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BOMI International RPA Capstone Experience Sample Questions:

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

A) Treasury bond
B) Performance bond
C) Municipal bond
D) Fidelity bond

2. In semi gross and net leases, a landlord implements an additional rent clause to recapture the increased cost of operating the building. What may be another reason for additional rent clause?

A) Ensure the property is well-maintained.
B) Maintain the equity value of the base rent dollar.
C) Allow landlord to collect late fees.
D) Hedge against inflation.

3. An investment firm hires an asset manager to oversee the financial performance of a property. The asset manager requests from the property manager a monthly reporting package. Which of the followingBEST exemplifies components of a typical reporting package?

A) Rent roll, cash receipts, and transfer of excess funds
B) Amortization schedule, loan estimate, and quitclaim deed
C) Internal rate of return, statement of present value, and depreciation analysis
D) Balance sheet, income statement, and financial audit

4. A property management team was assigned a multi-tenant office building. The team wants to keep track of which suites on each floor are occupied and vacant. Which type of report shows where tenants are located throughout the building and which spaces are vacant?

A) Rent roll
B) Tenant profile
C) Stacking plan
D) Floor plan

5. If the property manager fails to regularly maintain and review water treatment reports and there is an increase in mineral saturation combined with high pH, what potential water use problem can occur?

A) Dissolved solids
B) Corrosion
C) Micro-bacterial growth
D) Scale

Solutions: