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BOMI International RPA Capstone Experience Sample Questions:

1. A property manager is evaluating vendors, suppliers, and contractors to perform routine building maintenance operations. Which of the following is MOST important when choosing between competing proposals?

A) Retain current contractor if prices remain flat.
B) Select lowest cost option.
C) Develop a spreadsheet to compare proposals.
D) Consider prior work relationship.

2. Which type of audit is used to ensure that a building is managed in compliance with legislation, management agreements, and leases?

A) Operational audit
B) Financial audit
C) Regulatory audit
D) Engineering audit

3. A property manager has planned and budgeted a chiller teardown for a medical office building. The work was scheduled to be completed in March. Due to a long lead time for parts, the work was not completed until May.
The property manager will need to calculate the difference between actual and budgeted costs and report this information to the building owner. What is this called?

A) Accrual
B) Audit
C) Expense
D) Variance

4. Which of the followingBESTdescribes an obligation of the tenant under a lease?

A) Duty to care for the leased property
B) Covenant of possession
C) Covenant of quiet enjoyment
D) Duty to disclose concealed dangerous conditions

5. A landlord and prospective tenant are negotiating the insurance provisions of a commercial office lease. The lease is a triple-net (NNN) agreement, and the landlord will recapture the tenant's pro-rata share of annual property insurance expenses. The landlord and tenant agree to include a clause stipulating that in the event of a property loss, each party will collect from their own respective insurance policies regardless of fault. What is the appropriate term for this clause?

A) Hold-harmless clause
B) Mutual waiver of subrogation clause
C) Errors and omissions clause
D) Mutual indemnification clause

Solutions: