When demand falls and the vacancy rates rise, the result is decreased competitio

Question

When demand falls and the vacancy rates rise, the result is

decreased competition for tenants and increased rental rates.

decreased competition for tenants and reduced rental rates.

fierce competition for tenants and increased rental rates.

fierce competition for tenants and reduced rental rates.

When a property manager or management company performs real-estate-related tasks (such as collecting rent) for one owner, and that owner is paying the manager a salary,

the property manager must have a real estate salesperson license.

the property manager must have a real estate brokers license.

the property manager is not required to have a real estate license.

the property manager must have a dual license (real estate and mortgage).

Explanation / Answer

1 Fierce competition for tenants and reduced rental rates.

When the demand is low then the hotels or landlords struggles to get the reaming tenants so that somehow they get the income hence competition is increased. For that they reduce the prices.

2 the property manager is not required to have a real estate license.

The property manager is working for the owner hence the manager need not to have real estate license but yes the owner should have

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.