Cmca exam study guide - Study guides, Class notes & Summaries

CMCA STUDY GUIDE QUESTIONS WITH CORRECT DETAILED EXAM

CMCA study guide practice exam/53 Questions & Answers

CMCA Exam / Study Guide

Articles of incorporation - ANS Bring the corporation into existence, define its basic purposes and powers, indicate whether stock will be issued, and indicate whether there will be a board of directors Bylaws - ANS Formally adopted governing regulations for the administration and management of a community association CC & Rs (Covenants, Conditions & Restrictions) - ANS The governing documents that dictate how the homeowners association operates and what...

Bylaws - ANSWER-Formally adopted governing regulations for the administration and management of a community association CC & Rs (Covenants, Conditions & Restrictions) - ANSWER-The governing documents that dictate how the homeowners association operates and what rules the owners—and their tenants and guests — must obey. These legal documents might also be called the bylaws, the master deed, the houses rules or another name. These documents and rules are legally enforceable by the home...

1. Quorum requirements conflicts are resolved by: a. state statute b. the board of directors c. a vote of those present at a meeting d. appointment of a person as a proxy - A. 2. Fidelity insurance provides coverage to ensure that the: a. board will meet its fiduciary obligations. b. manager will faithfully follow all document provisions. c. association will be covered for shortfalls in the reserve accounts. d. association will recover any funds lost through employee dishonesty. - D ...

CMCA EXAM, PRACTICE EXAM AND STUDY GUIDE LATEST ACTUAL EXAM 100 QUESTIONS AND CORRECT DETAILED ANSWERS each of the following are key characteristics of community associations except: a. mandatory Lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association b. membership in the community association is mandatory and automatic for all owners c. a requirement of community association ownership is attending board meetings d. ...

CMCA Exam Study Guide 2023 with complete solution