Free Practice Questions for Certified Housing Manager Assistant Exam

Exam-style questions and explanations by OpenExamPrep.

✓ No registration✓ No credit card

100+ Questions

100% Free

Loading practice questions...

Same family resources

Explore More South Korea Real Estate Professional Licensing Examinations (국토교통부 / Q-Net)

Continue into nearby exams from the same family. Each card keeps practice questions, study guides, flashcards, videos, and articles in one place.

Korea Certified Property Appraiser Exam (감정평가사 자격시험, South Korea)

Practice Questions100 questions

Korea Licensed Real Estate Agent Exam (공인중개사 자격시험, South Korea)

Practice Questions100 questions

Sample Certified Housing Manager Assistant Exam Practice Questions

Try these sample questions to review concepts for the Certified Housing Manager Assistant Exam exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Under K-IFRS and standard apartment accounting standards, what is the fundamental accounting equation that governs the Statement of Financial Position (재무상태표)?

A.Assets = Liabilities - Revenues

B.Net Income = Total Assets + Operating Expenses

C.Assets = Liabilities + Equity (자산 = 부채 + 자본)

D.Equity = Cash Receipts - Accounts Payable

Explanation: The fundamental accounting equation is Assets = Liabilities + Equity (자산 = 부채 + 자본). In apartment accounting, total resources controlled by the housing complex (cash, reserve funds, equipment) must always equal the claims of outside creditors (liabilities) plus the accumulated reserves and capital contributions belonging to the homeowners (equity).

2In multi-family housing management accounting in South Korea, how is the 'Prepaid Management Fee Deposit' (선수관리비 / 관리비예치금) classified on the management entity's balance sheet?

A.Operating revenue recognized immediately in the current period income statement

B.A personal bonus payable directly to the apartment building manager

C.A long-term liability (or non-current liability) representing an operating fund deposited by initial homeowners to cover operational expenses before monthly fee collections

D.A statutory municipal tax collected on behalf of the local district government

Explanation: The Prepaid Management Fee Deposit (관리비예치금 / 선수관리비) is a revolving operating reserve collected from initial homeowners pursuant to Article 24 of the Multi-Family Housing Management Act. Because the funds belong to the property owners and must be refunded when an owner sells their unit (or settled between buyer and seller), it is recorded as a long-term liability (or non-current operating fund liability) on the balance sheet.

3Under the Multi-Family Housing Management Act, which party is legally obligated to bear the cost of the Long-Term Repair Reserve Fund (장기수선충당금)?

A.The residential tenant occupying the unit under a lease (임차인)

B.The security guard contractor providing guard services

C.The municipal mayor of the district where the complex is located

D.The legal titleholder/owner of the housing unit (해당 주택의 소유자)

Explanation: Under Article 30(1) of the Multi-Family Housing Management Act, the Long-Term Repair Reserve Fund (장기수선충당금) must be collected from the owners of the housing units (주택의 소유자로부터 징수하여 적립하여야 한다). If a tenant pays the reserve fund as part of their monthly consolidated management bill, the owner is statutorily obligated to refund the accumulated amount to the tenant upon lease termination.

4An apartment management office purchased specialized landscaping equipment on January 1, 2026, for KRW 12,000,000. The estimated useful life is 5 years, with zero residual value. Using the Straight-Line Method (정액법), what is the monthly depreciation expense (월 감가상각비) allocated to monthly common management expenses?

A.KRW 100,000

B.KRW 200,000

C.KRW 250,000

D.KRW 400,000

Explanation: Annual Depreciation = (Cost - Residual Value) / Useful Life = (KRW 12,000,000 - 0) / 5 = KRW 2,400,000 per year. Monthly Depreciation = Annual Depreciation / 12 months = KRW 2,400,000 / 12 = KRW 200,000 per month.

5In financial accounting, what type of account is an 'Allowance for Doubtful Accounts' (대손충당금) established against overdue management fees receivable?

