Subject 19 · 18 free questions
Property Management practice.
Work through selected property management concepts without a timer. Each answer includes the governing rule, choice-specific feedback and sources. A short topic score is a review signal, not a pass prediction.
Choose a concept, or practice the whole subject
Changing the concept starts a fresh set. These questions also appear in other free tools, so a familiar answer is not new evidence of recall.
Question 1 of 18
standardA firm collects rent on an owner's building for a monthly fee. Why does New York treat that as licensed activity?
Choose the best answer before opening any lesson notes. Your first response is the best measure of recall.
Lessons behind this practice
- The manager's job and the New York license line
- The proposal and the management agreement
- General agency, fiduciary duty and owner goals
- Leases, maintenance and lawful tenant relations
- People, building systems, marketing and compliance
- Operating budgets, reserves and useful variances
- Rent rolls, trust money and owner reports
- Office, retail, residential and shared ownership