CAM -Certified Apartment Manager
UPDATED ACTUAL Exam Questions and
CORRECT Answers
Abandon - CORRECT ANSWER✔✔ -is to intentionally and permanently give up, surrender,
leave and
desert or relinquish all interest or ownership in property, a home or other
premises, or a right of way. The word is often used in situations to determine
whether a resident has left his/her apartment and the property inside and does
not intend to come back.
Absolute - CORRECT ANSWER✔✔ -is a chemical substance that is not mixed: pure. A
single dose of or
exposure to a substance
Acceptance - CORRECT ANSWER✔✔ -is voluntarily receiving something that is offered.
This is a required
component of a legal contract
Accessible - CORRECT ANSWER✔✔ -is the public and common use areas of an apartment
community,
which can be used by "individuals with physical disabilities." A requirement for
apartments constructed for first occupancy after March 13, 1991.
Accessible route - CORRECT ANSWER✔✔ -s a continuous and unobstructed path through
corridors,
floors, ramps, elevators, parking access aisles, curb ramps, walks, etc. which can
be used be a person with a severe disability using a wheelchair and that is also
safe for use by persons with other disabilities. A requirement for apartments
constructed after March 13, 1991.
,Accommodation - CORRECT ANSWER✔✔ -refers to changes in rules, services, practices or
policies that
allow persons with disabilities equal enjoyment of housing but do not change
the nature of the program.
Accrual basis
accounting - CORRECT ANSWER✔✔ -refers to the accounting method that records income
and expenses in the fiscal period they are earned or incurred regardless of
when they are actually received or paid.
Action - CORRECT ANSWER✔✔ -in the sense of a judicial proceeding includes
recoupment, counterclaim,
set-off, suit in equity and any other proceedings in which rights are determined.
Administrative
complaint - CORRECT ANSWER✔✔ -is a complaint that is usually referred to as a "fair
housing complaint". It is a written statement filed with HUD, DOJ or a state
enforcement agency alleging that a fair housing violation has occurred.
Administrative law
judge - CORRECT ANSWER✔✔ -is a federal judge who hears evidence in an
administrative hearing and determines if discrimination occurred, and, if so,
decides what penalties, fines or damages must be awarded to the person
against whom the discrimination occurred.
Administrator - CORRECT ANSWER✔✔ -exercises independent judgment and discretion
and manages and
oversees management policies and general business operations.
Advertising - CORRECT ANSWER✔✔ -is the non-personal promotion of the product,
service or company
,in mass media that is openly paid for and/or sponsored by you.
Advertising
strategies - CORRECT ANSWER✔✔ -begin with describing and identifying the target
audience.
The next step is to set up specific objectives and decide on the advertising
budget
Adware - CORRECT ANSWER✔✔ -is a form of spyware that collects information about the
user in order to
display advertisements in the Web browser based on the information it collects
from the user's browsing patterns.
Affirmative action - CORRECT ANSWER✔✔ -is a plan or program created to increase
opportunities for
minorities, women, disabled/handicapped individuals, veterans and other
protected classes
Agent - CORRECT ANSWER✔✔ -is a person who is authorized to act for another (the
agent's principal)
through employment, by contract or apparent authority. The importance is
that the agent can bind the principal by contract or create liability while in the
scope of the agency.
Aggrieved party - CORRECT ANSWER✔✔ -is a party entitled to resort to a remedy
Aggrieved person - CORRECT ANSWER✔✔ -is any person who claims to have been
injured by a
discriminatory housing practice or believes he/she will be injured by a
discriminatory housing practice that is about to occur.
, Agreement - CORRECT ANSWER✔✔ -is the bargain of the parties in fact as found in their
language or by
implication from other circumstances including course of dealing or usage of
trade or course performance.
Amenities - CORRECT ANSWER✔✔ -are specific items offered at the community in
addition to the space.
i.e.: pool, tennis courts, recreation room etc.
Amortization - CORRECT ANSWER✔✔ -is the process of retiring a debt or recovering
capital investment,
typically through scheduled, systematic repayment of the principal.
Analysis - CORRECT ANSWER✔✔ -is researching and evaluating a situation prior to
making
recommendations
Arbitration - CORRECT ANSWER✔✔ -is a non-judicial process in which disputing parties
agree to bind
themselves to whatever decision the arbitrator determines as a fair solution.
Asbestos - CORRECT ANSWER✔✔ -is a mineral fiber than can pollute air or water and
cause cancer or
asbestosis when inhaled. The U.S. Environmental Protection Agency (EPA) has
banned or severely restricted its use in manufacturing and construction.
Assignment - CORRECT ANSWER✔✔ -is a written transfer of the rights of use and
occupancy of a
property held by another legal entity, or to be used for the benefit of creditors,
e.g., assignments of mortgages, sales contracts and/or leases.
