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IFMA Certified Facility Manager Sample Questions (Q139-Q144):
NEW QUESTION # 139
Which type of lease requires the tenant to pay all expenses of the property being leased (taxes, insurance, maintenance) in addition to rent?
- A. Full-service lease
- B. Triple net lease
- C. Gross lease
Answer: B
Explanation:
A triple net lease (NNN lease) (Option A) requires the tenant to cover all property expenses in addition to base rent.
Why Option A is Correct?
* NNN leases shift the responsibility of property costs (taxes, insurance, and maintenance) from the landlord to the tenant.
* These leases are common in commercial real estate because they reduce risk for property owners while providing stable rental income.
* IFMA's Real Estate & Property Management Core Competency highlights the importance of understanding lease structures for effective property management.
Why Other Options Are Incorrect?
* Option B (Gross lease): The landlord pays for all expenses, and the tenant only pays a fixed rent.
* Option C (Full-service lease): Similar to a gross lease, all costs are included in the rent.
NEW QUESTION # 140
During a large real estate project, what are the expenses of planning, design, construction, operation, maintenance, and disposition of a structure over time known as?
- A. Time value of money.
- B. Life-cycle costing.
- C. Project classification.
- D. Investment analysis.
Answer: B
Explanation:
Life-cycle costing (LCC)accounts for allcosts associated with a buildingthroughout its lifespan, including:
* Initial costs(planning, design, construction).
* Operational costs(utilities, maintenance, repairs).
* End-of-life costs(renovation, decommissioning, disposal).
LCC enablesinformed decision-makingby comparing long-term cost implications of different design and material choices, supportingsustainable and cost-effective facility management.
NEW QUESTION # 141
When would an organization choose a lease with a purchase option?
- A. When it needs to partner with a developer.
- B. When tax rebates cannot be applied.
- C. When it lacks the initial capital for the purchase.
- D. When it has long-term plans to develop the real estate.
Answer: C
Explanation:
A lease with a purchase option is commonly chosen when an organization lacks the initial capital for an outright property purchase. This arrangement allows the organization to secure the use of a facility while deferring the financial burden of full ownership until later. Such an approach provides flexibility, preserves cash flow, and allows time to assess whether the location meets long-term strategic needs. Facility managers must consider factors like lease terms, maintenance obligations, and future financial impact before opting for this strategy.
NEW QUESTION # 142
An organization has accumulated a wealth of service delivery data from its monitoring and measurement processes. How can the organization BEST use the data to ensure continuous improvement?
- A. Use the data for bonus payments from its clients.
- B. Use the data for salary increases.
- C. Use the data in the creation of its future service level agreements.
- D. Use the data to attract new clients.
Answer: C
Explanation:
Service delivery data should be used toenhance Service Level Agreements (SLAs)by:
* Benchmarking performanceto set realistic, data-driven goals.
* Identifying inefficienciesand implementing targeted improvements.
* Providing accountabilityin vendor and in-house service expectations.
Using the datafor marketing (A), salary increases (C), or bonus payments (D)does not directlyenhance operational performance.
NEW QUESTION # 143
What is Effective Communication?
- A. Effective Communication
- B. Active Listening
- C. Efficient Communication
Answer: A
Explanation:
Effective communication (Option C) ensures that messages are understood, acted upon, and lead to the intended outcome.
NEW QUESTION # 144
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