DC Property Manager (PM) Practice Exam

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• Which is NOT typically a fiduciary duty?
• Which definition describes the minimum wage as used in this policy?
• What timeframe is specified for notice of discrimination complaints?
• Which statement best describes permits when?
• Which PM Must item relates to protecting confidential information?
• A contract signed by a minor is typically considered which type of contract?
• An itemized list is due how long after a 45-day notification?
• Which records must be preserved for 3 years?
• Which act regulates conversions in DC housing policy?
• Under what conditions may a rent increase be implemented?
• Which item is explicitly listed as a permit category related to signs?
• In relation to security deposits, what does the term 'Interest Bearing Account (30 Days)' describe?
• What is unlicensed property management considered in DC?
• Which items must be preserved for three years?
• ROI stands for which term?
• Who regulates property managers in DC?
• Which describes a graduated lease?
• Which metric is defined as Gross Income minus Operating Expenses?
• Who can perform an eviction in DC?
• Which department is responsible for issuing permits?
• How many days are required to file a discrimination complaint notice?
• Where must a smoke detector be installed in a dwelling unit?
• Is disclosure of material facts required?
• Which term is linked to the year 1980?
• What is the consequence of unlicensed property management in DC?
• Which practice involves refusing loans or insurance in specific neighborhoods?
• Which term describes risk management by transferring risk to an insurer?
• What is the minimum age requirement to apply for PM?
• In a net lease, which expenses does the tenant typically pay in addition to base rent?
• Which of the following is a PM duty from the PM Must list?
• How long does a DC landlord have to return a security deposit after move-out?
• What is the primary intention of the Human Rights Act in housing policy?
• What is the night temperature window when temperatures cannot be controlled?
• Which list outlines fiduciary duties?
• What is the water temperature?
• Which practice involves directing clients toward/away from neighborhoods based on protected class?
• Which statement describes actual eviction?
• Zoning Regulations Cannot Address which of the following?
• Lead-based paint disclosure is required in DC for properties built before which year?
• What does filing RAD require regarding the exemption number and amendments?
• Gross Rent Multiplier (GRM) is calculated as which of the following?
• Which action would typically require a permit according to the listed categories?
• Which statement describes an index lease?
• Which of the following is NOT a type of insurance for property managers?
• A commercial lease can be released with constructive eviction when which condition occurs?
• Which concept governs the allowable physical characteristics of a property, such as height, density, floor area, setbacks, parking, and green spaces?
• What percentage of monthly income is considered affordable housing cost?
• Which statement describes an unenforceable contract?
• Which documents must be framed and registered within five days of operation or change?
• What are the key dates for heating on and off in the seasonal schedule?
• Which PM Must item relates to handling money?
• Which actions are not addressed by a standard building permit?
• Which systems should be inspected?
• Which of the following is a federal fair housing protected class?
• Which entity regulates DC property managers?
• Which contract is included with the purchase of a building?
• Which statement describes constructive eviction?
• Which statement best describes an unenforceable contract?
• Security deposits are typically held in which type of account?
• Which retail lease type is most typical in a shopping center?
• Where must security deposits be kept in DC?
• When is heat required to be turned off?
• Who enforces evictions in DC?
• Which of the following is an exemption to the Rental Housing Act?
• The District Opportunity to Purchase (DOPA) is designed to help which group purchase property?
• What statement best describes a ground lease?
• NOI is calculated as which of the following?
• Which term describes large, long-term property improvements?
• Which protected class corresponds to families with children?
• What is the waiting period if your PM application was denied?
• Which term describes transferring risk to another party through insurance?
• In older DC buildings, what information must landlords provide to tenants?
• Which of the following is NOT a federally protected class under fair housing laws?
• During the day, which time window applies when temperatures cannot be controlled?
• Where must at least one smoke detector be installed?
• Financial records retention periods typically range between which of the following?
• Which set of items is included in Zoning Regulations?
• In foreclosure, TOPA rights are typically:
• What does the Conversion Act regulate in relation to housing units?
• How should a conflict of interest be handled?
• Which statement about the PM application process is true?
• Which statement describes a void contract?
• Which time window describes daytime temperatures when control is not possible?
• Which educational qualification is required to apply for PM?
• What is an Escrow/Trust Account?
• Which of the following is a federally protected class under fair housing laws?
• What is the revocation period for PM?
• Which statement describes the primary duty of a property manager?
• What is the required notice period for a rent increase in DC?
• Which statement describes a voidable contract?
• Does confidentiality continue after agency ends?
• When a lease violation occurs, which sequence of actions is typically followed?
• What is the scheduled inspection time window?
