CAPS NAA Exam Questions with complete
solutions (2024-2025)
What jare jthe jthree jthings jan jowner jwill jdo jwith ja jproperty jafter jinvesting jin jit?
j- jANS✓✓-Renovate, jRefinance, jDisposition
Due jDiligence j- jANS✓✓-Assessing jthe jrisk j(legal, jfinancial, jsafety) jof jacquiring
ja jproperty.
How jmight jCAPS jbe jinvolved jin jthe jdue jdiligence jprocess? j- jANS✓✓-In
jsmaller jcompanies, jyou jmay jlead jthe jevaluation jand jdue jdiligence jprocess jfor
jthe jowner. jIn jlarger jcompanies, jyou'll jbe jan jimportant jmember jof ja jlarger jdue
jdiligence jand jdiscovery jteam jand jbe jassigned jcertain jresponsibilities jin jthe
jprocess.
Due jdiligence jprocess jdifferences jwhen jundertaken jfor jproperty jacquisition jvs
jannual jbudgeting? j- jANS✓✓-When jundertaken jfor jproperty jacquisition, jthe
jdue jdiligence jprocess jis jcarried jout jwithin jthe jset jof jinvestment jgoals ja
jprospective jbuyer jidentifies.
When jdone jfor jannual jbudgeting jpurposes, jthe jprocess jis jmore jcompact, jbut
jstill jdone jwith jan jeye jto jthe jowners jinvestment jgoals jfor jthat jproperty.
Key jDue jDiligence jProcesses j- jANS✓✓-Analyzing jthe jrent jroll jand jauditing
jlease jfiles
Reviewing jservice jrequests jhistory
Ensuring jgovernmental jcompliance
Reviewing jrecoded jdocuments jand jlitigation
Performing jphysical jinspections
Checking jfor jtax jissues
Reviewing jinsurance jpolicies jand jrisk jmanagement jclaims
List jof jpersonal jproperty
Market jStudy
What jare jkey jitems jto jresearch jwhen jdoing ja jregional janalysis j- jANS✓✓-
Zoning jrestrictions
, Rent jControl
Building jcodes jand jrestrictions
Licensing jfees
Infrastructure
Effective jMarket jArea j- jANS✓✓-Location
Rent
Age
Quality jand jtype jof jconstruction
Amenities
Appearance
2 jthings jyou jshould jdo jin jorder jto jconduct ja jneighborhood janalysis j- jANS✓✓-
Visit jthe jneighborhood jpersonally
Look jat jpublic jrecord jdata
When jdoing jneighborhood janalysis, jwhat jare jthree jkey jitems jto jresearch j- jANS
✓✓-Changing jdemographics
Fluctuating jreal jestate jprices
Economic jforces
What jitems jshould jyou jlook jat jwhen janalyzing ja jcompetitive jproperty jand
jcomparing jit jwith jyour jproperty? j- jANS✓✓-Base jand jmarket jrents
Unit jtype
Square jFootage
Market jrent, jincluding jadditional jrecurring jcharges jfor jamenities
Market jrent jper jsq jft.
Amenities
Incentives
What jare jsome jkey jquestions jto jask jyourself jafter jcomparing jyour jproperty jto
ja jcompetitor, jin jorder jto jsee jwhere jyou jcan jimprove? j- jANS✓✓-Can jrents jand
jamenity jcharges jbe jincreased? jHow jmuch? jHow jsoon?
Can jrents jbe jincreased jafter jcapital jimprovements?
How jmuch jof jan jincrease jis jappropriate jbased jon jcurrent jcondition jor
jrenovation jplans?
Can jrents jbe jincreased jfor jselective junits?
What jis jthe jcompetitive jleasing jedge jfor jthe jproperty? jWhat jcan jbe jdone jto
jimprove jit?
What jimprovements jmust jbe jmade jto jmeet jor jbeat jthe jcompetition?
What jdo jyou jneed jto jdo jas jpart jof jan jinspection? j- jANS✓✓-Understand jthe
jowners jobjectives jand jpurpose jof jthe jinspection
'Use jdetailed jchecklists jand jmake juse jof jinspection jsoftware jand japps.
