Residential or commercial property manager

Question 1

Definition of property management

Answer 1

Managing a property of another 4 a fee

Question 2

Three exceptions for license requirement in property management

Answer 2

Employee of the entity renting its own property, unlicensed salary employees, HOA management

Question 3

What is a property managers primary job

Answer 3

Maximus owners net income

Question 4

Property managers must have written what

Answer 4

Property management agreement

Question 5

What type of agency agreement is created with property management

Answer 5

General agency

Question 6

What is the most important component of property management

Answer 6

Management plan that meets objectives

Question 7

In a property management office unlicensed assistance of the property manager can

And cannot

Answer 7

Show rentals, collect rent, fill in blank

Cannot negotiate, receive commission, give advice

Question 8

How can a property management be paid

Answer 8

Percentage, flat fee, per unit, or a variation