Community Association Management Practice Test – HOA Management Exam Questions and Study Review

Community Association Management Practice Test – HOA
Management Exam Questions and Study Review


Example questions

1.

What is the term used to describe the order of importance among governing documents in
community associations?

 Regulation

 Hierarchy

 Policy

 Quorum

2.

Which document outlines the maintenance responsibilities of both the owner and the
association in a community association?

 the plat map

 the state statute

 the lease

 the declaration

3.

Which of the following is NOT a goal of maintenance in a community association?

 Limiting injury to residences, guests and employees

 Increasing the association's profits

 Preserving and enhancing the common property

 Meeting the needs of the residences

4.

If a community association fails to prepare a cash flows statement as required by GAAP, what
potential consequences might it face?