Strata Management Licensing Practice Exam · Question
Contingency Reserve Fund minimum contribution annually:
Regulation 6.1. The correct answer is "At least 10% of operating budget until 25%". This reflects the accepted standard for the strata-management assessment and
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Question: Contingency Reserve Fund minimum contribution annually:
Answer options: ✅ At least 10% of operating budget until 25%
- 100%
- No requirement
- 1%
Correct answer: At least 10% of operating budget until 25%
Explanation: Regulation 6.1. The correct answer is "At least 10% of operating budget until 25%". This reflects the accepted standard for the strata-management assessment and aligns with the official handbook for this competency.
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