Which of the following terms refers to the fees collected from condominium managers and related businesses?

The term that accurately refers to the fees collected from condominium managers and related businesses is licensing fees. Licensing fees are imposed by regulatory bodies to ensure that individuals or companies comply with legal requirements and maintain certain standards within the condominium management sector. These fees support the oversight and regulation of condominium management practices, helping to ensure that managers are qualified and that the interests of condominium owners are protected.

Operational costs refer to the day-to-day expenses incurred in the running of a condominium, while administrative fees typically pertain to costs associated with managing the administration of the condominium itself, such as bookkeeping or office expenses. Service payments usually refer to charges for specific services provided to the condominium or its residents, rather than fees for licensing or compliance. These distinctions are important in understanding the scope and nature of different financial obligations in condominium management.