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NEW QUESTION # 72
Which of the following government agencies oversees the overland shipping of hazardous materials?
Answer: B
Explanation:
TheDepartment of Transportation (DOT)is responsible for regulating the safe and secure transportation of hazardous materials by land, includingsetting standards for packaging, labeling, and routing. This oversight ensures public and environmental safety during the shipment of such materials.
NEW QUESTION # 73
What is the BEST way to identify loss exposures related to a building's mechanical, electrical, and plumbing systems?
Answer: D
NEW QUESTION # 74
A property manager is required to administer many types of leases. Which of the following leases requires the tenant to pay theMOSTexpenses?
Options:
Answer: C
Explanation:
Anabsolute net leaserequires the tenant to payallexpenses associated with the property - including property taxes, insurance, maintenance, repairs, and sometimes even structural repairs or roof replacement. This is more extensive than a triple-net (NNN) lease, where the tenant pays taxes, insurance, and maintenance, but not necessarily major capital expenses.
NEW QUESTION # 75
Which of the following entities isMOSTlikely to be omitted from a standard property insurance policy?
Answer: B
Explanation:
Astandard property insurance policytypically covers thenamed insured(the property owner),mortgagees, andproperty managersif they are added as additional insureds.Adjacent property ownersare less likely to be included in the policy unless specifically added, as they have no direct ownership or stake in the insured property.
NEW QUESTION # 76
What is the process used to break down a lease into its specific parts to discover any lease components that have an effect on base rent and the rental stream?
Answer: D
Explanation:
Alease abstractis a summarized version of a lease that breaks it down into its key components, such as base rent, operating expenses, and lease terms. This document helps identify specific details that affect the rental stream and base rent, making it a crucial part of lease analysis.
NEW QUESTION # 77
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