CCS Cheat Sheet 2026

The 30 highest-yield CCS facts, distilled from real exam questions. Print it, save it as a PDF, or study it here — free, no sign-up.

1. What is evidence-based practice in CCS Real Estate Law & Regulations? → Integrating research evidence with expertise and client needs
2. A 'material alteration' to common elements in a condominium typically requires: → Approval by a specified percentage of unit owners per the governing documents
3. What role do standard operating procedures play in CCS Marketing & Sales Strategies? → Ensuring consistency and quality through documented instructions
4. What is the primary purpose of a condominium association's reserve fund? → To fund future major repairs and replacements of common elements
5. Under the 'straight-line' reserve funding method, the annual contribution for a component is calculated by: → Dividing total replacement cost by total useful life
6. If a unit owner fails to pay assessments, the association's FIRST enforcement step is typically to: → Send a formal delinquency notice per the collections policy
7. Which fiduciary duty requires a condo board member to act in the best interest of all unit owners rather than their personal interest? → Duty of Loyalty
8. Which economic indicator is most directly correlated with condominium price appreciation in urban markets? → Local employment growth and wage trends
9. A condo owner wants to convert a leased unit back to owner-occupancy. The tenant has 8 months remaining on a fixed-term lease. What must the owner do? → Honor the remaining lease term before reclaiming the unit
10. Under CCS standards, what must an agent do when a seller instructs them NOT to disclose that the condo association is involved in litigation? → Refuse the instruction and disclose the litigation as a material fact
11. A fully funded reserve means the association has saved enough to: → Replace each component at the end of its useful life without a special assessment
12. If an association's declaration is silent on a particular governance issue, the board should look next to: → The association's bylaws
13. Which coverage protects a condominium association against lawsuits alleging wrongful acts by board members or officers? → Directors and Officers (D&O) liability insurance
14. How does professional liability insurance protect CCS practitioners? → Covering financial losses from claims of negligence or errors
15. A unit owner wants to rent their unit but the association bylaws require board approval of all tenants. The board can LEGALLY reject a tenant based on: → Criminal history showing conviction for property damage
16. A CCS-designated agent is representing both the buyer and the seller in a condominium transaction. This arrangement is known as: → Dual agency
17. What is the importance of continuing education for CCS professionals in Fair Housing Laws? → Maintaining current knowledge and adapting to industry changes
18. A prospective condo buyer uses a guide dog. The association's no-animals policy allows the association to: → Permit the guide dog as a reasonable accommodation without additional fees
19. When a condominium unit is sold, who is responsible for unpaid assessments owed by the previous owner under most state statutes? → The new owner may be liable for a limited amount of unpaid assessments per state law
20. A condominium developer sets aside a building exclusively for residents who are 62 years of age or older. Under HOPA, this community: → Qualifies as a 62-or-older community exempt from the familial status provisions
21. What role do standard operating procedures play in CCS Fair Housing Laws? → Ensuring consistency and quality through documented instructions
22. Under the Condominium Act, what is the primary legal document that creates a condominium and must be recorded with the county? → Declaration of Condominium
23. Petty cash funds maintained by a condominium association should be: → Reconciled regularly and supported by receipts for each expenditure
24. An association board that approves expenditures significantly exceeding the approved budget line items without owner approval may be violating: → Fiduciary duty and governing document spending limits
25. Which of the following is NOT typically a line item in a condominium operating budget? → Roof replacement costs
26. A condominium sales agent accepts a gift card from a title company after referring several closings to them. Under RESPA, this is: → Prohibited as an illegal kickback for referrals
27. A condominium association's manager tells a Black prospective buyer that no units are available when in fact units are listed for sale. This is an example of: → Misrepresentation / racial discrimination
28. Which financial statement shows a condominium association's assets, liabilities, and equity at a specific point in time? → Balance sheet
29. What is the primary purpose of a condominium project review (such as Fannie Mae's PERS process)? → To evaluate the financial health and eligibility of the condo project for agency financing
30. A condominium developer wants to create urgency among prospective buyers. Which sales tactic best achieves this ethically? → Offering a limited-time incentive tied to a specific contract deadline