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CAM -Certified Apartment Manager Exam Review (Latest 2024/ 2025 Update) |Qs & As| 100% Correct| Grade A (Verified Answers) $10.99   Add to cart

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CAM -Certified Apartment Manager Exam Review (Latest 2024/ 2025 Update) |Qs & As| 100% Correct| Grade A (Verified Answers)

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CAM,Certified Apartment Manager Exam Review (Latest 2024/ 2025 Update) |Qs & As| 100% Correct| Grade A (Verified Answers) Q: 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 mor...

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  • September 30, 2024
  • 68
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CAM -Certified Apartment Manager
  • CAM -Certified Apartment Manager
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nurse_steph
CAMI-CertifiedIApartmentIManagerI
ExamIReviewI(LatestI2024/I2025IUpdate)I|
QsI&IAs|I100%ICorrect|IGradeIAI(Verified
IAnswers)
Q:IWhatIareItheIdifferencesIamongImid,Ilow,IandIhighIriseIapartmentIbuildings?
Answer:
AIlowIriseIhasI4IstoriesIorIfewer
AImidIriseIhasI5-10Istories
AIhighIriseIhasImoreIthanI10Istories



Q:IWhatIisIaIcorporateIapartment?
Answer:
AIfullyIfurnishedIapartmentIequippedIwithIallInecessaryIamenities.



Q:I4IstoriesIorIfewer
Answer:
AIlowIrise



Q:IHasI5-10Istories
Answer:
AImidIrise



Q:IMoreIthanI10Istories
Answer:
AIhighIrise

,Q:IWhatIinformationIdoIyouIneedIinIorderItoIcompleteIanIfinancialIanalysisIonIaIproperty?
Answer:
TheIincomeIstatement



Q:IWhenIdoingIaIfinancialIanalysis,IwhyIdoIyouIneedItoIidentifyItheIGPRIfirst?
Answer:
allIotherIincomeI&IexpensesIareImeasuredIandIevaluatedIasIaIpercentageIofIGPR



Q:IWhatIareItheIthreeIprimaryItypesIofIincomeIyouIwillIlookIfor/calculate?
Answer:
EffectiveIGrossIIncomeI(EGI)
NetIOperatingIIncomeI(NOI)
CashIFlowI(CF)



Q:IWhatIisIaIchartIofIaccounts?
Answer:
aIlistIofIaccountsItoIwhichIrevenueIandIexpensesIareIpostedIandIshowIupIonItheIgeneralIledge
r



Q:IWhatIisIusedItoIgenerateIanIincomeIstatement?
Answer:
EntriesIinItheIgeneralIledger



Q:IListIsomeIbenefitsIofIminimizingIfinancialIloss.
Answer:
IncreasesItheIfinancialIsuccessIofIaIproperty
ImprovesIpropertyIperformance
MakesIyourIjobIeasier

,Q:IWhatIareItheImainItypesIofIfinancialIlossIyouIshouldIworkItoIprevent?
Answer:
1.IVacancyILoss
2.IOfflineIandInonrevenueIunits
3.IBadIDebt
4.IConcessionsI&Idiscounts



Q:IDuringItheIrentIcollectionIprocess,IwhatIthingsIshouldIyouIconsiderIbeforeIoccupancy?
Answer:
1.ItheIscreeningIprocess
2.IRentIcollectionIpolicy
3.IinclusionIofItheIpolicyIinItheIlease,IorientationImaterials,Ietc



Q:IDuringItheIrentIcollectionIprocess,IwhatIisItheIpurposeIofIresidentIcommunicationIefforts
?

Answer:
ToIfacilitateItheIrentIcollectionIprocess



Q:IWhyIwouldIyouIwantItoIcreateIaIbufferIforIrentIcollection?
Answer:
ToIhelpIyouIremainIonIgoodItermsIwithItheIresidents.I
ToIensureItimelyIandIcompleteIpayments.



Q:IWhatIareIsomeIofItheIcharacteristicsIofIVariableIExpenses?
Answer:
VaryIasIconditionsIchangeI
ManyIareIassociatedIwithIoccupancy



Q:IWhatIareICapitalIExpenses?
Answer:

, CostsIforIlargeIimprovementsIthatIhaveIanIeconomicIusefulIlifeIbeyondI1Iyear



Q:IDescribeIcost-benefitIanalysis.
Answer:
ProcessIofIweighingIaIpotentialIexpenseIagainstIaIpotentialIbenefit.



Q:IWhatIisItheImostIimportantIthingItoIkeepIinImindIwhenIdevelopingIaIbudget?
Answer:
TheIownersIpropertyIobjectivesIandIinvestmentIgoals.



Q:IWhatIareItheIstepsItoItheIbudgetIdevelopmentIprocess?
Answer:
IdentifyIgoals
gatherIinformation
assignInumericalIvalues



Q:IWhenIwouldIyouIdevelopIRehapIorIRenovationIbudget?
Answer:
WhenIaIpropertyIisIbeingIrehabbedIorIundergoingIretrofitting/modification.



Q:IWhatIareItheI3ItipsItoIdevelopingIbudgetsIcoveredItoday?
Answer:
BeIpreparedI
UseIhistoricalInumbers
SeekIinput



Q:IWhatIisIextrapolation/annualization?
Answer:
EstimatingIfutureIinformationIbyIextendingIknownIinformation.

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