Overview of Property Management Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. What law requires that a lease with a duration of more than one year be in writing and signed by the landlord and tenant?

Question 2 2. Tim owns a toy store and is leasing space in a strip mall. He has to pay rent, real estate tax and insurance. What type of lease does Tim have?

Question 3 3. Jim's business 'Java and Scones' leases space at a retail mall. The company that manages the mall requires him to pay base rent as well as a portion of his sales revenue. Based on the information provided, what type of lease is this?

Question 4 4. What must the tenant pay in a gross lease?

Question 5 5. A ____ is implied in most residential leases.

Page 2

Question 6 6. Which one of the following is not a property management revenue model?

Question 7 7. A property manager who specializes in making sure that a property performs well financially is:

Question 8 8. An individual or business that has a lawful right to occupy a property for a specified period of time is:

Question 9 9. A lease is:

Question 10 10. A property manager's responsibilities include the following, EXCEPT:

Page 3

Question 11 11. Which of the following is an example of a landlord's right?

Question 12 12. Which of the following is an example of a physical inclusion provided by a landlord?

Question 13 13. Landlords are required by federal law to disclose information about ________ to tenants of a rental property.

Question 14 14. Which of the following is an example of a constructive eviction?

Question 15 15. Which of the following building problems would NOT affect habitability of a rental unit?

Page 4

Question 16 16. What is the master budget?

Question 17 17. What is the capital expenditure budget?

Question 18 18. What are capital expenses?

Question 19 19. What is depreciation?

Question 20 20. What is the budgeted financial statement?

Page 5

Question 21 21. What is one of the uses of operating budgets?

Question 22 22. What do operating budgets show?

Question 23 23. What is an operating budget?

Question 24 24. What types of budgets are operational budgets?

Question 25 25. Why are creating estimated budgets important to a business?

Page 6

Question 26 26. Which of the following is an example of constructive eviction?

Question 27 27. What paperwork does a landlord serve a tenant with after they have filed for eviction proceedings in court?

Question 28 28. A landlord has obtained a judgment ordering the eviction of his tenant. Who may the landlord have enforce the judgment?

Question 29 29. Which of the following is an appropriate time to use an unconditional quit notice?

Question 30 30. A tenant has adopted a cat in a property that has a no-animals clause in its lease. The landlord will not allow the tenant to stay if they do not remove the cat. What kind of notice is appropriate?

Overview of Property Management Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Alabama Real Estate Broker Pre-License Exam: Study Guide & Practice  /  Business Courses
Support