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BOMI International RPA Capstone Experience Sample Questions:

1. 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) Review leases with each tenant and explain that the property now has a triple-net (NNN) lease structure.
D) Adhere to the terms in the current leases.

2. A property manager is working with the building's owner to develop, execute, and complete a project.
The owner's vision of the exact project scope or budget is unclear. What project delivery method is BEST for the property manager to suggest to complete the project?

A) Construction management approach
B) Design-bid-build approach
C) Design-build approach
D) Multiple projects approach

3. Which of the requested renovations is categorized as tenant improvements?

A) Lobby
B) Access control system
C) Windows
D) Restrooms

4. Which of the following items are usually included in determining the appropriate amount of property insurance coverage?

A) Landscaping
B) Parking surfaces
C) Land
D) Signage

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

Solutions: