CALP EXAM Pt. 4 questions and answers

CALP EXAM Pt. 4 questions and
answers
If a 457- unit property moves out 18 units per month average and moves in
15 units per month average, what is the properties annual turnover rate?



A. 47.3%

B. 45.5%

C. 7.9%

D. 9.7% ✔✔47.3%



If a 669-unit property has an annual turnover rate of 47.5%, how many
units moved out (use whole numbers)



A. 351

B. 318

C. 331

D. 327 ✔✔318



Mary closes 13 prospects out of 18 walks; Jody closes 9 prospects out of
13 walks and Latasha closes 8 leases out of 11 walks. Who had the highest
closing ratio?



A. Mary

, B. Jody

C. Latasha

D. Mary and Latasha have the same ✔✔Latasha



In the above example, what was the property-wide closing ratio? (use who
percentages)



A. 71.4%

B. 71.3%

C. 71.5%

D. 71.1% ✔✔71.4%



What is a 412-unit property's leased percentage with 387 units occupied;
12 on notice to vacate; 14 vacants pre-leased and 2 notices preleased?



A. 93.0%

B. 94.9%

C. 98.6%

D. 92.8% ✔✔94.9%



What two factors are needed to calculate physical occupancy?



A. Total units and occupied units