CMCA - Community Association
Management 100% Correct
Ad hoc committee - ANSWER used when an objective needs consideration and no
standing committee can absorb that issue; short-term basis
board liaison system - ANSWER directors assigned to certain committees to guide the
committee on Board policy and procedures and to report back to the board
fiduciary duty - ANSWER requires directors to act in the best interest and for the benefit
of the corporation
management audit - ANSWER a review of governing docs and existing policies and
procedures, current condition of the property, owner/resident satisfaction, and fiscal
operations
management audit - ANSWER can be done by the board and manager together OR a
third-party consultant
standing committee - ANSWER have a continued existence and are not related to the
accomplishment of a specific, once-only task
Gives BOD rights to act on owner's behalf - ANSWER - specific state statutes
- general state statutes
- declaration
- articles
- bylaws
- gov. docs
Primary role/responsibility of owners - ANSWER - pay assessments
- read/comply with docs
- treat leaders w/respect and honesty
- vote in community elections
- contact leaders regarding financial obligations
- maintain property according to est. standards
BOD's role - ANSWER - set policies and procedures
- fiduciary duty
- responsible for making and enforcing rules
Management is... - ANSWER planning, leading, organizing and controlling
Defines management authority and responsibility - ANSWER - gov. docs
- management contract
Management 100% Correct
Ad hoc committee - ANSWER used when an objective needs consideration and no
standing committee can absorb that issue; short-term basis
board liaison system - ANSWER directors assigned to certain committees to guide the
committee on Board policy and procedures and to report back to the board
fiduciary duty - ANSWER requires directors to act in the best interest and for the benefit
of the corporation
management audit - ANSWER a review of governing docs and existing policies and
procedures, current condition of the property, owner/resident satisfaction, and fiscal
operations
management audit - ANSWER can be done by the board and manager together OR a
third-party consultant
standing committee - ANSWER have a continued existence and are not related to the
accomplishment of a specific, once-only task
Gives BOD rights to act on owner's behalf - ANSWER - specific state statutes
- general state statutes
- declaration
- articles
- bylaws
- gov. docs
Primary role/responsibility of owners - ANSWER - pay assessments
- read/comply with docs
- treat leaders w/respect and honesty
- vote in community elections
- contact leaders regarding financial obligations
- maintain property according to est. standards
BOD's role - ANSWER - set policies and procedures
- fiduciary duty
- responsible for making and enforcing rules
Management is... - ANSWER planning, leading, organizing and controlling
Defines management authority and responsibility - ANSWER - gov. docs
- management contract
