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Property Management ACCURATE AND
VERIFIED FOR GUARANTEED PASS |
GUARANTEED PASS| LATEST UPDATE|2025-
Emergency lighting in halls and entryways of an apartment building should be battery operated, but kept charged by: A. solar panels B. backup generators C. the building's electrical service D. external power cords Correct Answer: C. the building's electrical service Rationale: The primary power source for charging emergency lighting is the building’s electrical service to ensure readiness during outages. Which of the following is most closely related to "DRAM shop liability"? A. Property tax law B. Deep pocket laws C. Lead-based paint regulations D. Eviction procedures Correct Answer: B. Deep pocket laws Rationale: DRAM shop liability is a legal doctrine holding alcohol-serving establishments liable for damages caused by intoxicated patrons, often under “deep pocket” principles. A lock that can be easily pried off, leaving the latch bolt exposed: A. Mortise lock B. Key in knob lock
C. Double cylinder lock D. Deadbolt lock Correct Answer: B. Key in knob lock Rationale: Key-in-knob locks are considered less secure because the mechanism can be pried off, exposing the latch bolt. Risk management means reducing risk to an: A. Impossible level B. Acceptable level C. Minimal level D. Legal level Correct Answer: B. Acceptable level Rationale: Risk management focuses on bringing risks to a level that is acceptable to stakeholders, not necessarily eliminating all risk. A lock that leaves very little wood protecting it is a: A. Deadbolt lock B. Smart lock C. Mortised lock D. Padlock Correct Answer: C. Mortised lock Rationale: Mortise locks are embedded into the door, leaving little wood for reinforcement, thus reducing protection. An umbrella policy is: A. A primary insurance policy B. Health coverage C. A secondary policy D. Fire-only coverage
Rationale: Guard dogs are most effective in open, less occupied areas such as storage yards for deterring intruders. Normal casualty insurance policies do not cover: A. Theft B. Fire C. Earthquakes and floods D. Lightning Correct Answer: C. Earthquakes and floods Rationale: These natural disasters typically require separate insurance coverage. A covert or hidden video camera would not be used as a: A. Crime deterrent B. Surveillance tool C. Evidence collector D. Monitoring device Correct Answer: A. Crime deterrent Rationale: Hidden cameras do not deter crime because they are not visible to would-be offenders. Owners, landlords, and tenant liability (OLT) coverage pays for damages to property caused by: A. Ownership only B. Maintenance only C. Use of the property only D. All of the above Correct Answer: D. All of the above Rationale: OLT coverage includes liability for issues arising from owning, maintaining, or using the property.
Safety rules for an apartment complex include: A. Fire exit markings B. Emergency lighting C. Lock inspections D. All of the above Correct Answer: D. All of the above Rationale: Comprehensive safety in apartments includes multiple elements like lighting, locks, and exits. When a property manager is in doubt about what to disclose, he or she should: A. Withhold information B. Call the owner C. Disclose in writing D. Ignore the concern Correct Answer: C. Disclose in writing Rationale: When in doubt, disclosure in writing protects both the manager and the client legally. Common Interest Developments (CIDs) include which of the following: A. Condominiums B. Stock cooperatives C. Community apartment projects D. All of the above Correct Answer: D. All of the above Rationale: CIDs encompass various forms of shared property ownership including condos and co-ops. A "Floater" policy for personal property would likely be: A. Homeowner’s insurance
D. Parental consent rule Correct Answer: B. Attractive nuisance doctrine Rationale: This doctrine holds owners liable for hazardous conditions that attract children. Best risk management is: A. Total risk elimination B. Risk transfer C. Risk protection D. Risk assumption Correct Answer: C. Risk protection Rationale: The most effective risk management approach is protecting against foreseeable risks. Which of the following are true regarding fire doors? A. They should be self-closing B. They should never be locked in C. They limit a fire’s access to oxygen D. All of the above Correct Answer: D. All of the above Rationale: Fire doors are designed to self-close, restrict oxygen, and must remain unlocked during occupancy. ________ provides the greatest security against forced entry: A. Wooden frame door B. Glass panel door C. Metal clad, solid core D. PVC frame
Correct Answer: C. Metal clad, solid core Rationale: Solid core, metal-clad doors resist forced entry better than other types. OSHA refers to: A. Occupational Safety and Health Act B. Office of Safety and Housing Administration C. Organization of Safety and Hazard Authority D. Occupational System of Hazard Access Correct Answer: A. Occupational Safety and Health Act Rationale: OSHA is the federal agency enforcing workplace safety laws. What type of dead bolt lock violates fire ordinances in some areas of the country? A. Single cylinder dead bolt B. Double cylinder dead bolt C. Spring latch lock D. Chain lock Correct Answer: B. Double cylinder dead bolt Rationale: These locks require a key from both sides and may delay emergency exits. Ideally, the best maintenance program is: A. Reactive maintenance B. Deferred maintenance C. Preventative maintenance D. Seasonal maintenance Correct Answer: C. Preventative maintenance Rationale: Preventative maintenance avoids costly repairs and increases equipment longevity.
