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NEW QUESTION # 33
A tenant in a high-rise office building has submitted several service requests for trash pickup at the start of the work day. What should the property manager conduct to ensure the custodial vendor is addressing this issue?
Answer: A
Explanation:
Aquality control inspectionallows the property manager to directly verify whether the custodial vendor is fulfilling their service obligations, such as timely trash pickup. This proactive approach helps ensure service issues areidentified and corrected based on observed performance rather than relying solely on feedback.
NEW QUESTION # 34
Which of the following is considered a "controllable" operating expense?
Answer: A
Explanation:
Acontrollable operating expenserefers to costs that a property manager has the ability to influence or control.
Vendor contractsfall into this category because a property manager can negotiate rates or change service providers. On the other hand, property insurance, energy costs, and property taxes are typically less controllable.
NEW QUESTION # 35
Current expenses on the property are $1,700,000.
The most recent Experience Exchange Report (EER) for similar properties in the market showsaverage expenses of $10.00 per square foot.
What percent are the expensesbelow the market average?
Answer: D
Explanation:
From Scenario 2:
* Property size =200,000 sq ft
* Current expenses =$1,700,000
* Market average expenses =$10.00/sq ft
Step-by-Step Calculation:
NEW QUESTION # 36
A property manager needs to select a new vendor for landscaping services for a high-rise office building.
Which of the following should be the property manager's primary criteria when evaluating the vendor?
Answer: A
NEW QUESTION # 37
Which of the following is MOST likely categorized as a manager of technical professionals?
Answer: D
NEW QUESTION # 38
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