IREM – CPM EXAM QUESTIONS WITH GUARANTEED ACCURATE ANSWERS
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IREM – CPM
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IREM – CPM
The California Hills, a PUD outside of Riverside, Calif., has completed three off our phases of development. There are currently 65 owned units. The final phase of the development will build out 25 more units. What type of management would best serve this community? - ACCURATE ANSWERS This communit...
IREM – CPM EXAM QUESTIONS
IREM – CPM EXAM QUESTIONS WITH GUARANTEED ACCURATE ANSWERS
The California Hills, a PUD outside of Riverside, Calif., has completed
three off our phases of development. There are currently 65 owned units.
The final phase of the development will build out 25 more units. What
type of management would best serve this community? - ACCURATE
ANSWERS✔✔ This community presents a complex management
challenge that may best be met with full agency management services. If
this CID is still under developer control they may be interested in
keeping the financial records/budgets.
A condominium association of detached new home construction in
Milwaukee is located in a former commercial district near downtown
that has been the site of a great deal of condominium conversion activity.
This CID has eight units, a parking structure, and a small recreational
facility, which includes a fitness room and pool. What type of
management would best serve this community? - ACCURATE
,ANSWERS✔✔ Financial-only management or self management may
work best for this community.
A small apartment building with six units in Washington, D.C., was
converted to condominiums five years ago. The first floor was intended
to be leased as office space but is currently vacant. The building was
built in 1948.What type of management would best serve this
community? List the range of circumstances where you think this
community may potentially benefit from the services of a management
company. - ACCURATE ANSWERS✔✔ While the small size of this
condo conversion might be make it feasible for self management or
financial-only management, the age of the community indicates that
some maintenance challenges may be at work. To meet these challenges
full service management may benefit the community.
The Shangri-La is a 200 unit, detached home, planned unit development
with attractive yards and large above-median priced homes. The
expansive common areas include a par-3 and -4 golf course, water park,
and game room. What type of management would best serve this
community? List the pros and cons of outside management for this type
of community. - ACCURATE ANSWERS✔✔ Answers will vary.
Define the role of a member in the association (for example, the unit
owner) in the decisions of the Board of Directors. - ACCURATE
ANSWERS✔✔ The basic principle of a common interest development
is that no one owner can act in isolation from the group. This means for
one that they cannot break the terms of membership set out in the
documents of the CID. Members may be nominated to the Board of
Directors. Part of effective relationship management of the agent/board
,interaction is to understand that debate within the community is a natural
part of the member/board decision making process.
What are the potential advantages or disadvantages of a high degree of
participation among members of the association for the CID? -
ACCURATE ANSWERS✔✔ The benefits to having highly active and
vocal volunteer participation in the association is that in fostering the
belief in owners that their voice matters helps build strong community
"buy in" (participation, or a sense of "investment"),which in turn will
create the best pool of candidates from which Boards and committees
are appointed. The disadvantage to vocal participation is that it can bog
down the ability of a CID to make decisions if membership contests the
decisions of the Board of Directors.
Explain why common areas are potentially one of the benefits of CID
membership - ACCURATE ANSWERS✔✔ In residential property the
CID allows individual investors to share in the benefits of common
elements such as swimming pools, tennis courts, or landscaped common
areas that an individual owner may not have been able to afford.
Describe the advantages of having a management agreement that spells
out the relationship between the Managing Agent and CID in as detailed
a manner as possible. - ACCURATE ANSWERS✔✔ The benefit of a
detailed management agreement lies in part in that it clarifies to whom
the Managing Agent reports.
What is active listening? - ACCURATE ANSWERS✔✔ The term active
listening describes communication in which the listener is as active in
the process as the speaker. The goal of active listening is for you to hear
, and understand other people, and to let them know you've heard and
understood them.
What percent of communications are nonverbal? - ACCURATE
ANSWERS✔✔ Around 55 percent of what others hear us say is a direct
result of what we communicate visually: dress, posture, movements,
facial expressions, and eye contact. The next 38 percent of the message
we send comes from the sound of the communication: tone of voice,
accent, rate of speech, volume, and timbre. So, a total of 93 percent of
communications are nonverbal.
Which conflict resolution style believes "only the strong survive"? -
ACCURATE ANSWERS✔✔ The adversarial style of conflict resolution
believes "only the strong survive."
Which conflict resolution style believes "you must give a little to get a
little"? - ACCURATE ANSWERS✔✔ The compromising style of
conflict resolution believes "you must give a little to get a little."
What is the difference between Theory X and Theory Y styles of
management? - ACCURATE ANSWERS✔✔ Autocratic, or Theory X,
managers make the assumption that employees inherently dislike work
and prefer to be directed. These managers believe that because of their
dislike for work, most people must be controlled and threatened before
they will work hard enough and that the average human desires security
above everything.Participatory, or Theory Y, managers make the
assumption that employees are inherently trustworthy and can be self-
directed. They motivate staff with rewards and involvement in decision-
making. Participatory managers believe that the average employee
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