Leasing Exam Day 3

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| By Pangeare
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Quizzes Created: 3 | Total Attempts: 626
| Attempts: 89
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  • 1/30 Questions

    What is the maximum weight limit for dogs?

    • Up to 20 lbs
    • Up to 40 lbs
    • Up to 50 lbs
    • Up to 100 lbs
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About This Quiz

Leasing Exam Day 3 assesses knowledge on various regional leasing guidelines, focusing on pet policies, neighborhood zones, and affordability in Chicago. It is aimed at enhancing understanding of leasing agents about local real estate regulations.

Chicago Quizzes & Trivia

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  • 2. 

    Sauk Village is located in which zone?

    Explanation
    Sauk Village is located in Zone 5, which is confirmed by the repetition of the number 5 in the answer. The repetition suggests that Zone 5 is the correct answer and that Sauk Village is located in this particular zone.

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  • 3. 

    Appointments are set in time intervals of how many minutes?

    Explanation
    Appointments are set in time intervals of 30 minutes, which is equivalent to half an hour, 30 min, or simply 30. This means that each appointment slot is scheduled for a duration of 30 minutes, allowing for efficient time management and organization of appointments.

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  • 4. 

    No more than ____ people may occupy a one bedroom in Indy.

    Explanation
    Instructor will grade.

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  • 5. 

    Appointments can be scheduled no more than ______ days from today.

    Explanation
    Appointments can be scheduled no more than 7 days from today. This means that any appointment requested beyond a 7-day period will not be accepted. The word "seven" is simply another way of expressing the numerical value of 7.

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  • 6. 

    Information on a prospect's current and past appointments can be found in which section of the CRM Guestcard?

    Explanation
    The prospect's current and past appointments can be found in the Activities section of the CRM Guestcard. This section includes an Activity Log that keeps track of all the activities related to the prospect, such as appointments, meetings, and interactions. Additionally, the Profile section may also provide information about the prospect's appointments, but the Activities section is specifically designed to store and organize this type of data.

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  • 7. 

    Which of the following is NOT located in Zone 3?

    • Maywood

    • Broadview

    • Harvey

    • Oak Park

    Correct Answer
    A. Harvey
    Explanation
    Harvey is not located in Zone 3.

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  • 8. 

    Name at least one Indianapolis community that does not allow prospects who have been evicted in the past 5 years.

    Correct Answer
    Riverside, Groves
    Explanation
    Riverside and Groves are both Indianapolis communities that have a policy of not allowing prospects who have been evicted in the past 5 years.

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  • 9. 

    What are the general income rules?

    • Must make at least 2x rent

    • Must make at least 3x rent

    • Must make just enough to cover rent

    • None of the above

    Correct Answer
    A. Must make at least 2x rent
    Explanation
    The general income rule states that an individual must make at least 2 times the amount of rent in order to qualify for a rental property. This means that their income should be double the monthly rent amount. This rule is often used by landlords and property management companies to ensure that tenants have a stable and sufficient income to afford the rent without financial strain. Making at least 2x rent helps to ensure that tenants can meet their financial obligations and avoid potential issues with late or missed rent payments.

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  • 10. 

    Which of the following is NOT a prescreen question?

    • Do you have any eviction history?

    • Do you have any criminal history?

    • What is your monthly income after taxes?

    • When will you be moving?

    Correct Answer
    A. Do you have any criminal history?
    Explanation
    The question "Do you have any criminal history?" is not a prescreen question because it pertains to the applicant's criminal background, which is typically assessed during a more thorough background check later in the screening process. Prescreen questions are usually designed to quickly filter out applicants who do not meet certain basic criteria, such as eviction history or income level.

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  • 11. 

    What is the max occupancy limit for a 2 bedroom unit in Chicago?

    • 2 Max

    • 4 Max

    • 6 Max

    • 8 Max

    Correct Answer
    A. 4 Max
    Explanation
    The correct answer is 4 Max because a 2 bedroom unit in Chicago typically has a maximum occupancy limit of 4 people. This is a common standard for residential units in many cities, including Chicago, to ensure the safety and comfort of residents.

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  • 12. 

    T or F: Suburb is not a term that is commonly used in the Baltimore area.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    In the Baltimore area, the term "suburb" is not commonly used. This suggests that the surrounding areas of Baltimore are not typically referred to as suburbs, but rather by other terms such as neighborhoods or districts.

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  • 13. 

    T or F: You must click "Dismiss" when cancelling a future appointment in order to remove it from the leasing agent's calendar.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    You must click "DELETE"

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  • 14. 

    Which neighborhood is near Oak Park?

    • South Shore

    • Austin

    • Grand Crossing

    • Chatham

    Correct Answer
    A. Austin
    Explanation
    Austin is the correct answer because it is a neighborhood that is near Oak Park.

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  • 15. 

    In which zone is the South Shore neighborhood located?

    • Zone 5

    • Zone 3

    • Zone 2

    • Zone 1

    Correct Answer
    A. Zone 2
    Explanation
    The South Shore neighborhood is located in Zone 2.

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  • 16. 

    A prospect who makes $1200 after taxes can rent a unit in Chicago for $600 per month with heat included.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    They make more than double the rent of the unit.

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  • 17. 

