CMCA - Community Association Management 100% Correct
9 views 0 purchase
Course
CMCA
Institution
CMCA
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
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
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Lecchris. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R185,81. You're not tied to anything after your purchase.
