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| Section | Weight | Objectives |
|---|---|---|
| Strategic Decision Making & Leadership | 20% | - Portfolio optimization and improvement planning
|
| Operations & Maintenance Strategy | 20% | - Preventive vs corrective maintenance planning
|
| Lease Administration & Tenant Relations | 25% | - Tenant communication and conflict resolution
|
| Property Financial Analysis & Performance | 35% | - Asset valuation and market analysis
|
Question 1
A property manager is performing a risk assessment of a business continuity plan. What type of plan is a business continuity plan?
A. Disaster plan
B. Backup plan
C. Service plan
D. Emergency plan
Question 2
The results from a real estate company's annual employee satisfaction survey suggest that workers are dissatisfied with organizational culture, performance recognition, and management's approach to communication. Management is considering strategies to solicit employee input by holding meetings with no agenda, no directive leadership patterns, and no power or status positions. Which of the following organizational development (OD) strategiesMOSTclosely aligns with these guidelines?
A. Workforce development training
B. Behavior modeling
C. Grid training
D. Sensitivity training
Question 3
Property managers keep a database of all tenant and property reports. There is a potential tenant looking for a new space in a property manager's building, as well as a current tenant who wants to move into a larger vacant space within the same building. Which reportBESTsupports the property manager's decision based on available square footage, expiration dates, and vacancies?
A. Rent roll
B. Tenant profile
C. Lease expiration report
D. Stepped rent report
Question 4
A landlord and prospective tenant are negotiating the insurance provisions of a commercial office lease. The lease is a triple-net (NNN) agreement, and the landlord will recapture the tenant's pro-rata share of annual property insurance expenses. The landlord and tenant agree to include a clause stipulating that in the event of a property loss, each party will collect from their own respective insurance policies regardless of fault. What is the appropriate term for this clause?
A. Mutual waiver of subrogation clause
B. Errors and omissions clause
C. Hold-harmless clause
D. Mutual indemnification clause
Question 5
A component has malfunctioned after the final commissioning of a new chiller. The warranty is located, and the property manager confirms the part is covered. This part is critical and requires immediate replacement.
Where is the warrantyMOSTlikely to be stored for easy reference?
A. Mechanical engineer's office
B. Building engineer's office
C. Management office
D. Technical library
Solutions:
| Question 1 Answer: A | Question 2 Answer: D | Question 3 Answer: A | Question 4 Answer: A | Question 5 Answer: A |
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