Community Association Management Questions And Answers Latest Top Score.

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Community Association Management
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Questions And Answers Latest Top Score.
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- x xcorrect xanswer. x x x
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Does xa xcondo xowner xwho xmanages xhis xown xcommunity xon xa xpart-time xbasis xneed xa
xreal x
x
estate xlicense? x- x xcorrect xanswer. x
xNo
x

Does xa xCPA xwho xcollects xassociation xassessments xneed xa xreal xestate
xlicense? x-
x
correct xanswer. x
xNo
x

Does xa xperson xworking xfor xa xmanagement xcompany xand xmanaging xonly xone
xassociation x
x
need xa xreal xestate xlicense? x- x xcorrect xanswer. x
xYes
x

Does xa xdeveloper's xemployee xwho xmanages xall xof xthe xdeveloper's xcommunities
xuntil x
x
turnover xneed xa xreal xestate xlicense? x- x xcorrect xanswer. x
xNo
x

Does xa xhomeowner xhired xby xtwo xcommunities xnearby xthe xhomeowner's
xcommunity x
x
need xa xreal xestate xlicense? x- x xcorrect xanswer. x
xYes
x

Does xa xcondominium xowner xwho xmanages xhis xown xcommunity xon xa xfull-time xbasis
xneed x
x
a xreal xestate xlicense? x- x xcorrect xanswer. x
xNo
x

, Does xa xperson xhired xby xa xBroker xto xmanage xnumerous xmandatory xassociations
xneed xa x
x
real xestate xlicense? x- x xcorrect xanswer. x
xYes
x

Does xa xCPA xwho xwrites xchecks xto xassociation xvendors xand xprofessionals xneed xa
xreal x
x
estate xlicense? x- x xcorrect xanswer. x
xNo
x

Does xa xnon-owner xhired xby xa xBroker xto xmanage xone xcommunity xon-site xon xa xfull-
time x
x
basis xneed xa xreal xestate xlicense? x- x xcorrect xanswer. x
xYes
x

Does xa xmaintenance xman xworking xfor xthe xmanagement xcompany xneed xa xreal
xestate x
x
license? x- x xcorrect xanswer. x
xNo
x

Does xa xCPA xwho xdoes xassociation xtax xreturns xneed xa xreal xestate xlicense? x- x

xcorrect x
x
answer. x

xNo
x

Does xa xperson xworking xfor xa xBroker xmanaging xnumerous xvoluntary xassociations
xneed xa x
x
real xestate xlicense? x- x xcorrect xanswer. x
xYes
x

Name x5 xrequirements xof xa xqualifying xBroker. x- x xcorrect xanswer. x
xOwner/officer/partner xof xcompany, xActive xlicense xfor x3 xyrs., xSignatory xon xall xtrust

xaccounts xheld xby xcompany, x21 xyears xold, xable xto xbind xcompany, xHS xgraduate xor

xequivalent, xliable xfor xall xaffiliated xlicensees, xpassed x60 xhour xbroker xclass xexam,

xpassed xstate xbroker's xexam x
x

Agreements xbetween xlicensed xmanagement xcompanies x and x community
xassociations x
x
must xcontain xa: x- x xcorrect xanswer. x xTerm x(length)
xclause
x

A xManagement xCompany xmust xbe xcovered xby xa xfidelity xbond xwhen? x- x xcorrect
xanswer. x x
x
The xbroker xcollects, xmaintains, xcontrols, xhas xaccess xto, xor xdisburses
xcommunity
x
association xfunds xtotaling xmore xthan
x$60,000.