CAM TEST Questions With Correct
Answers.
Define Market Segmentation - Answer✔-maximize resources
-tailor to market
-more defined market frofile
The 1964 Fair Housing protects what? - Answer✔-Race
-Color
-Religion
-National Origin
-Sex
-Familial Status
-Handicap
What is the minimum number of required bids? - Answer✔3
What are the five P's? - Answer✔-Place
-Price
-Product
-People
-Promotion
What should be the main focus of an effective incentive program? - Answer✔Job performance
True or False: Someone with HIV is a protected class. - Answer✔True
ADA provision to title III is what? - Answer✔ADA- leasing office area must meet requirements
What is HOPA? - Answer✔HOPA eliminates the requirement that 55 and older have significant
facilities and servicing designed for elderly.
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What year was HOPA established? - Answer✔1995
What did the 1988 Act add? - Answer✔-Familial Status
-Individual with disabilities
Qualifying for modification requires? - Answer✔-Oral or written request
-verification
(if obvious- none are required) If not obvious verification required
Who can verify accomodations for modifications? - Answer✔-Doctor, or medical professor
-Third Party case worker
-Therapist
True or False: Someone addicted to drugs is a protected class - Answer✔False
Valid proof of income? - Answer✔-most recent pay stub
-previous years W2
-Three months worth of bank statements
What are reserve accrual for? - Answer✔Future large cap X improvements
Name 3 examples of vendors that require a license? - Answer✔-Elevator
-Swimming Pool
-A/C
What is an example of a fixed expense? - Answer✔Taxes
Define steering? - Answer✔Trying to encourage prospects to lease at a specific location based
on race, marital status or age.
Ways to meet OSHA guidelines? - Answer✔-monthly safety meetings
-provide healthy and safe work environment
-file and keep all documentation of safety meetings
True or False: Insurance is an example of operating expense - Answer✔True
What is GPR? - Answer✔current rent at 100% occupied
What is the purpose of preventative maintenance? - Answer✔Lessen the likelihood of future
maintenance problems
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