Accredited Residential Manager (ARM) Certification /
Institute of Real Estate Management (IREM)
Comprehensive Resource To Help You Ace 2026-2027 Exams
Includes Frequently Tested Questions With ELABORATED
100% Correct COMPLETE SOLUTIONS
Guaranteed Pass First Attempt!! Current Update!!
Instant Download Pdf
1. What is the most common risk management strategy? - Correct Answer:
Finance the risk
2. When minimizing financial risk, what are three areas to consider? -
Correct Answer: Income/Fees/Cash
Physical Property
Records and Screening
3. What are the three highest liability areas? - Correct Answer: Property
Hazards
Environmental Hazards
Crime Deterrence
4. What are your responsibilities to provide habitability? - Correct Answer:
Repair and Maintenance to reduce safety hazards
Maintaining required housing habitability
,5. What must all public pools and spas have? - Correct Answer: Anti-
entrapment devices
6. When/how can you communicate to residents about their safety? -
Correct Answer: During the lease signing meeting
With notice letters when serious incidents occur
During resident meetings
In the community newsletter
7. List two federal environmental governing agencies - Correct Answer:
Environmental Protection Agency (EPA)
Occupational Safety & Health Administration (OSHA)
8. EPA - Correct Answer: Environmental Protection Agency
9. OSHA - Correct Answer: Occupational Safety and Health Administration
10.What are the six areas of focus for OSHA that employers are required to
comply with? - Correct Answer: Hazard Communication Standard
Lockout/Tagout Standard
Bloodborne Pathogens
Personal Protective Equipment (PPE)
Electrical Safety-Related Work-Practice
OSHA Record Keeping
,11.The maintenance technician was using hazardous chemicals during his shift.
what should he do at the end of his shift? - Correct Answer: Empty and
clean the container.
12.What is a Safety Data Sheet (SDS)? - Correct Answer: A document that
describes the healthy and physical hazards associated with a particular
chemical or material.
13.What are the written requirements for the PPE Standard? - Correct
Answer: The standard does not require a written program, but does require
a written assessment and documentation of exposure
14.Why is it important for managers to be informed of the OSHA regulations
and perform regular inspections to ensure compliance? - Correct
Answer: To comply with regulations when an OSHA inspection is performed
and help you avoid any fines or possible injury claims
15.What is the goal of emergency planning? - Correct Answer: To minimize
impact to residents, staff, and business operations.
16.What are the three major impacted entities in an emergency? - Correct
Answer: People
Property
Business
17.What is the purpose of an emergency drill? - Correct Answer: To ensure
that all aspects of the evacuation can be fully executed.
, 18.What are the components of an emergency plan? - Correct Answer:
Prevention
Detection
Communication
Evacuation
Containment/Mitigation
Recovery
Public Relations
19.In relation to emergency planning, what are the three components of a
business? - Correct Answer: Equipment
Supplies
Infrastructure
20.What is loss control? - Correct Answer: Doing everything you can to
mitigate the impact of the loss once it occurs.
21.What is loss prevention? - Correct Answer: Loss prevention is being
proactive in preventing loss.
22.Third party insurance involves what three parties? - Correct Answer:
The policyholder.
The insurance company.
Third party to the insurance contract, the claimant against the policyholder.
Institute of Real Estate Management (IREM)
Comprehensive Resource To Help You Ace 2026-2027 Exams
Includes Frequently Tested Questions With ELABORATED
100% Correct COMPLETE SOLUTIONS
Guaranteed Pass First Attempt!! Current Update!!
Instant Download Pdf
1. What is the most common risk management strategy? - Correct Answer:
Finance the risk
2. When minimizing financial risk, what are three areas to consider? -
Correct Answer: Income/Fees/Cash
Physical Property
Records and Screening
3. What are the three highest liability areas? - Correct Answer: Property
Hazards
Environmental Hazards
Crime Deterrence
4. What are your responsibilities to provide habitability? - Correct Answer:
Repair and Maintenance to reduce safety hazards
Maintaining required housing habitability
,5. What must all public pools and spas have? - Correct Answer: Anti-
entrapment devices
6. When/how can you communicate to residents about their safety? -
Correct Answer: During the lease signing meeting
With notice letters when serious incidents occur
During resident meetings
In the community newsletter
7. List two federal environmental governing agencies - Correct Answer:
Environmental Protection Agency (EPA)
Occupational Safety & Health Administration (OSHA)
8. EPA - Correct Answer: Environmental Protection Agency
9. OSHA - Correct Answer: Occupational Safety and Health Administration
10.What are the six areas of focus for OSHA that employers are required to
comply with? - Correct Answer: Hazard Communication Standard
Lockout/Tagout Standard
Bloodborne Pathogens
Personal Protective Equipment (PPE)
Electrical Safety-Related Work-Practice
OSHA Record Keeping
,11.The maintenance technician was using hazardous chemicals during his shift.
what should he do at the end of his shift? - Correct Answer: Empty and
clean the container.
12.What is a Safety Data Sheet (SDS)? - Correct Answer: A document that
describes the healthy and physical hazards associated with a particular
chemical or material.
13.What are the written requirements for the PPE Standard? - Correct
Answer: The standard does not require a written program, but does require
a written assessment and documentation of exposure
14.Why is it important for managers to be informed of the OSHA regulations
and perform regular inspections to ensure compliance? - Correct
Answer: To comply with regulations when an OSHA inspection is performed
and help you avoid any fines or possible injury claims
15.What is the goal of emergency planning? - Correct Answer: To minimize
impact to residents, staff, and business operations.
16.What are the three major impacted entities in an emergency? - Correct
Answer: People
Property
Business
17.What is the purpose of an emergency drill? - Correct Answer: To ensure
that all aspects of the evacuation can be fully executed.
, 18.What are the components of an emergency plan? - Correct Answer:
Prevention
Detection
Communication
Evacuation
Containment/Mitigation
Recovery
Public Relations
19.In relation to emergency planning, what are the three components of a
business? - Correct Answer: Equipment
Supplies
Infrastructure
20.What is loss control? - Correct Answer: Doing everything you can to
mitigate the impact of the loss once it occurs.
21.What is loss prevention? - Correct Answer: Loss prevention is being
proactive in preventing loss.
22.Third party insurance involves what three parties? - Correct Answer:
The policyholder.
The insurance company.
Third party to the insurance contract, the claimant against the policyholder.