C. No workers’ compensation coverage D. All of the above Correct Answer: D. All of the above Rationale: Contract labor reduces employer responsibilities like taxes and benefits. To be cost-effective, items such as faucets and locks used in a building should be: A. Custom made B. Standardized C. Imported D. High-end Correct Answer: B. Standardized Rationale: Standardization simplifies repairs and reduces replacement costs. By standardizing items such as faucets and locks, the repair of the items: A. Becomes costlier B. Requires expert labor C. Becomes easier due to a ready supply of parts D. Takes longer Correct Answer: C. Becomes easier due to a ready supply of parts Rationale: Standard parts are more readily available and reduce downtime. Maintenance schedules tend to get in a rut when tied to: A. Equipment needs B. Calendar dates C. Weather patterns D. Inspection reports Correct Answer: B. Calendar dates
Rationale: Maintenance based solely on calendar dates may overlook actual equipment condition. Maintenance staffing requirements are affected by all of the following except: A. Type of property B. Size of property C. Cultural background of tenants D. Complexity of systems Correct Answer: C. Cultural background of tenants Rationale: Staffing is based on operational demands, not tenant demographics. Which type of roof seldom has to be replaced? A. Asphalt roof B. Wooden shingles C. Tile roof D. Rolled roofing Correct Answer: C. Tile roof Rationale: Tile roofs are durable and can last many decades with minimal maintenance. Which of the following roofs would you not use on a flat surface? A. Asphalt shingle roof B. Built-up roof C. Modified bitumen roof D. EPDM roof Correct Answer: A. Asphalt shingle roof Rationale: Shingles require a slope to shed water and are not suitable for flat roofs.
B. Fiber optic C. Aluminum D. Shielded twisted pair Correct Answer: C. Aluminum Rationale: Aluminum wiring is known to overheat and cause fire risks if not properly maintained. In California, it is considered commingling if a broker fails to deposit trust funds into the account within: A. 1 day B. 3 days C. 5 days D. 7 days Correct Answer: B. 3 days Rationale: Brokers must deposit client funds into trust accounts promptly to avoid legal violations. Replacing the compressor on an air conditioner is considered a: A. Upgrade B. Minor fix C. Repair D. New installation Correct Answer: C. Repair Rationale: A compressor replacement is maintenance that restores the original function. A real estate broker must maintain trust records for a statutory period. That retention period shall run from the: A. Date funds are received
B. Lease signing date C. Date of closing the transaction D. Date of inspection Correct Answer: C. Date of closing the transaction Rationale: Trust record retention begins at closing to comply with audit and legal standards. A notice of nonresponsibility would protect a property manager where: A. A tenant authorized work B. A contractor failed C. The property was foreclosed D. There was unpaid rent Correct Answer: A. A tenant authorized work Rationale: This notice limits the manager’s liability for unauthorized improvements. Which of the following sites would you likely upload your business profile? A. Pinterest B. Reddit C. LinkedIn D. Snapchat Correct Answer: C. LinkedIn Rationale: LinkedIn is the standard platform for business and professional networking. R-value is the measure of the effectiveness of: A. Roofing shingles B. Soundproofing C. Insulation
Rationale: The primary source for keeping emergency lighting charged is the building's electrical system, ensuring consistent power supply unless interrupted. Which of the following is most closely related to "dram shop liability"? A. Criminal negligence B. Attractive nuisance doctrine C. Deep pocket laws D. Constructive notice Correct Answer: C. Deep pocket laws Rationale: Dram shop liability often targets parties with the financial resources ("deep pockets") to pay damages, such as bars serving intoxicated patrons. A lock that can be easily pried off, leaving the latch bolt exposed, is a: A. Mortise lock B. Deadbolt lock C. Key in knob lock D. Padlock Correct Answer: C. Key in knob lock Rationale: Key-in-knob locks are vulnerable because the latch can be easily manipulated or exposed. Risk management means reducing risk to an: A. Impossible level B. Acceptable level C. High-risk threshold D. Guaranteed minimum Correct Answer: B. Acceptable level Rationale: Risk management focuses on reducing exposure to a level deemed tolerable based on safety, cost, and practicality. A lock that leaves very little wood protecting it is a: A. Deadbolt B. Padlock C. Mortised lock D. Chain lock Correct Answer: C. Mortised lock Rationale: Mortised locks are set into a recess in the door and frame, reducing the amount of surrounding wood. An umbrella policy is: A. A fire insurance policy B. A secondary policy C. An auto liability policy
