What is sick building syndrome

Assignment Help Operation Management

Reference no: EM132306848

1. What is sick building syndrome?

An imaginary illness

A result of chemical pollutants

A result of an airborne virus

A result of bad outdoor air

2. Phil wants to remove a wall between two of his rooms to make a larger family room in his cooperative. What kind of agreement must he make with his cooperative?

Recognition

Prospectus

Alteration

Subscription

3. Agent Sam tells a prospective buyer about a property’s “beautiful landscaping” and excellent architecture.” The property is actually quite average. What activity is Sam engaging in?

Puffing

Self-dealing

Disclosure

Redlining

4. A prospective purchaser of a cooperative unit will normally be required to:

Prove New York residency

Demonstrate the ability to pay cash for the investment

Justify reasons for wanting to buy into the co-op

Satisfy the cooperative’s board that the purchaser meets acceptance requirements

5. Mortgage lenders are required to disclose financing costs and annual percentage rate to the borrower under which law or regulation?

Equal credit opportunity act

Truth in lending

Real estate settlement and procedures act

Fair housing laws

6. What is a property management report?

The owner’s assessment of the manager’s performance

An annual review of the building’s activities

A document created by the manager on a need-to-basis

A periodic report detailing activities, expenses and repairs on the property.

7. What does the owner of a cooperative receive?

Deed

Property tax bill

Life Estate

Shares in a corporation

8. Sarah is an employee and Ken is an independent contractor at Kerns Realty. Which of the following statements is true?

Ken is responsible for his own taxes, while the broker pays Sarah’s

Ken must obtain his own training. The broker will not provide any

Neither Sarah nor Ken can get employer-provided health insurance

Ken and Sarah both must be at the office from 9am to 5pm

9. Managing risk in property management entails:

Limiting exposure to liability and property damage through proper insurance.

Eliminating property damage

Maintaining through groundskeeping practices

Proper maintenance of records

10. Which of the following special purpose deeds is used for conveying a decedent’s estate?

Guardian’s deed

Personal representative’s or executor’s deed

Land patent deed

Master deed

Reference no: EM132306848

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