Cmca exam with complete - Study guides, Class notes & Summaries

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CMCA Sample Exam 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. deductible in the association's insurance policies is reimbursed. d. association will be covered for shortfalls in the re...

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CMCA Exam WITH 100% CORRECTLY REVISED 1. 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. certain documents bind all owners to be governed by the communit...

CMCA Practice Exam Questions With Complete Solutions In preparing the association's annual financial report, many governing documents specify: - ANSWER- Retaining an independent certified public accountant When a dispute is mediated, the uninvolved third party facilitates discussion and - ANSWER- Assists both parties in reaching a mutually acceptable agreement When developing a rule, it must be consistent with.... - ANSWER- Applicable statues and governing documents What would impac...

CMCA Exam Questions With Verified 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. certain documents bind all owners to be governed by the commun...

CMCA Sample Exam 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. correct answerA 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. deductible in the association's insurance policies is reimbursed. d. association will be covered for shortfalls i...