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Certified Apartment Manager Test Prep
Certified Apartment Manager Test Prep
20
Real Estate & Planning
Professional
06/23/2015

Additional Real Estate & Planning Flashcards

 


 

Cards

Term
FACTA
Definition
What protects the privacy and insures the accuracy of consumer credit report information and guarantees that the information supplied by consumer reporting agencies is as accurate as possible?
Term
FACTA
Definition
What addresses consumer concerns about identiy theft and gives consumers the right to limit how businesses can use their non public personal information?
Term
  • Marketing and Advertising
  • Screening and Applications
  • Leases
  • Maintenance
  • Termination
Definition
Name the 5 Phases of the Rental Process
Term
For very small contracts
Definition
When would a contract bid be unnecessary?
Term
  • You were legally responsible for hte "control area" and failed to repair the systenm or problem that caused inury.
  • An accident was forseeable
  • The chances of an accident could have been sharply reduced with reasonable attention.
  • Because of your lack of personal attention, your failure to respond to the proper maintenance caused the injury
Definition
What are 4 conditions that a personal injury claim may be valid under?
Term
  1. Report the complaint to local authorities
  2. File a court action
  3. Make the repair or hire a professional to do the work and subtract that amount from the rent
  4. Move out
  5. Withhold rent
  6. Pay rent, but file suit for the difference between rent charged & the value of the dwelling
Definition
The lack of habitability gives the resident the right to choose to do one of which 6 things?
Term
  1. Know the frequency and nature of crime in your area
  2. Consult with local police
  3. Keep residentsw reasonably informed of current criminal activity in your neighborhood
  4. Conduct regular property inspections
  5. Develop a responsive strategy to concerns and complaints
Definition
What are a manager's criminal activity disclosure responsiblities and restrictions?  (Hint: 5)
Term
  1. Maintain roofs, windows, and walls
  2. provide working water, heat, air conditioning, electric, plumbing, and lighting.
  3. Clean and keep the common areas safe.
  4. Address potential environmental hazards
  5. control excessive noise, insufficient ventilation, and overcrowding
Definition
What are the 5 manager's responsibilities for implied warranty of habitability?
Term
  1. Inform applicants that a consumer report will be requested.
  2. Obtain a signed form from applicant authorizing the credit search.
  3. Provide written notification to the rejected applicant of their right to receive a copy of the credit report.
  4. Maintain records in the evnet a claim is filed.
Definition
List the apartment manager's 4 legal obligations when requesting a credit search for an applicant.
Term
  1. the name, address, and phone # of hte credit bureau you used.
  2. A statement that the credit bureau did not make the rejection decision and cannot provide the reasons for the rejection adverse action to be taken
  3. A statement of the applicant's right to obtain a free copy of the report from the credit bureau if hte applicant requests it within 60 days of your rejection.
  4. A statement telling hte applicant that he/she can dispute the accuracy of the report as provided in the Act or demand a reinvestigation dispute
  5. A statment explaining the disclosure of any credit scores and information relating to the credit scores if a credit score is used in taking the adverse action. 
Definition
If you deny an application based on information in the credit report, you must write an "adverse action" letter which should include what 5 pieces of information?
Term
  1. Require a co signer on the lease
  2. Require a deposit or the last month's rent
  3. Require a larger deposit than the other renters
Definition
What are the three adverse actions that you can take if a resident application has a fraud alert or file blocks idenitfied on their credit report.
Term
  1. If the property has a central dish that provides commercially acceptable signals that residents wish to have and the cost is not greater than the  cost of the individual private service.
  2. If the tenant wants to drill holes in outside walls, roofs, or balconies.
  3. If the tenant wants to install a dish/antenna in a common area
Definition
Under what conditions can you restrict a tenant from installing a satellite dish or antenna?
Term
  1. Lead
  2. Asbestos
  3. Freon
  4. Radon
  5. Mold
  6. Carbon Monoxide

Managers are responsible for correcting them even if they did not cause them. 

Definition
What are hte 6 environmental hazards and who is responsible for correcting them?
Term
  1. Compensate the compaintant for actual damages, including humilation, pain and suffering.
  2. Be subjected to injunctive or other equitable relief: for example, to mak ehte housing available to the complaintant.
  3. Pay the Federal Government a civil penalty to vindicated the public interest.
  4. Pay reasonable attorney's fees and costs
  5. Turn over management to a professional property management company and stay away from the property

 

Definition
What are the 5 possible penalties that can be imposed in the federal administrative process?
Term

1st violation - $16,000

2nd violation - $37,500

3 or more within 5 years - $65,000

Definition
What is the maximum penalties for 1st, 2nd, and three or more violations within 5 years of federal laws?
Term
  1. Use safety related work practices throughout the workplace.
  2. Have a safety training program in place.
  3. Provide personal protective equipment
  4. Conduct periodic property inspections.
  5. Have a zero tolerance policy for failing to obey safety rules and regulations
Definition
What are 5 things you can do to prevent worker's compensation claims?
Term
Disparate impact discrimination
Definition
What occurs when a neutral policy or procedure has a disproportionately negative impact on a protected class?
Term
  1. There is a legitimate business necessity for the action or inaction
  2. There is no less descriminatory way to accomplish the business necessity.
Definition
What two things could occur for a disparate impact discrimation to still be found to be nondiscriminatory?
Term
  1. The housing must be planned and managed for people 62 or 55 years of age or older.
  2. It must make sure that it has policies and procedures in place that demonstrate its intent to qualify for the exemption.
  3. These policies and procedures must be distributed and implemented, using the terms Senior Housing: "A 55 and older community" or "A 62 and older community."
Definition
What 3 requirements must a property meet in order to qualify for senior housing?
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