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CMCA M100 EXAM NEWEST 2026
ACTUAL EXAM TEST BANK| M100 CMCA
EXAM REVIEW WITH COMPLETE 350
REAL EXAM QUESTIONS AND CORRECT
VERIFIED ANSWERS/ ALREADY GRADED
A+ (MOST RECENT!!)
GOVERNANCE AND OPERATIONS
1. What are the three most common types of community associations?
A. Condominiums, Townhomes, and Single-Family Homes
B. Condominiums, Homeowners Associations (HOAs), and Cooperatives (Co-ops)
C. Planned Unit Developments, Mobile Home Parks, and Timeshares
D. Master Associations, Sub-Associations, and Property Owners Associations
Correct Answer: B
Rationale: The three most common types of community associations are
condominiums, homeowners associations (HOAs), and cooperatives (co-ops).
Each has distinct legal structures and ownership models .
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2. What is the primary governing document that creates the association as a
legal entity?
A. Bylaws
B. Rules and Regulations
C. Declaration of Covenants, Conditions, and Restrictions (CC&Rs)
D. Articles of Incorporation
Correct Answer: C
Rationale: The Declaration of CC&Rs is the primary governing document that
establishes the association, creates the covenant running with the land, and sets
forth the rights and obligations of owners .
3. What document contains the rules for the association's internal governance
and management?
A. CC&Rs
B. Bylaws
C. Rules and Regulations
D. Articles of Incorporation
Correct Answer: B
Rationale: The Bylaws establish the internal governance structure, including board
composition, officer roles, meeting procedures, and voting rights .
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4. What are Rules and Regulations, and how do they differ from the CC&Rs?
A. They are identical to CC&Rs but with a different name
B. They are federal laws that supersede all governing documents
C. They are specific guidelines adopted by the Board that are easier to amend and
must be consistent with CC&Rs
D. They are temporary documents that expire after one year
Correct Answer: C
Rationale: Rules and Regulations are specific guidelines for resident behavior and
use of common areas, adopted by the Board of Directors. They are easier to amend
than CC&Rs and must be consistent with them .
5. What federal law prohibits discrimination in housing based on race, color,
religion, sex, disability, familial status, or national origin?
A. Civil Rights Act of 1964
B. Americans with Disabilities Act
C. Fair Housing Act (FHA)
D. Equal Credit Opportunity Act
Correct Answer: C
Rationale: The Fair Housing Act prohibits housing discrimination based on
protected classes and applies to community associations in their operations, rules,
and enforcement .
6. What is the business judgment rule?
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A. A rule requiring boards to hire only licensed contractors
B. A legal principle protecting Board decisions made in good faith, with reasonable
care, and in the association's best interest
C. A requirement that all business decisions must be approved by owners
D. A rule mandating competitive bidding for all contracts
Correct Answer: B
Rationale: The business judgment rule protects board members from personal
liability when they make informed decisions in good faith, with reasonable care, and
in what they reasonably believe to be the association's best interest .
7. What is the role of the community manager versus the role of the Board of
Directors?
A. The manager and board share all responsibilities equally
B. The Board sets policy and makes major decisions; the manager implements
decisions and handles day-to-day operations
C. The manager makes all decisions; the board provides oversight
D. The board handles daily operations; the manager attends meetings
Correct Answer: B
Rationale: The Board of Directors sets policy, makes major decisions, and provides
strategic direction. The community manager implements board decisions, provides
professional advice, and manages daily operations .
8. What is the purpose of an executive session of a board meeting?
CMCA M100 EXAM NEWEST 2026
ACTUAL EXAM TEST BANK| M100 CMCA
EXAM REVIEW WITH COMPLETE 350
REAL EXAM QUESTIONS AND CORRECT
VERIFIED ANSWERS/ ALREADY GRADED
A+ (MOST RECENT!!)
GOVERNANCE AND OPERATIONS
1. What are the three most common types of community associations?
A. Condominiums, Townhomes, and Single-Family Homes
B. Condominiums, Homeowners Associations (HOAs), and Cooperatives (Co-ops)
C. Planned Unit Developments, Mobile Home Parks, and Timeshares
D. Master Associations, Sub-Associations, and Property Owners Associations
Correct Answer: B
Rationale: The three most common types of community associations are
condominiums, homeowners associations (HOAs), and cooperatives (co-ops).
Each has distinct legal structures and ownership models .
,2
2. What is the primary governing document that creates the association as a
legal entity?
A. Bylaws
B. Rules and Regulations
C. Declaration of Covenants, Conditions, and Restrictions (CC&Rs)
D. Articles of Incorporation
Correct Answer: C
Rationale: The Declaration of CC&Rs is the primary governing document that
establishes the association, creates the covenant running with the land, and sets
forth the rights and obligations of owners .
3. What document contains the rules for the association's internal governance
and management?
A. CC&Rs
B. Bylaws
C. Rules and Regulations
D. Articles of Incorporation
Correct Answer: B
Rationale: The Bylaws establish the internal governance structure, including board
composition, officer roles, meeting procedures, and voting rights .
,3
4. What are Rules and Regulations, and how do they differ from the CC&Rs?
A. They are identical to CC&Rs but with a different name
B. They are federal laws that supersede all governing documents
C. They are specific guidelines adopted by the Board that are easier to amend and
must be consistent with CC&Rs
D. They are temporary documents that expire after one year
Correct Answer: C
Rationale: Rules and Regulations are specific guidelines for resident behavior and
use of common areas, adopted by the Board of Directors. They are easier to amend
than CC&Rs and must be consistent with them .
5. What federal law prohibits discrimination in housing based on race, color,
religion, sex, disability, familial status, or national origin?
A. Civil Rights Act of 1964
B. Americans with Disabilities Act
C. Fair Housing Act (FHA)
D. Equal Credit Opportunity Act
Correct Answer: C
Rationale: The Fair Housing Act prohibits housing discrimination based on
protected classes and applies to community associations in their operations, rules,
and enforcement .
6. What is the business judgment rule?
, 4
A. A rule requiring boards to hire only licensed contractors
B. A legal principle protecting Board decisions made in good faith, with reasonable
care, and in the association's best interest
C. A requirement that all business decisions must be approved by owners
D. A rule mandating competitive bidding for all contracts
Correct Answer: B
Rationale: The business judgment rule protects board members from personal
liability when they make informed decisions in good faith, with reasonable care, and
in what they reasonably believe to be the association's best interest .
7. What is the role of the community manager versus the role of the Board of
Directors?
A. The manager and board share all responsibilities equally
B. The Board sets policy and makes major decisions; the manager implements
decisions and handles day-to-day operations
C. The manager makes all decisions; the board provides oversight
D. The board handles daily operations; the manager attends meetings
Correct Answer: B
Rationale: The Board of Directors sets policy, makes major decisions, and provides
strategic direction. The community manager implements board decisions, provides
professional advice, and manages daily operations .
8. What is the purpose of an executive session of a board meeting?