• Which statement best defines cash flow in property management?
• Which practice involves persuading owners to sell by suggesting demographic changes will reduce property values?
• Which of the following is a protected class under DC law?
• Under TOPA, what right do tenants have when the owner sells?
• TOPA stands for which policy?
• Can property managers commingle client funds with business accounts in DC?
• Which statement correctly defines NOI?
• When a security deposit is withheld, what documentation is required?
• Screens are in use during which dates?
• TOPA does not work with which entity?
• Which lease type is commonly used in retail properties?
• Deferred Maintenance is best described as delaying repairs, which can reduce property value?
• TOPA provides tenants with which opportunity during a qualifying sale?
• In DC, which entity enforces evictions after a court order is issued?
• BZA is an acronym used in zoning. What does it stand for?
• Under DC and federal fair housing law, which practices are illegal?
• Security deposit must be deposited within how many days?
• Which of the following is typically exempt from DC rent control?
• What does TOPA stand for?
• Is self-help eviction legal in DC?
• NOI equals which calculation?
• Changes in ownership require updating RAD within how many days?
• Coinversion & Sale is associated with which year?
• If NOI is 100,000 and the cap rate is 8%, what is the property value?
• When a building sells, what may happen to services?
• Which division administers the Rental Housing Act?
• Lead paint disclosure is required for properties built before which year?
• When a landlord withholds from a security deposit, which must be provided?
• What must you submit along with your PM application?
• What must be assigned after filing a RAD?
• Which of the following is an example of a Capital Expenditure?
• Which statement about the legal eviction process in DC is accurate?
• What is the required notice for a rent increase in DC?
• A PM license judgment report must be delivered within how many days?
• Which change scenarios require action such as updating ownership, occupancy load, or use?
• In a gross lease, who pays operating expenses?
• Security deposit return timeline in DC?
• Within how many days must you register a CO and BL after operation or change?
• The Human Rights entry lists the Act year as which year?
• Rent Control is associated with which year?
• What does TOPA provide?
• When purchasing a building, which of the following is included?
• Payback Period is calculated as which of the following?
• Capital Expenditures (CapEx) refer to which of the following?
• Which statement is a stated requirement to apply for PM?
• Which scenario could legally justify a tenant terminating a lease due to constructive eviction?
• What type of offenses disqualify you from applying for PM?
• What is the cap rate formula?
• TOPA stands for which of the following?
• Which option describes the rent structure in a percentage lease?
• Which set of elements constitutes a valid contract?
• Which statement lists the federal fair housing protected classes in full?
• Which action constitutes commingling of funds?
• Who is covered by DC rent control?
• Which PM Must item requires fair housing compliance?
• Which statement describes the relationship between cash flow and NOI?
• What is required for handling escrow accounts in DC?
• What is the primary duty of a property manager?
• ROI is defined as which ratio?
• The Smoke Detector is associated with which year?
• How many Brokers are included in the nine-person group referenced?
• Which department issues the building permit?
• Which organization oversees the PM process described?
• What is the minimum wage defined as in this policy?
• What should the internal temperature be relative to outside?
• Which item is listed as an exemption to the Rental Housing Act?
• What is the maximum security deposit allowed in DC?
• Do DC property managers need a license?
• Financial Records Retention typically spans which range?
• Which statement about escrow funds handling is true?
• What is the correct expansion for the acronym BZA?
• How is property value calculated using cap rate?
• What is an operating budget?
• By when must wages be paid after discharge?
• BZA stands for which board?
• Which item is explicitly listed as an additional protected class in DC law?
• What is a required feature for housing?
• Which mail service is used?
• In a sublease, to whom is the sublessor's responsibility limited?
• DOPA stands for which policy?
• Rent increase notice in DC?
• Maximum security deposit in DC?
• ADA requirements specify accessibility in which areas?
• Which of the following is a valid permit category listed?
• When is heat required to be turned on?
• How is the commission calculated for a sale?
• What describes conversion in the context of client funds?
• Corrective Maintenance involves which of the following?
• The security deposit must be returned within how many days after tenancy ends?
• Which statement best describes voidable contracts?
• Which maintenance type is performed after a problem occurs to restore function?
• Potential Gross Income is defined as which of the following?
• Which statement about TOPA is true?
• The PM process references nine people with specific roles. Which composition is correct?
• OAH rulings consider which costs?
• Lead-based paint disclosure package for pre-1978 properties includes which items?
• Which item is listed as an exemption related to building plans with DCHD?
• Preventive Maintenance is defined as which of the following?
• What does foreclosure mean in a property context?
• Which statement correctly differentiates constructive eviction from actual eviction?