Ontario Condominium Management Regulatory
Authority (CMRAO) Licensing Exam Practice
Questions And Correct Answers
1. The Primary Mandate Of The Condominium Management
Regulatory Authority Of Ontario (Cmrao) Is To:
A. Advocate For Condominium Managers
B. Represent Condominium Corporations In Disputes
C. License And Regulate Condominium Managers And
Management Providers
D. Set Condominium Maintenance Fees
Correct Answer: C
Rationale: The Cmrao’s Role Is To Protect The Public By Licensing And
Regulating Condominium Managers And Providers Under Ontario Law.
2. Which Ontario Statute Governs Condominium Management
Licensing And Regulation?
A. Condominium Act, 1998
B. Residential Tenancies Act
C. Condominium Management Services Act, 2015
D. Business Corporations Act
Correct Answer: C
Rationale: The Condominium Management Services Act (Cmsa), 2015
,Establishes Cmrao And The Licensing Framework.
3. A Condominium Manager Owes Which Primary Duty To A
Condominium Corporation?
A. Maximize Profit
B. Follow Board Instructions Only
C. Act Honestly, With Integrity, And In Good Faith
D. Avoid Liability At All Costs
Correct Answer: C
Rationale: Managers Must Act Honestly And In Good Faith, Exercising
Reasonable Care And Skill.
4. Which Of The Following Is Not A Class Of Cmrao Licence?
A. Transitional General Licence
B. Limited Licence
C. General Licence
D. Broker Licence
Correct Answer: D
Rationale: Broker Licences Apply To Real Estate, Not Condominium
Management.
5. A Limited Licence Holder May:
, A. Operate Independently
B. Supervise Other Managers
C. Perform Condo Management Duties Under Supervision
D. Sign Management Contracts
Correct Answer: C
Rationale: Limited Licence Holders Must Work Under The Supervision Of
A General Licence Holder.
6. A Condominium Corporation’s Board Of Directors Is Elected By:
A. The Property Manager
B. Cmrao
C. Unit Owners
D. The Developer
Correct Answer: C
Rationale: Unit Owners Elect Directors At A Duly Called Owners’ Meeting.
7. Which Document Outlines The Physical Boundaries Of Units
And Common Elements?
A. Rules
B. By-Laws
C. Declaration
D. Management Agreement
Correct Answer: C
, Rationale: The Declaration Defines Unit Boundaries, Common Elements, And
Ownership Interests.
8. What Quorum Is Generally Required For Owners’ Meetings Under
The Condominium Act?
A. 25%
B. 50%
C. 66⅔%
D. 75%
Correct Answer: B
Rationale: A Majority Of Owners (50%) Is The Standard Quorum Unless
Otherwise Specified.
9. Reserve Fund Studies Must Generally Be Conducted At Least Every:
A. 2 Years
B. 3 Years
C. 4 Years
D. 5 Years
Correct Answer: B
Rationale: Ontario Requires Reserve Fund Studies Every Three Years.
10. The Purpose Of A Reserve Fund Is To Pay For:
A. Daily Operating Expenses
Authority (CMRAO) Licensing Exam Practice
Questions And Correct Answers
1. The Primary Mandate Of The Condominium Management
Regulatory Authority Of Ontario (Cmrao) Is To:
A. Advocate For Condominium Managers
B. Represent Condominium Corporations In Disputes
C. License And Regulate Condominium Managers And
Management Providers
D. Set Condominium Maintenance Fees
Correct Answer: C
Rationale: The Cmrao’s Role Is To Protect The Public By Licensing And
Regulating Condominium Managers And Providers Under Ontario Law.
2. Which Ontario Statute Governs Condominium Management
Licensing And Regulation?
A. Condominium Act, 1998
B. Residential Tenancies Act
C. Condominium Management Services Act, 2015
D. Business Corporations Act
Correct Answer: C
Rationale: The Condominium Management Services Act (Cmsa), 2015
,Establishes Cmrao And The Licensing Framework.
3. A Condominium Manager Owes Which Primary Duty To A
Condominium Corporation?
A. Maximize Profit
B. Follow Board Instructions Only
C. Act Honestly, With Integrity, And In Good Faith
D. Avoid Liability At All Costs
Correct Answer: C
Rationale: Managers Must Act Honestly And In Good Faith, Exercising
Reasonable Care And Skill.
4. Which Of The Following Is Not A Class Of Cmrao Licence?
A. Transitional General Licence
B. Limited Licence
C. General Licence
D. Broker Licence
Correct Answer: D
Rationale: Broker Licences Apply To Real Estate, Not Condominium
Management.
5. A Limited Licence Holder May:
, A. Operate Independently
B. Supervise Other Managers
C. Perform Condo Management Duties Under Supervision
D. Sign Management Contracts
Correct Answer: C
Rationale: Limited Licence Holders Must Work Under The Supervision Of
A General Licence Holder.
6. A Condominium Corporation’s Board Of Directors Is Elected By:
A. The Property Manager
B. Cmrao
C. Unit Owners
D. The Developer
Correct Answer: C
Rationale: Unit Owners Elect Directors At A Duly Called Owners’ Meeting.
7. Which Document Outlines The Physical Boundaries Of Units
And Common Elements?
A. Rules
B. By-Laws
C. Declaration
D. Management Agreement
Correct Answer: C
, Rationale: The Declaration Defines Unit Boundaries, Common Elements, And
Ownership Interests.
8. What Quorum Is Generally Required For Owners’ Meetings Under
The Condominium Act?
A. 25%
B. 50%
C. 66⅔%
D. 75%
Correct Answer: B
Rationale: A Majority Of Owners (50%) Is The Standard Quorum Unless
Otherwise Specified.
9. Reserve Fund Studies Must Generally Be Conducted At Least Every:
A. 2 Years
B. 3 Years
C. 4 Years
D. 5 Years
Correct Answer: B
Rationale: Ontario Requires Reserve Fund Studies Every Three Years.
10. The Purpose Of A Reserve Fund Is To Pay For:
A. Daily Operating Expenses
