Associations (CMCA) Exam
Save
Terms in this set (96)
CMCA M100 Certified Manager of Exam Coverage
Community Associations (CMCA)
Exam The exam coverage includes the leadership and
management principles taught in M-100 Community
Management, a preparatory course for the
Certified Manager of Community Associations
(CMCA) Exam offered through the Community
Associations Institute. It focuses on the roles and
responsibilities of community association
managers, governance structures, and working
effectively with boards of directors. The exam also
assesses knowledge of financial management,
budgeting, facilities maintenance, risk
management, contract administration, and ethical
leadership. Emphasis is placed on effective
communication, decision-making, and applying
best practices to manage condominium,
cooperative, and homeowners associations
efficiently. 🏘️📘
, True or false: The role of the False. The professional manager assists the board
professional community association by providing information-gathering, implementing
manager is to make all decisions for board decisions, and administering services within
the association and to delegate the policies set by the board.
information-gathering and fact-
finding support to the board of
directors.
Which of the following community d. mandatory committees. A mandatory committee
association committees typically are is required by the governing documents and is
assigned responsibilities related to typically assigned responsibilities such as elections,
elections, nominations, and nominations, and architectural standards.
architectural standards? a. standing
committees b. professional
committees c. ad hoc committees d.
mandatory committees
In which of the following forms of b. volunteer or self-management. Self-managed
community association management associations handle all community functions,
is the association managed by the including accounting, record keeping, and
board itself or by committees under collecting dues. Approximately 150,000 self-
the direction of the board? a. managed associations exist in the U.S.
management company b. volunteer
or self-management c. association-
employed manager d. municipal
management
Complete the following sentence: b. fiduciary duty. The board's fiduciary duty includes
The board of directors in a two components: (1) avoiding conflicts of interest
community association has a ________ and acting out of self-interest, and (2) managing
to act in the best interests and for the association's affairs as reasonable people
the benefit of the community as a would.
whole. a. bond b. fiduciary duty c.
ballot d. quorum