Module 7 - Financials Test

5 Questions | Total Attempts: 130

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Module Quizzes & Trivia

Questions and Answers
  • 1. 
    What is the preferred P&L report that you should be asking the brokers/owners for? 
    • A. 

      The full year at a glance.

    • B. 

      All months broken down on one report for each year.

    • C. 

      Hand written Financials from the Owner.

  • 2. 
    Why is the rent roll report important?
    • A. 

      To verify occupancy.

    • B. 

      To verify income.

    • C. 

      To see income potential.

    • D. 

      All of the above.

  • 3. 
    What does market occupancy mean?
    • A. 

      The percentage occupancy of the property.

    • B. 

      The occupancy of your nearest competitor.

    • C. 

      The average occupancy of all of your competitors.

  • 4. 
    The P&L reports should have all the income and expenses broken down so that we can see how each category is being calculated.
    • A. 

      True

    • B. 

      False

  • 5. 
    The P&L reports should have an expense line item of debt service payment and interest.
    • A. 

      True

    • B. 

      False

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