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BOMI International RPA Capstone Experience Sample Questions:

1. A property manager is evaluating the financial performance of their portfolio. There are various ways to evaluate performance, but they will begin with evaluating actual operations and budgeted projections. The property manager requested that any difference greater than $5,000 or 5% of the budgeted amount must be explained. Which standard performance comparisonBESTdescribes this step?

A) Industry comparisons
B) Prior year comparisons
C) Budget comparison and variances
D) Market comparable

2. The partnership plans to address the requirements to return the asset to its former position in the marketplace. What is the FIRST step to help achieve this goal?
Options:

A) Enroll the building in the EPA's Energy Star Program to validate the building's energy efficiency.
B) Open the building to public tours to display ideas and encourage feedback.
C) Place an advertisement in the local business press detailing the intentions of the partnership.
D) Host a broker open house to introduce the partnership's plans for the building.

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) Expense
B) Audit
C) Variance
D) Accrual

4. When developing a marketing plan for a building, which of the followingMOSTlikely determines whether a deal is reached?

A) Identifying which benefits and/or features to emphasize
B) Establishing the proper rent to quote and accept
C) Assessing the overall economic conditions in the market
D) Gathering detailed competitive building data to determine the relative position in the market

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

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

Solutions: