Newest Exam Questions with Explained
Answers and Rationales | Grade A+
• What are a few responsibilities of a leasing professional? -✓✓- Conduct on-site tours
- Communicate with residents
- Shop/ visit competition
- Inspect apartments for tour and move-in readiness
- Inspect and process applications for leasing, prepare lease documents
• List factors of a "professional image" -✓✓- Dress professionally
-Use appropriate language
-Always act in an ethical manner
-Treat co-workers, residents, and prospective residents with respect
• Define Market Knowledge -✓✓-the demographic and product information about your
apartment community
-its primary competitors
-potential future competition
• Define product knowledge -✓✓- the understanding of all of the products and services
available in your own community, apartment homes, amenities, the surrounding
neighborhood and that of your area's competitors.
• Define Resident Profile -✓✓- specific information that describes the apartment
community's typical residents and their needs, wants, and qualifying characteristics.
• what are two components to your job as a leasing professional? (added value) -✓✓-
To assist people in finding appropriate housing that meets their particular lifestyle needs
-To add value to your property's owner
• what are two good questions to ask prospective residents? -✓✓-"What is most
important to you in this new home?"
-"What don't you have now that you want in this new home?
• What are important factors to teamwork in the workplace? -✓✓- Understanding the
Teams goals
- Understanding your role
- Keep the lines of communication clear and open
- Network outside your team
• What is the 7 step process to planning? -✓✓1. Set and share your goals
, 2. Build specific objectives and timelines
3. Identify barriers
4. Determine the contacts and skills you have to acquire
5. Prepare a plan with specific steps to meet your goals and objectives
6. Measure progress on a regular basis
7. Revise as necessary
• Explain the "Big Rocks Approach" -✓✓- Prioritizing
- Put the more critical and important tasks first
• List important components to time management -✓✓- use tools
- know your deadlines
- focus
- work on similar tasks in a batch or group
- minimize your time consumers
• What should you do when emailing prospective residents? -✓✓- Be clear
- Be concise
- Check spelling and grammar
- Use a friendly writing style
- Follow fair housing and other laws
• What can virtual leasing look like with prospective residents? -✓✓- Video tours, live or
recorded
- Website demonstration
- Self tours
- Phone calls
• The term effective rent means? -✓✓Rental rates reduced by any concession
• formula for economic occupancy -✓✓(GPR - concessions - bad debt - vacancy = x /
Original GPR)
• The implementation and use of a resident portal can increase the effectiveness of the
staffs -✓✓Communication with the apartment community
• Which focus in a sales presentation is most likely to increase a leasing professionals
effectiveness? -✓✓Emotional appeal
• Residential properties are permitted to use which screening criteria to legally
discriminate? -✓✓Rental history
• What are the physical change made to an apartment home or common area to protect
the hair housing rights of the persons with disabilities act? -✓✓Modifications