UPDATED ACTUAL Exam Questions and
CORRECT Answers
Abandon - CORRECT ANSWER✔✔ -is to intentionally and permanently give up, surrender,
leave and
desert or relinquish all interest or ownership in property, a home or other
premises, or a right of way. The word is often used in situations to determine
whether a resident has left his/her apartment and the property inside and does
not intend to come back.
Absolute - CORRECT ANSWER✔✔ -is a chemical substance that is not mixed: pure. A
single dose of or
exposure to a substance
Acceptance - CORRECT ANSWER✔✔ -is voluntarily receiving something that is offered.
This is a required
component of a legal contract
Accessible - CORRECT ANSWER✔✔ -is the public and common use areas of an apartment
community,
which can be used by "individuals with physical disabilities." A requirement for
apartments constructed for first occupancy after March 13, 1991.
Accessible route - CORRECT ANSWER✔✔ -s a continuous and unobstructed path through
corridors,
floors, ramps, elevators, parking access aisles, curb ramps, walks, etc. which can
be used be a person with a severe disability using a wheelchair and that is also
safe for use by persons with other disabilities. A requirement for apartments
constructed after March 13, 1991.
,Accommodation - CORRECT ANSWER✔✔ -refers to changes in rules, services, practices or
policies that
allow persons with disabilities equal enjoyment of housing but do not change
the nature of the program.
Accrual basis
accounting - CORRECT ANSWER✔✔ -refers to the accounting method that records income
and expenses in the fiscal period they are earned or incurred regardless of
when they are actually received or paid.
Action - CORRECT ANSWER✔✔ -in the sense of a judicial proceeding includes
recoupment, counterclaim,
set-off, suit in equity and any other proceedings in which rights are determined.
Administrative
complaint - CORRECT ANSWER✔✔ -is a complaint that is usually referred to as a "fair
housing complaint". It is a written statement filed with HUD, DOJ or a state
enforcement agency alleging that a fair housing violation has occurred.
Administrative law
judge - CORRECT ANSWER✔✔ -is a federal judge who hears evidence in an
administrative hearing and determines if discrimination occurred, and, if so,
decides what penalties, fines or damages must be awarded to the person
against whom the discrimination occurred.
Administrator - CORRECT ANSWER✔✔ -exercises independent judgment and discretion
and manages and
oversees management policies and general business operations.
Advertising - CORRECT ANSWER✔✔ -is the non-personal promotion of the product,
service or company
,in mass media that is openly paid for and/or sponsored by you.
Advertising
strategies - CORRECT ANSWER✔✔ -begin with describing and identifying the target
audience.
The next step is to set up specific objectives and decide on the advertising
budget
Adware - CORRECT ANSWER✔✔ -is a form of spyware that collects information about the
user in order to
display advertisements in the Web browser based on the information it collects
from the user's browsing patterns.
Affirmative action - CORRECT ANSWER✔✔ -is a plan or program created to increase
opportunities for
minorities, women, disabled/handicapped individuals, veterans and other
protected classes
Agent - CORRECT ANSWER✔✔ -is a person who is authorized to act for another (the
agent's principal)
through employment, by contract or apparent authority. The importance is
that the agent can bind the principal by contract or create liability while in the
scope of the agency.
Aggrieved party - CORRECT ANSWER✔✔ -is a party entitled to resort to a remedy
Aggrieved person - CORRECT ANSWER✔✔ -is any person who claims to have been
injured by a
discriminatory housing practice or believes he/she will be injured by a
discriminatory housing practice that is about to occur.
, Agreement - CORRECT ANSWER✔✔ -is the bargain of the parties in fact as found in their
language or by
implication from other circumstances including course of dealing or usage of
trade or course performance.
Amenities - CORRECT ANSWER✔✔ -are specific items offered at the community in
addition to the space.
i.e.: pool, tennis courts, recreation room etc.
Amortization - CORRECT ANSWER✔✔ -is the process of retiring a debt or recovering
capital investment,
typically through scheduled, systematic repayment of the principal.
Analysis - CORRECT ANSWER✔✔ -is researching and evaluating a situation prior to
making
recommendations
Arbitration - CORRECT ANSWER✔✔ -is a non-judicial process in which disputing parties
agree to bind
themselves to whatever decision the arbitrator determines as a fair solution.
Asbestos - CORRECT ANSWER✔✔ -is a mineral fiber than can pollute air or water and
cause cancer or
asbestosis when inhaled. The U.S. Environmental Protection Agency (EPA) has
banned or severely restricted its use in manufacturing and construction.
Assignment - CORRECT ANSWER✔✔ -is a written transfer of the rights of use and
occupancy of a
property held by another legal entity, or to be used for the benefit of creditors,
e.g., assignments of mortgages, sales contracts and/or leases.
