bundled cam test exam with answers

An association should establish reserves for - (a) Because associations may be able to avoid or reduce large special assessments. An association should establish reserves for - (c) Because associations may be able to avoid or reduce large increases in regular assessments. An association should...

A Community Association is generally defined as real or personal property, owned by two or more entities, which share the responsibility for the costs of maintenance and administration - True Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purchase ...

A Community is defined as - Real or personal property owned by two or more entities, with a "legally binding agreement (covenant) to share responsibility and costs for maintenance and administration of property, assets, and association, and with specific rights granted to the members. Community ...

After purchasing the mobile home park, the residents form a community association and hire a paid manager. The manager must be licensed under Part VIII of Chapter 468 if the budget of the association exceeds: A.$50,000 B.$75,000 C.$100,00 D.$125,000 - C. A type of joint ownership of real esta...

A. Holdover rent B. Unpaid Rent C. Background Check fee D. Eviction fees - All of the following expenses can be deducted from the security deposit of a resident EXCEPT. Who should complete a rental application? - A. Prospective resident B. Property Manager C. Minor occupant D. Leasing Agent ...

acceptable forms of income verification - 1. offer letter 2. most recent years tax record 3. three most recent bank statements when speaking to prospects of other cultures - 1. avoid negative phrasing 2. choose vocabulary carefully 3. watch for signs that statements have been misunderstood ...

All of the following expenses can be deducted from the security deposit of a resident EXCEPT: - Background check fees. Who should complete a rental application? - Prospective resident Which reason BEST describes why it is important for an apartment manager to paraphrase a resident's remarks d...