CCRM Exam 2018 California Apartment Association Exam with Questions and
Answers (2026 – Updated)
a chart of accounts is used for what? - ✔✔✔-A coding system for payments
A negative NOI occurs when? - ✔✔✔-operating expenses exceed operating income
After moving in, who is the resident most likely to come into contact with the most? - ✔✔✔-
The maintenance technician
ALL buildings built prior to what year are considered to have lead based paint? - ✔✔✔-1978
Are late fees a form of revenue? - ✔✔✔-YES
Are RUB's illigal in California - ✔✔✔-NO
Because of privacy laws, the best time to perform a complete inspection of the unit is when? -
✔✔✔-During Turnover
Buildings built before what year must give notice regarding asbestos? - ✔✔✔-1981
CAP rate is always expressed as what numerical value? - ✔✔✔-Percent
CAP rate is what? - ✔✔✔-The Capitalization rate which is the ratio of yearly net income to the
property value
Carbon monozide detectors should have been installed in certain multi-family homes by what
year? - ✔✔✔-2013
Do concessions have to apply to first month's rent? - ✔✔✔-NO
Answers (2026 – Updated)
a chart of accounts is used for what? - ✔✔✔-A coding system for payments
A negative NOI occurs when? - ✔✔✔-operating expenses exceed operating income
After moving in, who is the resident most likely to come into contact with the most? - ✔✔✔-
The maintenance technician
ALL buildings built prior to what year are considered to have lead based paint? - ✔✔✔-1978
Are late fees a form of revenue? - ✔✔✔-YES
Are RUB's illigal in California - ✔✔✔-NO
Because of privacy laws, the best time to perform a complete inspection of the unit is when? -
✔✔✔-During Turnover
Buildings built before what year must give notice regarding asbestos? - ✔✔✔-1981
CAP rate is always expressed as what numerical value? - ✔✔✔-Percent
CAP rate is what? - ✔✔✔-The Capitalization rate which is the ratio of yearly net income to the
property value
Carbon monozide detectors should have been installed in certain multi-family homes by what
year? - ✔✔✔-2013
Do concessions have to apply to first month's rent? - ✔✔✔-NO
