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BOMI International RPA Capstone Experience Sample Questions:

1. Which pre-leasing evaluation is required for the restrooms on the vacant floor?
Options:

A) Americans with Disabilities Act (ADA) compliance
B) Water pressure code compliance
C) Fixture style
D) Location

2. 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) Fidelity bond
B) Municipal bond
C) Treasury bond
D) Performance bond

3. After acquiring a property, what is the BEST way to document a building's physical condition on a daily, monthly, or quarterly basis?

A) Tenant audits
B) Work orders
C) Property inspections
D) Tenant surveys

4. A tenant in a multi-story, multi-tenant office building has requested dock access for furniture moving. Which item should the property manager request of the tenant's contractor before work begins?

A) Right of entry
B) Certificate of insurance (COI)
C) Waiver of restoration
D) Performance bond

5. In reviewing the due diligence information, the property manager notices that tenants are on a variety of lease types. Which is the MOST effective approach for the property manager with respect to the current leases?

A) Hire an attorney to write a special lease rider to make leases uniform.
B) Require each tenant to sign a new lease from the new owner to create conformity.
C) Adhere to the terms in the current leases.
D) Review leases with each tenant and explain that the property now has a triple-net (NNN) lease structure.

Solutions: