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| Section | Objectives |
|---|---|
| Sustainability, Health, and Wellness | |
| Leasing and Marketing | |
| Legal and Risk Management | |
| Financial Management and Administration | |
| Property Administration | |
| Building Operations and Maintenance |
Question 1
What is the FIRST step in the Plan-Do-Check-Act (PDCA) continuous improvement process as it relates to maintaining compliance with sustainability certifications and related legal requirements?
A. Develop a series of steps to mitigate the issue using the certification system or legal compliance.
B. Identify an environmental problem in the building that can be mitigated by compliance.
C. Assess the effectiveness of the strategy that has been developed and implemented.
D. Apply on a larger scale throughout the building if the implementation has been successful.
Question 2
A landlord operates a business incubator with private offices and shared amenity areas. In the past, a handful of tenants have exclusively occupied the amenity spaces on such a frequent basis that other tenants have been unable to access them. What type of provision can the landlord include in its leases to describe acceptable utilization of leased premises and common areas?
A. Force majeure clause
B. Landlord indemnification clause
C. Waiver of subrogation clause
D. Use clause
Question 3
A property manager received a call from their asset manager quest-ioning the completion of the installation, as well as the processing and payment of the invoice, for a chiller rebuild. What is the name of the comprehensive documentation process that the property manager followed?
A. Financial auditing
B. Audit trail
C. Project tracking
D. Transaction documentation
Question 4
Which time frameBESTreflects the budget reporting frequency required by most building owners?
A. Quarterly
B. Monthly
C. Annually
D. Semi-annually
Question 5
Which type of lease is MOST likely to be executed between the lessor and the law enforcement agency?
A. Triple-net (NNN)
B. Ground
C. Gross
D. Percentage
Solutions:
| Question 1 Answer: B | Question 2 Answer: D | Question 3 Answer: B | Question 4 Answer: A | Question 5 Answer: C |
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