CMCA EXAM NEWEST VERSION REAL EXAM 180+
QUESTIONS AND CORRECT ANSWERS(VERIFIED
ANSWERS)|AGRADE||BRAND NEW VERSION!!
Question 1
Which document outlines the rules and regulations of a community
association?
A. Declaration of Covenants
B. Medical record
C. Tax receipt
D. Employment contract
Answer: A. Declaration of Covenants
Rationale: Governing documents establish association rules.
Question 2
What is the primary responsibility of a community manager?
A. Enforcing governing documents
B. Performing surgeries
C. Selling automobiles
D. Conducting criminal trials
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Answer: A. Enforcing governing documents
Rationale: Managers oversee association operations and compliance.
Question 3
Which financial statement shows association income and expenses?
A. Income statement
B. Birth certificate
C. Police report
D. Lease agreement
Answer: A. Income statement
Rationale: Income statements summarize revenues and expenses.
Question 4
What is the purpose of reserve funds in a community association?
A. Future major repairs and replacements
B. Employee bonuses only
C. Advertising campaigns
D. Tax refunds
Answer: A. Future major repairs and replacements
Rationale: Reserve funds cover long-term capital expenses.
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Question 5
Which meeting requirement is commonly required by bylaws?
A. Proper notice to members
B. Free food service
C. Media interviews
D. Police supervision
Answer: A. Proper notice to members
Rationale: Members must receive advance meeting notice.
Question 6
What is the role of the board of directors in a community association?
A. Governing the association
B. Providing emergency surgery
C. Teaching university courses
D. Managing court cases
Answer: A. Governing the association
Rationale: Boards make decisions for the association.
Question 7
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Which insurance policy protects against injuries on association
property?
A. General liability insurance
B. Flood insurance only
C. Auto insurance
D. Travel insurance
Answer: A. General liability insurance
Rationale: Liability coverage protects against injury claims.
Question 8
What is a quorum?
A. Minimum number required to conduct business
B. Emergency maintenance request
C. Financial audit
D. Landscaping contract
Answer: A. Minimum number required to conduct business
Rationale: Quorum ensures valid decision-making.
Question 9
Which duty requires board members to act in the association’s best
interest?
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