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CAM CERTIFIED APARTMENT MANAGER EXAM
NEWEST ACTUAL EXAM WITH COMPLETE
QUESTIONS AND CORRECT VERIFIED ANSWERS
(DETAILED ANSWERS) ALREADY GRADED A+
100% GUARANTEED TO PASS CONCEPTS!!!
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
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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
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investors
lenders
When playing the role of an resident advocate, who is
included? - .....ANSWER ...✔✔ Residents
Prospects
Neighbors
Employees
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
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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
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
CAM CERTIFIED APARTMENT MANAGER EXAM
NEWEST ACTUAL EXAM WITH COMPLETE
QUESTIONS AND CORRECT VERIFIED ANSWERS
(DETAILED ANSWERS) ALREADY GRADED A+
100% GUARANTEED TO PASS CONCEPTS!!!
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
,2|Page
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
,3|Page
investors
lenders
When playing the role of an resident advocate, who is
included? - .....ANSWER ...✔✔ Residents
Prospects
Neighbors
Employees
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
, 4|Page
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
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