A.A long-term equity reserve account

B.A contra-asset account (자산의 차감적 평가계정)

C.A current operating revenue account

D.A non-current liability debt account

Explanation: An Allowance for Doubtful Accounts (대손충당금) is a contra-asset account (차감적 평가계정) deducted directly from the gross accounts receivable on the Statement of Financial Position, presenting receivables at their estimated net realizable collection value.

6Under standard apartment accounting regulations, what is the mandatory frequency for an apartment management office to prepare and close its financial statements?

A.Monthly closing (매월 결산)

B.Semi-annual closing every six months

C.Once every three calendar years

D.Only upon change of the building management entity

Explanation: Under the Multi-Family Housing Accounting Rules and related municipal ordinances, multi-family housing management offices must close their accounting books and financial statements on a monthly basis (매월 결산) to accurately calculate and impose monthly management expenses on residents.

7When an apartment complex receives interest income from bank savings accounts holding the Long-Term Repair Reserve Fund, how must that interest income be accounted for under the Multi-Family Housing Management Act?

A.It must be distributed as immediate cash dividends to the resident representative council members

B.It is recognized as miscellaneous income and spent on annual staff celebration parties

C.It must be remitted immediately to the Korea Real Estate Board

D.It must be credited directly into the Long-Term Repair Reserve Fund to increase the repair reserve balance

Explanation: Under the Multi-Family Housing Management Act and accounting regulations, interest generated from the bank deposit of the Long-Term Repair Reserve Fund is legally earmarked capital income that must be deposited directly back into the Long-Term Repair Reserve Fund account to preserve the purchasing power of the capital reserve.

8What is the accounting entry on the management entity's books when a tenant moves out and the property owner directly reimburses the tenant for accumulated Long-Term Repair Reserves previously collected through monthly bills?

A.Debit: Long-Term Repair Reserve; Credit: Management Cash Account

B.Debit: Retained Earnings; Credit: Management Fee Revenue

C.No accounting entry is required on the management entity's general ledger because the transaction is a direct settlement between landlord and tenant

D.Debit: Bad Debt Expense; Credit: Accounts Receivable

Explanation: When an outgoing tenant receives reimbursement for accumulated repair reserves directly from the landlord/seller (or through an offset against the security deposit), the transaction is a private settlement between owner and tenant. Because the management entity's own reserve bank balance and reserve liability remain unchanged, no journal entry is recorded on the management entity's general ledger.

9In cost accounting for multi-family housing, which of the following is classified as an 'Individual Usage Fee' (개별사용료) rather than a Common Management Expense (공용관리비)?

A.Elevator periodic maintenance contract fees

B.Household electricity and heating consumption fees (세대별 전기료 및 난방비)

C.Security guard service contractor fees

D.General management office staff wages

Explanation: Under Article 23 of the Multi-Family Housing Management Act, Individual Usage Fees (개별사용료) are collected from individual units based on metered household consumption, including household heating, electricity, water, gas, and household waste disposal fees. Common Management Expenses (공용관리비) include general administration, cleaning, security, disinfection, and elevator maintenance fees shared by all units.

10Under the Multi-Family Housing Management Act, when must an apartment complex subject to mandatory management undergo an annual External Accounting Audit (외부회계감사) conducted by a certified public accountant?

A.Only when the complex experiences an embezzlement scandal exceeding KRW 1 billion

B.Every complex with 300 or more households must receive an annual external accounting audit, unless at least two-thirds of the owners and tenants agree in writing not to receive it

C.Every ten years regardless of complex size

D.Only if ordered by the Supreme Court of Korea

Explanation: Under Article 26(1) of the Multi-Family Housing Management Act, mandatory management complexes with 300 or more households must receive an external accounting audit at least once every fiscal year. Under Article 26(2), the audit may be exempted for that year if at least two-thirds (2/3) of all resident households (입주자등) agree in writing not to receive it.

About the Certified Housing Manager Assistant Exam Exam

The Korea Certified Apartment Housing Manager Assistant Examination (주택관리사보 자격시험) is South Korea's statutory professional qualification for managing multi-family residential housing complexes (공동주택). Certified housing managers oversee facility maintenance, safety operations, long-term repair plans, management fee accounting, and administrative compliance under the Multi-Family Housing Management Act.

