CCIM 101 Financial Analysis Exam Questions and answers with verified
Answers (Latest Update 2026) UPDATE!! UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS
What are the four basic components of NOI? 1 - Potential rental income (PRI)
2 - Vacancy and credit losses
3 - Other income
4 - Operating expenses
[XXXX] is used to determine a property's PRI (Potential Lease analysis
Rental Income.)
PRI equals NOI in what property/tenant scenario? If the property has one tenant with a long-term absolute NNN lease.
[XXXX] is PRI minus vacancy and collection losses. ERI (Effective Rental Income)
Name some items which are EXCLUDED from Operating Interest and principal on debt on the property
Expenses. Depreciation (cost recovery)
Capital Expenditures
Income Taxes
Reserves for Replacement
Tenant Improvements
True or False: Depreciation is included in Operating False
Expenses.
True of False: Principal and interest on debt financing is False. This is an expense of ownership, not an operating expense.
included in Operating Expenses
True or False: Capital Expenditures are included in False. They are written off over a period of years.
Operating Expenses.
True of False: Income Taxes are included in Operating False
Expenses
True of False: Reserves for Replacement are included in False
Operating Expenses
True of False: Tenant Improvements (TI) are included in False
Operating Expenses
True of False: Repairs and Maintenance are included in True
Operating Expenses
Answers (Latest Update 2026) UPDATE!! UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS
What are the four basic components of NOI? 1 - Potential rental income (PRI)
2 - Vacancy and credit losses
3 - Other income
4 - Operating expenses
[XXXX] is used to determine a property's PRI (Potential Lease analysis
Rental Income.)
PRI equals NOI in what property/tenant scenario? If the property has one tenant with a long-term absolute NNN lease.
[XXXX] is PRI minus vacancy and collection losses. ERI (Effective Rental Income)
Name some items which are EXCLUDED from Operating Interest and principal on debt on the property
Expenses. Depreciation (cost recovery)
Capital Expenditures
Income Taxes
Reserves for Replacement
Tenant Improvements
True or False: Depreciation is included in Operating False
Expenses.
True of False: Principal and interest on debt financing is False. This is an expense of ownership, not an operating expense.
included in Operating Expenses
True or False: Capital Expenditures are included in False. They are written off over a period of years.
Operating Expenses.
True of False: Income Taxes are included in Operating False
Expenses
True of False: Reserves for Replacement are included in False
Operating Expenses
True of False: Tenant Improvements (TI) are included in False
Operating Expenses
True of False: Repairs and Maintenance are included in True
Operating Expenses
