ANSWERS|LATEST UPDATE|ALREADY GRADED A+
Define Market Segmentation ✔Correct Answer--maximize resources
-tailor to market
-more defined market frofile
The 1964 Fair Housing protects what? ✔Correct Answer--Race
-Color
-Religion
-National Origin
-Sex
-Familial Status
-Handicap
What is the minimum number of required bids? ✔Correct Answer-3
What are the five P's? ✔Correct Answer--Place
-Price
-Product
-People
-Promotion
What should be the main focus of an effective incentive program? ✔Correct Answer-Job
performance
True or False: Someone with HIV is a protected class. ✔Correct Answer-True
ADA provision to title III is what? ✔Correct Answer-ADA- leasing office area must meet
requirements
What is HOPA? ✔Correct Answer-HOPA eliminates the requirement that 55 and older have
significant facilities and servicing designed for elderly.
What year was HOPA established? ✔Correct Answer-1995
What did the 1988 Act add? ✔Correct Answer--Familial Status
-Individual with disabilities
Qualifying for modification requires? ✔Correct Answer--Oral or written request
-verification
(if obvious- none are required) If not obvious verification required
Who can verify accomodations for modifications? ✔Correct Answer--Doctor, or medical professor
-Third Party case worker
-Therapist
True or False: Someone addicted to drugs is a protected class ✔Correct Answer-False
, Valid proof of income? ✔Correct Answer--most recent pay stub
-previous years W2
-Three months worth of bank statements
What are reserve accrual for? ✔Correct Answer-Future large cap X improvements
Name 3 examples of vendors that require a license? ✔Correct Answer--Elevator
-Swimming Pool
-A/C
What is an example of a fixed expense? ✔Correct Answer-Taxes
Define steering? ✔Correct Answer-Trying to encourage prospects to lease at a specific location
based on race, marital status or age.
Ways to meet OSHA guidelines? ✔Correct 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 ✔Correct Answer-True
What is GPR? ✔Correct Answer-current rent at 100% occupied
What is the purpose of preventative maintenance? ✔Correct Answer-Lessen the likelihood of
future maintenance problems
What does exposure incident involve? ✔Correct Answer-Blood or Bodily Fluids
What two forms of payments can be accepted for rent? ✔Correct Answer-Check or Money Order
What are reasons to fire a vendor? ✔Correct Answer--Conflict of interest
-Non payment of taxes
What is the number one valid reason for eviction? ✔Correct Answer-unauthorized occupant
What are some things to consider in marketing? ✔Correct Answer--Audience
-Budget
-Frequency occurance
Employment applications may not include what? ✔Correct Answer-Date of Birth
True or False: You required to have personal protective equipment instructions posted? ✔Correct
Answer-False
How can you deal with a holdover? ✔Correct Answer-Renew under previous lease terms
What is the purpose of team counseling? ✔Correct Answer-To discuss a problem and achieve a
plan of action
Who can provide mortgage loans? ✔Correct Answer--Federal government
-mutual funds