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Search Homes
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Advanced Search
Sell Your Home
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Professional Real Estate Photography & Processing
In-House Real Estate Marketing & Design
Communities We Serve
Greensboro NC
High Point NC
Kernersville NC
Lexington NC
Winston-Salem
Lewisville and Clemmons
King NC
Mocksville NC
Other Areas
Salisbury NC
Lake Norman
High Rock Lake
About Mantle
Mantle Real Estate Agents
Blog
Contact Mantle
Review Us
Resources
Guide to Buying a Home
Guide to Selling Your Home
Home Buyer Terms
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Property Management Exam Prep
Property Management Exam Prep
A valid lease would NOT contain which of the following
clause excluding children
signatures of the parties
warranty of habitability
rights and obligations of the parties
A lease with a definite termination date creates a/an
estate for years
periodic estate
month-to-month tenancy
estate at will
The kind of agency created by the property management agreement is
universal
general
free
specific
A property management contract is a
lease
personal services contract
chattel agreement
contract for services
Cash flow is
not a concern for property managers
the same as net income
the net income minus principal and interest payments on the mortgage
potential gross income minus operating expenses
If the landlord and the area real estate manager of a national retailer both execute a lease, and the corporation fails to occupy the premises, what might prevent the landlord from enforcing the terms of contract?
The broker did not have a written listing
No corporate resolution granting signing authority to the real estate agent manager was approved
The economy declined and the retailer was closing other stores
The real estate manager had authority to make the deal
A lease can be terminated by:
Abandonment by the tenant
Refinancing
Expiration of the lease
Selling the building
A tenant's lease has expired. The tenant has neither vacated nor negotiated a renewal lease, and the landlord has declared that he does not want the tenant to remain in the building. This tenancy is called:
Tenancy at sufferance
Estate for year to year
Tenancy at will
Tenancy in common
Which lease is most likely to be used in a retail dress shop?
Percentage lease
Net lease
Land lease
Gross lease
John asks his next-door neighbor, Bob, to help manage his four-unit apartment complex. John agrees to pay Bob $100.00 for each lease he executes. May Bob manage John's property?
Yes, as Bob is exempt under the Mrs. Murphy rule
Yes, but only if Bob complies with the Federal Fair Housing Act
No, because Bob is a regular employee of John
No, because Bob needs a real estate license to manage property
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