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Pass the BOMI International BI-RPACS CAP-2101-20 Questions and answers with ValidTests

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Questions # 11:

What is the rentable square footage for the downtown high-rise building rounded to the nearest whole number?

Options:

Options:

A.

42,000

B.

323,130

C.

458,715

D.

633,335

Expert Solution
Questions # 12:

Which are the MOST important documents provided during the due diligence exercise for the property manager to use for the budget task?

Options:

A.

Audited financial statements

B.

Last year’s rent roll and delinquency report

C.

Lease documents and addenda

D.

Market leasing guides

Expert Solution
Questions # 13:

A construction contractor has been awarded a major renovation project. What will the contractorMOSTlikely be required to provide to the property manager before proceeding?

Options:

A.

Fidelity bond

B.

Municipal bond

C.

Performance bond

D.

Treasury bond

Expert Solution
Questions # 14:

A property management team was just hired to manage a property on behalf of a new client. After the team gathers data, such as long-term capital goals, leasing goals, and ownership goals, what is the BEST course of action to proceed?

Options:

Options:

A.

Summarize in a certified letter with read receipt.

B.

Summarize in a memo to ownership.

C.

Summarize information to property management leadership.

D.

Summarize information to property management team.

Expert Solution
Questions # 15:

Which of the following management styles should supervisors avoid when managing people?

Options:

A.

Commandeering

B.

Communicative

C.

Influential

D.

Motivational

Expert Solution
Questions # 16:

An unexpected elevator repair charge was incurred. Due to the unanticipated change in the budget, the information needed to be written directly on the invoice, but it was coded incorrectly. What step in the process isESSENTIALto ensuring that the correct vendor is paid?

Options:

A.

Enter the invoice into a pending payable file.

B.

Post vendor payments.

C.

Reconfirm the vendor number.

D.

Use petty cash.

Expert Solution
Questions # 17:

Which of the following entities isMOSTlikely to be omitted from a standard property insurance policy?

Options:

A.

Adjacent property owners

B.

Mortgagees

C.

The named insured

D.

The property manager

Expert Solution
Questions # 18:

Which of the following is theMOSTfundamental requirement for developing the annual property budget?

Options:

A.

Choosing between the cash and accrual method

B.

Reviewing all leases to ensure accurate revenue input

C.

Understanding the owner’s long-term and short-term objectives

D.

Using a zero-based budget approach

Expert Solution
Questions # 19:

Which environmental and sustainability protocols are institutional owners of Class A buildingsMOSTlikely to seek?

Options:

A.

BOMA 360 and Building Research Establishment Environmental Assessment Method (BREEAM)

B.

FitWel and Green Globes

C.

Leadership in Energy and Environmental Design (LEED) and Energy Star

D.

Local and state building codes

Expert Solution
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