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Latest Updated BOMI International CAP-2101-20 Valid Exam Practice: RPA Capstone Experience

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BOMI International RPA Capstone Experience Sample Questions (Q58-Q63):

NEW QUESTION # 58
A commercial property was contacted by a governmental agency to schedule an upcoming property inspection. What is theMOSTappropriate way for the property manager to prepare for the inspection?

A. Create a tenant organizational chart.
B. Prescreen maintenance vendors.
C. Document policies and procedures.
D. Determine a daily staff roster and schedule.

Answer: C

Explanation:
When a governmental agency conducts a property inspection, the focus is often on compliance with regulations, standards, and documented practices.Documented policies and proceduresare crucial for demonstrating that the property is being managed according to legal and operational standards. This provides inspectors with formal proof of how operations, safety, and compliance are handled.

NEW QUESTION # 59
A property manager was recently hired to oversee a portfolio of properties. The property manager would like to become familiar with the terms of the leases and is reviewing the lease abstracts for this information. The previous property manager is a former colleague and someone who the current property manager knows quite well. What is best practice when assuming the role of a property manager to determine theMOSTaccurate lease terms?

A. Compare the lease abstract to the lease.
B. Compare the rent roll to the tenant rent invoice.
C. Compare the lease abstract to the rent roll.
D. Compare the lease to the budget.

Answer: A

Explanation:
The best practice for determining the most accurate lease terms is to compare thelease abstractto thelease itself, as it will provide the most direct and accurate information.

NEW QUESTION # 60
A property manager is reviewing the annual operating budget for a commercial office building. The building's budget for energy costs is projected to be $200,000, but actual expenses for the year were $250,000. What action should the property manager take to address this overage?

A. Report the overage in the monthly financial statement and recommend a review of energy efficiency measures.
B. Reduce the property's reserve fund to cover the additional costs.
C. Ignore the overage, as it was within the allowable 10% variance.
D. Reallocate the overage from the building's capital improvements budget.

Answer: A

NEW QUESTION # 61
A property manager is overseeing a tenant improvement project in an older office building. Asbestos insulation was discovered behind the walls. Which type of project change BEST describes this delay?

A. Actual
B. Accelerated
C. Constructive
D. Disruptive

Answer: D

Explanation:
Analysis:
* A. Accelerated- Refers to speeding up a project, not applicable here.
* B. Actual- Too generic and doesn't specify the nature of the issue.
* C. Constructive- Usually refers to implied or unspoken changes or obligations, not unexpected delays due to discovered conditions.
* D. Disruptive-#The presence of asbestos is anunforeseen conditionthathalts or delays the work. This is best described as adisruptive change.

NEW QUESTION # 62
Which of the requested renovations is categorized as tenant improvements?

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

Answer: B

Explanation:
From the Scenario:
The scenario mentions:
"The potential occupant will require secured access to their space at all times."
"The potential occupant would like to have the windows restored and two sets of public restrooms totaling
2,000 square feet."
Now let's evaluate:
* A. Access control system-Requested by thetenantfor theirexclusive use. This is a typicaltenant improvement.
Scenario 2
A real estate partnership recently purchased a new property for its portfolio. The property was developed in the 1980s and has not since had a major renovation. It is a200,000 square foot, three-story office building.
When built, it was aClass A suburban office buildingin a strong market in one of the nicer business parks in the city.
The partnership typically purchases buildings that are in need of repairs and upgrades. The partnership is focused onsustainability and energy savings. The partnership staff, including asset management, accounting, and finance, are located1,000 miles away. This is the partnership'sfirst purchase in this marketplace.
During due diligence, the partnership found records were not as complete as expected. There are a variety of lease types, although they all have strong terms and conditions for lease renewals, including exceptions for tenant default. It is the new owner's preference totransition the building to a triple-net (NNN)lease structure. All leases and addenda, past rent rolls, financials, and operating reports are available for inspection and review.
The property is70% occupied, and25% of the building is up for renewal during the next two years. An appraisal report shows thecapitalization ratefor the market for this type of property is6.5%. The property manager has been asked to prepare anincome projectionfor the coming budget year.
The building has many needs in order to return to its former position in the marketplace, which includes energy and sustainability upgradesusing modern technology.

NEW QUESTION # 63
......

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