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NEW QUESTION # 127
A property manager is working with the building's owner to develop, execute, and complete a project.
The owner's vision of the exact project scope or budget is unclear. What project delivery method is BEST for the property manager to suggest to complete the project?
Answer: C
Explanation:
Analysis:
Construction management approach-#This approach isflexibleand well-suited when theproject scope or budget is not clearly defined. It allows the construction manager to assist the owner during planning, design, and construction, providing guidance throughout the entire process.
NEW QUESTION # 128
The building owner wants to profit $150,000 annually on the prospective lease. What is the minimum lease rate required to meet the owner's objectives?
Options:
Answer: D
Explanation:
Information from the scenario:
* Operating cost = $8.00 per square foot
* Tenant requests = 21,000 rentable square feet
* Desired profit = $150,000 annually
Step-by-Step Calculation:
LetXbe the required lease rate per square foot.
We want:
A math equations with numbers and lines AI-generated content may be incorrect.
NEW QUESTION # 129
A property manager is working with an architect to determine the best lighting solutions for different functions within an office environment. The property manager would like to ensure that the office areas have minimal shadows and long lamp life. The architect conducted a lighting analysis to help determine this.
Which of the following bulbs wouldBESTaccomplish these goals?
Answer: A
Explanation:
Fluorescent lamps are ideal for office environments because they:
* Provideuniform lightingthat minimizes shadows
* Have along lamp life
* Areenergy-efficientand cost-effective over time
Other options like halogen and incandescent lamps have shorter lifespans and are less efficient, while HID lamps are better suited for large open spaces like warehouses.
NEW QUESTION # 130
A property manager must prepare the annual budget to review current rents, increases, and lease expiration dates. As the property manager, they want to prepare the budget by looking up tenant names, suite numbers, square footage, and other physical details. Which document should the manager use to compare information with an easy-to-read overview of the property and its tenants?
Answer: D
Explanation:
Arent rollis a document that lists the current tenants, their lease details, including names, suite numbers, square footage, rent amounts, and expiration dates. This document provides an easy-to-read overview and is essential for the property manager when preparing the annual budget.
NEW QUESTION # 131
An asset manager has requested the assistance of a property manager with financial analysis of a potential property acquisition. The asset manager wants to know the estimated annual net operating income (NOI) that the property will contribute to the portfolio. Which of the following reports isMOSThelpful for the asset manager?
Answer: C
Explanation:
Thepro formais a financial report used to estimate the future income, expenses, and operating costs, including the projected net operating income (NOI) for a property. It would be the most useful for estimating the annual NOI that will contribute to the portfolio.
NEW QUESTION # 132
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