Practice & MathCâu 91 / 100
A key responsibility of a property manager is to:
a.Personally guarantee the owner's mortgage
b.Appraise the property for lending purposes
c.Set property tax rates for the county
d.Maximize the owner's return while maintaining the property's value
Giải thích
A property manager's core duty is to protect the owner's investment by maximizing income and preserving or enhancing the property's value. This includes marketing, leasing, maintenance, and financial reporting. The manager acts as the owner's fiduciary agent.
Luyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Approximately how many acres is a parcel containing 87,120 square feet?
- A home sells for $320,000 and the total commission rate is 6%. What is the total commission?
- A $19,200 total commission is split 50/50 between the listing and selling brokerages, and the listing salesperson keeps 60% of their brokerage's share. How much does that salesperson earn?
- A property owner wants a 12% annual return on a $250,000 investment. What annual net income must the property generate?
- A property management agreement between an owner and a property manager typically creates:
- The process of weighing the value estimates from multiple appraisal approaches into a final opinion of value is called:
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