CAM -Certified Apartment Manager Exam
Questions and Answers With 100%
Complete Solutions (2026 Update)
Vacancy,
concession, and
collection loss - Correct Answer -is an allowance for reductions in
potential income attributable to vacancies, concessions, and nonpayment of
rent.
Month-to-month - Correct Answer -refers to a tenancy in which the resident pays
monthly rent
and the tenancy can be terminated by either party at any time on thirty days
notice. A month-to-month tenancy may or may not have a written lease.
Unlawful detainer - Correct Answer -is keeping possession of real property
without a right, such as
after a lease has expired, after being served with a notice to quit (vacate, leave)
for non-payment of rent or other breach of lease, or being a "squatter" on the
property. Such possession entitles the owner to file a lawsuit for "unlawful
detainer," asking for possession by court order, unpaid rent and damages. 2) a
legal action to evict a resident or other occupier of real property in possession,
,without a legal right, to declare a breach of lease, and/or a judgment for
repossession, as well as unpaid rent and other damages.
National origin i - Correct Answer -someone's ethnic or ancestral background.
NAA - Correct Answer -National Apartment Association
Net worth - Correct Answer -is the difference between total assets and total
liabilities. In real
estate, this represents the owner's equity
Undue hardship - Correct Answer -is an act that creates excessive financial,
physical or
psychological difficulty.
NAAEI - Correct Answer -National Apartment Association Education Institute
Toxic materials,
,substances - Correct Answer -are poisonous materials or substances present in
the work environment that are a risk to health and safety.
TITLE VII - Correct Answer -prohibits employment discrimination based on race,
color, religion, sex
and national origin.
Net operating
income - Correct Answer -is the actual or anticipated total revenue that remains
after all operating expenses, but before mortgage debt service and capital
expenditures (or replacement reserve payments) are deducted.
Termination - Correct Answer -is the conclusion of employment, which may be
either voluntary or
involuntary.
Tenancy - Correct Answer -refers to the characteristics (some may include
economic,
location and amenity requirements) of the consumer to whom a community
wants to focus their marketing and advertising efforts. Determining the correct
, targeted prospective residents is the greatest marketing challenging aspect to
developing a marketing plan.
Network - Correct Answer -a group of two or more computers linked together.
There are many
types of computer networks, including:
• Local-area networks (LANs): The computers are physically connected to
each other by cables and are therefore usually located within the same
building.
• Wide-area networks (WANs): The computers are connected by telephone
lines or radio waves and are usually at a distant location from each other.
Owner's equity - Correct Answer -is the owner's claim against the assets of a
business
Non-exempt - Correct Answer -refers to the payroll status of hourly workers who
are paid an
hourly wage for hours worked, plus overtime.
Questions and Answers With 100%
Complete Solutions (2026 Update)
Vacancy,
concession, and
collection loss - Correct Answer -is an allowance for reductions in
potential income attributable to vacancies, concessions, and nonpayment of
rent.
Month-to-month - Correct Answer -refers to a tenancy in which the resident pays
monthly rent
and the tenancy can be terminated by either party at any time on thirty days
notice. A month-to-month tenancy may or may not have a written lease.
Unlawful detainer - Correct Answer -is keeping possession of real property
without a right, such as
after a lease has expired, after being served with a notice to quit (vacate, leave)
for non-payment of rent or other breach of lease, or being a "squatter" on the
property. Such possession entitles the owner to file a lawsuit for "unlawful
detainer," asking for possession by court order, unpaid rent and damages. 2) a
legal action to evict a resident or other occupier of real property in possession,
,without a legal right, to declare a breach of lease, and/or a judgment for
repossession, as well as unpaid rent and other damages.
National origin i - Correct Answer -someone's ethnic or ancestral background.
NAA - Correct Answer -National Apartment Association
Net worth - Correct Answer -is the difference between total assets and total
liabilities. In real
estate, this represents the owner's equity
Undue hardship - Correct Answer -is an act that creates excessive financial,
physical or
psychological difficulty.
NAAEI - Correct Answer -National Apartment Association Education Institute
Toxic materials,
,substances - Correct Answer -are poisonous materials or substances present in
the work environment that are a risk to health and safety.
TITLE VII - Correct Answer -prohibits employment discrimination based on race,
color, religion, sex
and national origin.
Net operating
income - Correct Answer -is the actual or anticipated total revenue that remains
after all operating expenses, but before mortgage debt service and capital
expenditures (or replacement reserve payments) are deducted.
Termination - Correct Answer -is the conclusion of employment, which may be
either voluntary or
involuntary.
Tenancy - Correct Answer -refers to the characteristics (some may include
economic,
location and amenity requirements) of the consumer to whom a community
wants to focus their marketing and advertising efforts. Determining the correct
, targeted prospective residents is the greatest marketing challenging aspect to
developing a marketing plan.
Network - Correct Answer -a group of two or more computers linked together.
There are many
types of computer networks, including:
• Local-area networks (LANs): The computers are physically connected to
each other by cables and are therefore usually located within the same
building.
• Wide-area networks (WANs): The computers are connected by telephone
lines or radio waves and are usually at a distant location from each other.
Owner's equity - Correct Answer -is the owner's claim against the assets of a
business
Non-exempt - Correct Answer -refers to the payroll status of hourly workers who
are paid an
hourly wage for hours worked, plus overtime.
