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1. 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?
A) The vendor's compliance with the building's sustainability goals.
B) The vendor's ability to provide the lowest cost estimate.
C) The vendor's willingness to offer discounts for long-term contracts.
D) The vendor's history of providing landscaping services to similar buildings.
2. What is the MOST effective strategy a property manager should use to solicit tenant input for developing a building-wide risk mitigation plan?
A) Include a survey in tenant rent billings.
B) Hire a third-party environmental consultant to contact tenants to ask about Occupational Safety and Health Act (OSHA) compliance.
C) Host tenant events to identify the information leaders in each organization.
D) Call one tenant every week to ask about workplace hazards.
3. A property manager is evaluating vendors, suppliers, and contractors to perform routine building maintenance operations. Which of the following is MOST important when choosing between competing proposals?
A) Select lowest cost option.
B) Develop a spreadsheet to compare proposals.
C) Consider prior work relationship.
D) Retain current contractor if prices remain flat.
4. Which of the following items are usually included in determining the appropriate amount of property insurance coverage?
A) Landscaping
B) Land
C) Parking surfaces
D) Signage
5. Property managers work under the direction of an asset manager. Which of the following is the core task of every asset manager?
A) Preservation and creation of value
B) Identification of capital sources
C) Assembly of a property team
D) Determination of highest and best use
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: A |
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