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BOMI International RPA Capstone Experience Sample Questions:

1. 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 surveys
B) Tenant audits
C) Work orders
D) Property inspections

2. A property manager was recently hired to oversee a portfolio of properties. The property manager would like to become familiar with the terms of the leases and is reviewing the lease abstracts for this information. The previous property manager is a former colleague and someone who the current property manager knows quite well. What is best practice when assuming the role of a property manager to determine theMOSTaccurate lease terms?

A) Compare the lease to the budget.
B) Compare the rent roll to the tenant rent invoice.
C) Compare the lease abstract to the lease.
D) Compare the lease abstract to the rent roll.

3. A new tenant will be paying for 100% of its improvement costs. The property manager wants to recommend a project delivery method that combines the planning and construction phases and encourages collaboration. Which of the following project delivery methods BEST aligns with these objectives?

A) Construction management-at-risk
B) Design-build
C) Multiple prime contracts
D) Design-bid-build

4. Which type of lease is MOST likely to be executed between the lessor and the law enforcement agency?

A) Gross
B) Triple-net (NNN)
C) Ground
D) Percentage

5. A real estate services company wants to obtain additional insurance coverage beyond the limits of its general commercial liability insurance. Which of the followingBESTdescribes the type of insurance that the company should purchase?

A) Incidental malpractice liability insurance
B) Umbrella liability insurance
C) Combined single limit (CSL) of liability
D) Rental reimbursement insurance

Solutions: