CCRM (California certified residential manager) Exam |
Actual Complete Real Exam Questions and Correct Answers
(Verified Answers) Already Graded A+
when the lease period is more than one month and the owner/agent negotiates
primarily in spanish
the owner/agent must deliver a translation of the contract or agreement in the
language in which the contract or agreement was negotiated.
there must be a legal reason to deny an application such as
incomplete or false information on the application, unverifiable information, poor
rental history or poor credit.
California law states security deposit
charge can be no more than three times the monthly rent if the unit is furnished .
or more than twice the monthly rent if the unit is unfurnished .
California law requirements
every rental housing community with 16 units or more to have an employee or
owner residing on site .
,in order to maximize rental revenues
it is necessary to set competitive rents
gross potential rent (GPR)
is a total of all current market rents for each unit and can also be used as a rent
roll . take the total number of units, multiply by the market rent rate of each unit
and multiply by 12 for annual gross revenue projection.
gross annual rent (GAR)
is a total of all current actual rental rates for occupied units and a current market
rent for vacant units (multiply by 12 for a yearly calculation) this formula is use to
calculate revenue for budgeting purposes.
rent per square foot.
is the current rent divided by the unit square footage. (example : $1050 divided by
800 sq. ft= $1.31 per sq ft.) this formula is use to compare actual pricing with
competitors.
when applying concessions
,is not necessary to give the discount of the first month's rent discounts can be
given off the last month or as a discounted rental rate for each month of the
tenancy.
ancillary income
refers to sources of revenue other than rents.
A reasonable accommodation is required when ?
a request for a reasonable accommodation can be made a any time , from the
initial contact with a prospect to the final stages of the eviction process.
occupancy standards
are highly debated issues within the industry, since there are mot set laws or
regulations stating how many occupants an owner must allow in a rental unit.
if 18 years or older
A separate application should be required of each adult applicant.
a standard goal should be?
, to convert 75% of all calls to walk - in traffic.
all emails
should be responded to immediately ( within the 2 hour time frame ) prospects
communicating email experts a quick reply.
what is the important objective of a prospect visit?
to demonstrate the product, benefits, and service of the property.
steering
is an attempt to control the outcome of where a person will live based on their
protected class or your personal opinion.
there are two types of objections. conditions and stalls
conditions: are something that prevents the prospect from purchasing until their
stipulation is met.
stalls: occur when the prospect is putting off making a decision.
criminal background checks
Actual Complete Real Exam Questions and Correct Answers
(Verified Answers) Already Graded A+
when the lease period is more than one month and the owner/agent negotiates
primarily in spanish
the owner/agent must deliver a translation of the contract or agreement in the
language in which the contract or agreement was negotiated.
there must be a legal reason to deny an application such as
incomplete or false information on the application, unverifiable information, poor
rental history or poor credit.
California law states security deposit
charge can be no more than three times the monthly rent if the unit is furnished .
or more than twice the monthly rent if the unit is unfurnished .
California law requirements
every rental housing community with 16 units or more to have an employee or
owner residing on site .
,in order to maximize rental revenues
it is necessary to set competitive rents
gross potential rent (GPR)
is a total of all current market rents for each unit and can also be used as a rent
roll . take the total number of units, multiply by the market rent rate of each unit
and multiply by 12 for annual gross revenue projection.
gross annual rent (GAR)
is a total of all current actual rental rates for occupied units and a current market
rent for vacant units (multiply by 12 for a yearly calculation) this formula is use to
calculate revenue for budgeting purposes.
rent per square foot.
is the current rent divided by the unit square footage. (example : $1050 divided by
800 sq. ft= $1.31 per sq ft.) this formula is use to compare actual pricing with
competitors.
when applying concessions
,is not necessary to give the discount of the first month's rent discounts can be
given off the last month or as a discounted rental rate for each month of the
tenancy.
ancillary income
refers to sources of revenue other than rents.
A reasonable accommodation is required when ?
a request for a reasonable accommodation can be made a any time , from the
initial contact with a prospect to the final stages of the eviction process.
occupancy standards
are highly debated issues within the industry, since there are mot set laws or
regulations stating how many occupants an owner must allow in a rental unit.
if 18 years or older
A separate application should be required of each adult applicant.
a standard goal should be?
, to convert 75% of all calls to walk - in traffic.
all emails
should be responded to immediately ( within the 2 hour time frame ) prospects
communicating email experts a quick reply.
what is the important objective of a prospect visit?
to demonstrate the product, benefits, and service of the property.
steering
is an attempt to control the outcome of where a person will live based on their
protected class or your personal opinion.
there are two types of objections. conditions and stalls
conditions: are something that prevents the prospect from purchasing until their
stipulation is met.
stalls: occur when the prospect is putting off making a decision.
criminal background checks
