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Random CMCA Practice Test Questions and answers Updated 2025/26
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Random CMCA Practice Test Questions and answers Updated 2025/26Random CMCA Practice Test Questions and answers Updated 2025/26Random CMCA Practice Test Questions and answers Updated 2025/26Random CMCA Practice Test Questions and answers Updated 2025/26Random CMCA Practice Test Questions and an...

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  • March 7, 2025
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  • 2024/2025
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Random CMCA Practice Test Questions and
answers Updated 2025/26
Which of the following is a common management control for ensuring maintenance work is performed in
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a timely manner?
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A. A purchase order system
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B. An equipment warranties
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C. A work order/response form
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D. A contractor's invoice - Correct Answers C. A work order/response form - A, B, and D speak to
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elements OTHER than a control to ensure maintenance work is completed.
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The primary management control tool for identifying whether the association needs to maintain a
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particular property element is:
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A. Physical inspections
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B. Association bylaws
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C. Maintenance responsibility chart
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D. Community asset inventory - Correct Answers C. Maintenance responsibility chart along, with the
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governing documents, defines parameters of association maintenance responsibility.
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The other answers have no bearing on necessity of maintenance or maintenance responsibility.
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In what type of a contract would a waiver of lien by recommended?
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A. Repair of the HVAC system
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B. Re-roofing the buildings
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C. Repair of the pool pump
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D. Annual tree pruning - Correct Answers B. Re-roofing the buildings - Large contracts involving
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significant material purchase and/or use of sub-contractors commonly include lien waivers and should be
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recommended to the board.
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,A, C, and D typically do not include significant material purchases or the use of sub-contractors so a waiver
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of lien is not necessary.
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What does "Co-Insurance" obligate the Association to do?
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A. Pay the deductible
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B. Maintain certain limits of insurance
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C. Cover the depreciated value of all association buildings
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D. Provide insurance for homeowners - Correct Answers B. Maintain certain limits of insurance - Co-
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insurance seeks to the limits of insurance in place at the time of a loss and speaks to insurance obligation
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for the parties involved in the claim.
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When an association contracts out all of its services and has no employees, it is a best business practice
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to:
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A. Negotiate contracts within the bidding process.
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B. Purchase employment practices liability insurance.
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C. Assume the contractors carry their own insurance coverage.
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D. Increase the coverage under the D&O insurance policy. - Correct Answers A. Negotiate contracts
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within the bidding process.
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If an owner fails to receive notice of a meeting, the association is not responsible if the owner:
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A. Did not notify association of their current address.
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B. Does not usually attend the meetings.
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C. Already signed the petition to call the meeting.
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D. Shares title with multiple owners. - Correct Answers A. Did not notify association of their current
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address. It is the owner's responsibility to provide current contact information to Management.
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, What is the primary source of requirements when developing the association's annual maintenance
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budget?
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A. Governing documents
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B. State law
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C. Annual audit
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D. Reserve Study - Correct Answers A. Governing documents
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The best reasoning for recommending the modified accrual accounting method is that, compared to cash
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accounting, it:
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A. Will make future audit work more accurate.
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B. More accurately reflects the association's financial condition.
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C. Is more easily understood by board members.
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D. Can be accomplishment more quickly. - Correct Answers B. More accurately reflects the association's
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financial condition. Under the modified accrual basis, also sometimes referred to as modified cash basis,
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some accounts, such as assessment income, are maintained on the accrual basis and other accounts, such
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as interest or other miscellaneous income accounts, and some expenses, such as miscellaneous repairs,
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are maintained on a cash basis. The accrual of major expenses in particular, such as a contract for
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landscaping, trash removal, etc., regardless of non-receipt invoices, gives the read a much more accurate
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depiction of the association's financial standing, as the accruals serve to alert the reader to recognition of
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obligations that the association must meet.
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TRUE OR FALSE: II! II!




The basic authority in a community association lies with the developer. - Correct Answers FALSE
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The board of directors in a community association has a _____________ to act in the best interests and
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for the benefit of the community as a whole.
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a. bond
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b. fiduciary duty
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