Oregon 30-Hour Real Estate Law Practice Test

What is a primary duty of commercial property managers regarding their buildings?

1. Oversee the financial aspects of properties

2. Oversee the maintenance of buildings on the property

3. Negotiate with tenants for rent reductions

4. Market the properties to potential buyers

The correct answer is: Oversee the maintenance of buildings on the property

The primary duty of commercial property managers regarding their buildings includes overseeing the maintenance of the properties. This responsibility is crucial because it ensures that the buildings remain in good condition, which is essential for tenant satisfaction and retention, as well as the overall value of the property. Effective maintenance management encompasses a range of tasks, including routine inspections, coordinating repairs, managing staff responsible for upkeep, and ensuring compliance with local safety codes. By diligently overseeing maintenance, property managers can prevent larger issues from arising and ensure that the property attracts and retains tenants, ultimately contributing to the financial performance of the investment. The other options, while relevant to the role of a commercial property manager in some capacity, do not represent the primary focus. For instance, overseeing financial aspects and negotiating with tenants are important, but they are secondary to ensuring the physical integrity and operational efficiency of the property. Marketing properties to potential buyers is also a function of commercial property management, but it typically comes into play when a property is being prepared for sale rather than in the routine management of a building. Thus, overseeing the maintenance of buildings is indeed the core responsibility that aligns closely with the day-to-day operations of property management.