CAM -Certified Apartment Manager Study Guide (Latest 2024/ 2025 Update) |Qs & As| 100% Correct| Grade A (Verified Answers)

CAM -Certified Apartment Manager Study Guide (Latest 2024/ 2025 Update) |Qs & As| 100% Correct| Grade A (Verified Answers) Q: What are reserve accrual for? Answer: Future large cap X improvements Q: Name 3 examples of vendors that require a license? Answer: -Elevator -Swimming Pool -A/C Q: What is an example of a fixed expense? Answer: Taxes Q: Define steering? Answer: Trying to encourage prospects to lease at a specific location based on race, marital status or age. Q: Ways to meet OSHA guidelines? Answer: -monthly safety meetings -provide healthy and safe work environment -file and keep all documentation of safety meetings Q: True or False: Insurance is an example of operating expense Answer: True Q: What is GPR? Answer: current rent at 100% occupied Q: What is the purpose of preventative maintenance? Answer: Lessen the likelihood of future maintenance problems Q: What does exposure incident involve? Answer: Blood or Bodily Fluids Q: What two forms of payments can be accepted for rent? Answer: Check or Money Order Q: What are reasons to fire a vendor? Answer: -Conflict of interest -Non payment of taxes Q: What is the number one valid reason for eviction? Answer: unauthorized occupant Q: What are some things to consider in marketing? Answer: -Audience -Budget -Frequency occurance Q: Employment applications may not include what? Answer: Date of Birth Q: True or False: You required to have personal protective equipment instructions posted? Answer: False Q: How can you deal with a holdover? Answer: Renew under previous lease terms Q: What is the purpose of team counseling? Answer: To discuss a problem and achieve a plan of action Q: Who can provide mortgage loans? Answer: -Federal government -mutual funds -banks Q: Service technicians waste approximately how many hours per day?