Property Management

A forcible detainer or unlawful detainer action is a lawsuit brought by a A. landlord against a tenant to evict the tenant . B. landlord against a tenant who removes fixtures at the end of the lease . C. tenant against a landlord who does not refund a security deposit . D. tenant against a landlord who wrongfully refuses to perform repairs .

A

Who are the parties to a management agreement ? A. landlord and property manager B. tenant and landlord C. tenant and property manager D. tenant , landlord , and property manager

A

. In the property owner / property manager relationship , who is the principal ? A. manager B. owner C. tenant D. tenant and owner

B

A 20 - unit apartment has not had a vacancy in five years . What might the property manager recommend to the owner ? A. enhance the apartments B. raise the rent C. reduce the rent D. make no changes

B

A property manager becomes an agent of a property owner by signing a A. listing agreement . B. management agreement . C. power of attorney . D. specialized statement .

B

A property manager is looking over a rental application from a disabled man . What law prohibits her from discriminating against the applicant because the source of his income is primarily from Social Security ? A. Americans with Disabilities Act B. Equal Credit Opportunity Act C. Fair Housing Act D. There is no such law .

B

A property manager is most likely to be considered a agent . A. comprehensive B. general C. limited D. special

B

A property manager likely CANNOT initiate an eviction proceeding if the tenant A. brings a cat into a property that prohibits non service animals . B. files a complaint against the property owner with the city . C. refuses to take out the garbage , resulting in a rat infestation . D. is two months behind in paying rent .

B

When creating an operating budget , a property manager will include property taxes and insurance in what category ? A. capital expenses B. fixed expenses C. net expenses D. variable expenses

B

A property manager pays for biannual inspections of the HVAC system in the building she manages . This is an example of what type of maintenance ? A. corrective B. cosmetic C. preventive D. routine

C

A tenant complains about everything . The landlord has to listen to his rants at least twice a week . When the tenant involves the city building inspectors , the landlord decides that she can't wait until the lease is up and begins eviction proceedings . This is an example of A. actual eviction . B. constructive eviction . C. retaliatory eviction . D. self - help eviction .

C

As a property manager works on the operating budget for next year , she evaluates the property and makes a note that it might be necessary to replace the furnace next year . This should be included in the budget as A. cosmetic maintenance . B. net operating expenses . C. reserves for replacement D. risk management .

C

A property owner informs the property manager that he cannot rent an available apartment to any minority . What fiduciary duty compels the property manager to follow his client's direction ? A. loyalty B. obedience C. reasonable care D. No duty compels a licensee to follow an illegal direction .

D

Of these , which is MOST LIKELY to have the greatest impact on market rent ? A. management objectives B. property appraisal C. rent rolls D. supply and demand

D

The implied covenant of quiet enjoyment in a lease A. allows landlords to set limits on loud noises in the building . B. is a promise that tenants will call landlords after business hours only in the event of an emergency . C. requires tenants to get permission from neighboring tenants to play music after a certain time D. restricts the landlord's right of entry to the property

D

Which is MOST LIKELY a task that is outside of the scope of authority given to a property manager ? A. authorize repair to the property B. initiate eviction proceedings C. maintain security deposits in an escrow account D. prepare the owner's income tax returns

D

The occupancy standard established for a large apartment complex indicates that two residents per bedroom is reasonable for the space . The property manager could refuse to rent a two - bedroom apartment to A D , his partner J , and their adopted son and daughter . B. L , her daughter K , and K's two children . C. M , her mother A , her sister R , and R's twin infants D. S , a single mother with three children .

C

A tenant is behind in her rent , yet again , and the landlord has had enough . What is the landlord's BEST option for dealing with this tenant ? A. change the locks to keep her out of the apartment B. cut off electricity to the apartment so she will leave C. file a complaint with the county court D. give the tenant a notice to quit

D

Landlord P has had enough with her tenant D. His rent check has bounced twice in the past six months His neighbors have complained that he parks in their designated spots , and he leaves trash in the common hallway . P shuts off his electricity and water and posts an eviction notice on his door . This is an example of A. actual eviction . B. constructive eviction . C. retaliatory eviction . D. self - help eviction .

D

Of these , which is MOST LIKEY to help a landlord ensure compliance with a lease ? A. market rents B. occupancy standards . C. rent control D. security deposits

D