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BOMI International RPA Capstone Experience Sample Questions:

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

2. A real estate services company has just been hired to provide property management services for a high- rise office building. As the property manager assigned to the building, what report should be created that incorporates the owner's objectives into a plan to operate the property?

A) Building commissioning report
B) Pro forma
C) Narrative appraisal report
D) Asset management plan

3. Which of the requested renovations is categorized as tenant improvements?

A) Access control system
B) Windows
C) Lobby
D) Restrooms

4. A senior property manager wants to ensure members of the management team understand how a curtain wall system works. How can the senior property manager best describe thePRIMARYdistinguishing features of a curtain wall?

A) Defines the elevator shafts and fire stair tower
B) Secures the leased premises of each commercial tenant
C) Keeps the weather out and carries no vertical structural loads
D) Carries the structural load of the foundation and roof

5. A property manager is performing a risk assessment of a business continuity plan. What type of plan is a business continuity plan?

A) Disaster plan
B) Service plan
C) Emergency plan
D) Backup plan

Solutions: