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1. A tenant in a high-rise office building has submitted several service requests for trash pickup at the start of the work day. What should the property manager conduct to ensure the custodial vendor is addressing this issue?
A) Quality control inspection
B) Vendor performance review
C) Customer visit
D) Tenant satisfaction survey
2. A landlord has hired an electrician to rewire a vacant floor in an office building. Before work can commence, the property manager wants to verifythat the contractor has liability coverage for their negligent acts. Which of the followingMOSTaccurately describes this type of coverage?
A) Fire damage insurance
B) Personal liability insurance
C) General commercial liability insurance
D) Workers' compensation insurance
3. Which of the following entities isMOSTlikely to be omitted from a standard property insurance policy?
A) Mortgagees
B) Adjacent property owners
C) The named insured
D) The property manager
4. A tenant in a commercial building is considering moving to a competitor's property. Which of the following strategies would be most effective in encouraging the tenant to remain in the building?
A) Allow the tenant to sublease without any restrictions.
B) Inform the tenant that no changes can be made to their lease terms.
C) Offer a rent reduction or financial incentive.
D) Improve the building's amenities and offer custom space improvements.
5. A property manager is determining how much to lease their newly vacant space for. The manager has compiled data from neighboring buildings about their rents, vacancy, amenities, and absorption. The manager should use this data to create what kind of report?
A) Logistics assessment
B) Market comparable
C) Building analysis
D) Property assessment
Solutions:
Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: B |
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