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Calp Course 3 Exam 2025 Questions And Answers

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What is the difference between a competitor and a comparable property? - ANS Competitor has different styles. Comparable has the same styles. Why should you " shop your competition"? - ANS to learn about your competitors from the perspective of a prospective residents What are two ways to shop the competition in person? - ANS pose as a real applicant or be yourself When shopping a competitor online what website characteristics should you look for? - ANS communities, online curb appeal, online reputation, online response time what are the five key areas to look at when shopping your competition? - ANS product, place, price, promotion a

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CALP COURSE 3 EXAM 2025 QUESTIONS
AND ANSWERS


What is the difference between a competitor and a comparable property? - ANS Competitor
has different styles. Comparable has the same styles.



Why should you " shop your competition"? - ANS to learn about your competitors from the
perspective of a prospective residents



What are two ways to shop the competition in person? - ANS pose as a real applicant or be
yourself


When shopping a competitor online what website characteristics should you look for? -
ANS communities, online curb appeal, online reputation, online response time



what are the five key areas to look at when shopping your competition? - ANS product,
place, price, promotion and people


What should you include when you are calculating the " total cost of renting" at your
competition? - ANS add-on charges



What is a market survey and why is it useful? - ANS an organized comparable analysis of
communities that are considered competition wether in the same city, area, neighborhood or
any other given geographical unit. Helps define the subjects competitive advantages.
1
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