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WorksheetsProperty Management (Haupt) Chapter 1
Total questions: 10
Worksheet time: 3mins
Which of the following is an example of a special purpose property?
Industrial park
Hotel
Planned unit development
Strip mall
A/n ( (a) ) manager is employed by an institutional owner to manage the property it is occupying.
Most of the property under professional management in the United States is income-producing property.
True
False
The function of the manager of an income-producing property is:
generating expenses for the owners
monitoring the value of the property
achieving the objectives of the owners
all of the above
In a few states, professional property managers must hold either a real estate license or a property manager's license.
True
False
A management plan presents the media and infrastructure strategy for a property.
True
False
Which of the following is not one of the main types of managed properties?
Retail
Industrial
Agricultural
Residential
Property managers may work directly for property owners.
True
False
A residential site manager typically isn't responsible for:
paying utility bills
supervising maintenance and support staff
screening tenants and collecting rents
investment decisions
A site manager is responsible for the day-to-day tasks required to manage several properties.
True
False
