Property Management
A Washington commercial property manager calculates 'absorption rate' for office space in their market. This metric tells them:
AHow much water the building absorbs from rain
BThe net change in occupied office space over a period, indicating market demand and supply conditions✓ Correct
CHow quickly new office buildings are constructed
DThe percentage of operating expenses absorbed by tenant income
Explanation
Absorption rate for commercial office space measures the net change in occupied space over a period. Positive absorption means more space is being leased than vacated, indicating strong demand. Negative absorption indicates the market is losing tenants.
Related Washington Property Management Questions
- A Washington property manager must keep property management records for a minimum of 3 years. If a dispute about a security deposit arises 2.5 years after a tenancy ends, the manager's records from that tenancy:
- A Washington commercial property manager discovers a tenant has installed an unpermitted improvement. The manager should:
- In Washington, the maximum amount a landlord may charge for a tenant's late payment of rent is:
- A Washington commercial tenant vacates before the lease term ends without cause. The landlord has a duty to:
- A Washington property manager's management agreement is terminated by the owner. The manager continues to collect rents for 30 days after termination without authorization. The manager has committed:
- Under Washington's RCW 59.18, the maximum security deposit a residential landlord may collect is:
- A Washington property manager accepting a management fee in excess of what is agreed in the management agreement without the owner's knowledge is:
- In Washington, a property manager's trust account must be:
Practice More Washington Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Washington Quiz →