IREM - CPM (2025) ACTUAL EXAM comprehensive
questions and verified accurate solution (Detailed &
Elaborated) |get it 100% accurate!! 2025 TEST!!
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 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 learns, under proper
conditions, not only to accept but to seek responsibility.
Theory Z combines approaches from what two cultures? - (ANSWER)Theory Z
combines approaches from American and Japanese cultures.
What is the common equation used to understand employee performance? -
(ANSWER)A common equation used to understand employee performance is:
Ability x Motivation = Performance
What are the five stages of Maslow's hierarchy of needs? - (ANSWER)Maslow's
five stages are:
- Physiological/Basic
- Safety/Security
- Belonging/Social
- Esteem/Ego/Status
- Self-Actualization or Self-Fulfillment
questions and verified accurate solution (Detailed &
Elaborated) |get it 100% accurate!! 2025 TEST!!
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 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 learns, under proper
conditions, not only to accept but to seek responsibility.
Theory Z combines approaches from what two cultures? - (ANSWER)Theory Z
combines approaches from American and Japanese cultures.
What is the common equation used to understand employee performance? -
(ANSWER)A common equation used to understand employee performance is:
Ability x Motivation = Performance
What are the five stages of Maslow's hierarchy of needs? - (ANSWER)Maslow's
five stages are:
- Physiological/Basic
- Safety/Security
- Belonging/Social
- Esteem/Ego/Status
- Self-Actualization or Self-Fulfillment
