The primary duty of a property manager to the owner is to:
Why Achieve the owner's investment goals while maintaining the property Is Correct
Answer B: Achieve the owner's investment goals while maintaining the property
Exam Tip: Property Management
Property management questions cover landlord-tenant law, security deposits, and maintenance responsibilities. Know the differences between gross, net, and percentage leases.
People Also Study
Related Delaware Questions
- The Delaware Residential Landlord-Tenant Code requires a landlord to return a tenant's security deposit within:Property Management
- A Delaware property manager who negotiates leases on behalf of an owner for compensation must:Property Management
- A Delaware landlord refuses to rent to a person because their disability causes them to use a service animal. The landlord has a strict no-pet policy. This action is:Fair Housing
- Under the Delaware Residential Landlord-Tenant Code, what are the landlord's basic habitability obligations?Property Management
- In Delaware, the maximum security deposit a residential landlord can collect from a new tenant is:Property Management
- Redlining refers to the illegal practice of:Fair Housing
- A Delaware tenant pays $2,000/month rent. The landlord raises rent by 4%. What is the new monthly rent?Real Estate Math
- A Delaware tenant signs a 5-year NNN lease for a 3,200 sq ft retail space at $28/sq ft/year with 3% annual rent increases. What is the rent in Year 2?Real Estate Math
Key Terms to Know
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Math Concepts
Study This Topic
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →