Free practice test

Property Manager Practice Test

Check what you know about the property manager job with 15 free questions and instant explanations.

Updated By the Career Education Institute Curriculum Team
About this practice test

15 multiple-choice questions on property manager knowledge, safety and vocabulary. Submit to see your score and explanations, or open any question’s answer as you go. Nothing is saved or shared.

Question 1 of 15Occupancy rate measures:
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Answer: Percentage of units leased. It shows leased units.

Question 2 of 15The Fair Housing Act prohibits:
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Answer: Housing discrimination. It bans discrimination.

Question 3 of 15NOI equals:
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Answer: Income minus operating expenses. Net operating income.

Question 4 of 15A make-ready is:
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Answer: Preparing a unit for a new resident. It prepares vacant units.

Question 5 of 15Notice requirements for late rent come from:
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Answer: The lease and state law. Follow lease terms and law.

Question 6 of 15Which term matches this definition: “The percentage of units leased.”
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Answer: Occupancy rate. Occupancy rate: The percentage of units leased.

Question 7 of 15What does “Notice to vacate” mean?
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Answer: A resident’s notice of moving out.. Notice to vacate: A resident’s notice of moving out.

Question 8 of 15Which term matches this definition: “Net operating income.”
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Answer: NOI. NOI: Net operating income.

Question 9 of 15What does “Renewal” mean?
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Answer: Extending a resident’s lease.. Renewal: Extending a resident’s lease.

Question 10 of 15Which term matches this definition: “A maintenance request.”
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Answer: Work order. Work order: A maintenance request.

Question 11 of 15What does “HOA” mean?
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Answer: Homeowners association.. HOA: Homeowners association.

Question 12 of 15Which term matches this definition: “Capital expenditures for major improvements.”
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Answer: CapEx. CapEx: Capital expenditures for major improvements.

Question 13 of 15What does “Security deposit” mean?
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Answer: Money held to cover damages.. Security deposit: Money held to cover damages.

Question 14 of 15Which term matches this definition: “A federal law banning housing discrimination.”
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Answer: Fair Housing Act. Fair Housing Act: A federal law banning housing discrimination.

Question 15 of 15What does “Make-ready” mean?
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Answer: Preparing a unit for a new resident.. Make-ready: Preparing a unit for a new resident.

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