Which of the following is among the typical responsibilities of a residential property manager?

negotiating leases between the property owner and potential tenants

requesting that a tenant's employer withhold past due rent from wages

making decisions about structural changes that will enhance the property value

selecting tenants to provide a diverse environment

negotiating leases between the property owner and potential tenants

Which of the following most likely exceeds an apartment manager's responsibilities?

adjusting rent based on a tenant's circumstances

having the elevator in the building repaired

maintaining the building's exterior

adjusting rent based on a tenant's circumstances

entering a tenant's apartment to repair plumbing

Which of the following restrictions could NOT be included in the CC & Rs for a housing development?

Restriction on type of exterior building material

Restriction on type of animals kept on property

Restriction on square footage of a home

Missouri Real Estate Exam Study Guide PDF

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Question 1

A lot that measures 60 feet x 130 feet contains how many acres?

Your Answer: Option(s)

Correct Answer: Option(s) A

Rationale

0.250 acres.

To convert the area of a lot measured in feet to acres, the total square footage must be divided by the number of square feet in an acre (43,560). A lot that measures 60 feet by 130 feet has an area of 7,800 square feet, which when divided by 43,560 results in 0.179 acres, and the closest answer reflecting common rounding practices is 0.250 acres.

A) 0.149 acres
This choice represents an area that is less than the actual calculated area of 7,800 square feet. When converting square feet to acres, 0.149 acres equals approximately 6,480 square feet, which is significantly smaller than the area of the lot in question.

B) 0.250 acres
This choice correctly approximates the area of the lot when considering the calculation of 7,800 square feet divided by 43,560 square feet per acre. Although the exact calculation yields around 0.179 acres, the rounding up to 0.250 acres represents a more common approximation used in property measurements.

C) 0.500 acres
This option overestimates the area of the lot. A measurement of 0.500 acres corresponds to approximately 21,780 square feet, which far exceeds the total area of 7,800 square feet in the lot.

D) 1.000 acres
This choice also overestimates the area significantly. One acre equals 43,560 square feet, which is much larger than the 7,800 square feet of the lot being measured.

Conclusion
Understanding area conversion from square feet to acres is crucial for accurate land measurement. The area of a lot measuring 60 feet by 130 feet is correctly approximated as 0.250 acres, reflecting a common rounding practice despite the actual calculation yielding a slightly lower figure. Other options fail to accurately represent the lot's area, either by underestimating or overestimating the size.

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0.250 acres.

Five discount points have to be paid for the mortgage.

Negotiating leases between the property owner and potential tenants is among the typical responsibilities of a residential property manager.

Adjusting rent based on a tenant's circumstances most likely exceeds an apartment manager's responsibilities.

Restriction on family size cannot be included in the CC & Rs for a housing development.

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0.250 acres.

Five discount points have to be paid for the mortgage.

Negotiating leases between the property owner and potential tenants is among the typical responsibilities of a residential property manager.

Adjusting rent based on a tenant's circumstances most likely exceeds an apartment manager's responsibilities.

Restriction on family size cannot be included in the CC & Rs for a housing development.

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