IREM – CPM Final Exam AND PRACTICE Exam 2025-
2026 With Complete Questions and Correct
Answers | Graded A+ | Verified Answers And
Brand New
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? - answer-
-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? - answer--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. - answer--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. - answer--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. - answer--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? - answer--
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 - answer--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. - answer--The benefit of a detailed
management agreement lies in part in that it clarifies to whom the
Managing Agent reports.
, What is active listening? - answer--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? - answer--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"? -
answer--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"? - answer--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? - answer--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
2026 With Complete Questions and Correct
Answers | Graded A+ | Verified Answers And
Brand New
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? - answer-
-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? - answer--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. - answer--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. - answer--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. - answer--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? - answer--
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 - answer--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. - answer--The benefit of a detailed
management agreement lies in part in that it clarifies to whom the
Managing Agent reports.
, What is active listening? - answer--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? - answer--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"? -
answer--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"? - answer--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? - answer--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
