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| Section | Objectives |
|---|---|
| Legal and Risk Management | |
| Sustainability, Health, and Wellness | |
| Financial Management and Administration | |
| Leasing and Marketing | |
| Property Administration | |
| Building Operations and Maintenance |
1. A landlord has hired an electrician to rewire a vacant floor in an office building. Before work can commence, the property manager wants to verifythat the contractor has liability coverage for their negligent acts. Which of the followingMOSTaccurately describes this type of coverage?
A) Fire damage insurance
B) General commercial liability insurance
C) Personal liability insurance
D) Workers' compensation insurance
2. A property manager is required to administer many types of leases. Which of the following leases requires the tenant to pay theMOSTexpenses?
Options:
A) Triple-net (NNN)
B) Double net
C) Industrial gross
D) Absolute net
3. Which of the following isLEASTlikely to be collected by a property manager?
A) Property tax on tenant fixtures
B) Monthly rent
C) Percentage rent
D) Operating expense increases
4. Which of the following management styles should supervisors avoid when managing people?
A) Motivational
B) Communicative
C) Commandeering
D) Influential
5. A property manager is working with the building's owner to develop, execute, and complete a project.
The owner's vision of the exact project scope or budget is unclear. What project delivery method is BEST for the property manager to suggest to complete the project?
A) Design-bid-build approach
B) Design-build approach
C) Multiple projects approach
D) Construction management approach
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: C | Question # 5 Answer: D |
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