CERTIFIED APARTMENT MANAGER
ACTUAL TEST 2026 QUESTIONS WITH
ACCURATE ANSWERS COMPLETE REVIEW
A+
●● When renters decide where to rent, what three primary factors of
location do they consider?
Answer: Proximity to work, schools, stores, etc.
walkability
proximity to public transportation
●● When renters decide to rent, what 2 primary factors of life
circumstances do they consider?
Answer: Flexibility & ability to move easily
Reluctance to maintain a house
●● As a CAM, what do your knowledge, skills, and decisions directly
contribute to?
Answer: The financial success and value of a property.
●● What term describes an investment to increasing in value?
Answer: Growth
,●● What other factors impact investments?
Answer: Risk
income
liquidity
●● The possibility of losing some of an initial investment.
Answer: Risk
●● The expected financial return from an investment.
Answer: Income
●● The ease with which an asset can be converted to cash.
Answer: Liquidity
●● When playing the role of an investor advocate, who is included?
Answer: Owners
investors
lenders
●● When playing the role of an resident advocate, who is included?
Answer: Residents
,Prospects
Neighbors
Employees
●● What is the key to advocating for all groups?
Answer: Maintain ethics and balance
●● What types of affordable housing are available?
Answer: Section 8
Low Income Housing Tax Credit
Workforce Housing
●● What types of senior housing are available to people over 55?
Answer: Independent Living
Assisted Living
Full Service or continuing Senior care
●● In what type of housing do residents own a "share" of the property
and occupy a unit as if they were owners?
Answer: Co-op
●● What are the differences among mid, low, and high rise apartment
buildings?
, Answer: A low rise has 4 stories or fewer
A mid rise has 5-10 stories
A high rise has more than 10 stories
●● What is a corporate apartment?
Answer: A fully furnished apartment equipped with all necessary
amenities.
●● 4 stories or fewer
Answer: A low rise
●● Has 5-10 stories
Answer: A mid rise
●● More than 10 stories
Answer: A high rise
●● What information do you need in order to complete an financial
analysis on a property?
Answer: The income statement
●● When doing a financial analysis, why do you need to identify the
GPR first?
ACTUAL TEST 2026 QUESTIONS WITH
ACCURATE ANSWERS COMPLETE REVIEW
A+
●● When renters decide where to rent, what three primary factors of
location do they consider?
Answer: Proximity to work, schools, stores, etc.
walkability
proximity to public transportation
●● When renters decide to rent, what 2 primary factors of life
circumstances do they consider?
Answer: Flexibility & ability to move easily
Reluctance to maintain a house
●● As a CAM, what do your knowledge, skills, and decisions directly
contribute to?
Answer: The financial success and value of a property.
●● What term describes an investment to increasing in value?
Answer: Growth
,●● What other factors impact investments?
Answer: Risk
income
liquidity
●● The possibility of losing some of an initial investment.
Answer: Risk
●● The expected financial return from an investment.
Answer: Income
●● The ease with which an asset can be converted to cash.
Answer: Liquidity
●● When playing the role of an investor advocate, who is included?
Answer: Owners
investors
lenders
●● When playing the role of an resident advocate, who is included?
Answer: Residents
,Prospects
Neighbors
Employees
●● What is the key to advocating for all groups?
Answer: Maintain ethics and balance
●● What types of affordable housing are available?
Answer: Section 8
Low Income Housing Tax Credit
Workforce Housing
●● What types of senior housing are available to people over 55?
Answer: Independent Living
Assisted Living
Full Service or continuing Senior care
●● In what type of housing do residents own a "share" of the property
and occupy a unit as if they were owners?
Answer: Co-op
●● What are the differences among mid, low, and high rise apartment
buildings?
, Answer: A low rise has 4 stories or fewer
A mid rise has 5-10 stories
A high rise has more than 10 stories
●● What is a corporate apartment?
Answer: A fully furnished apartment equipped with all necessary
amenities.
●● 4 stories or fewer
Answer: A low rise
●● Has 5-10 stories
Answer: A mid rise
●● More than 10 stories
Answer: A high rise
●● What information do you need in order to complete an financial
analysis on a property?
Answer: The income statement
●● When doing a financial analysis, why do you need to identify the
GPR first?