D. A health insurance policy Correct Answer: B. A secondary policy Rationale: Umbrella policies provide additional liability coverage beyond the limits of primary insurance policies. A problem with using a double cylinder lock for an apartment door is: A. It is difficult to install B. It breaks easily C. It causes key duplication D. Difficulty in opening the door in an emergency Correct Answer: D. Difficulty in opening the door in an emergency Rationale: Double cylinder locks require a key on both sides, which can delay exit during an emergency. The standard policy of fire insurance covers: A. Fires B. Lightning C. Loss from removal of property from the above perils D. All of the above Correct Answer: D. All of the above Rationale: Fire insurance typically covers all these perils under a basic policy. Guard dogs would work best for: A. Apartment interiors B. Rooftop gardens C. Storage yards D. Hallways Correct Answer: C. Storage yards Rationale: Guard dogs are most effective in outdoor areas like storage yards to deter intruders. Normal casualty insurance policies do not cover: A. Theft B. Fire C. Earthquakes and floods D. Vandalism Correct Answer: C. Earthquakes and floods Rationale: These events are usually excluded and require special coverage. A covert or hidden video camera would not be used as a: A. Surveillance tool B. Crime deterrent C. Monitoring device D. Evidence collection tool
Correct Answer: C. Inland marine insurance Rationale: Floater policies, typically under inland marine insurance, cover personal property that moves. With regards to resort management, the shorter the rental period the: A. Lower the rent and fee B. Lower the taxes C. Higher the rent and management fee D. Higher the depreciation Correct Answer: C. Higher the rent and management fee Rationale: Short-term rentals require more frequent management and yield higher revenue per day. A way to insure against theft by an employee would be to obtain a: A. Blanket bond B. Surety bond C. Fidelity bond D. Performance bond Correct Answer: C. Fidelity bond Rationale: Fidelity bonds specifically protect against employee dishonesty or theft. An owner can be found liable if his or her property has a condition likely to attract small children and the property poses danger under the: A. Premises liability law B. Safe Harbor Act C. Attractive nuisance doctrine D. Caveat emptor doctrine Correct Answer: C. Attractive nuisance doctrine Rationale: This legal doctrine holds owners responsible for hazards that attract and harm children. Best risk management is: A. Risk elimination B. Risk denial C. Risk protection D. Risk transfer Correct Answer: C. Risk protection Rationale: Managing risk through protection mechanisms like insurance and safety procedures is essential. Which of the following are true regarding fire doors? A. They should be self-closing B. They should never be locked in
C. They limit a fire’s access to oxygen D. All of the above Correct Answer: D. All of the above Rationale: All listed features help fire doors effectively contain fire and smoke. _______ provides the greatest security against forced entry: A. Hollow wood doors B. Metal clad, solid core C. Glass panel doors D. Sliding glass doors Correct Answer: B. Metal clad, solid core Rationale: These doors are durable and difficult to break through. OSHA refers to: A. Occupational Safety and Health Act B. Official Standards for Housing Authority C. Organization of Safety for Hazardous Areas D. Occupational Standards for Housing Administration Correct Answer: A. Occupational Safety and Health Act Rationale: OSHA is the federal act that governs workplace safety standards. What type of dead bolt lock violates fire ordinances in some areas? A. Thumb turn dead bolt B. Key-in-knob lock C. Double cylinder dead bolt D. Single cylinder lock Correct Answer: C. Double cylinder dead bolt Rationale: These require a key from both sides, which can be a fire escape hazard. Ideally, the best maintenance program is: A. Routine maintenance B. Emergency maintenance C. Preventative maintenance D. Contract maintenance Correct Answer: C. Preventative maintenance Rationale: Preventative maintenance reduces long-term costs and emergency repairs. The preferred security alarm system is the: A. Motion sensor B. Closed circuit alarm system C. Open circuit system D. Audible-only system
