Which regulatory body oversees compliance in condominium management?

The correct answer is the Condominium Management Regulatory Authority of Ontario (CMRAO) because it is the established regulatory body specifically tasked with overseeing the compliance and enforcement of the rules and regulations governing condominium management in Ontario. The CMRAO ensures that property managers and management companies operate according to the laws outlined in the Condominium Management Services Act, which includes licensing requirements, standards of practice, and ensuring consumer protection.

The authority also manages the licensing and regulatory framework for condominium managers, ensuring they are qualified and adhere to ethical management practices. By overseeing compliance, the CMRAO plays a crucial role in maintaining professional standards within the industry, which ultimately benefits condominium corporations and their residents.

Other options may relate to housing or other regulatory functions, but they do not have the specific mandate or authority that the CMRAO possesses in relation to condominium management. The CMRAO is the recognized authority in this field, making it the correct choice for this question.