Pay jclose jattention jto jknown jareas jof jpotential jrisk
Know jthe juseful jlife jof jimportant jsystems, jand jwhere jthey jare jin jtheir jlife jcycle
solutions (2024-2025)
What jare jthe jthree jthings jan jowner jwill jdo jwith ja jproperty jafter jinvesting jin jit?
j- jANS✓✓-Renovate, jRefinance, jDisposition
Due jDiligence j- jANS✓✓-Assessing jthe jrisk j(legal, jfinancial, jsafety) jof jacquiring
ja jproperty.
How jmight jCAPS jbe jinvolved jin jthe jdue jdiligence jprocess? j- jANS✓✓-In
jsmaller jcompanies, jyou jmay jlead jthe jevaluation jand jdue jdiligence jprocess jfor
jthe jowner. jIn jlarger jcompanies, jyou'll jbe jan jimportant jmember jof ja jlarger jdue
jdiligence jand jdiscovery jteam jand jbe jassigned jcertain jresponsibilities jin jthe
jprocess.
Due jdiligence jprocess jdifferences jwhen jundertaken jfor jproperty jacquisition jvs
jannual jbudgeting? j- jANS✓✓-When jundertaken jfor jproperty jacquisition, jthe
jdue jdiligence jprocess jis jcarried jout jwithin jthe jset jof jinvestment jgoals ja
jprospective jbuyer jidentifies.
When jdone jfor jannual jbudgeting jpurposes, jthe jprocess jis jmore jcompact, jbut
jstill jdone jwith jan jeye jto jthe jowners jinvestment jgoals jfor jthat jproperty.
Key jDue jDiligence jProcesses j- jANS✓✓-Analyzing jthe jrent jroll jand jauditing
jlease jfiles
Reviewing jservice jrequests jhistory
Ensuring jgovernmental jcompliance
Reviewing jrecoded jdocuments jand jlitigation
Performing jphysical jinspections
Checking jfor jtax jissues
Reviewing jinsurance jpolicies jand jrisk jmanagement jclaims
List jof jpersonal jproperty
Market jStudy
What jare jkey jitems jto jresearch jwhen jdoing ja jregional janalysis j- jANS✓✓-
Zoning jrestrictions
, Rent jControl
Building jcodes jand jrestrictions
Licensing jfees
Infrastructure
Effective jMarket jArea j- jANS✓✓-Location
Rent
Age
Quality jand jtype jof jconstruction
Amenities
Appearance
2 jthings jyou jshould jdo jin jorder jto jconduct ja jneighborhood janalysis j- jANS✓✓-
Visit jthe jneighborhood jpersonally
Look jat jpublic jrecord jdata
When jdoing jneighborhood janalysis, jwhat jare jthree jkey jitems jto jresearch j- jANS
✓✓-Changing jdemographics
Fluctuating jreal jestate jprices
Economic jforces
What jitems jshould jyou jlook jat jwhen janalyzing ja jcompetitive jproperty jand
jcomparing jit jwith jyour jproperty? j- jANS✓✓-Base jand jmarket jrents
Unit jtype
Square jFootage
Market jrent, jincluding jadditional jrecurring jcharges jfor jamenities
Market jrent jper jsq jft.
Amenities
Incentives
What jare jsome jkey jquestions jto jask jyourself jafter jcomparing jyour jproperty jto
ja jcompetitor, jin jorder jto jsee jwhere jyou jcan jimprove? j- jANS✓✓-Can jrents jand
jamenity jcharges jbe jincreased? jHow jmuch? jHow jsoon?
Can jrents jbe jincreased jafter jcapital jimprovements?
How jmuch jof jan jincrease jis jappropriate jbased jon jcurrent jcondition jor
jrenovation jplans?
Can jrents jbe jincreased jfor jselective junits?
What jis jthe jcompetitive jleasing jedge jfor jthe jproperty? jWhat jcan jbe jdone jto
jimprove jit?
What jimprovements jmust jbe jmade jto jmeet jor jbeat jthe jcompetition?
What jdo jyou jneed jto jdo jas jpart jof jan jinspection? j- jANS✓✓-Understand jthe
jowners jobjectives jand jpurpose jof jthe jinspection
'Use jdetailed jchecklists jand jmake juse jof jinspection jsoftware jand japps.
Pay jclose jattention jto jknown jareas jof jpotential jrisk
Know jthe juseful jlife jof jimportant jsystems, jand jwhere jthey jare jin jtheir jlife jcycle
