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Property Management Practice Questions Preview

This focused set tests Property Management at salesperson level. Answer first, then use the rule and explanation to diagnose why each option wins or fails. Answer this 5-question public preview here, then continue the complete experience in Pass Georgia.

Facts checked against the current PSI Candidate Information Bulletin and GREC sources.

5-question public previewNo sign-upExplanations and repair links
1 / 5Study mode: Property Management

A landlord may properly deduct from a security deposit the cost of:

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34% of the real exam is Georgia law. 52 of 152 questions.

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All 5 questions and explanations

Studying instead of taking a test? Open any question to read its choices, the answer, and the reason each option is right or wrong. The numbering matches the public set above.

For a useful score, finish the test above before opening these answers. These are original practice questions based on published topics and sources.

1. A landlord may properly deduct from a security deposit the cost of:Property Management. Open choices and explanation.
  1. A.Repainting walls faded by normal daily living
  2. B.Servicing the heating system on its annual schedule
  3. C.Repairing a door the tenant broke during the lease
  4. D.Replacing carpet worn evenly over eight years

Answer C: Repairing a door the tenant broke during the lease

The line is wear and tear against damage. A carpet worn thin over years is the landlord's cost of doing business; a carpet burned or stained beyond cleaning is the tenant's. Move-in condition records are what make that argument winnable.

Why each choice works or fails

  • A. Fading from normal use is wear and tear.
  • B. Routine maintenance is the landlord's own expense.
  • C. Correct. Tenant-caused damage beyond ordinary wear and tear is deductible.
  • D. Even wear over years is expected deterioration.

Rule to remember: Deposits may cover damage beyond normal wear and tear, never routine upkeep or ordinary aging.

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2. A manager earns 7% of rents collected. The building's scheduled rent is $20,000 a month, but it collects $18,500 a month. What is her annual fee?Property Management. Open choices and explanation.
  1. A.$1,295
  2. B.$1,554
  3. C.$15,540
  4. D.$16,800

Answer C: $15,540

The fee applies to rent actually collected, not scheduled rent: $18,500 x 0.07 = $1,295 a month. The stem asks for the year, so multiply by 12 to get $15,540.

Why each choice works or fails

  • A. $1,295 is the monthly fee, not the annual fee.
  • B. $1,554 treats 7% as 0.7% of annual collections.
  • C. Correct. $1,295 x 12 = $15,540 for the year.
  • D. $16,800 applies 7% to the $20,000 scheduled rent.

Work it through

  1. $18,500 x 0.07 = $1,295 per month
  2. $1,295 x 12 = $15,540 per year

Rule to remember: A percentage management fee applies to rent collected; convert monthly to annual by multiplying by 12.

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3. A lease requires the tenant to carry renter's insurance. That policy PRIMARILY covers:Property Management. Open choices and explanation.
  1. A.The owner's lost rent if the tenant defaults
  2. B.The tenant's personal property and personal liability
  3. C.The manager's errors in screening applicants
  4. D.The building's structure and common areas

Answer B: The tenant's personal property and personal liability

A renter's policy insures the tenant's own belongings and the tenant's personal liability. The owner's policy covers the building and the owner's liability but not the tenant's possessions, a gap many tenants discover only after a loss. Managers often require renter's coverage so a tenant-caused loss has insurance behind it.

Why each choice works or fails

  • A. Rent loss is covered by the owner's rent-loss coverage, not the tenant's policy.
  • B. Renter's insurance covers the tenant's belongings and liability.
  • C. Screening errors fall under the manager's professional liability coverage.
  • D. The structure is insured by the owner's property policy.

Rule to remember: Renter's insurance covers the tenant's belongings and liability; the owner's policy covers the building.

