CAM -Certified Apartment Manager Exams (Latest
2024/ 2025 Updates STUDY BUNDLE PACKAGE WITH
SOLUTIONS) |Qs & As| 100% Correct| Grade A (Verified
Answers)
Abandon - ANSWERis to intentionally and permanently give up, surrender, leave and
desert or relinquish all interest or ownership in property, a home or other
premises, or a right of way. The word is often used in situations to determine
whether a resident has left his/her apartment and the property inside and does
not intend to come back.
Absolute - ANSWERis a chemical substance that is not mixed: pure. A single dose of
or
exposure to a substance
Acceptance - ANSWERis voluntarily receiving something that is offered. This is a
required
component of a legal contract
Accessible - ANSWERis the public and common use areas of an apartment
community,
which can be used by "individuals with physical disabilities." A requirement for
apartments constructed for first occupancy after March 13, 1991.
Accessible route - ANSWERs a continuous and unobstructed path through corridors,
floors, ramps, elevators, parking access aisles, curb ramps, walks, etc. which can
be used be a person with a severe disability using a wheelchair and that is also
safe for use by persons with other disabilities. A requirement for apartments
constructed after March 13, 1991.
Accommodation - ANSWERrefers to changes in rules, services, practices or policies
that
allow persons with disabilities equal enjoyment of housing but do not change
the nature of the program.
Accrual basis
accounting - ANSWERrefers to the accounting method that records income
and expenses in the fiscal period they are earned or incurred regardless of
when they are actually received or paid.
Action - ANSWERin the sense of a judicial proceeding includes recoupment,
counterclaim,
set-off, suit in equity and any other proceedings in which rights are determined.
,Administrative
complaint - ANSWERis a complaint that is usually referred to as a "fair
housing complaint". It is a written statement filed with HUD, DOJ or a state
enforcement agency alleging that a fair housing violation has occurred.
Administrative law
judge - ANSWERis a federal judge who hears evidence in an
administrative hearing and determines if discrimination occurred, and, if so,
decides what penalties, fines or damages must be awarded to the person
against whom the discrimination occurred.
Administrator - ANSWERexercises independent judgment and discretion and
manages and
oversees management policies and general business operations.
Advertising - ANSWERis the non-personal promotion of the product, service or
company
in mass media that is openly paid for and/or sponsored by you.
Advertising
strategies - ANSWERbegin with describing and identifying the target audience.
The next step is to set up specific objectives and decide on the advertising
budget
Adware - ANSWERis a form of spyware that collects information about the user in
order to
display advertisements in the Web browser based on the information it collects
from the user's browsing patterns.
Affirmative action - ANSWERis a plan or program created to increase opportunities
for
minorities, women, disabled/handicapped individuals, veterans and other
protected classes
Agent - ANSWERis a person who is authorized to act for another (the agent's
principal)
through employment, by contract or apparent authority. The importance is
that the agent can bind the principal by contract or create liability while in the
scope of the agency.
Aggrieved party - ANSWERis a party entitled to resort to a remedy
Aggrieved person - ANSWERis any person who claims to have been injured by a
discriminatory housing practice or believes he/she will be injured by a
discriminatory housing practice that is about to occur.
, Agreement - ANSWERis the bargain of the parties in fact as found in their language
or by
implication from other circumstances including course of dealing or usage of
trade or course performance.
Amenities - ANSWERare specific items offered at the community in addition to the
space.
i.e.: pool, tennis courts, recreation room etc.
Amortization - ANSWERis the process of retiring a debt or recovering capital
investment,
typically through scheduled, systematic repayment of the principal.
Analysis - ANSWERis researching and evaluating a situation prior to making
recommendations
Arbitration - ANSWERis a non-judicial process in which disputing parties agree to
bind
themselves to whatever decision the arbitrator determines as a fair solution.
Asbestos - ANSWERis a mineral fiber than can pollute air or water and cause cancer
or
asbestosis when inhaled. The U.S. Environmental Protection Agency (EPA) has
banned or severely restricted its use in manufacturing and construction.
Assignment - ANSWERis a written transfer of the rights of use and occupancy of a
property held by another legal entity, or to be used for the benefit of creditors,
e.g., assignments of mortgages, sales contracts and/or leases.
Assisted housing - ANSWERis housing for which the government provides assistance
to
facilitate occupancy, construction or financing
Back support belt - ANSWERis a flexible support belt designed to minimize muscle
strain
for lifting and other upper body movement tasks.
Balance sheet - ANSWERis an itemized listing of the total assets, total liabilities and
net
worth of an entity
Balloon mortgage - ANSWERis a mortgage that is not fully amortized at maturity and
requires a lump sum payment of the outstanding balance.
