Quiz 13 (RE PRACTICE)

1. The Unruh Civil Rights Act is a: a. California act. b. federal act. c. city act. d. none of the above.

a (p. 437)

4. If an agent is asked to discriminate in the sale of a property, the agent: a. must refuse the listing. b. must take the listing. c. has the option of taking the listing. d. can take the listing only with permission from the CalBRE.

a (p. 442)

8. A notice that the tenant has three business days to pay all past due rent or vacate the property or face an unlawful detainer is called a: a. Three-Day Notice To Pay Rent Or Quit." b "Pay or Move Notice." c. Summons. d. "Notice of Pending Eviction."

a (p. 446)

12. A person who, or entity that for compensation or in expectation of compensation, exercises control over the assets of a common interest development is referred to as the: a. managing agent. b. board president. c. facilities director. d. project superintendent.

a (p. 469)

18. The designation "CPM" refers to: a. Certified Property Manager. b. California Property Manager. c. Certified Public Manager. d. none of the above.

a (p. 473)

19. The designation AMO refers to: a. Accredited Management Organization. b. Accounting Management Organization. c. American Merchant Organization. d. none of the above.

a (p. 473)

2. The California Act that prohibited steering and blockbusting was the: a. Unruh Corporations Act. b. Unruh Civil Rights Act. c. Civil Rights Act of 1900. d. none of the above.

b (p. 437)

3. The refusal of a loan or insurance based upon a property's location (zip code) is called: a. bluelining. b. redlining. c. yellowlining. d. greenlining.

b (p. 440)

7. The most profitable, physically possible, and legally permissible use for a property is described as: a. zoning compliance. b. "highest and best use." c. net operating income. d. capitalization rate.

b (p. 445)

9. Any rental agreement that ends over one year from the date of signing: a. should be in writing. b. must be in writing. c. must be notarized. d. must be recorded.

b (p. 455)

11. Ultimately, who is responsible for the management of an HOA? a. The management company b. The board of directors c. Individual owners d. The Governor

b (p. 467)

14. Delaying the fixing of existing repairs is called: a. smart management. b. deferred maintenance. c. denied maintenance. d. debilitating management.

b (p. 471)

17. A professional association for property managers that is a division of the National Association of REALTORS® (NAR) is: a. the Association of Property Managers (APM). b. the Institute of Real Estate Management (IREM). c. the Nationwide Managers Association (NMA). d. the Professional Property Managers Guild (PPMG).

b (p. 472)

20. CALGreen is: a. a drought resistant brand of grass. b. the short name for the "California Green Building Standards Code." c. the official color for all California park maintenance vehicles. d. none of the above.

b (p. 473)

6. Licensed real estate brokers who represent more than one owner in managing more than one property are referred to as: a. multiline brokers. b. building superintendents, c. outside managers. d. real estate managers.

c (p. 443)

10. Residential property is usually rented under the terms of a: a. single net lease. b. percentage lease. c. gross lease. d. triple net lease.

c (p. 463)

16. "Section 8" refers to: a. high-income housing. b. medium-income housing. c. low-income housing. d. free housing.

c (p. 472)

5. Besides residential, the basic types of income-producing properties include: a. commercial office buildings. b. retail property. c. industrial property. d. all of the above.

d (p. 442)

13. As a property manager, your responsibilities will include: a. maintenance of the building. b. caring for mechanical equipment. c. planning and implementing a modernization program. d. all of the above.

d (p. 471)

15. By California law, no governmental agency can adopt any rent control restrictions on: a. retail property. b. commercial office property. c. industrial property. d. all of the above.

d (p. 472)