LCAM 2 – Community Association Management Study Guide, Key Concepts and Exam
Preparation
An election of the board of directors of a condominium association is required if there are - ANS
✔✔more candidates than there are seats available.
A community manager informed a co-op unit owner that there was a $0.10 per-page fee to
obtain a copy of the association's insurance policy. The manager's action is - ANS ✔✔legal,
because the association may charge a reasonable fee to make or obtain copies of this official
record.
The association's accounting records must be available for inspection for - ANS ✔✔the previous
7 years.
The official records of a condominium or cooperative must be retained - ANS ✔✔in the
association's office or with an association officer.
The representative entity ultimately responsible for the management of the association is the -
ANS ✔✔board of directors.
When does a resignation by a director of a nonprofit corporation become effective? - ANS
✔✔the date of delivery of the resignation to the association, unless otherwise stated in the
resignation notice
A community association must hold an Annual Meeting of its members - ANS ✔✔at least once a
year, within 45 miles of the association property or within the same county.
Which of the following actions by a condominium association's director is NOT considered a
criminal or illegal activity? - ANS ✔✔The director makes a mistake while acting in a manner he
or she considers prudent and reasonable.
, A website is required for a condominium - ANS ✔✔when there are 150 or more units in the
condominium
In a homeowner's association board meeting at which an item has been added to the agenda by
a unit owner petition of 20%, the subject item must be - ANS ✔✔included on the agenda for
the next board meeting or special meeting within 60 days.
Robert's Rules of order are useful during meetings to facilitate - ANS ✔✔proper conduct of
business.
The board of a condominium or cooperative association shall NOT create any committee for
which purpose? - ANS ✔✔nominating a candidate for the board of directors
Balloting procedures in a homeowner's association - ANS ✔✔require the use of inner and outer
envelopes, and secret ballots.
A new matter arises at a condominium association board meeting. The topic is not an
emergency and is not listed on the agenda for that meeting. When should the board of directors
take action on this new matter? - ANS ✔✔at a subsequent board meeting with the matter on
the agenda
A condominium association member's right to vote in community affairs may be - ANS
✔✔assigned through the use of a proxy.
Board-appointed committees are NOT responsible for - ANS ✔✔taking final action on behalf of
the board.
When recalled, director(s) must return all association records in their control - ANS ✔✔within
10 business days.
Preparation
An election of the board of directors of a condominium association is required if there are - ANS
✔✔more candidates than there are seats available.
A community manager informed a co-op unit owner that there was a $0.10 per-page fee to
obtain a copy of the association's insurance policy. The manager's action is - ANS ✔✔legal,
because the association may charge a reasonable fee to make or obtain copies of this official
record.
The association's accounting records must be available for inspection for - ANS ✔✔the previous
7 years.
The official records of a condominium or cooperative must be retained - ANS ✔✔in the
association's office or with an association officer.
The representative entity ultimately responsible for the management of the association is the -
ANS ✔✔board of directors.
When does a resignation by a director of a nonprofit corporation become effective? - ANS
✔✔the date of delivery of the resignation to the association, unless otherwise stated in the
resignation notice
A community association must hold an Annual Meeting of its members - ANS ✔✔at least once a
year, within 45 miles of the association property or within the same county.
Which of the following actions by a condominium association's director is NOT considered a
criminal or illegal activity? - ANS ✔✔The director makes a mistake while acting in a manner he
or she considers prudent and reasonable.
, A website is required for a condominium - ANS ✔✔when there are 150 or more units in the
condominium
In a homeowner's association board meeting at which an item has been added to the agenda by
a unit owner petition of 20%, the subject item must be - ANS ✔✔included on the agenda for
the next board meeting or special meeting within 60 days.
Robert's Rules of order are useful during meetings to facilitate - ANS ✔✔proper conduct of
business.
The board of a condominium or cooperative association shall NOT create any committee for
which purpose? - ANS ✔✔nominating a candidate for the board of directors
Balloting procedures in a homeowner's association - ANS ✔✔require the use of inner and outer
envelopes, and secret ballots.
A new matter arises at a condominium association board meeting. The topic is not an
emergency and is not listed on the agenda for that meeting. When should the board of directors
take action on this new matter? - ANS ✔✔at a subsequent board meeting with the matter on
the agenda
A condominium association member's right to vote in community affairs may be - ANS
✔✔assigned through the use of a proxy.
Board-appointed committees are NOT responsible for - ANS ✔✔taking final action on behalf of
the board.
When recalled, director(s) must return all association records in their control - ANS ✔✔within
10 business days.