Banners - ANSWERare large colorful vinyl graphics and/or words strategically placed
throughout the community to promote and advertise particulars
2024/ 2025 Updates STUDY BUNDLE PACKAGE WITH
SOLUTIONS) |Qs & As| 100% Correct| Grade A (Verified
Answers)
Abandon - ANSWERis to intentionally and permanently give up, surrender, leave and
desert or relinquish all interest or ownership in property, a home or other
premises, or a right of way. The word is often used in situations to determine
whether a resident has left his/her apartment and the property inside and does
not intend to come back.
Absolute - ANSWERis a chemical substance that is not mixed: pure. A single dose of
or
exposure to a substance
Acceptance - ANSWERis voluntarily receiving something that is offered. This is a
required
component of a legal contract
Accessible - ANSWERis the public and common use areas of an apartment
community,
which can be used by "individuals with physical disabilities." A requirement for
apartments constructed for first occupancy after March 13, 1991.
Accessible route - ANSWERs a continuous and unobstructed path through corridors,
floors, ramps, elevators, parking access aisles, curb ramps, walks, etc. which can
be used be a person with a severe disability using a wheelchair and that is also
safe for use by persons with other disabilities. A requirement for apartments
constructed after March 13, 1991.
Accommodation - ANSWERrefers to changes in rules, services, practices or policies
that
allow persons with disabilities equal enjoyment of housing but do not change
the nature of the program.
Accrual basis
accounting - ANSWERrefers to the accounting method that records income
and expenses in the fiscal period they are earned or incurred regardless of
when they are actually received or paid.
Action - ANSWERin the sense of a judicial proceeding includes recoupment,
counterclaim,
set-off, suit in equity and any other proceedings in which rights are determined.
,Administrative
complaint - ANSWERis a complaint that is usually referred to as a "fair
housing complaint". It is a written statement filed with HUD, DOJ or a state
enforcement agency alleging that a fair housing violation has occurred.
Administrative law
judge - ANSWERis a federal judge who hears evidence in an
administrative hearing and determines if discrimination occurred, and, if so,
decides what penalties, fines or damages must be awarded to the person
against whom the discrimination occurred.
Administrator - ANSWERexercises independent judgment and discretion and
manages and
oversees management policies and general business operations.
Advertising - ANSWERis the non-personal promotion of the product, service or
company
in mass media that is openly paid for and/or sponsored by you.
Advertising
strategies - ANSWERbegin with describing and identifying the target audience.
The next step is to set up specific objectives and decide on the advertising
budget
Adware - ANSWERis a form of spyware that collects information about the user in
order to
display advertisements in the Web browser based on the information it collects
from the user's browsing patterns.
Affirmative action - ANSWERis a plan or program created to increase opportunities
for
minorities, women, disabled/handicapped individuals, veterans and other
protected classes
Agent - ANSWERis a person who is authorized to act for another (the agent's
principal)
through employment, by contract or apparent authority. The importance is
that the agent can bind the principal by contract or create liability while in the
scope of the agency.
Aggrieved party - ANSWERis a party entitled to resort to a remedy
Aggrieved person - ANSWERis any person who claims to have been injured by a
discriminatory housing practice or believes he/she will be injured by a
discriminatory housing practice that is about to occur.
, Agreement - ANSWERis the bargain of the parties in fact as found in their language
or by
implication from other circumstances including course of dealing or usage of
trade or course performance.
Amenities - ANSWERare specific items offered at the community in addition to the
space.
i.e.: pool, tennis courts, recreation room etc.
Amortization - ANSWERis the process of retiring a debt or recovering capital
investment,
typically through scheduled, systematic repayment of the principal.
Analysis - ANSWERis researching and evaluating a situation prior to making
recommendations
Arbitration - ANSWERis a non-judicial process in which disputing parties agree to
bind
themselves to whatever decision the arbitrator determines as a fair solution.
Asbestos - ANSWERis a mineral fiber than can pollute air or water and cause cancer
or
asbestosis when inhaled. The U.S. Environmental Protection Agency (EPA) has
banned or severely restricted its use in manufacturing and construction.
Assignment - ANSWERis a written transfer of the rights of use and occupancy of a
property held by another legal entity, or to be used for the benefit of creditors,
e.g., assignments of mortgages, sales contracts and/or leases.
Assisted housing - ANSWERis housing for which the government provides assistance
to
facilitate occupancy, construction or financing
Back support belt - ANSWERis a flexible support belt designed to minimize muscle
strain
for lifting and other upper body movement tasks.
Balance sheet - ANSWERis an itemized listing of the total assets, total liabilities and
net
worth of an entity
Balloon mortgage - ANSWERis a mortgage that is not fully amortized at maturity and
requires a lump sum payment of the outstanding balance.
Banners - ANSWERare large colorful vinyl graphics and/or words strategically placed
throughout the community to promote and advertise particulars
