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CMCA EXAM 2023 REAL EXAM 170 QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS) AGRADE
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CMCA EXAM 2023 REAL EXAM 170 QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS) AGRADE
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CMCA EXAM 202 3 REAL EXAM 1 70 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |AGRADE Why are special membership meetings held? - ANSWER -To conduct specific business Executive sessions should typically be used for discussing which of the following issues: - ANSWER -Member's delinquency Which of the following is a duty of a manager attending a board meeting? - ANSWER -Be the time keeper. If the governing documents and laws present conflicting notice periods, follow: - ANSWER -Follow state laws If an owner fails to receive notice of a meeting, the association is not responsible if the owner: - ANSWER -Did not notify the association of their current address. Board meeting minutes should include which of the following: - ANSWER -Exact wording of each motion. If a proxy vote needs to be approved, the best option for an approver would be: - ANSWER -The secretary. Where would a manager find guidelines regarding the association's responsibility for maintaining physical assets? - ANSWER -Board resolutions. The primary management control tool for identifying whether the association needs to maintain a particular property element is: - ANSWER -Maintenance responsibility chart. To determine which physical assets must be maintained by the association, the manager should: - ANSWER -Review the association governing documents. Which of the following is a common management control for ensuring maintenance work is performed in a timely manner? - ANSWER -A work order/response form. When monitoring maintenance of an association's swimming pool, which of the following should be entered into a permanent log at regular intervals? - ANSWER -Chlorine level readings. Which of the following is an example of an association control system? - ANSWER -
Frequent neighborhood inspections. A work order: - ANSWER -Assigns maintenance tasks. Which type of maintenance should be managed with a routine maintenance contract? - ANSWER -Cutting the grass Which method is the best alternative to increasing assessments? - ANSWER -Increasing income by charging higher user fees. When the Board reviews the proposed budget for approval, what should it consider? - ANSWER -The financial position of the association. What is the primary source of requirements when developing the association's annual maintenance budget? - ANSWER -Governing documents. When an association contracts out all of its service and has no employees, it is a best business practice to: - ANSWER -Negotiate contracts within the bidding process. Directors and officers liability insurance is designed to cover claims resulting from: - ANSWER -Wrongful acts of employees of the association. A component of building ordinance insurance coverage includes: - ANSWER -Extra demolition. Which of the following types of insurance coverage is one of limited value to a community association? - ANSWER -Assessment fee receivable What section of an insurance policy describes the coverage limits, deductibles, policy period, and premium? - ANSWER -Declaration page(s To provide for payment of the insurance deductible, you would: - ANSWER -Allow for costs in the operating budget. Liability claims should be sent to the insurer: - ANSWER -Without admitting negligence. What does "Co -Insurance" obligate the Association to do? - ANSWER -Maintain certain limits of insurance Legal review prior to executing a contract will assist the association in the event that: - ANSWER -The board has questions or concerns. In older condominiums, an association should have what type of contract covering mechanical equipment? - ANSWER -Preventive maintenance. Rather than describing the scope of work in detail in the contract, a manager may: - ANSWER -Attach bid specifications. Alternative dispute resolution includes which of the following methods? - ANSWER -
Mediation. Employment contracts need not include: - ANSWER -Interests.
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