ACCREDITED RESIDENTIAL MANAGER -
ARM CERTIFICATION CERTIFICATION
SCRIPT 2026 QUESTIONS WITH SOLUTIONS
GRADED A+
◍ market price.
Answer: actual price paid for a property in a transaction
◍ bundle of rights.
Answer: set of legal rights associated with property ownership, including the
right to use, sell, lease, exclude others, and transfer the property.
◍ holdover.
Answer: a resident who remains after the lease has expired and does not
renew for an additional terms is considered a hold over
◍ lessee.
Answer: the tenant
◍ credit tenants.
Answer: companies whose general debt obligations are rated "investment
grade" by one or more of the U.S. rating agencies
◍ California lien laws.
Answer: california lien laws state that contractors my file within 20 days of
job completion a preliminary lien notice naming the owner/agent of the
property and usually the lender that puts them on notice , that a lin will be
filed against the rental property.
◍ DFEH.
Answer: DEPARTMENT OF FAIR EMPLOYMENT AND HOUSING
,◍ A 24 hour notice is required to enter a resident unit in case of:.
Answer: smoke detector maintenance
◍ CPM (certified property manager).
Answer: designation to members who obtain significant property
management experience and successfully complete a set of required courses
in property management
◍ contract rent.
Answer: The actual rent specified in a lease agreement between the landlord
and tenant.
◍ master lock system.
Answer: for convenience , use a master lock system for vacant units this is
sometimes referred as a black lock system.
◍ market rent.
Answer: rent a property would command in the open market under typical
conditions
◍ substitution.
Answer: the principle that a buyer will not pay more for a property than the
cost of acquiring a similar substitute property
◍ holding period.
Answer: length of time an investor owns a property before selling it
◍ AMO (accredited management organization).
Answer: designation awarded to management companies that meet
necessary requirements for certification
◍ income approach.
Answer: property valuation method that estimates value based on the
income the property generates.
◍ discipline.
Answer: discipline should be administrated in a non- emotional manner .
◍ fixed terms leases.
, Answer: fixed terms leases ,usually helps reduce costly turn over expenses
although they limit the owner/agent ability to change the terms of tenancy
◍ what property type are state legislators most likely to advocate for?.
Answer: residential housing (apartments and rental housing)
◍ leased fee interest.
Answer: ownership interest held by a landlord who has leased the property
to a tenant
◍ ARM (accredited resident manager).
Answer: designation for individuals specializing in the management of
apartment buildings
◍ positive adjustment.
Answer: upward adjustment made to a comparable property's sale price
when the comparable has an inferior feature
◍ physical deterioration.
Answer: loss in property value due to wear and tear, aging, or deferred
maintenance
◍ employers checking bad credit.
Answer: employers my not refuse to hire an employee base on bad credit
◍ 3 prominent professional property manager designations.
Answer: CPM, RPA, ARM
◍ replacement cost.
Answer: cost to build a property with the same utility using modern
materials and standards
◍ shopping centers optimal tennat mix.
Answer: anchor tenants (well-known stores), complementary uses (stores
that support each other), diversification (mix of restauranrs, stores, services)
◍ goal of apartment properties.
Answer: stable occupancy and reduced risk
ARM CERTIFICATION CERTIFICATION
SCRIPT 2026 QUESTIONS WITH SOLUTIONS
GRADED A+
◍ market price.
Answer: actual price paid for a property in a transaction
◍ bundle of rights.
Answer: set of legal rights associated with property ownership, including the
right to use, sell, lease, exclude others, and transfer the property.
◍ holdover.
Answer: a resident who remains after the lease has expired and does not
renew for an additional terms is considered a hold over
◍ lessee.
Answer: the tenant
◍ credit tenants.
Answer: companies whose general debt obligations are rated "investment
grade" by one or more of the U.S. rating agencies
◍ California lien laws.
Answer: california lien laws state that contractors my file within 20 days of
job completion a preliminary lien notice naming the owner/agent of the
property and usually the lender that puts them on notice , that a lin will be
filed against the rental property.
◍ DFEH.
Answer: DEPARTMENT OF FAIR EMPLOYMENT AND HOUSING
,◍ A 24 hour notice is required to enter a resident unit in case of:.
Answer: smoke detector maintenance
◍ CPM (certified property manager).
Answer: designation to members who obtain significant property
management experience and successfully complete a set of required courses
in property management
◍ contract rent.
Answer: The actual rent specified in a lease agreement between the landlord
and tenant.
◍ master lock system.
Answer: for convenience , use a master lock system for vacant units this is
sometimes referred as a black lock system.
◍ market rent.
Answer: rent a property would command in the open market under typical
conditions
◍ substitution.
Answer: the principle that a buyer will not pay more for a property than the
cost of acquiring a similar substitute property
◍ holding period.
Answer: length of time an investor owns a property before selling it
◍ AMO (accredited management organization).
Answer: designation awarded to management companies that meet
necessary requirements for certification
◍ income approach.
Answer: property valuation method that estimates value based on the
income the property generates.
◍ discipline.
Answer: discipline should be administrated in a non- emotional manner .
◍ fixed terms leases.
, Answer: fixed terms leases ,usually helps reduce costly turn over expenses
although they limit the owner/agent ability to change the terms of tenancy
◍ what property type are state legislators most likely to advocate for?.
Answer: residential housing (apartments and rental housing)
◍ leased fee interest.
Answer: ownership interest held by a landlord who has leased the property
to a tenant
◍ ARM (accredited resident manager).
Answer: designation for individuals specializing in the management of
apartment buildings
◍ positive adjustment.
Answer: upward adjustment made to a comparable property's sale price
when the comparable has an inferior feature
◍ physical deterioration.
Answer: loss in property value due to wear and tear, aging, or deferred
maintenance
◍ employers checking bad credit.
Answer: employers my not refuse to hire an employee base on bad credit
◍ 3 prominent professional property manager designations.
Answer: CPM, RPA, ARM
◍ replacement cost.
Answer: cost to build a property with the same utility using modern
materials and standards
◍ shopping centers optimal tennat mix.
Answer: anchor tenants (well-known stores), complementary uses (stores
that support each other), diversification (mix of restauranrs, stores, services)
◍ goal of apartment properties.
Answer: stable occupancy and reduced risk
