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1. Which of the following would occur in a Phase II Environmental Site Assessment?
A) Review of soil and water samples
B) Review of compliance with statutes
C) Review of adjacent and surrounding properties
D) Review of past and current property activities
2. A property manager received a call from their asset manager quest-ioning the completion of the installation, as well as the processing and payment of the invoice, for a chiller rebuild. What is the name of the comprehensive documentation process that the property manager followed?
A) Financial auditing
B) Project tracking
C) Audit trail
D) Transaction documentation
3. A building manager for a large financial center is tasked with procuring a full elevator maintenance contract.
Which of the following statementsBESTdescribes the purpose of obtaining a full maintenance contract for elevators?
A) To prevent elevator problems
B) To minimize parts and labor costs
C) To share liability in accident claims
D) To maximize budget savings
4. A tenant has filed a claim against a property management company's architect, alleging financial loss suffered as a result of non-performance on a space design contract. Which of the following insurance policiesBEST protects the architect from this claim?
A) Employee benefits liability insurance
B) Professional liability insurance
C) Fiduciary liability insurance
D) Employment practices liability insurance
5. A property manager has been given the responsibility for hiring and managing a leasing team. Which of the following is the MOST important to improve leasing outcomes?
A) Determine an appropriate compensation structure.
B) Set obtainable goals.
C) Monitor performance and report to ownership.
D) Provide an adequate budget for marketing materials.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: B |
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