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Certified Apartment Manager Exam Questions

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Certified Apartment Manager Exam Questions

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25 Questions

1. List the advantages of apartment investments

Race color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individuals1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed moneyThe sum of the effective gross income and other income stated in other manner it is simply total revenueNOI

2. Gross operating income GOI

1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed moneyRace color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individualsNOIThe sum of the effective gross income and other income stated in other manner it is simply total revenue

3. California fair employment and housing act

The sum of the effective gross income and other income stated in other manner it is simply total revenueNOI1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed moneyRace color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individuals

4. GOI - OE =

NOIRace color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individualsThe sum of the effective gross income and other income stated in other manner it is simply total revenue1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed money

5. Real estate investment trusts REIT

1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed moneyRace color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individualsEstablished by federal law in 1960 the purpose of a REIT is to follow small investors to pool their investments in real estate while also diversifying their risk obtaining professional management and maintaining liquidityThe sum of the effective gross income and other income stated in other manner it is simply total revenue

6. What are the eligibility requirements for employee to receive unemployment benefits

The sum of the effective gross income and other income stated in other manner it is simply total revenue1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed moneyRace color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individualsUnemployment worker must have earned a minimum amount of wages within a specific period of time or works a minimum on the past - unemployment worker must register for work in the state of unemployment - worker must be Available for work - Must be actively seeking employment

7. Partnership

Two or more people jointly own and manage property1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed moneyRace color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individualsThe sum of the effective gross income and other income stated in other manner it is simply total revenue

8. What factors affect rental rate

Race color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individualsThe sum of the effective gross income and other income stated in other manner it is simply total revenueSupply and demand economic conditions housing trends competitors offerings and property features1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed money

9. What is the operating expense ratio and how is it calculated

The ratio calculates the percentage of the GPR that is being used to pay operating expenses the ratio depends on the age of the property it's location type and what expenses are included - OE + DS = x / GOIRace color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individualsThe sum of the effective gross income and other income stated in other manner it is simply total revenue1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed money

10. Amortization

Race color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individuals1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed moneyThe process of retiring the debt or recovering capital investments typically through scheduled systematic repayment of the principalThe sum of the effective gross income and other income stated in other manner it is simply total revenue

11. Mortgage loans may be obtained from

Commercial banks financial companies savings and loan institutions insurance companies pension funds mutual funds and federal governmentRace color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individuals1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed moneyThe sum of the effective gross income and other income stated in other manner it is simply total revenue

12. Effective gross rent EGI

The sum of the effective gross income and other income stated in other manner it is simply total revenueRace color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individuals1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed moneyEffective Gross income is the amount of GPR less vacancy session and collection loss effective gross income may also be called net rental income or total rental income

13. What two things are you looking at when you perform a cost benefit analysis

The sum of the effective gross income and other income stated in other manner it is simply total revenueRace color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individualsPotential expenses and potential income or benefits1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed money

14. What is due to the employee and his or her final payment of wages

Earned but unpaid salary - unused vacation pay - severance pay - commissionsRace color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individuals1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed moneyThe sum of the effective gross income and other income stated in other manner it is simply total revenue

15. Define extrapolation

The sum of the effective gross income and other income stated in other manner it is simply total revenueTwo extrapolate to estimate a number by extending known information before you Forcast a number be sure the historical records don't contain any extremely higher or lower numbers due to extenuating circumstancesRace color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individuals1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed money

16. What is an asset

1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed moneyEconomic resources the benefit and investment assets in but include real or personal property and catch up onThe sum of the effective gross income and other income stated in other manner it is simply total revenueRace color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individuals

17. What are seven postings that are required by federal law

The sum of the effective gross income and other income stated in other manner it is simply total revenueRace color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individuals1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed moneyFair labor standards act - Title seven of the civil rights act and EDEA - Employee polygraph protection act - OSHA - Family medical leave act - Equal pay act - Uniformed services employment and reemployment rights act

18. What does income statement measure

Race color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individualsPerformance for a span in time a-month quarter or longer1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed moneyThe sum of the effective gross income and other income stated in other manner it is simply total revenue

19. What is debt service

Race color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individuals1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed moneyThe mortgage or loanThe sum of the effective gross income and other income stated in other manner it is simply total revenue

20. What is the turnover ratio and how is it determined

Race color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individualsTurnover ratio is the total number of move out in a given. Usually annualized divided by the total number of apartmentsThe sum of the effective gross income and other income stated in other manner it is simply total revenue1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed money

21. Bullet loan

The sum of the effective gross income and other income stated in other manner it is simply total revenue1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed moneyRace color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individualsStructured so that interest payments and the loan principal paid off in one lump sum out of specific time and where may require monthly payments of interest loans are frequently used in new construction and substantial rehabilitations

22. What is important to remember when trying to down prey in vacancy

Remember that the goal is not 100% occupancy incomeRace color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individualsThe sum of the effective gross income and other income stated in other manner it is simply total revenue1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed money

23. State the purpose of a replacement reserve account

This account is like a special savings account into which money is deposited on a monthly quarterly or annually basis so that the future funds are available for large capital projectsRace color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individuals1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed moneyThe sum of the effective gross income and other income stated in other manner it is simply total revenue

24. What considerations should be used when increasing rents

The sum of the effective gross income and other income stated in other manner it is simply total revenueWhen the floor plan is 95% or more occupied or that they are full when property turnover average is below 55% when rents fail below levels indicated by the market comp analysis anytime the community is full or part owner requestRace color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individuals1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed money

25. List three factors that affect rental income

Percent occupancy and collection percent1.Receive periodic cash payments from cash flow Generated by the property 2. Potential for an investment appreciation increase in value of the property 3. Reduction in income taxes ownership of residential income property allows the owner to use depreciation when reporting taxable income 4. The ability to invest using leveraged funds or borrowed moneyRace color religion sex sexual orientation age 40 years and older ancestery nation origin physical or mental disability marital status medical condition engender this specific protected transsexual transgender individualsThe sum of the effective gross income and other income stated in other manner it is simply total revenue

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25 Questions

❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | OSHA Basics Quiz | What Should We Know? Privacy | Terms |

Without work one finishes nothing. - Ralph Waldo Emerson© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.

About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | OSHA Basics Quiz | What Should We Know?
Privacy | Terms |

Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com