Alabama Real Estate Practice Exam

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What responsibilities are involved in managing property?

  1. Only collecting rent and paying bills

  2. Only finding and negotiating with tenants

  3. Finding tenants, advertising, negotiating leases, collecting rent, maintenance, evictions, and paying bills

  4. Only maintenance and evictions

The correct answer is: Finding tenants, advertising, negotiating leases, collecting rent, maintenance, evictions, and paying bills

Managing property involves many responsibilities, not just one or two tasks. Option A is incorrect because managing property also involves finding tenants, advertising, and negotiating leases, not just collecting rent and paying bills. Option B is incorrect because managing property also involves maintenance, evictions, and paying bills, not just finding and negotiating with tenants. Option D is incorrect because managing property also involves finding tenants, advertising, negotiating leases, and collecting rent, not just maintenance and evictions. Overall, managing property involves a wide range of tasks and responsibilities including finding tenants, advertising, negotiating leases, collecting rent, maintenance, and potential evictions.

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