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Last Updated: Jul 31, 2026
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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
|
| Property Financial Analysis & Performance | 35% | - Financial statement review and interpretation
|
| Lease Administration & Tenant Relations | 25% | - Tenant communication and conflict resolution
|
1. When developing a marketing plan for a building, which of the followingMOSTlikely determines whether a deal is reached?
A) Identifying which benefits and/or features to emphasize
B) Gathering detailed competitive building data to determine the relative position in the market
C) Establishing the proper rent to quote and accept
D) Assessing the overall economic conditions in the market
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) Double net
B) Industrial gross
C) Triple-net (NNN)
D) Absolute net
3. A property manager is evaluating vendors, suppliers, and contractors to perform routine building maintenance operations. Which of the following is MOST important when choosing between competing proposals?
A) Select lowest cost option.
B) Retain current contractor if prices remain flat.
C) Consider prior work relationship.
D) Develop a spreadsheet to compare proposals.
4. A tenant in a multi-tenant office building is requesting a reduction in rent due to financial hardships. The tenant has been leasing space in the building for five years. Which of the following is the most appropriate first step for the property manager to take?
A) Consult the building's owner and review the lease agreement before responding to the tenant.
B) Offer to reduce rent by 50% as a short-term solution to keep the tenant.
C) Suggest that the tenant vacate and find a more affordable space.
D) Agree to the rent reduction immediately, as tenant retention is a priority.
5. In addition to standard commercial liability insurance, a lease requires auto coverage for tenant-owned vehicles that are parked on the property. Which document describes how the auto insurance will be added to the commercial liability coverage?
Options:
A) Certificate of insurance (COI)
B) Claim
C) Insurance binder
D) Endorsement
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: A | Question # 5 Answer: D |
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