Pennsylvania Real Estate Salesperson Practice Exam

Question: 1 / 400

Which of the following best describes a property manager's responsibility?

To sell the property at the highest price

To maintain the property and generate income

A property manager's primary responsibility is to maintain the property and generate income for the owner. This involves overseeing the daily operations of a property, which includes ensuring that the property is well-maintained, managing tenants, collecting rent, and handling any issues that may arise. By focusing on these tasks, the property manager helps to maximize the return on investment for the property owner.

Maintaining the property includes regular upkeep, repairs, and ensuring that the property complies with safety and health regulations. Generating income involves effective tenant management, including securing and retaining tenants, which contributes to consistent cash flow for the owner. This dual focus on maintenance and income generation is essential in the role of a property manager, making this description the most accurate representation of their responsibilities.

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To provide marketing services for the owner

To find a new owner for the property

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