CAM Test 2024 Questions & Answers

CAM Test 2024 Questions & Answers All of the following expenses can be deducted from the security deposit of a resident EXCEPT: - ANSWERSBackground check fees. Who should complete a rental application? - ANSWERSProspective resident Which reason BEST describes why it is important for an apartment manager to paraphrase a resident's remarks during a conversation? - ANSWERSIt helps avoid miscommunication and shows that the apartment manager cares about the resident. Which term is BEST defined as a legally enforceable contract that grants a resident the rights and responsibilities of possession and use of an apartment for a specified period of time? - ANSWERSLease When may it be unnecessary to collect bids for a contract? - ANSWERSThe contract is for a negligible amount. During contract work at a property, which method of risk reduction is used to encourage satisfactory completion of work by withholding a percentage of payment? - ANSWERSRetainage fee Which term is BEST defined as a neutral policy or procedure that has a disproportionately negative effect on a protected class? - ANSWERSDisparate impact In which situation would it be MOST appropriate to ask for written verification of a disability from a person who requests reasonable modifications due to a disability? - ANSWERSThe disability is not readily apparent. How should a property manager respond after being made aware that a sex offender lives on the property? - ANSWERSSeek legal counsel about disclosure responsibility.