Question

Which of the following is not part of a management plan

Question 13 options:

1)	Knowing what the objectives are of the property owner.

2)	Knowing your building and it's tenants.

3)	Soliciting prospective tenants.

4)

Determining the precise niche the building can fill in its neighborhood.

Question 10 (2 points)

If a seller enters into an open listing agreement with a broker and then sells the property himself, he is not liable for a commission to that broker.

Question 10 options:

1)

True

2)

False

Question 11 (2 points)

A landlord offers to pay a tenant's moving expenses in order to persuade the tenant to sign a lease. This is an example of what?

Question 11 options:

1)	a concession

2)

a bribe

3)	an incentive

4)

a deal

Answer 1

Answer 13 - 4

A property manager is responsible for knowing the objectives of the owner, knowing the building, it's tenants and soliciting prospective tenants. The fourth option is not valid.

Answer 10 - False

If the owner had not engaged any real estate agent, he wouldn't have paid comission. As he has engaged a real estate agent, he is liable to pay the comission. He may engage many such real estate agents to buy a potential buyer and may pick the best deal amongst them.

Answer 11 - 1

A concession is a rebate that a landlord offers a tenant to try to convince the tenant to move into the rental property or sign a lease.