Certified Apartment Portfolio Supervisor (CAPS) Practice Exam - Module 1

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What is a compliance verification requirement in senior housing?

Annual financial audits
Verification of age restrictions every two years
Periodic inspections of facilities
Monthly reports on occupancy rates

The correct answer is: Verification of age restrictions every two years

In senior housing, compliance verification requirements are put in place to ensure that properties adhere to specific regulations, particularly those relating to age qualifications of residents. The verification of age restrictions every two years is crucial in maintaining the integrity of senior housing communities, which are often designed exclusively for residents who meet certain age criteria, typically 55 years and older. This requirement helps to ensure that the community remains compliant with Fair Housing Act regulations and other applicable laws. By verifying age restrictions periodically, properties can avoid potential legal issues and ensure that they continue to serve their intended demographic. Maintaining accurate records and conducting these verifications supports the operational integrity and marketability of senior housing developments. While the other options may pertain to general operational practices in property management or specific compliance measures, they do not directly align with the regulatory focus on age verification that is especially critical in senior housing environments.