Cmca m100 exam - Study guides, Class notes & Summaries

CMCA M100 Exam Questions and Answers

CMCA - M100 Community Association Management Test Guide Exam with 100% Correct Answers 55 and older community - CORRECT ANSWER-Must have one person who is 55 years of age or older living in at least 80% of its occupied units. The community must be designated "55 and older" to qualify as this type of housing that legally prohibits children and limits occupancy to a certain age span. The designation process involves submitting applications and obtaining approval before any enforceme...

CMCA EXAM 2024 LATEST VERSIONS (3 EXAMS) WITH 300 QUESTIONS AND CORRECT VERIFIED ANSWERS/ CMCA REAL EXAM QUESTIONS AND ANSWERS GRADED A(BRAND NEW!) The primary purpose of a community association is to: A. Guarantee property tax benefits B. Protect the financial health of the owners C. Provide owners protection from municipal laws D. Deal with governance and business Which of the following has the greatest regulatory influence on the management of a community association? a. Federal ...

55 and older community - Answer- Must have one person who is 55 years of age or older living in at least 80% of its occupied units. The community must be designated "55 and older" to qualify as this type of housing that legally prohibits children and limits occupancy to a certain age span. The designation process involves submitting applications and obtaining approval before any enforcement of the ages of residents commences. Approval from the Department of Housing and Urban Development (HUD) ...

Negligence - ANSWERSfailure to exercise a duty of care Ethics - ANSWERSlearning right from wrong and doing the right thing. Duty of Care - ANSWERSexercising the skill and care a reasonable person would i a similar situation Duty of Loyalty - ANSWERSacting solely in another parties interests when administering their assets Acceleration - ANSWERSthe collection of all assessments due thru the end of the fiscal year accrual basis of accounting - ANSWERSaccounting method that records i...

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CMCA M100 Exam 2023