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BOMI International RPA Capstone Experience Sample Questions:

1. A property manager is reporting on monthly variances to the asset manager of an office building. The annual budget for custodial expenses is $660,000. Lastmonth, custodial expenses were $61,000. What is the variance against the budget?

A) Negative variance of $599,000
B) Positive variance of $599,000
C) Negative variance of $6,000
D) Positive variance of $6,000

2. Which of the following entities isMOSTlikely to be omitted from a standard property insurance policy?

A) The named insured
B) The property manager
C) Adjacent property owners
D) Mortgagees

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

4. Which are the MOST important documents provided during the due diligence exercise for the property manager to use for the budget task?

A) Lease documents and addenda
B) Last year's rent roll and delinquency report
C) Audited financial statements
D) Market leasing guides

5. Which of the following isLEASTlikely to be collected by a property manager?

A) Monthly rent
B) Percentage rent
C) Operating expense increases
D) Property tax on tenant fixtures

Solutions: