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1. A property manager is overseeing a tenant improvement project in an older office building. Asbestos insulation was discovered behind the walls. Which type of project change BEST describes this delay?
A) Disruptive
B) Constructive
C) Actual
D) Accelerated
2. Which of the following options MOST accurately describes industry best practices for maintenance programs?
A) Follow manufacturer-recommended preventive maintenance procedures, schedule regular inspections, and maintain written records.
B) Follow in-house maintenance procedures, schedule property inspections on an ad hoc basis, and maintain written records in any format they choose.
C) Follow local building code, periodically inspect the property, and contact the asset manager if there are problems.
D) Follow third-party vendor-recommended maintenance procedures, schedule periodic inspections, and maintain cursory notes of maintenance procedures.
3. A tenant in a multi-story, multi-tenant office building has requested dock access for furniture moving. Which item should the property manager request of the tenant's contractor before work begins?
A) Right of entry
B) Performance bond
C) Waiver of restoration
D) Certificate of insurance (COI)
4. Which of the following entities isMOSTlikely to be omitted from a standard property insurance policy?
A) Mortgagees
B) The named insured
C) Adjacent property owners
D) The property manager
5. A senior property manager wants to ensure members of the management team understand how a curtain wall system works. How can the senior property manager best describe thePRIMARYdistinguishing features of a curtain wall?
A) Defines the elevator shafts and fire stair tower
B) Carries the structural load of the foundation and roof
C) Keeps the weather out and carries no vertical structural loads
D) Secures the leased premises of each commercial tenant
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: C |
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