CALP Final Exam COMPLETE NEWEST 200 QUESTIONS AND VERIFIED SOLUTIONS LATEST UPDATE THIS YEAR

Page 1 of 62




CALP Final Exam COMPLETE NEWEST 200
QUESTIONS AND VERIFIED SOLUTIONS
LATEST UPDATE THIS YEAR




QUESTION: What is the rent per square foot for a 1/1 unit of 657 sf priced for $1015?




a. $1.75


b. $1.54


c. $1.36


d. $1.48 - ANSWER-B. $1.54




R / sqft = r.sqft




1015/657= $1.54




1

, Page 2 of 62


QUESTION: A two bedroom unit measuring 1175 sqft rents for $1.47 per square foot per

month. What is its monthly rent?




a. $1575


b. $1727


c. $1830


d. $1600 - ANSWER-B. $1727




1175 * 1.47 = $1727.25




QUESTION: What is the community's average rent per square foot if the community offers the

following mix?




24 units at 995 sf and $1285 per month


36 units at 1272 sf and $1650 per month


18 units at 1875 sf and $2450 per month




2

, Page 3 of 62




a. $1.30


b. $1.44


c. $1.62


d. $1.78 - ANSWER-A. $1.30




1285/995=$1.29


1650/1272=$1.30


2450/1875=$1.31




Add together, then divide to find the average.




QUESTION: What is the average rent per sqft for these 4 properties in your monthly market

survey?




Property A $1.46/sf



3

, Page 4 of 62


Property B $1.37/sf


Property C $2.02/sf


Property D $1.87/sf




a. $1.61


b. $1.76


c. $1.68


d. $1.72 - ANSWER-C. $1.68




1.46+1.37+2.02+1.87=6.72


672/4 (number of properties)= 1.68




Your community has 48 1/1 apartments leasing for a market rent of $1375. Your manager has

approved an incentive of one month free on a 12 month lease. What is the effective monthly

rent of the 1/1 in whole dollars?




4