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4. When an accommodation request is received, the manager's BEST practice is to:Property Management. Open choices and explanation.
  1. A.Delay a decision until the tenant asks a second time
  2. B.Require the tenant's full medical records before deciding
  3. C.Respond promptly and document the request and outcome
  4. D.Refer the tenant to the owner and take no further part

Answer C: Respond promptly and document the request and outcome

HUD and DOJ guidance says a housing provider must respond promptly, and an undue delay can be treated as a denial. The provider may ask only for information needed to confirm a disability-related need when it is not obvious, never full medical records. A written record of the request, the discussion, and the result is what an investigator will ask to see.

Why each choice works or fails

  • A. Unreasonable delay can itself count as a denial.
  • B. A provider may not demand full medical records or a diagnosis.
  • C. A prompt response with a written record is the compliant practice.
  • D. The manager is the owner's agent and shares the duty to respond.

Rule to remember: Answer accommodation requests promptly and document them; undue delay can count as a denial.

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5. A property manager's primary obligation is to:Property Management. Open choices and explanation.
  1. A.Achieve the owner's goals under the agreement
  2. B.Maximize tenant satisfaction and retention
  3. C.Minimize the property's operating expenses
  4. D.Maximize the property's occupancy rate

Answer A: Achieve the owner's goals under the agreement

A property manager acting for the owner follows the management agreement and applicable law. Tenant satisfaction, cost control, and occupancy support the agreed goals. None justifies ignoring legal duties or the owner's instructions.

Why each choice works or fails

  • A. The manager's duty is to the owner's goals within the agreement.
  • B. Tenant satisfaction serves the owner's return but is not the primary duty.
  • C. Cutting every expense can let the property decline and lose value.
  • D. Filling units at any rent can lower total income.

Rule to remember: The property manager works for the owner, within the management agreement.

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What does this assessment cover?

Tenant procurement and qualification, fair housing and ADA, rent analysis, landlord and tenant rights, and salesperson-level management responsibilities.
Question coverage in this assessment
Official content areaPublished weightQuestions hereComplete lesson
Property Management3% of the national portion5Study Property Management

The Georgia-specific distinction

Georgia separately licenses community association management and tests Georgia property-management rules in the supplement. This national set focuses on the published salesperson-level concepts.

Worked result example

A manager applies a stricter deposit rule only to families with children. The issue is discriminatory treatment based on familial status, not ordinary risk screening.

Common exam traps

  • Using inconsistent screening standards.
  • Confusing a service animal request with a pet preference.
  • Treating security deposits as operating income.
  • Treating broker-only national exam topics as a complete statement of Georgia licensing duties.

Ready to move on?

  1. Score the set before opening notes.
  2. Explain the winning rule without repeating the answer choice.
  3. Classify every miss as knowledge, distinction, wording, math setup, or timing.
  4. Repair the weakest official area, then answer a fresh set on another day.
  5. Move on only when the result is stable and guesses are being marked as gaps.

Recommended next lesson

Open the complete lesson hub. Use the result above to choose the first lesson or drill rather than following a generic order.

Assessment integrity

The questions are original and mapped to the current PSI outline. This preview introduces the assessment; the complete version is in Pass Georgia. PSI says practice exams help candidates become familiar with general question types, but they do not replace education and a good practice score does not guarantee an examination outcome. This page reports evidence, not a pass probability.

About this practice set

Facts checked against the current PSI Candidate Information Bulletin and GREC sources.

Are these actual PSI exam questions?

No. Every item is original, written from the current published outline and primary sources. No question is copied, recalled, reconstructed, or represented as a live PSI item.

Does this score predict whether I will pass?

No. One practice result is evidence about this question sample. Use the area breakdown, review guesses as well as misses, and confirm improvement with fresh questions on another day.

What should I do after the result?

Open the explanation for every miss and guess, restate the rule, use the linked repair lesson, then continue with the next lesson: Open the complete lesson hub.

Is the assessment free?

Yes. This 5-question preview has no email gate, account requirement, or card. The complete assessment, saved mastery, spaced review, and adaptive recommendations are in Pass Georgia.