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1. What is a management proposal?
A) a budget for variable expenses
B) a subdivision plan that includes residential dwellings along with nonresidential real estate
C) a report prepared by the property manager that informs the property owner(s) of their property's expenses, income, and disbursements
D) a plan a property manager creates for managing a property, including an analysis of the market, financial standing, and operating budget
2. All of the following are examples of legal descriptions of property EXCEPT:
A) 8647 Notting Hill Drive, Berkshire, Colorado 52467
B) SW 1/4 of NW 1/4 of NE 1/2 of T3N R4E of Meridian 16
C) Lot E, Block 14 of West Lake Village, Orange County, Texas
D) Lot A, Block 2 of Shady Tree Subdivision, Madison County, Wisconsin
3. Sellers and license holders are required to disclose lead- based paint hazards on all properties built before:
A) 1972
B) 1978
C) 1974
D) 1976
4. What is the purpose of the Do Not Call Registry?
A) It bans bait-and-switch ads.
B) It governs the use of commercial email advertising.
C) It regulates telemarketing activities from commercial organizations.
D) It has three main truth-in-advertising provisions.
5. What is a building permit?
A) document that permits changing the zoning of one small area within the existing zoning
B) document that permits landowners to use land in a way that is typically not permitted by land use restrictions of zoning law
C) written permission from the government to seize private property for public use
D) legal document from a local authority that authorizes a construction or remodeling project
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: C | Question # 5 Answer: D |
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