Free Study Guide•Practice questions, flashcards, and related resources

Free ARM Exam Prep

Accredited Residential Manager

Prepare for the ARM exam without spending hundreds on expensive prep courses. Free study guides, practice questions, flashcards, and related exam resources.

Quick Facts

15
Chapters
44
Sections
$0
Our Cost
Updated January 2026
Start Chapter 1
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Continue into nearby exams from the same family. Each card keeps practice questions, study guides, flashcards, videos, and articles in one place.

Your Study Path

ARM IREM Certifications License: Complete Roadmap

Follow this path to organize your licensing and exam preparation

1

Complete the two required ARM coursesYou are here

Work through the two IREM ARM courses covering marketing/leasing, maintenance, finance, fair housing, risk, and retention.

40
hours
2

Complete the ethics course

Take ETH001 or ETH800 to satisfy the ethics requirement and learn the IREM Code of Professional Ethics.

8
hours
3

Review materials & build your open-book index

Tab and highlight your course materials so you can find formulas, fair housing rules, and IREM ethics articles in under a minute.

12
hours
4

Practice questions & exam day

Complete the 100-question practice exam, review weak areas, then schedule the live online proctored ARM exam within your 30-day window.

20
hours
Start this step
Estimated total study time
80 hours
That's about 8 weeks at 10 hours/week

Can You Take the ARM Exam?

Check if you meet the basic eligibility requirements

Age
Education
No specific degree required (coursework completion required)
Experience
12 months of residential property management experience meeting IREM minimum portfolio (e.g., 30 rental MF units or 60 HOA/condo units) and performing 14 of 29 IREM management functions
Additional Requirements
  • •Pass the ARM Certification Exam (100 questions, open book, 70% passing)
  • •Live online proctored exam with a 30-day window after registration
  • •Standard non-programmable calculator allowed
  • •Maintain IREM membership and pay annual dues to keep the ARM in good standing

ARM Quick Facts

Time to Get Licensed

3-6 months for most candidates

From start to license in hand

Exam Provider

IREM (live online proctored)

Remote Testing Available
Schedule Your Exam

Retake Policy

Candidates who do not pass may retake the exam; an additional exam fee is required for each attempt

Total Cost Breakdown

Exam Fee~$285 (member) / ~$485 (non-member) for the ARM Certification Exam
Total Estimated Cost$2,000-$4,000+ for the full program
Why Choose Us

Free ARM Prep Tools

Reported exam pass rate: Not publicly reported by IREM. These figures describe exam candidates, not OpenExamPrep user outcomes. Check the exam sponsor’s website for published statistics.

100 Practice Questions

Mirrors the live exam length and covers all seven ARM topic areas

AI-Powered Hints

Get contextual hints and wrong-answer explanations powered by AI

Updated for 2026

Reflects the current IREM ARM curriculum and ethics standards

100% Free

All 100 ARM practice questions are free — no account required

Compare:
Kaplan $300+•Achievable $200+•OpenExamPrep $0

What You'll Study

15 chapters covering the exam topics in this guide

ARM Exam Details

Accredited Residential Manager

Administered by Institute of Real Estate Management (IREM)

Official Source
70%
Passing Score
100
Questions
Open
Time Limit
~$285 (members) / ~$485 (non-members) plus course tuition
Exam Fee
Study time: 60-80 hours
Prerequisites: 12 months residential management experience meeting IREM min portfolio + 14/29 functions

Exam Content Breakdown

Based on the official Institute of Real Estate Management (IREM) content outline

Marketing, Leasing & Tenant Relations20%

Marketing plans, advertising, leasing process, application screening, lease execution, move-in, and day-to-day tenant relations for residential properties

Maintenance & Operations20%

Preventive vs. corrective maintenance, work order priorities, building systems (HVAC, electrical, plumbing), capital reserves, vendor management, and contracts

Financial Reporting & Budgeting20%

Operating budgets, NOI, cap rate, GRM, T-3 and T-12 income reports, variance analysis, accrual vs. cash accounting, and capital reserves

Fair Housing & Legal Compliance15%

Fair Housing Act seven protected classes, ADA Title III, Section 504, ESA reasonable accommodations, lead-based paint disclosure, and landlord-tenant law

Risk Management & Insurance10%

Insurance coverage (property, liability, umbrella), loss prevention, OSHA HazCom for in-house staff, mold remediation (IICRC S520), and emergency preparedness

Resident Retention & Customer Service10%

Renewal strategy, retention metrics including renewal rate and NPS, service recovery, communication standards, and turnover cost analysis

IREM Code of Professional Ethics5%

Loyalty to client, confidentiality, accounting and trust funds, fiduciary duty, and the IREM Code of Professional Ethics enforcement process

What's Included

15 Chapters

Complete exam coverage

Practice Quizzes

With detailed explanations

Free to Start

No credit card required

Ran Chen - AI Engineer, CFP®
CFP®
Why It's Free

Quality Exam Prep Shouldn't Cost Hundreds

I'm Ran Chen, an engineer with 20+ years of coding experience. I passed my Life Insurance license, EA exam, SIE, Series 6, 63, 65, and finally the CFP® exam.

Through all these exams, one thing became clear: exam prep is expensive. But with AI, we can change that. Quality preparation can now be free for everyone.

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What's Next After the ARM?

After passing the ARM, you can pursue these career paths

ARM Exam FAQ

Official Institute of Real Estate Management (IREM) Resources

Verify information with these official sources

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Ready to Start Your Free ARM Prep?

Review the study guide, practice key concepts, and use the free tools at your own pace.