CCS Property Management & Condominium Law 1

Question 1

What is the primary responsibility of a property manager in a condominium setting?

Accepted Answer

Handling maintenance, budgets, and communication

Answer

Enforcing criminal law

Answer

Supervising tenants directly

Answer

Designing building architecture

Question 2

Which document governs the rules and operations of a condominium?

Accepted Answer

The condominium declaration and bylaws

Answer

The real estate code

Answer

The tenant agreement

Answer

The housing act

Question 3

What is a reserve fund used for in condominium management?

Accepted Answer

Major repairs and replacements

Answer

Daily operating expenses

Answer

Board member salaries

Answer

Marketing and advertising

Question 4

Which law generally regulates fair housing practices in condominiums?

Accepted Answer

The Fair Housing Act

Answer

The Clean Water Act

Answer

The Building Safety Code

Answer

The Labor Law

Question 5

Why are board meetings important in condominium management?

Accepted Answer

To discuss management issues and vote on decisions

Answer

To host social events

Answer

To monitor personal habits

Answer

To avoid transparency

Question 6

What happens if a unit owner fails to pay condo fees?

Accepted Answer

A lien may be placed and access restricted

Answer

They are automatically evicted

Answer

They receive a tax deduction

Answer

Nothing can be done

Question 7

What is the role of the condominium board?

Accepted Answer

To enforce rules and manage operations

Answer

To sell units

Answer

To operate independently of owners

Answer

To promote tourism

Question 8

Which area of law primarily affects condominium associations?

Accepted Answer

Condominium law

Answer

Tax law

Answer

Employment law

Answer

Family law

Question 9

What is the importance of insurance in condo management?

Accepted Answer

It protects the condominium from financial risks

Answer

It increases taxes

Answer

It reduces monthly fees

Answer

It avoids maintenance