Property Ownership
Under New Jersey law, a condominium association's power to levy special assessments for major repairs is governed by:
AThe NJ Multiple Listing Service bylaws
BThe NJ Condominium Act and the association's master deed and bylaws✓ Correct
CNJREC regulations exclusively
DFederal condominium standards
Explanation
The NJ Condominium Act (N.J.
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