CANVAS QUIZ: Chapter 13 Flashcards
The Unruh Civil Rights Act is a:
a. California act.
The California act that prohibited steering and blockbusting was the:
b. Unruh Civil Rights Act.
The refusal of a loan or insurance based upon a property’s location (zip code) is called:
b. redlining.
If an agent is asked to discriminate in the sale of a property, the agent:
a. must refuse the listing.
Besides residential, the basic types of income-producing properties include:
- commercial office buildings
- retail property
- industrial property
Licensed real estate brokers who represent more than one owner in managing more than one property are referred to as:
c. outside managers.
The most profitable, physically possible, and legally permissible use for a property is described as:
b. highest and best use.
Any rental agreement that ends over one year from the date of signing:
b. must be in writing.
Residential property is usually rented under the terms of a _____ lease:
c. gross
A notice that states 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 or quit.
Ultimately, who is responsible for the management of an HOA?
b. the board of directors.
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.
As a property manager, your responsibilities include:
a. maintenance of the building.
b. caring for mechanical equipment.
c. planning and implementing a modernization program.
d. all of the above.
- maintenance of the building.
- caring for mechanical equipment.
- planning and implementing a modernization program.
Delaying the fixing of existing repairs is called:
b. deferred maintenance.
By California law, governmental agencies CANNOT adopt rent control restrictions on:
- commercial office.
- retail property.
- industrial property.
“Section 8” refers to what type of housing?
c. low-income housing.
A professional association for property managers that is a division of the National Association of REALTORS® (NAR) is:
b. the Institute of Real Estate Management (IREM).
The designation “CPM” refers to:
a. certified property manager.
The designation AMO refers to:
a. Accredited Management Organization.
CALGreen is:
a. a drought resistant brand of glass.
b. short for “California Green Building Standards Code”
c. the official color for all California park maintenance vehicles.
d. not applicable to new residential construction in California.
b. short for “California Green Building Standards Code”
