# ARE Live: Practice Management Mock Exam **URL:** \ **Category:** ARE Live\ **Tags:** are-live\ **Created:** [April 20, 2020, 4:56pm UTC](https://community.blackspectacles.com/t/are-live-practice-management-mock-exam/1042 "2020-04-20T16:56:51Z")\ **Posts on this page:** 20\ **Page:** 2
**Author:** ![marcteer](https://yyz1.discourse-cdn.com/flex029/user_avatar/community.blackspectacles.com/marcteer/32/130_2.png) [@marcteer](https://community.blackspectacles.com/u/marcteer)\ **Post date:** [April 23, 2020, 5:18pm UTC](https://community.blackspectacles.com/t/are-live-practice-management-mock-exam/1042/21 "2020-04-23T17:18:32Z")
Here is NCARB’s most recent post, [https://www.ncarb.org/nbtn2019/examination](https://www.ncarb.org/nbtn2019/examination) Looks like Practice Management is 51%. Project Management is 62% ---
**Author:** ![mgfisher8](https://blackspectacles.com/uploads/images/22.png) [@mgfisher8](https://community.blackspectacles.com/u/mgfisher8)\ **Post date:** [April 23, 2020, 5:19pm UTC](https://community.blackspectacles.com/t/are-live-practice-management-mock-exam/1042/22 "2020-04-23T17:19:16Z")
For Question #1, I was able to come up with the correct answer. However, isn’t Professional Liability Insurance and Errors and Omissions Insurance basically the same thing? ---
**Author:** ![Maya](https://yyz1.discourse-cdn.com/flex029/user_avatar/community.blackspectacles.com/maya/32/443_2.png) [@Maya](https://community.blackspectacles.com/u/Maya)\ **Post date:** [April 23, 2020, 5:19pm UTC](https://community.blackspectacles.com/t/are-live-practice-management-mock-exam/1042/23 "2020-04-23T17:19:51Z")
Question #4 was a bit difficult because I wasn’t sure what the billable rate for the employee was but I just assumed I would need to multiply her hourly rate by a little over 2 to incorporate the overhead and profit. ---
**Author:** ![tatiana](https://blackspectacles.com/uploads/images/15.png) [@tatiana](https://community.blackspectacles.com/u/tatiana)\ **Post date:** [April 23, 2020, 5:20pm UTC](https://community.blackspectacles.com/t/are-live-practice-management-mock-exam/1042/24 "2020-04-23T17:20:11Z")
For question #1, would workers comp be a valid answer, as well? ---
**Author:** ![marcteer](https://yyz1.discourse-cdn.com/flex029/user_avatar/community.blackspectacles.com/marcteer/32/130_2.png) [@marcteer](https://community.blackspectacles.com/u/marcteer)\ **Post date:** [April 23, 2020, 5:21pm UTC](https://community.blackspectacles.com/t/are-live-practice-management-mock-exam/1042/25 "2020-04-23T17:21:37Z")
Yup, they are. Mike was hoping to make exactly that point by providing those as 2 possibilities. ---
**Author:** ![jesicka](https://yyz1.discourse-cdn.com/flex029/user_avatar/community.blackspectacles.com/jesicka/32/442_2.png) [@jesicka](https://community.blackspectacles.com/u/jesicka)\ **Post date:** [April 23, 2020, 5:22pm UTC](https://community.blackspectacles.com/t/are-live-practice-management-mock-exam/1042/26 "2020-04-23T17:22:40Z")
so where will the correct answers be posted? meaning, i missed the final correct answer for # 1. E&O, Prof. liability and Gen insur? ---
**Author:** ![marcteer](https://yyz1.discourse-cdn.com/flex029/user_avatar/community.blackspectacles.com/marcteer/32/130_2.png) [@marcteer](https://community.blackspectacles.com/u/marcteer)\ **Post date:** [April 23, 2020, 5:23pm UTC](https://community.blackspectacles.com/t/are-live-practice-management-mock-exam/1042/27 "2020-04-23T17:23:34Z")
That’s a good question. We usually make them a part of the webinar/podcast, but maybe we can post the answers here too. Let me discuss with Lara, I think we can make that happen… ---
**Author:** ![Lara](https://yyz1.discourse-cdn.com/flex029/user_avatar/community.blackspectacles.com/lara/32/12_2.png) [@Lara](https://community.blackspectacles.com/u/Lara)\ **Post date:** [April 23, 2020, 5:24pm UTC](https://community.blackspectacles.com/t/are-live-practice-management-mock-exam/1042/28 "2020-04-23T17:24:30Z")
Sure thing, once the broadcast is over, I’ll get the answers added in at the top of the thread. ---
**Author:** ![dtrammel](https://blackspectacles.com/uploads/images/19.png) [@dtrammel](https://community.blackspectacles.com/u/dtrammel)\ **Post date:** [April 23, 2020, 5:25pm UTC](https://community.blackspectacles.com/t/are-live-practice-management-mock-exam/1042/29 "2020-04-23T17:25:33Z")
Question 2 was the one I had trouble with only got 2 out of 3. The ‘change order’ option got me - I thought this would be a fast way to resolve an issue. ---
**Author:** ![tamara.elena.perez](https://blackspectacles.com/uploads/images/2.png) [@tamara.elena.perez](https://community.blackspectacles.com/u/tamara.elena.perez)\ **Post date:** [April 23, 2020, 5:27pm UTC](https://community.blackspectacles.com/t/are-live-practice-management-mock-exam/1042/30 "2020-04-23T17:27:39Z")
Question #3 was tricky in the sense that there is no background given on what the AIA B101 contract percentages were agreed on upon project start. ---
