Page 1 of 27
ACCREDITED RESIDENTIAL MANAGER - ARM
IREM CERTIFICATION EXAM | {LATEST 2026/
2027 UPDATE} COMPLETE ACTUAL AND
AUTHENTIC EXAM | BRAND NEW!
FHA - ✔✔✔ CORRECT ANSWER > Federal Housing
Administration
What the market will bear pricing - ✔✔✔ CORRECT ANSWER > A
method of pricing that focuses on what is possible. Raising rent
prices while keeping occupancy high and and vacancies low. Will
take time to find the balance.
Disparate Impact - ✔✔✔ CORRECT ANSWER > Polices with non -
discriminatory intentions that inadvertently discriminate against
a protected class.
Different Treatment - ✔✔✔ CORRECT ANSWER > The
discrimination against a protected class in the form of treatment.
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The Federal Housing Administration is a US agency that was
created in 1968 as part of section 8 of the Civil Rights Act. - ✔✔✔
CORRECT ANSWER > FHA
Resident Selection Criteria - ✔✔✔ CORRECT ANSWER > Standard
policy for determining the desired rent to income ratio, minimum
period of employment by present employer, etc.
The Americans with disabilities act of 1990 is Civil rights
legislation that protects the rights of the disabled. - ✔✔✔
CORRECT ANSWER > ADA
Traffic Report - ✔✔✔ CORRECT ANSWER > Logs telephone calls
and visits to the property, source of the traffic, result of each
contact, etc.
History - Based Forecasting - ✔✔✔ CORRECT ANSWER >
Forecasting future expenses based on historical data.
Capital Budget - ✔✔✔ CORRECT ANSWER > A projection that
describes the sources of funds for building up capital reserves
as well as how and when those funds will be used. Long term
Budget.
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Current Liabilities - ✔✔✔ CORRECT ANSWER > Liabilities due
within the coming year.
Short Term/Current Assets - ✔✔✔ CORRECT ANSWER > Assets
that are expected to be converted into cash or used up within the
year.
Long - term Liability - ✔✔✔ CORRECT ANSWER > Liabilities that
are paid off over an extended period of time.
Pro - forma Budget - ✔✔✔ CORRECT ANSWER > Used to estimate
the revenues and expenses of a new acquisition or future project
under normal, stable market conditions.
Capital Expenditure - ✔✔✔ CORRECT ANSWER > Spending on
Capital assets such as future renovations, that add to a
properties' value or prolong its useful life.
Reasons to defer maintenance - ✔✔✔ CORRECT ANSWER > Not
enough time, unsuitable conditions, lack of parts/materials,
property is being sold as - is.
Absorbtion - ✔✔✔ CORRECT ANSWER > The space that is
"absorbed" by residents from the available (not - leased) space.
ACCREDITED RESIDENTIAL MANAGER - ARM
IREM CERTIFICATION EXAM | {LATEST 2026/
2027 UPDATE} COMPLETE ACTUAL AND
AUTHENTIC EXAM | BRAND NEW!
FHA - ✔✔✔ CORRECT ANSWER > Federal Housing
Administration
What the market will bear pricing - ✔✔✔ CORRECT ANSWER > A
method of pricing that focuses on what is possible. Raising rent
prices while keeping occupancy high and and vacancies low. Will
take time to find the balance.
Disparate Impact - ✔✔✔ CORRECT ANSWER > Polices with non -
discriminatory intentions that inadvertently discriminate against
a protected class.
Different Treatment - ✔✔✔ CORRECT ANSWER > The
discrimination against a protected class in the form of treatment.
,Page 2 of 27
The Federal Housing Administration is a US agency that was
created in 1968 as part of section 8 of the Civil Rights Act. - ✔✔✔
CORRECT ANSWER > FHA
Resident Selection Criteria - ✔✔✔ CORRECT ANSWER > Standard
policy for determining the desired rent to income ratio, minimum
period of employment by present employer, etc.
The Americans with disabilities act of 1990 is Civil rights
legislation that protects the rights of the disabled. - ✔✔✔
CORRECT ANSWER > ADA
Traffic Report - ✔✔✔ CORRECT ANSWER > Logs telephone calls
and visits to the property, source of the traffic, result of each
contact, etc.
History - Based Forecasting - ✔✔✔ CORRECT ANSWER >
Forecasting future expenses based on historical data.
Capital Budget - ✔✔✔ CORRECT ANSWER > A projection that
describes the sources of funds for building up capital reserves
as well as how and when those funds will be used. Long term
Budget.
, Page 3 of 27
Current Liabilities - ✔✔✔ CORRECT ANSWER > Liabilities due
within the coming year.
Short Term/Current Assets - ✔✔✔ CORRECT ANSWER > Assets
that are expected to be converted into cash or used up within the
year.
Long - term Liability - ✔✔✔ CORRECT ANSWER > Liabilities that
are paid off over an extended period of time.
Pro - forma Budget - ✔✔✔ CORRECT ANSWER > Used to estimate
the revenues and expenses of a new acquisition or future project
under normal, stable market conditions.
Capital Expenditure - ✔✔✔ CORRECT ANSWER > Spending on
Capital assets such as future renovations, that add to a
properties' value or prolong its useful life.
Reasons to defer maintenance - ✔✔✔ CORRECT ANSWER > Not
enough time, unsuitable conditions, lack of parts/materials,
property is being sold as - is.
Absorbtion - ✔✔✔ CORRECT ANSWER > The space that is
"absorbed" by residents from the available (not - leased) space.