    T or F: Pangea currently owns buildings on the far north side of Chicago.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    The statement claims that Pangea currently owns buildings on the far north side of Chicago. However, the correct answer is False, indicating that this statement is not true. This means that Pangea does not currently own any buildings on the far north side of Chicago.

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  • 18. 

    Groves is located in which Indianapolis neighborhood?

    • North High School

    • East Side

    • Broad Ripple

    • Old Town

    Correct Answer
    A. Broad Ripple
    Explanation
    Groves is located in the Broad Ripple neighborhood of Indianapolis.

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  • 19. 

    How many appointments can be set at the same unit during the same time slot?

    • 1

    • 2

    • 3

    • 4

    Correct Answer
    A. 3
    Explanation
    During the same time slot, a maximum of 3 appointments can be set at the same unit. This means that three different individuals or groups can schedule appointments to use the unit simultaneously.

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  • 20. 

    Which of the following is NOT a reason to cancel a guestcard?

    • Has 2 small dogs

    • Was evicted 6 months ago

    • Wants to move to Rockford IL

    • Is looking to move in 3 months

    Correct Answer
    A. Has 2 small dogs
    Explanation
    The reason "Has 2 small dogs" is not a valid reason to cancel a guestcard because it does not necessarily violate any policies or regulations. While some properties may have restrictions on pets, it is not stated in the question that pets are not allowed. Therefore, having two small dogs should not be a reason to cancel the guestcard.

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  • 21. 

    When selecting a unit for an appointment, the status must be vacant or ____________ only.

    • Applicant

    • Future

    • Eviction

    • Notice

    Correct Answer
    A. Applicant
    Explanation
    All other statuses mean someone is or will be living in the unit.

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  • 22. 

    If a prospect is interested in Englewood units, what other area might they be interested in?

    • Austin

    • South Chicago

    • Auburn Gresham

    • Chatham

    Correct Answer
    A. Auburn Gresham
    Explanation
    If a prospect is interested in Englewood units, they might also be interested in Auburn Gresham. Both Englewood and Auburn Gresham are neighborhoods within the city of Chicago, and they are in close proximity to each other. Therefore, it is likely that someone who is interested in Englewood units would also consider looking at properties in Auburn Gresham.

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  • 23. 

    T or F: A couple with one child and a combined income of $1700 can lease a 1bd unit in Chicago for $800 without heat.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    The given statement is false because a couple with one child and a combined income of $1700 would not be able to afford to lease a 1bd unit in Chicago for $800 without heat. This is because after deducting the cost of rent, they would have only $900 left for all other expenses, which would not be sufficient to cover their basic needs such as food, utilities, and transportation. Therefore, it is not possible for them to afford such a unit with their income.

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  • 24. 

    A prospect who is interested in the Vistas community in Indianapolis may also be interested in which other community?

    • Groves

    • Oaks

    • Cedars

    • Courts

    Correct Answer
    A. Courts
    Explanation
    A prospect who is interested in the Vistas community in Indianapolis may also be interested in the Courts community. This is because both communities are likely to have similar features, amenities, or location advantages that would attract the same type of prospect. The prospect's interest in one community may indicate a preference for a certain lifestyle or set of benefits that are likely to be found in the Courts community as well.

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  • 25. 

    Which of the following are Baltimore communities? (Select all that apply)

    • Pines

    • Groves

    • Cedars

    • Elms

    • Oaks

    • Springs

    Correct Answer(s)
    A. Pines
    A. Oaks
    A. Springs
    Explanation
    The correct answer is Pines, Oaks, and Springs. These three options are all names of trees, which suggests that they could be community names in Baltimore. The other options, Groves, Cedars, and Elms, are also names of trees, but they are not listed as correct answers.

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  • 26. 

    T or F: The monthly pet fee for dogs in Chicago is $10 per dog.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    It is $10 for up to 2 dogs

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  • 27. 

    T or F: Pangea Pines is located on the west side of Baltimore.

    • True

    • False

    Correct Answer
    A. False
    Explanation
    It is on the northeast side

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  • 28. 

    A prospect who is interested in the Chatham neighborhood of Chicago may also be interested in which of the following? (Check all that apply)

    • Auburn Gresham

    • South Shore

    • Grand Crossing

    • Park Manor

    Correct Answer(s)
    A. Grand Crossing
    A. Park Manor
    Explanation
    A prospect who is interested in the Chatham neighborhood of Chicago may also be interested in the Grand Crossing and Park Manor neighborhoods. These neighborhoods are in close proximity to Chatham and offer similar amenities, housing options, and community vibes. Therefore, it is likely that someone interested in Chatham would also be interested in exploring these neighboring areas.

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  • 29. 

    What zone would you search for if a prospect wants to live near Harlem Ave and Lake St?

    Correct Answer(s)
    Zone 3, Z3, 3, three
    Explanation
    If a prospect wants to live near Harlem Ave and Lake St, they would search for properties in Zone 3, also known as Z3. This zone is likely the area that encompasses the vicinity of Harlem Ave and Lake St, making it the most suitable option for finding a property in close proximity to the desired location.

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  • 30. 

    Name two of the six Indy communities located in Zone 20.

    Correct Answer(s)
    Instructor will grade

Quiz Review Timeline (Updated): Jul 2, 2024 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Jul 02, 2024
    Quiz Edited by
    ProProfs Editorial Team
  • Oct 05, 2015
    Quiz Created by
    Pangeare
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