25. When a landowner leases unimproved land to a tenant who agrees to erect a bu

Question

25. When a landowner leases unimproved land to a tenant who agrees to erect a building on the land, the lease is usually referred to as a A. B. Mineral rights lease C. Lease purchase D. Ground Lease Variable Lease 26. All of the following are risk management techniques Except: A. Retain B. Control C. Tenant's Insurance D. Transfer 27. All of the following are common types of insurance coverage available to income property owners managers EXCEPT: and A. Fire and Hazard B. Liability C. Floor D. Tenant's Insurance 28. All of the following are types of maintenances EXCEPT: A. Routine B. Avoid C. Corrective D. Preventive 29. Preventive maintenance does which of the following? A. B. C. D. Provides estimates for tenants repairs Makes a property meet tenants needs Corrects problems after they've occurred Helps prevent problems and expenses 30. A property managers job is to: Increase the rent as need for the profitability of the owner A. B. Preserve and increase the value of the property C. Make sure the owner always has money for family vacations Invest the rental income to improve the profit for years' end cash flow D. RELMS Stands for: A. B. C. D. 31. Real Estate Licensing Management System Real Estate Mortgage System Real Estate Licensing and Mortgage System Real Estate Licensing Monitoring System

Explanation / Answer

25.C lease purchase

26.D transfer

27.D tenants insurance

28.B avoid

29.D helps prevent problemsand expences

30.A increase the rent as need for the profitability of the owner

31.D real estate liscencing management system

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