Risk Management and Environmental Issues Related to Real Property Management Quiz Attempt #4

Risk Management and Environmental Issues Related to Real Property Management Quiz Attempt #4

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*Georgia Community Association Management*

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Question 1 of 10

1. Question
What action would an owner filling in an in-ground swimming pool after purchasing an apartment complex be?
- controlling the risk
- avoiding the risk
- managing the risk
- transferring the risk
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Question 2 of 10

2. Question
An oral agreement as complex as a property management contact would be considered to be ________ for payment to the property management company without being in writing.
- binding
- enforceable
- an oral contract is not considered official
- an oral contract is considered both binding and enforceable
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Question 3 of 10

3. Question
_______ insurance provides coverage for damage caused by flooding.
- natural disaster
- general
- flood
- water
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Question 4 of 10

4. Question
What is a way for a property manager to minimize problems with a tenant?
- To talk with the tenant about the tenant's conduct
- To discuss and give a copy of the rules and regulations to the tenant
- To tell the tenant to ask the other tenants to behave
- To say nothing until there is a problem
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Question 5 of 10

5. Question
What is the difference between preventive maintenance and corrective maintenance?
- preventive maintenance occurs after the failure to ensure it from not happening again
- preventive maintenance is keeping the equipment in working order
- corrective maintenance is correcting the equipment so it wont fail in the future
- corrective maintenance is the correction of any equipment that could fail
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Question 6 of 10

6. Question
In Georgia Errors and Commissions ___________
- Required for all companies with more than ten licensees
- Required for all licensees
- Required for all companies with more than one office
- Not Required
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Question 7 of 10

7. Question
Which of the following aspects is the MOST important for a property manager to use to qualify and screen a potential tenant?:
- the number of disabled customers and handicap needs
- "moving dates and number of children "
- financial history status and space requirments
- commission earned for special need tenants
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Question 8 of 10

8. Question
Upon completion a certification program offered through Applied Measurement Professionals, you will have earned designation as a ____.
- Certified Manager of Buildings
- Community Association Manager
- Specialized Property Expert
- Certified Property Manager
- None of the above
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Question 9 of 10

9. Question
Which of the following is the community association management responsible for?
- Collecting, controlling, or disbursing the funds from the community association
- Hiring pest control services (on an as-needed basis)
- Enforcing covenants that preserve and improve the homes and property within that development.
- All of the above
- None of the above
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Question 10 of 10

10. Question
How long is allowed for parties to file a discrimination suit with HUD?
- Six months
- One year
- Two years
- Three years
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