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CMCA Sample Exam questions and answers latest top score.

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CMCA Sample Exam questions and answers latest top score. CMCA Sample Exam questions and answers latest top score. CMCA Sample Exam questions and answers latest top score. CMCA Sample Exam questions and answers latest top score. CMCA Sample Exam questions and answers latest top score. CMCA Sample Ex...

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  • February 11, 2025
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • cmca
  • CMCA Sample
  • CMCA Sample
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knowledgeNest
x




CMCA Sample Exam questions and
x x x x




answers latest top score.
x x x x x

x
x
x
x
x
x
x
x
x
x
x

1. xQuorum xrequirements xconflicts xare xresolved
xby:
x
a. xstate

xstatute.
x
b. xthe xboard xof

xdirectors.
x
c. xa xvote xof xthose xpresent xat xa
xmeeting.


d. xappointment xof xa xperson xas xa xproxy. x- x x x
xANS. xA
x

2. xFidelity xinsurance xprovides xcoverage xto xensure xthat xthe: x
a. board xwill xmeet xits xfiduciary xobligations. x
b. manager xwill xfaithfully xfollow xall xdocument xprovisions. x
c. deductible xin xthe xassociation's xinsurance xpolicies xis xreimbursed. x
d. association xwill xbe xcovered xfor xshortfalls xin xthe xreserve xaccounts. x
e. association xwill xrecover xany xfunds xlost xthrough xemployee xdishonesty. x- x x x xANS.
xE x
x

3. xWhich xtype xof xmanagement xis xthe xprocess xof xoperating, xmaintaining, xrepairing,
xand x
x
replacing xcommon

xproperty?
x
a. xHuman

xResources
x
b. x


xFacilities


c.
xFinancial
x
d. xRisk x- x x x xANS.
xB
x

4. xThe xhigher xa xdocument's xplace xin xthe xhierarchy, xthe: x
a. harder xit xis xto ximplement. x

, b. greater xits xpower xwith xthe xboard. x
c. more xit xis xregulated xlegally. x
d. greater xits xlegal xweight xin xa xcourt xof xlaw. x- x x x xANS. xD x
x

5. xBased xon xwhich xtype xof xrequirements xwould xyou xchoose xa xcontractor xover
xthe x
x
association xto xcomplete

xwork?
x
a. xLow xurgency, xcosts xadequate xtools
xavailable
x
b. xHigh xurgency, xlow xsupervision xand xtraining xpossibly
xneeded

c. Requires xsupervision, xexpertise xrequired xand xlow xurgency x
d. Low xCosts, xhigh xurgency xand xborrowed xtools x- x x x xANS. xC x
x

6. xWho xis xrequired xto xbe xpresent xfor xan xannual xassociation xmembership xmeeting xto
xconduct xbusiness? x

a. The xtreasurer xand xthe xsecretary x
b. A xquorum xof xthe xboard xof xdirectors x
c. All xmembers xof xthe xboard xof xdirectors x
d. A xquorum xof xthe xmembers x- x x x xANS. xD x
x

Which xof xthe xfollowing xwould xa xcondominium xunit xmember's xpersonal xinsurance
xpolicy x
x
cover xwhen xit xis
xthe
x
primary xinsurance

xpolicy?
x
a. xWind xdamage xto xthe xroof xof xthe xmember's
xunit.


b. xBodily xinjury xdue xto xa xslip xand xfall xin xthe xcommon xarea xin xfront xof xthe xmember's
xunit.
x
c. xBodily xinjury xdue xto xthe xassociation xusing xthe xmember's
xautomobile.
x
d. xBodily xinjury xdue xto xa xslip xand xfall xwithin xa xmember's
xunit.
x
e. xFire xdamage xto xthe xassociation's xunimproved xcommon xwalls. x- x x x
xANS. xD
x

8. xCommunity xassociation xgoverning xdocuments xand xstate xstatutes xmay xrequire
xwho xto xbe xinvolved xin xpreparing xannual xreports? xa. xA xCPA x

b. The xowners x
c. An xad xhoc xcommittee x
d. The xmanagement xcompany x- x x x xANS. xA x
x

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