CAP-2101-20 Braindumps PDF, BOMI International CAP-2101-20 Exam Cram
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NEW QUESTION # 15
A real estate services company has just been hired to provide property management services for a high- rise office building. As the property manager assigned to the building, what report should be created that incorporates the owner's objectives into a plan to operate the property?
- A. Narrative appraisal report
- B. Building commissioning report
- C. Asset management plan
- D. Pro forma
Answer: C
NEW QUESTION # 16
A property manager is performing a risk assessment of a business continuity plan. What type of plan is a business continuity plan?
- A. Backup plan
- B. Disaster plan
- C. Service plan
- D. Emergency plan
Answer: B
Explanation:
Abusiness continuity planis a type ofdisaster plandesigned to ensure that essential business functions can continue during and after a major disruption (such as a natural disaster or system failure). It focuses on minimizing downtime and maintaining operations.
NEW QUESTION # 17
Which of the following isLEASTlikely to be collected by a property manager?
- A. Operating expense increases
- B. Monthly rent
- C. Percentage rent
- D. Property tax on tenant fixtures
Answer: D
Explanation:
Property managers typically collectmonthly rent,operating expense increases, andpercentage rentas part of lease agreements. However,property tax on tenant fixturesis usually theresponsibility of the tenantand handled directly with the taxing authority, making it theleast likelyto be collected by the property manager.
NEW QUESTION # 18
A property manager is required to administer many types of leases. Which of the following leases requires the tenant to pay theMOSTexpenses?
Options:
- A. Double net
- B. Industrial gross
- C. Absolute net
- D. Triple-net (NNN)
Answer: C
Explanation:
Anabsolute net leaserequires the tenant to payallexpenses associated with the property - including property taxes, insurance, maintenance, repairs, and sometimes even structural repairs or roof replacement. This is more extensive than a triple-net (NNN) lease, where the tenant pays taxes, insurance, and maintenance, but not necessarily major capital expenses.
NEW QUESTION # 19
Which of the following is theMOSTfundamental requirement for developing the annual property budget?
- A. Understanding the owner's long-term and short-term objectives
- B. Using a zero-based budget approach
- C. Choosing between the cash and accrual method
- D. Reviewing all leases to ensure accurate revenue input
Answer: A
Explanation:
Themost fundamentalstep in developing an annual property budget is to understand theowner's goals and objectives. These priorities guide all financial planning decisions, including budgeting for expenses, capital improvements, and revenue strategies. Without this understanding, the budget may misalign with ownership's expectations.
NEW QUESTION # 20
In addition to standard commercial liability insurance, a lease requires auto coverage for tenant-owned vehicles that are parked on the property. Which document describes how the auto insurance will be added to the commercial liability coverage?
Options:
- A. Insurance binder
- B. Claim
- C. Endorsement
- D. Certificate of insurance (COI)
Answer: C
NEW QUESTION # 21
Which of the requested renovations is categorized as tenant improvements?
- A. Restrooms
- B. Lobby
- C. Windows
- D. Access control system
Answer: D
Explanation:
From the Scenario:
The scenario mentions:
"The potential occupant will require secured access to their space at all times."
"The potential occupant would like to have the windows restored and two sets of public restrooms totaling
2,000 square feet."
Now let's evaluate:
* A. Access control system-Requested by thetenantfor theirexclusive use. This is a typicaltenant improvement.
Scenario 2
A real estate partnership recently purchased a new property for its portfolio. The property was developed in the 1980s and has not since had a major renovation. It is a200,000 square foot, three-story office building.
When built, it was aClass A suburban office buildingin a strong market in one of the nicer business parks in the city.
The partnership typically purchases buildings that are in need of repairs and upgrades. The partnership is focused onsustainability and energy savings. The partnership staff, including asset management, accounting, and finance, are located1,000 miles away. This is the partnership'sfirst purchase in this marketplace.
During due diligence, the partnership found records were not as complete as expected. There are a variety of lease types, although they all have strong terms and conditions for lease renewals, including exceptions for tenant default. It is the new owner's preference totransition the building to a triple-net (NNN)lease structure. All leases and addenda, past rent rolls, financials, and operating reports are available for inspection and review.
The property is70% occupied, and25% of the building is up for renewal during the next two years. An appraisal report shows thecapitalization ratefor the market for this type of property is6.5%. The property manager has been asked to prepare anincome projectionfor the coming budget year.
The building has many needs in order to return to its former position in the marketplace, which includes energy and sustainability upgradesusing modern technology.
NEW QUESTION # 22
A tenant has filed a claim against a property management company's architect, alleging financial loss suffered as a result of non-performance on a space design contract. Which of the following insurance policiesBEST protects the architect from this claim?
- A. Professional liability insurance
- B. Employee benefits liability insurance
- C. Fiduciary liability insurance
- D. Employment practices liability insurance
Answer: A
Explanation:
Professional liability insurance(also known as errors and omissions insurance) protects professionals like architects from claims of negligence, mistakes, or failure to perform services as promised in a contract. This makes it the best protection against claims related to professional work performance.
NEW QUESTION # 23
A landlord operates a business incubator with private offices and shared amenity areas. In the past, a handful of tenants have exclusively occupied the amenity spaces on such a frequent basis that other tenants have been unable to access them. What type of provision can the landlord include in its leases to describe acceptable utilization of leased premises and common areas?
