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Updated: Aug 19, 2026
Q & A: 130 Questions and Answers
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| Section | Objectives |
|---|---|
| Topic 1: Property Management Operations | - Operational Decision Making
|
| Topic 2: Financial Management | - Asset Financial Analysis
|
| Topic 3: Applied Capstone Assessment | - Real-World Scenario Application
|
| Topic 4: Environmental Health and Safety | - Risk and Compliance
|
| Topic 5: Asset Management | - Strategic Property Management
|
1. Which of the following factors isMOSTinfluential on tenant lease renewals?
A) Curb appeal of the property
B) Rental rate
C) Vending amenities in common areas
D) Customer service
2. What is the FIRST step in the Plan-Do-Check-Act (PDCA) continuous improvement process as it relates to maintaining compliance with sustainability certifications and related legal requirements?
A) Identify an environmental problem in the building that can be mitigated by compliance.
B) Apply on a larger scale throughout the building if the implementation has been successful.
C) Develop a series of steps to mitigate the issue using the certification system or legal compliance.
D) Assess the effectiveness of the strategy that has been developed and implemented.
3. A property manager has planned and budgeted a chiller teardown for a medical office building. The work was scheduled to be completed in March. Due to a long lead time for parts, the work was not completed until May.
The property manager will need to calculate the difference between actual and budgeted costs and report this information to the building owner. What is this called?
A) Expense
B) Audit
C) Accrual
D) Variance
4. Which time frameBESTreflects the budget reporting frequency required by most building owners?
A) Monthly
B) Semi-annually
C) Annually
D) Quarterly
5. Which of the following is required under the Americans with Disabilities Act (ADA) for a commercial building?
A) Restrooms must be accessible, but only on the ground floor.
B) All signage must be in Braille, regardless of the size of the building.
C) A ramp must be installed if there are more than three steps at the building's entrance.
D) Elevators must be available in all buildings above three floors.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: C |
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