**Author:** ![Smith.Marks](https://blackspectacles.com/uploads/images/22.png) [@Smith.Marks](https://community.blackspectacles.com/u/Smith.Marks)\ **Post date:** [April 23, 2020, 5:28pm UTC](https://community.blackspectacles.com/t/are-live-practice-management-mock-exam/1042/31 "2020-04-23T17:28:25Z")
In regard to the first question: I view arbitration, mediation, and litigation all as forms of “dispute resolution.” Thoughts? ---
**Author:** ![jesicka](https://yyz1.discourse-cdn.com/flex029/user_avatar/community.blackspectacles.com/jesicka/32/442_2.png) [@jesicka](https://community.blackspectacles.com/u/jesicka)\ **Post date:** [April 23, 2020, 5:28pm UTC](https://community.blackspectacles.com/t/are-live-practice-management-mock-exam/1042/32 "2020-04-23T17:28:27Z")
Question about virtual workshops, if you guys have time later on 🙂 how does it work? I am taking PPD and PDD at the same time but the workshops are at the same time. I will have to miss one. (Each week)- will they be offered again? I attended one last week and it was super helpful. Also, is “exercise b” different from the original virtual workshop? thank you!!! ---
**Author:** ![dollpjtay](https://blackspectacles.com/uploads/images/24.png) [@dollpjtay](https://community.blackspectacles.com/u/dollpjtay)\ **Post date:** [April 23, 2020, 5:30pm UTC](https://community.blackspectacles.com/t/are-live-practice-management-mock-exam/1042/33 "2020-04-23T17:30:24Z")
I was confused between Arbitration and Dispute resolution. Only because I tied Arbitration and Dispute resolution together. But I understand now. ---
**Author:** ![marcteer](https://yyz1.discourse-cdn.com/flex029/user_avatar/community.blackspectacles.com/marcteer/32/130_2.png) [@marcteer](https://community.blackspectacles.com/u/marcteer)\ **Post date:** [April 23, 2020, 5:30pm UTC](https://community.blackspectacles.com/t/are-live-practice-management-mock-exam/1042/34 "2020-04-23T17:30:36Z")
Agreed. All 3 are methods of dispute resolution. ---
**Author:** ![mykiladjian](https://blackspectacles.com/uploads/images/8.png) [@mykiladjian](https://community.blackspectacles.com/u/mykiladjian)\ **Post date:** [April 23, 2020, 5:30pm UTC](https://community.blackspectacles.com/t/are-live-practice-management-mock-exam/1042/35 "2020-04-23T17:30:48Z")
# Q: Can the architect be Mediating between the Owner and the GC? ---
**Author:** ![marcteer](https://yyz1.discourse-cdn.com/flex029/user_avatar/community.blackspectacles.com/marcteer/32/130_2.png) [@marcteer](https://community.blackspectacles.com/u/marcteer)\ **Post date:** [April 23, 2020, 5:30pm UTC](https://community.blackspectacles.com/t/are-live-practice-management-mock-exam/1042/36 "2020-04-23T17:30:54Z")
Nice 🙂 ---
**Author:** ![marcteer](https://yyz1.discourse-cdn.com/flex029/user_avatar/community.blackspectacles.com/marcteer/32/130_2.png) [@marcteer](https://community.blackspectacles.com/u/marcteer)\ **Post date:** [April 23, 2020, 5:31pm UTC](https://community.blackspectacles.com/t/are-live-practice-management-mock-exam/1042/37 "2020-04-23T17:31:54Z")
Usually, No. I suppose there could be a super rare case where the architect is a Mediator, but I assume that rarely exists. ---
**Author:** ![dollpjtay](https://blackspectacles.com/uploads/images/24.png) [@dollpjtay](https://community.blackspectacles.com/u/dollpjtay)\ **Post date:** [April 23, 2020, 5:36pm UTC](https://community.blackspectacles.com/t/are-live-practice-management-mock-exam/1042/38 "2020-04-23T17:36:05Z")
IDM is typically the Architect. Mediation is non-binding. Arbitration is binding. All processes before getting to Litigation which is expensive. ---
**Author:** ![WilliamJ](https://yyz1.discourse-cdn.com/flex029/user_avatar/community.blackspectacles.com/williamj/32/452_2.png) [@WilliamJ](https://community.blackspectacles.com/u/WilliamJ)\ **Post date:** [April 23, 2020, 5:36pm UTC](https://community.blackspectacles.com/t/are-live-practice-management-mock-exam/1042/39 "2020-04-23T17:36:30Z")
I agree, I also take into consideration that you would want to make a profit. ---
**Author:** ![jesicka](https://yyz1.discourse-cdn.com/flex029/user_avatar/community.blackspectacles.com/jesicka/32/442_2.png) [@jesicka](https://community.blackspectacles.com/u/jesicka)\ **Post date:** [April 23, 2020, 5:37pm UTC](https://community.blackspectacles.com/t/are-live-practice-management-mock-exam/1042/40 "2020-04-23T17:37:03Z")
🤣 mike’s deeper voice. subtle but we know his voice well from all those videos in the course. [Previous page](https://community.blackspectacles.com/t/are-live-practice-management-mock-exam/1042.md?page=1) [Next page](https://community.blackspectacles.com/t/are-live-practice-management-mock-exam/1042.md?page=3)