Exam sponsor: Human Resources Development Service of Korea (HRD Korea / 한국산업인력공단) under the Ministry of Land, Infrastructure and Transport. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

Two-stage national qualification: Stage 1 objective multiple-choice examination (Accounting Principles, Housing Facilities, Civil Law) and Stage 2 mixed multiple-choice/short-answer examination (Housing Management Laws, Management Practice).

Time Limit

250 minutes total testing time (Stage 1: 150 minutes; Stage 2: 100 minutes)

Passing Score

Stage 1: Minimum 40% floor per subject (과락 40점 방지) and an overall weighted average of 60% across 3 subjects; Stage 2: 40% floor and 60% average, ranked within the annual selection quota

Exam / Certification Fees

KRW 35,000 total (KRW 21,000 for Stage 1; KRW 14,000 for Stage 2)

Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Official sources

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

20% of bank (20 questions)

Accounting Principles

K-IFRS financial accounting, balance sheet accounts, depreciation calculations, management fee cost allocation, and long-term reserve accounting.

20% of bank (20 questions)

Multi-Family Housing Facilities

Reinforced concrete defects, plumbing systems, drainage traps, heating systems, fire sprinklers, elevators, and repair estimation.

20% of bank (20 questions)

Civil Law

Juridical acts, agency, extinctive prescription, apartment co-ownership (공유관계), lease contracts, contractor defect liability, and torts.

20% of bank (20 questions)

Housing Management Law

Multi-Family Housing Management Act, Housing Act, Private Rental Housing Act, Building Act, and fire safety compliance rules.

20% of bank (20 questions)

Housing Management Practice

Tenant representative council procedures, management rules, Labor Standards Act compliance, long-term repair plans, and contractor selection.

Preparing for the Certified Housing Manager Assistant Exam Exam

What You Need to Know

Passing score: Stage 1: Minimum 40% floor per subject (과락 40점 방지) and an overall weighted average of 60% across 3 subjects; Stage 2: 40% floor and 60% average, ranked within the annual selection quota
Assessment: Two-stage national qualification: Stage 1 objective multiple-choice examination (Accounting Principles, Housing Facilities, Civil Law) and Stage 2 mixed multiple-choice/short-answer examination (Housing Management Laws, Management Practice).
Time limit: 250 minutes total testing time (Stage 1: 150 minutes; Stage 2: 100 minutes)
Exam / certification fees: KRW 35,000 total (KRW 21,000 for Stage 1; KRW 14,000 for Stage 2) Official sources

Using Our Practice Resources

Work through all 100 available questions
Review every answer and explanation
Track weak areas and revisit them
Use our AI tutor for tough concepts

Frequently Asked Questions

What is the official structure of the Korean Housing Manager Assistant Examination?

The official examination is administered by HRD Korea (한국산업인력공단) in two distinct stages: Stage 1 is an objective 120-question 5-option multiple-choice examination across Accounting Principles, Introduction to Multi-Family Housing Facilities, and Civil Law (150 minutes). Stage 2 is an 80-question paper covering Housing Management Related Laws & Regulations and Management Practice, consisting of 48 multiple-choice questions and 32 short-answer descriptive questions (100 minutes).

What passing score is required for the Housing Manager Assistant license?

For Stage 1, candidates must score at least 40 points out of 100 on each individual subject (avoiding the 40-point disqualification floor, or 과락) and achieve an overall weighted average of 60 points or higher. For Stage 2, candidates must achieve at least 40 points per subject and a 60-point average, with final successful candidates selected in high-score order within the pre-announced annual quota (상대평가).

Is the official Korean Housing Manager examination administered in English?

No, the official examination is administered exclusively in Korean. This OpenExamPrep question bank is an independent English-language MCQ study adaptation developed to help bilingual property managers, international real estate facility specialists, and students understand Korean residential management and building engineering regulations in English.

What subjects are included in this OpenExamPrep practice question bank?

The 100-question practice bank covers all five core syllabus areas equally (20 questions each): Accounting Principles, Building Facilities & Architectural Systems, Civil Law, Housing Management Legislation, and Multi-Family Housing Administrative Practice.