produced by hand ot...

The demand for professional property management around the end of the nineteenth century resulted primarily from correct answers the invention of the high-speed elevator---Also steel framed buildings, development of suburban areas and investment opportunities. What organization awards the designation Certified Property Manager (CPM)? correct answers Institute of Real Estate Management (IREM)---IREM offers opportunities for property managers to share ideas and programs to instruct those coming...

licensee who is affiliated with a broker in charge or a property manager in charge - Answer-Associated Licensee A sub office of a company in which full-service real estate activities are conducted and at which a broker-in-charge or property manager-in-charge is licensed to conduct real estate transactions. - Answer-branch office a wholesaler who does not take title to goods and whose function is to bring buyers and sellers together and assist in negotiation - Answer-Broker Broker who is...

Real Estate Property Management Exam 2024 (A+ GUARANTEED) Correctly solved

The demand for professional property management that occurred in the late 1800's resulted primarily from - 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 - ANSWER Evolution of the suburban shopping center The growth of shopping centers has been stimulated by - ANSWER Population shifts to the suburbs

PM & PMIC licenses need to renewed biennially - ANSWER June 30th (end of state's fiscal year) Conversion - ANSWER to use trust funds for the purpose other than the purpose of which they are held. Unlawful use of funds. Customer - ANSWER a buyer, seller, landlord or tenant who uses the services of a real estate licensee but does not establish an agency relationship through a written agency agreement with the licensee's real estate brokerage firm

Champion Real Estate Property Management Exam with 100% Correct Answers | Verified & Updated 2024 4 Phases of a Business cycle - Answer ️️ -1. Prosperity 2. Recession 3. Contraction 4. Recovery When is Equilibrium reached? - Answer ️️ -when demand equals supply General Business Economy and Real Estate Economy are _______? - Answer ️️ -Cyclical Does the Real Estate Cycle or General economic cycle move faster? - Answer ️️ -Real Estate Cycle moves slower A thorough Propert...