CALP Exam Study Guide questions and
answers
Which aspect of virtual leasing is MOST important? ✔✔it adds to the
leasing professional's sales toolkit
The automated revenue model in use at a property may trigger what kind of
an objection? ✔✔Price
Your community has 48 1/1 apartments leasing for a market rent of $1375.
Your manager has approved an incentive of one month free on a 12-month
lease. What is the effective monthly rent of the 1/1 in whole dollars?
✔✔$1260
Your manager is considering a leasing incentive on 12-month leases.
Which would offer the higher effective rent - Two weeks free on a 2/1
leasing for $1250 or one month free on a 2/1 leasing for $1275? ✔✔The
$1250 unit
The term "Effective Rent" means what? ✔✔Rental rates reduced by any
concessions;
Does a $100 gift card affect market rent? ✔✔No, it is a marketing expense
Which of the following communities has the higher total monthly market
rent?Property A - 24 units @$985; 48 units @$1345; 36 units
, @$2230Property B - 36 units @$885; 36 units @$1265; 24 units
@$2550Property C - 48 units@$875; 18 units @$1385; 22 units @$2495
✔✔Property A
What is the rent per square foot for a 1/1 unit of 657 SF priced for $1015?
✔✔$1.54
A two- bedroom unit measuring 1175 square feet rents for $1.47 per square
foot per month. What is its monthly rent? ✔✔$1727
What is the average rent per square foot for these 4 properties in your
monthly market survey?Property A $1.46/SF;Property B $1.37/SF; Property
C $2.02/SF; Property D $1.87/SF ✔✔$1.68
What is the average 1- bedroom unit size at your community with 3 one-
bedroom plans?
Plan A 24 units @645 SF;
Plan B 12 units @758 SF;
Plan C 36 units @952 SF ✔✔817SF
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?
✔✔47.3%
answers
Which aspect of virtual leasing is MOST important? ✔✔it adds to the
leasing professional's sales toolkit
The automated revenue model in use at a property may trigger what kind of
an objection? ✔✔Price
Your community has 48 1/1 apartments leasing for a market rent of $1375.
Your manager has approved an incentive of one month free on a 12-month
lease. What is the effective monthly rent of the 1/1 in whole dollars?
✔✔$1260
Your manager is considering a leasing incentive on 12-month leases.
Which would offer the higher effective rent - Two weeks free on a 2/1
leasing for $1250 or one month free on a 2/1 leasing for $1275? ✔✔The
$1250 unit
The term "Effective Rent" means what? ✔✔Rental rates reduced by any
concessions;
Does a $100 gift card affect market rent? ✔✔No, it is a marketing expense
Which of the following communities has the higher total monthly market
rent?Property A - 24 units @$985; 48 units @$1345; 36 units
, @$2230Property B - 36 units @$885; 36 units @$1265; 24 units
@$2550Property C - 48 units@$875; 18 units @$1385; 22 units @$2495
✔✔Property A
What is the rent per square foot for a 1/1 unit of 657 SF priced for $1015?
✔✔$1.54
A two- bedroom unit measuring 1175 square feet rents for $1.47 per square
foot per month. What is its monthly rent? ✔✔$1727
What is the average rent per square foot for these 4 properties in your
monthly market survey?Property A $1.46/SF;Property B $1.37/SF; Property
C $2.02/SF; Property D $1.87/SF ✔✔$1.68
What is the average 1- bedroom unit size at your community with 3 one-
bedroom plans?
Plan A 24 units @645 SF;
Plan B 12 units @758 SF;
Plan C 36 units @952 SF ✔✔817SF
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?
✔✔47.3%
