CMCA Practice Exam Questions With Complete Solutions
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Course
CMCA
Institution
CMCA
CMCA Practice Exam Questions With Complete Solutions
In preparing the association's annual financial report, many governing documents specify: - ANSWER- Retaining an independent certified public accountant
When a dispute is mediated, the uninvolved third party facilitates discussion and - ANS...
CMCA Practice Exam Questions With
Complete Solutions
In preparing the association's annual financial report, many governing documents
specify: - ANSWER- Retaining an independent certified public accountant
When a dispute is mediated, the uninvolved third party facilitates discussion and -
ANSWER- Assists both parties in reaching a mutually acceptable agreement
When developing a rule, it must be consistent with.... - ANSWER- Applicable statues
and governing documents
What would impact the operation of a newly installed entry control system? - ANSWER-
Communicating the access control policy to residents
The BOD receives its authority to perform its specific duties through the: - ANSWER-
governing documents
What has the greatest regulatory influence on the management of a community
association? - ANSWER- specific state statutes
What duty does the BOD and manager have to its members? - ANSWER- Loyalty
management conducts its day to day operation of the association in accordance with: -
ANSWER- contract
in an initial letter you send to an owner who has violated one of the associations
adopted rules, what is the best way to get the owner in compliance? - ANSWER- Offer
to meet to hear the owner's viewpoint
If you have a proprietary lease in a development, what is your best interest in the
property? - ANSWER- stock membership
a board exercises its fiduciary responsibility by: - ANSWER- establishing internal
controls.
the primary purpose of a community association is to - ANSWER- deal with governance
and business
in the hierarchy of a community associations governing documents, what is the highest
authority? - ANSWER- declaration
who has the ultimate responsibility for the care and maintenance of the common areas,
facilities, and physical property? - ANSWER- the board of directors
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