CAM Risk Assessment and Management 3

Question 1

Under the Fair Housing Act, which risk management practice helps prevent discrimination claims during the leasing process?

Accepted Answer

Applying consistent written screening criteria to all applicants

Answer

Consistent written criteria applied uniformly to all applicants is the cornerstone of Fair Housing compliance in screening.

Question 2

A property manager wants to reduce liability exposure from pool accidents. Which combination of measures is MOST effective?

Accepted Answer

Installing fencing, posting rules, and enforcing adult supervision policies

Answer

Layered controls—physical barriers, posted rules, and supervision policies—provide the most comprehensive pool risk management.

Question 3

Which document should a property manager maintain to demonstrate due diligence in risk management for a premises liability claim?

Accepted Answer

Inspection logs and maintenance work orders

Answer

Inspection logs and completed work orders show the property was regularly monitored and hazards were addressed promptly.

Question 4

What is the primary purpose of business interruption insurance for an apartment community?

Accepted Answer

To replace lost rental income while the property is being repaired

Answer

Business interruption insurance compensates for rental income lost while the property is uninhabitable due to a covered loss.

Question 5

When a resident reports a carbon monoxide detector is not functioning, how should a property manager respond under a risk management protocol?

Accepted Answer

Replace the detector within 24 hours and document the action

Answer

Carbon monoxide is a life-safety issue requiring immediate replacement and documentation to reduce liability.

(CAM) Certified Apartment Manager Practice Test