- A. Force majeure clause
- B. Use clause
- C. Waiver of subrogation clause
- D. Landlord indemnification clause
Answer: B
Explanation:
Ause clausedefines how tenants can use their leased space and shared amenities. Including specific language in the lease to limit or manage tenantaccess ensuresfair use of common areasand prevents misuse that affects other tenants.
NEW QUESTION # 24
An investment firm with an in-house property management department announced plans to build a new Class A commercial office tower. The firm has asked the design architect to consult with the property management team to select a building automation system (BAS). The property manager advised the architect to choose a system that provides the greatest degree of flexibility for hiring service contractors. Which type of BAS achieves this goal?
- A. Direct digital control (DDC) system
- B. Open protocol system
- C. Local area network (LAN) system
- D. Proprietary system
Answer: B
NEW QUESTION # 25
A property manager is overseeing a tenant improvement project in an older office building. Asbestos insulation was discovered behind the walls. Which type of project change BEST describes this delay?
- A. Constructive
- B. Disruptive
- C. Actual
- D. Accelerated
Answer: B
Explanation:
Analysis:
* A. Accelerated- Refers to speeding up a project, not applicable here.
* B. Actual- Too generic and doesn't specify the nature of the issue.
* C. Constructive- Usually refers to implied or unspoken changes or obligations, not unexpected delays due to discovered conditions.
* D. Disruptive-#The presence of asbestos is anunforeseen conditionthathalts or delays the work. This is best described as adisruptive change.
NEW QUESTION # 26
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. Waiver of restoration
- C. Certificate of insurance (COI)
- D. Performance bond
Answer: C
Explanation:
ACertificate of Insurance (COI)verifies that the contractor has the necessary liability and workers' compensation coverage. This protects the property owner and other tenants in the event of damage or injury during the move, making it a standard requirement before allowing contractor access.
NEW QUESTION # 27
A property manager is performing a risk assessment of a business continuity plan. What type of plan is a business continuity plan?
- A. Backup plan
- B. Disaster plan
- C. Service plan
- D. Emergency plan
Answer: B
Explanation:
Abusiness continuity planis a type ofdisaster plandesigned to ensure that essential business functions can continue during and after a major disruption (such as a natural disaster or system failure). It focuses on minimizing downtime and maintaining operations.
NEW QUESTION # 28
Which time frameBESTreflects the budget reporting frequency required by most building owners?
- A. Monthly
- B. Annually
- C. Quarterly
- D. Semi-annually
Answer: C
Explanation:
Most building owners typically expect budget reporting on aquarterlybasis to keep track of performance and make adjustments as necessary during the year.
NEW QUESTION # 29
The building maintenance staff is scheduled to perform routine preventive maintenance on the cooling tower motors. Which function is the technicianMOSTlikely to be trained on before the work can begin?
- A. Properly grounding equipment
- B. Locking-out and tagging-out the equipment
- C. Draining the cooling tower basin
- D. Disassembling the motor housing
Answer: B
Explanation:
Before any maintenance or repair work begins,locking-out and tagging-outthe equipment is the most important safety function to ensure that the equipment cannot be accidentally turned on during maintenance.
This procedure helps prevent electrical accidents and is standard safety protocol.
Topic 1, Scenario
A usable 452,382 square feet downtown high-rise building has an entire floor of vacant space totaling30,000 rentable square feet. The owner pays all operating expenses. The owner's annual operating cost is $8.00 per square foot. The building rentable/usable (R/U) factor is1.4. The space was previously a secured data room that served several external customers. The potential occupant is a law enforcement organization specializing in electronic evidence. Its office will operate 24 hours a day, seven days a week. The normal building operating hours are 6 am to 6 pm Monday through Friday. All heating, ventilating, and air-conditioning (HVAC) is programmed on a building automation system.
On the vacant floor,20,000 square feetof the space has 36 inch raised floor panels throughout. All windows were painted black on the inside, coveredwith sheetrock, and finished. There is only one set of public restrooms on the west side of the floor. The potential occupant would like to have the windows restored and two sets of public restrooms totaling2,000 square feet.
The current fire protection system in the vacant space is a dry pipe pre-action system for data room use. The potential occupant will require secured access to their space at all times. The potential occupant is only requesting21,000 square feetof the 30,000 rentable square feet. Their staffing plan calls for77 employees.
NEW QUESTION # 30
A property manager has been given the responsibility for hiring and managing a leasing team. Which of the following is the MOST important to improve leasing outcomes?
- A. Determine an appropriate compensation structure.
- B. Provide an adequate budget for marketing materials.
- C. Monitor performance and report to ownership.
- D. Set obtainable goals.
Answer: D
Explanation:
Analysis:
* A.A good compensation structure is important but doesn't guarantee performance or direction.
* B.Monitoring and reporting is amanagement task, not a direct performance improvement strategy.
* C.A marketing budget is supportive butnot sufficienton its own to improve outcomes.
* D.#Setting obtainable goalsgives the team a clear direction, measurable targets, and motivation - all of which arecritical for improving leasing outcomes.
NEW QUESTION # 31
An experienced property manager has just begun a job at an asset management firm. This manager wants to focus on safety and create a program that can identify and prevent unsafe practices which can include unsafe wiring, flammable liquids, and boxes stacked too close to sprinklers. What type of program BEST meets this goal?
Options:
- A. Loss prevention
- B. Separation of loss exposures
- C. Risk transfer
- D. Loss reduction
Answer: A
NEW QUESTION # 32
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