Humber/Ontario Real Estate Course 2 Exam Practice

What must happen for a new rule by the condominium board to be effective immediately?

1. Approval by 60% of owners

2. Court approval

3. Immediate board approval suffices

4. No subsequent meeting within 30 days

5. No dissenting votes

6. Signature from the condo president

The correct answer is: No subsequent meeting within 30 days

For a new rule by the condominium board to be effective immediately, there should be no subsequent meeting within 30 days. This means that if there is no meeting called within 30 days after the rule is proposed or approved, the new rule will go into effect without any further delay or waiting period. Options A, B, C, E, and F are incorrect because they do not directly address the requirement for the rule to be effective immediately without waiting for a subsequent meeting within 30 days. These options involve different approval processes (such as court approval, board approval, president's signature, or majority owner approval) or lack of dissenting votes, which may be relevant in other contexts but are not specifically related to the immediate effectiveness of a new rule without further delay.