RCM - Admin Exam ACTUAL
QUESTIONS AND CORRECT ANSWERS
What are the three laws that protect condo owners when buying and living in a condo? - CORRECT
ANSWER Condominium Act, Condominium Management Services Act, and the Ontario New
Home Warranties Plan Act
What does the Condo Act do? - CORRECT ANSWER Regulates how condominium
corporations are created, owned, and governed
When did the Condominium Act, 1998 come into effect? - CORRECT ANSWER May 2001
What does the Condo Act entail? - CORRECT ANSWER Lays out the requirements for each of
the governing documents, how they are created and amended, and the requirement that they be
consistent with the Condo Act
What does the CMSA do? - CORRECT ANSWER Establishes rules that condo managers and
condo management companies must follow
What is the Ontario New Home Warranties Plan Act? - CORRECT ANSWER Establishes
deposit protection, warranty program, and dispute resolution with vendors
What is the CAO? - CORRECT ANSWER The Condominium Authority of Ontario
When was the CAO designated? - CORRECT ANSWER September 1 2017
What is the role of the CAO? - CORRECT ANSWER Aims to improve condominium living by
providing services and resources for condo owners, residents and directors
How is the CAO assessment fee calculated? - CORRECT ANSWER $12 per voting unit per
year
,What kind of services does the CAO offer? - CORRECT ANSWER Information, training for
directors, dispute resolution through the CAT
What is the CAT? - CORRECT ANSWER The Condominium Authority Tribunal
What does the CAT do? - CORRECT ANSWER It is an online dispute resolution system
What is the CMRAO? - CORRECT ANSWER Condominium Management Regulatory
Authority of Ontario
When was the CMRAO designated? - CORRECT ANSWER November 1 2017
What is the role of the CMRAO? - CORRECT ANSWER Oversees the legislative requirements
mandated by the CMSA, regulates and licenses managers and providers
How is a condominium created? - CORRECT ANSWER When the builder/declarant registers
the declaration with the land registry office
What are some of the documents that assist in the governance of a condominium? - CORRECT
ANSWER Declaration, By-laws, rules, policies
What is a declaration? - CORRECT ANSWER A legal document that creates a condominium
corporation
What can be found in a Declaration? - CORRECT ANSWER Introduction, common expenses,
common elements, units, maintenance and repairs
What are by-laws? - CORRECT ANSWER They describe how a condominium corporation will
govern itself
How would a Board implement a new By-law? - CORRECT ANSWER Approves the by-law at
a board meeting, approved by majority of owners at a meeting, registered on title with the Land Titles
Office
, What are rules? - CORRECT ANSWER Promote everyone's safety, security, and welfare
What must the Board do if they want to change a rule? - CORRECT ANSWER Provide owner's
with 30 days notice before it becomes effective
List the stages of a Development - CORRECT ANSWER Vision and acquisition, variance
application and rezoning, final approval
What kinds of individuals may be involved in a new Development? - CORRECT
ANSWER Developer, builder, architect, designer
What is a disclosure statement? - CORRECT ANSWER A document that the declarant must
provide when an individual purchases a unit
What is included in a disclosure package? - CORRECT ANSWER All proposed by-laws, rules,
declaration, agreements, and first years budget
What needs to be in place before a building can be occupied by residents? - CORRECT
ANSWER The builder needs to satisfy that there is running water and an operational fire
system
What are the two main types of condominiums? - CORRECT ANSWER Freehold and
leasehold
List the three freehold condominium categories - CORRECT ANSWER Standard, common
element, vacant land
What is a standard condominium corporation? - CORRECT ANSWER You own the unit and
have an interest in the property's common elements/assets
What is a common element condominium corporation? - CORRECT ANSWER There are no
units, owners enjoy the common elements and jointly fund their maintenance/repair
QUESTIONS AND CORRECT ANSWERS
What are the three laws that protect condo owners when buying and living in a condo? - CORRECT
ANSWER Condominium Act, Condominium Management Services Act, and the Ontario New
Home Warranties Plan Act
What does the Condo Act do? - CORRECT ANSWER Regulates how condominium
corporations are created, owned, and governed
When did the Condominium Act, 1998 come into effect? - CORRECT ANSWER May 2001
What does the Condo Act entail? - CORRECT ANSWER Lays out the requirements for each of
the governing documents, how they are created and amended, and the requirement that they be
consistent with the Condo Act
What does the CMSA do? - CORRECT ANSWER Establishes rules that condo managers and
condo management companies must follow
What is the Ontario New Home Warranties Plan Act? - CORRECT ANSWER Establishes
deposit protection, warranty program, and dispute resolution with vendors
What is the CAO? - CORRECT ANSWER The Condominium Authority of Ontario
When was the CAO designated? - CORRECT ANSWER September 1 2017
What is the role of the CAO? - CORRECT ANSWER Aims to improve condominium living by
providing services and resources for condo owners, residents and directors
How is the CAO assessment fee calculated? - CORRECT ANSWER $12 per voting unit per
year
,What kind of services does the CAO offer? - CORRECT ANSWER Information, training for
directors, dispute resolution through the CAT
What is the CAT? - CORRECT ANSWER The Condominium Authority Tribunal
What does the CAT do? - CORRECT ANSWER It is an online dispute resolution system
What is the CMRAO? - CORRECT ANSWER Condominium Management Regulatory
Authority of Ontario
When was the CMRAO designated? - CORRECT ANSWER November 1 2017
What is the role of the CMRAO? - CORRECT ANSWER Oversees the legislative requirements
mandated by the CMSA, regulates and licenses managers and providers
How is a condominium created? - CORRECT ANSWER When the builder/declarant registers
the declaration with the land registry office
What are some of the documents that assist in the governance of a condominium? - CORRECT
ANSWER Declaration, By-laws, rules, policies
What is a declaration? - CORRECT ANSWER A legal document that creates a condominium
corporation
What can be found in a Declaration? - CORRECT ANSWER Introduction, common expenses,
common elements, units, maintenance and repairs
What are by-laws? - CORRECT ANSWER They describe how a condominium corporation will
govern itself
How would a Board implement a new By-law? - CORRECT ANSWER Approves the by-law at
a board meeting, approved by majority of owners at a meeting, registered on title with the Land Titles
Office
, What are rules? - CORRECT ANSWER Promote everyone's safety, security, and welfare
What must the Board do if they want to change a rule? - CORRECT ANSWER Provide owner's
with 30 days notice before it becomes effective
List the stages of a Development - CORRECT ANSWER Vision and acquisition, variance
application and rezoning, final approval
What kinds of individuals may be involved in a new Development? - CORRECT
ANSWER Developer, builder, architect, designer
What is a disclosure statement? - CORRECT ANSWER A document that the declarant must
provide when an individual purchases a unit
What is included in a disclosure package? - CORRECT ANSWER All proposed by-laws, rules,
declaration, agreements, and first years budget
What needs to be in place before a building can be occupied by residents? - CORRECT
ANSWER The builder needs to satisfy that there is running water and an operational fire
system
What are the two main types of condominiums? - CORRECT ANSWER Freehold and
leasehold
List the three freehold condominium categories - CORRECT ANSWER Standard, common
element, vacant land
What is a standard condominium corporation? - CORRECT ANSWER You own the unit and
have an interest in the property's common elements/assets
What is a common element condominium corporation? - CORRECT ANSWER There are no
units, owners enjoy the common elements and jointly fund their maintenance/repair
