Certified Apartment Manager (CAM) 383
Q&A/ A+ Score Solution.
What percentage of Americans lives in rental housing? - Answer: Over 1/3
When renters decide where to rent, what three primary factors of location do
they consider? - Answer: Proximity to work, schools, stores, etc.
walkability
proximity to public transportation
When renters decide to rent, what 2 primary factors of life circumstances do they
consider? - Answer: Flexibility & ability to move easily
Reluctance to maintain a house
Page 1 of 58
,As a CAM, what do your knowledge, skills, and decisions directly contribute to? -
Answer: The financial success and value of a property.
What term describes an investment to increasing in value? - Answer: Growth
What other factors impact investments? - Answer: Risk
income
liquidity
The possibility of losing some of an initial investment. - Answer: Risk
The expected financial return from an investment. - Answer: Income
The ease with which an asset can be converted to cash. - Answer: Liquidity
When playing the role of an investor advocate, who is included? - Answer: Owners
investors
lenders
When playing the role of an resident advocate, who is included? - Answer:
Residents
Prospects
Neighbors
Employees
Page 2 of 58
,What is the key to advocating for all groups? - Answer: Maintain ethics and
balance
What types of affordable housing are available? - Answer: Section 8
Low Income Housing Tax Credit
Workforce Housing
What types of senior housing are available to people over 55? - Answer:
Independent Living
Assisted Living
Full Service or continuing Senior care
In what type of housing do residents own a "share" of the property and occupy a
unit as if they were owners? - Answer: Co-op
What are the differences among mid, low, and high rise apartment buildings? -
Answer: A low rise has 4 stories or fewer
A mid rise has 5-10 stories
A high rise has more than 10 stories
What is a corporate apartment? - Answer: A fully furnished apartment equipped
with all necessary amenities.
4 stories or fewer - Answer: A low rise
Page 3 of 58
, Has 5-10 stories - Answer: A mid rise
More than 10 stories - Answer: A high rise
What information do you need in order to complete an financial analysis on a
property? - Answer: The income statement
When doing a financial analysis, why do you need to identify the GPR first? -
Answer: all other income & expenses are measured and evaluated as a
percentage of GPR
What are the three primary types of income you will look for/calculate? - Answer:
Effective Gross Income (EGI)
Net Operating Income (NOI)
Cash Flow (CF)
What is a chart of accounts? - Answer: a list of accounts to which revenue and
expenses are posted and show up on the general ledger
What is used to generate an income statement? - Answer: Entries in the general
ledger
List some benefits of minimizing financial loss. - Answer: Increases the financial
success of a property
Improves property performance
Page 4 of 58
Q&A/ A+ Score Solution.
What percentage of Americans lives in rental housing? - Answer: Over 1/3
When renters decide where to rent, what three primary factors of location do
they consider? - Answer: Proximity to work, schools, stores, etc.
walkability
proximity to public transportation
When renters decide to rent, what 2 primary factors of life circumstances do they
consider? - Answer: Flexibility & ability to move easily
Reluctance to maintain a house
Page 1 of 58
,As a CAM, what do your knowledge, skills, and decisions directly contribute to? -
Answer: The financial success and value of a property.
What term describes an investment to increasing in value? - Answer: Growth
What other factors impact investments? - Answer: Risk
income
liquidity
The possibility of losing some of an initial investment. - Answer: Risk
The expected financial return from an investment. - Answer: Income
The ease with which an asset can be converted to cash. - Answer: Liquidity
When playing the role of an investor advocate, who is included? - Answer: Owners
investors
lenders
When playing the role of an resident advocate, who is included? - Answer:
Residents
Prospects
Neighbors
Employees
Page 2 of 58
,What is the key to advocating for all groups? - Answer: Maintain ethics and
balance
What types of affordable housing are available? - Answer: Section 8
Low Income Housing Tax Credit
Workforce Housing
What types of senior housing are available to people over 55? - Answer:
Independent Living
Assisted Living
Full Service or continuing Senior care
In what type of housing do residents own a "share" of the property and occupy a
unit as if they were owners? - Answer: Co-op
What are the differences among mid, low, and high rise apartment buildings? -
Answer: A low rise has 4 stories or fewer
A mid rise has 5-10 stories
A high rise has more than 10 stories
What is a corporate apartment? - Answer: A fully furnished apartment equipped
with all necessary amenities.
4 stories or fewer - Answer: A low rise
Page 3 of 58
, Has 5-10 stories - Answer: A mid rise
More than 10 stories - Answer: A high rise
What information do you need in order to complete an financial analysis on a
property? - Answer: The income statement
When doing a financial analysis, why do you need to identify the GPR first? -
Answer: all other income & expenses are measured and evaluated as a
percentage of GPR
What are the three primary types of income you will look for/calculate? - Answer:
Effective Gross Income (EGI)
Net Operating Income (NOI)
Cash Flow (CF)
What is a chart of accounts? - Answer: a list of accounts to which revenue and
expenses are posted and show up on the general ledger
What is used to generate an income statement? - Answer: Entries in the general
ledger
List some benefits of minimizing financial loss. - Answer: Increases the financial
success of a property
Improves property performance
Page 4 of 58
