Unit 21 Quiz Attempt #4

Which of the following is included in the management agreement?

The main responsibility of a property manager is to

Property managers have a ______relationship with the property owner

What are the three types of budgets a manager should establish?

What are the three kinds of maintenance manager has to carry out for a property?

Which of the following is an essential element of a property management agreement?

Fire hazard policies usually require the coverage to be an amount equal to at least _____ percent of the replacement value.

Liability covers for

What does consequential loss, use, and occupancy cover for?

What is corrective maintenance

Workers’ compensation is defined as

Which of the following is true?

What does a development property manager do?

One who holds a real estate license is

An item is said to be paid in arrears if it is normally paid

If an accrued interest would appear as a debit on the seller, the accrued interest on the existing home loan is paif by whom?

A lender in Georgia may add ______ number of months since the tax bill was paid to arrive at a total required for the tax escrow account? The lender may require the borrower at closing to prepay into that account funds sufficient to pay taxes for that total of months.

In a Georgia closing, what would not appear as a debit on the seller’s closing statement?

In Georgia, the responsibility for ensuring the accuracy of any promissory notes involved in a closing belongs to the:

In Georgia, a closing involving rental property takes place on December 15. Tenants pay rent on the first day of each month. At the closing, the _______ will owe the ______ 16 days’ rent3

A profit and loss statement has all except:

Define a escrow disbursements:

In the state of Georgia, which of the following would not be listing as debt on the seller’s closing statement?

At the end of the transaction, the buyer gifts the agent with $500 for working so hard. What is true about this?

In the state of Georgia, a lender requires borrowers to prepay property taxes into an escrow account. How many months will the lender add to the total to determine how much money the borrower is required to pay into escrow?

The seller is made to ____ in a sales contract.

Tenants pay rent to their rental property each month of the 1st. The closing of the rental property in Georgia takes place on December 15. What happens at the closing?

Before a closing a broker or salesperson may…

A statement made for the owner but does not reflect the entire debt expense

A written contract is signed by a buyer and a seller stating the terms and conditions under which the property they will be sold is called the _______