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| Section | Weight | Objectives |
|---|---|---|
| Lease Administration & Tenant Relations | 25% | - Lease document interpretation and compliance
|
| Operations & Maintenance Strategy | 20% | - Risk management and compliance
|
| Property Financial Analysis & Performance | 35% | - Financial statement review and interpretation
|
| Strategic Decision Making & Leadership | 20% | - Stakeholder management and reporting
|
1. An office building has closed following a hurricane. The building owner faces the risk of losing income until the building can reopen for normal operation. What type of loss exposure does this represent?
A) Liability loss
B) Direct property loss
C) Indirect property loss
D) Tenant loss
2. A janitorial technician frequently discusses the latest cleaning techniques, advances in equipment, and cutting- edge practices with coworkers. This group member isBESTdescribed as which of the following?
A) The gatekeeper
B) The star
C) The liaison
D) The bridge
3. Which environmental and sustainability protocols are institutional owners of Class A buildingsMOSTlikely to seek?
A) FitWel and Green Globes
B) Leadership in Energy and Environmental Design (LEED) and Energy Star
C) BOMA 360 and Building Research Establishment Environmental Assessment Method (BREEAM)
D) Local and state building codes
4. A newly hired property manager is working on completing several employee reviews and knows there are several ways this can be accomplished. The reviewer would like to assess the employees based on quality of work and job knowledge. Which of the following is theBESTway to accomplish this?
A) Graphic-rating scale
B) Critical incident
C) Checklist method
D) Behaviorally anchored rating scale (BARS)
5. A property manager is tasked with reducing the energy consumption of a commercial building. Which of the following is the most effective first step in achieving this goal?
A) Ask tenants to lower their use of electricity during peak hours.
B) Install solar panels on the roof without evaluating current energy use.
C) Perform a comprehensive energy audit and implement cost-effective recommendations.
D) Increase the building's electricity usage to take advantage of economies of scale.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: C |
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