CERTIFIED APARTMENT MANAGER
(CAM) EXAM |GUARANTEED
ACCURATE ANSWER |PASS
What percentage of Americans lives in rental housing? - ACCURATE
ANSWERS✔✔ Over 1/3
When renters decide where to rent, what three primary factors of
location do they consider? - ACCURATE ANSWERS✔✔ 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? - ACCURATE ANSWERS✔✔ Flexibility & ability to
move easily
Reluctance to maintain a house
As a CAM, what do your knowledge, skills, and decisions directly
contribute to? - ACCURATE ANSWERS✔✔ The financial success and
value of a property.
What term describes an investment to increasing in value? -
ACCURATE ANSWERS✔✔ Growth
,What other factors impact investments? - ACCURATE ANSWERS✔✔
Risk
income
liquidity
The possibility of losing some of an initial investment. - ACCURATE
ANSWERS✔✔ Risk
The expected financial return from an investment. - ACCURATE
ANSWERS✔✔ Income
The ease with which an asset can be converted to cash. - ACCURATE
ANSWERS✔✔ Liquidity
When playing the role of an investor advocate, who is included? -
ACCURATE ANSWERS✔✔ Owners
investors
lenders
When playing the role of an resident advocate, who is included? -
ACCURATE ANSWERS✔✔ Residents
Prospects
Neighbors
,Employees
What is the key to advocating for all groups? - ACCURATE
ANSWERS✔✔ Maintain ethics and balance
What types of affordable housing are available? - ACCURATE
ANSWERS✔✔ Section 8
Low Income Housing Tax Credit
Workforce Housing
What types of senior housing are available to people over 55? -
ACCURATE ANSWERS✔✔ 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? - ACCURATE ANSWERS✔✔
Co-op
What are the differences among mid, low, and high rise apartment
buildings? - ACCURATE ANSWERS✔✔ 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? - ACCURATE ANSWERS✔✔ A fully
furnished apartment equipped with all necessary amenities.
4 stories or fewer - ACCURATE ANSWERS✔✔ A low rise
Has 5-10 stories - ACCURATE ANSWERS✔✔ A mid rise
More than 10 stories - ACCURATE ANSWERS✔✔ A high rise
What information do you need in order to complete an financial analysis
on a property? - ACCURATE ANSWERS✔✔ The income statement
When doing a financial analysis, why do you need to identify the GPR
first? - ACCURATE ANSWERS✔✔ 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?
- ACCURATE ANSWERS✔✔ Effective Gross Income (EGI)
Net Operating Income (NOI)
Cash Flow (CF)
(CAM) EXAM |GUARANTEED
ACCURATE ANSWER |PASS
What percentage of Americans lives in rental housing? - ACCURATE
ANSWERS✔✔ Over 1/3
When renters decide where to rent, what three primary factors of
location do they consider? - ACCURATE ANSWERS✔✔ 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? - ACCURATE ANSWERS✔✔ Flexibility & ability to
move easily
Reluctance to maintain a house
As a CAM, what do your knowledge, skills, and decisions directly
contribute to? - ACCURATE ANSWERS✔✔ The financial success and
value of a property.
What term describes an investment to increasing in value? -
ACCURATE ANSWERS✔✔ Growth
,What other factors impact investments? - ACCURATE ANSWERS✔✔
Risk
income
liquidity
The possibility of losing some of an initial investment. - ACCURATE
ANSWERS✔✔ Risk
The expected financial return from an investment. - ACCURATE
ANSWERS✔✔ Income
The ease with which an asset can be converted to cash. - ACCURATE
ANSWERS✔✔ Liquidity
When playing the role of an investor advocate, who is included? -
ACCURATE ANSWERS✔✔ Owners
investors
lenders
When playing the role of an resident advocate, who is included? -
ACCURATE ANSWERS✔✔ Residents
Prospects
Neighbors
,Employees
What is the key to advocating for all groups? - ACCURATE
ANSWERS✔✔ Maintain ethics and balance
What types of affordable housing are available? - ACCURATE
ANSWERS✔✔ Section 8
Low Income Housing Tax Credit
Workforce Housing
What types of senior housing are available to people over 55? -
ACCURATE ANSWERS✔✔ 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? - ACCURATE ANSWERS✔✔
Co-op
What are the differences among mid, low, and high rise apartment
buildings? - ACCURATE ANSWERS✔✔ 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? - ACCURATE ANSWERS✔✔ A fully
furnished apartment equipped with all necessary amenities.
4 stories or fewer - ACCURATE ANSWERS✔✔ A low rise
Has 5-10 stories - ACCURATE ANSWERS✔✔ A mid rise
More than 10 stories - ACCURATE ANSWERS✔✔ A high rise
What information do you need in order to complete an financial analysis
on a property? - ACCURATE ANSWERS✔✔ The income statement
When doing a financial analysis, why do you need to identify the GPR
first? - ACCURATE ANSWERS✔✔ 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?
- ACCURATE ANSWERS✔✔ Effective Gross Income (EGI)
Net Operating Income (NOI)
Cash Flow (CF)
