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CMCA 2026 Exam Questions and Correct Answers (138 Updated Questions) – Community Association Governance, Financial Management, Insurance, Contracting & Human Resources Certification

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Prepare confidently for the Certified Manager of Community Associations (CMCA®) examination with this comprehensive collection of 138 updated exam questions and correct answers covering the core competencies required for success in community association management. Organized according to the major domains of the CMCA exam blueprint, this revision guide provides an efficient and practical approach to mastering the concepts, terminology, and professional responsibilities expected of community association managers. Presented in an easy-to-follow question-and-answer format, the material promotes active recall, strengthens retention, and enables candidates to identify knowledge gaps before examination day. The guide begins with an extensive review of meeting management and parliamentary procedures, introducing candidates to Robert's Rules of Order, motions and amendments, quorum requirements, proxies, ballots, agendas, minutes, committee reports, executive sessions, action item lists, financial reports, and effective board meeting practices. These foundational topics prepare learners to facilitate association meetings while ensuring procedural compliance and sound decision-making. Governance and legal issues are explored in depth through concepts such as fiduciary duty, business judgment rule, hierarchy of authority, alternative dispute resolution, management ethics, due process procedures, hearings, appeals, community association structures, governing documents, bylaws, declarations, CC&Rs, proprietary leases, statutes, umbrella associations, and management planning. Candidates gain a practical understanding of the legal framework governing homeowner associations, condominiums, cooperatives, and planned communities. Financial management concepts constitute a major component of this study resource. Students will review budgeting methodologies, reserve funding strategies, financial statements, fund accounting methods, cash and accrual accounting, assessments, liens, bad debt write-offs, investment principles, bankruptcy proceedings, audits, CPA engagements, reserve studies, replacement funds, and reconciliation practices. These topics provide the financial literacy required to manage association resources responsibly and support informed board decisions. The document further examines risk management and insurance principles essential to protecting community associations from potential exposures. Coverage includes fidelity insurance, directors and officers liability insurance, property and liability exposures, endorsements, coinsurance provisions, waiver of subrogation, electronic data processing coverage, actual cash value determinations, contingent liability, and insurance policy structures. Understanding these principles enables managers to evaluate insurance needs and minimize organizational risk. Additional sections focus on property maintenance, contracting, and human resource management. Candidates will study preventive maintenance programs, maintenance controls, inspection reporting, emergency maintenance procedures, contract administration, bid specifications, performance and payment bonds, warranties, contract provisions, personnel policies, performance evaluations, disciplinary systems, employment laws, OSHA requirements, FLSA regulations, and workforce management practices. Together, these domains reflect the diverse responsibilities of community association managers and reinforce the interdisciplinary knowledge expected of CMCA certification candidates. This updated study guide serves as an effective companion for self-study, certification preparation courses, continuing education, and final exam review. Its structured format allows learners to reinforce critical concepts efficiently while developing the confidence needed to excel on the CMCA examination and in professional community association management roles. Referenced Academic and Professional Sources: Community Associations Institute (CAI). M-100: The Essentials of Community Association Management. Community Associations Institute (CAI). Professional Community Association Management Practices. National Board of Certification for Community Association Managers (NBC-CAM). CMCA Examination Blueprint and Candidate Handbook. Robert HM III, Honemann DH, Balch TJ, Seabold DE. Robert's Rules of Order Newly Revised. American Institute of Certified Public Accountants (AICPA). Audit and Accounting Guide for Common Interest Realty Associations. U.S. Department of Labor. Fair Labor Standards Act (FLSA) Compliance Guidance. Occupational Safety and Health Administration (OSHA). Employer Responsibilities and Standards. Federal Deposit Insurance Corporation (FDIC). Consumer and Deposit Insurance Resources. Journal of Community Association Management. Journal of Property Management. Relevant Students and Professionals: This document is highly relevant for individuals preparing for the Certified Manager of Community Associations (CMCA®) certification examination, community association managers, homeowner association (HOA) managers, condominium managers, cooperative housing managers, property managers, assistant property managers, real estate professionals, board members of community associations, housing administrators, facility managers, and professionals seeking advancement in community association leadership and governance. Keywords: CMCA 2026, CMCA exam questions, CMCA certification study guide, Certified Manager of Community Associations, community association management, HOA exam preparation, property management certification, Robert's Rules of Order, parliamentary procedure, motions, quorum, proxy voting, agendas, meeting minutes, committee reports, executive session, fiduciary duty, business judgment rule, governance, community associations, planned communities, condominium management, cooperative housing, CC&Rs, bylaws, governing documents, alternative dispute resolution, management ethics, due process, reserve studies, reserve funding, budgeting, assessments, financial statements, GAAP, audits, CPA, cash accounting, accrual accounting, liens, bad debt write-offs, bankruptcy, investments, FDIC, insurance management, fidelity insurance, directors and officers liability insurance, risk management, liability exposure, property exposure, preventive maintenance, facilities management, maintenance programs, contracting, bid specifications, performance bonds, payment bonds, warranties, human resource management, employee handbook, performance evaluations, progressive discipline, OSHA, FLSA, personnel management, community association leadership, certification exam review

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Institution
CMCA
Course
CMCA

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CMCA 2026 Exam Questions
and Correct Answers | New
Update



Section 1: Meetings


Table a motion - ANSWER ✔✔Incomplete items on the agenda

should be rescheduled for another meeting.


Robert's Rules of Order - ANSWER ✔✔Provides common rules and

procedures for deliberation and debate in order to place the whole

membership on the same footing and speaking the same language

,Timed agenda - ANSWER ✔✔Limits the amount of time focused on

specific areas, so as to move the meeting along at a more thorough and

prompt pace


Second a motion - ANSWER ✔✔Once the motion has been

proposed, consideration by the assembly occurs only if another member

of the body immediately concurs with the motion


Amend a motion - ANSWER ✔✔A motion is used to modify another

motion. Takes three basic forms: inserting or adding words, striking out

words, striking out and inserting or substituting a paragraph for another


Ballot - ANSWER ✔✔Device used to record choices made by voters


Quorum - ANSWER ✔✔is the number of members required to be

present to transact business legally


Proxy - ANSWER ✔✔Function or power of a person authorized to act

or vote in place of another resident who could not be present


Plurality - ANSWER ✔✔Awards the election to the candidate with the

most votes, regardless of whether or not they received the majority

established in the association's by-laws


Committee report - ANSWER ✔✔Reports should highlight matters to

be decided and recommendations by the committee. Supporting

,research should be included in the reports. Committees need to clearly

state the actions they are asking the board.


Debate - ANSWER ✔✔During an elections, a formal discussion

involving opposing candidates vying for the same position.


Executive session - ANSWER ✔✔When a board must hold a

discussion or make decisions of a sensitive nature.


Financial report - ANSWER ✔✔report on the community's fiscal

condition


Parliamentary procedure - ANSWER ✔✔The body of rules, ethics,

and customs governing meetings and other operations.


Minutes - ANSWER ✔✔Meeting document the decisions made during

the meeting. This provides a permanent public record of positions and

actions taken by the board.


Majority - ANSWER ✔✔Over 50% of the votes needed to win an

election. The majority vote can come from those owners who tend the

meeting, in person, or by proxy, to decide all matters except special

issues.




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, Motion - ANSWER ✔✔A formal proposal stating that the association

took a certain action.


Notice of meeting - ANSWER ✔✔An official announcement that a

meeting will take place, which should be sent in writing to board

members at least a week before a meeting.


Management report - ANSWER ✔✔Report on the association's

current management and administrative activities.


Absentation - ANSWER ✔✔When a participant in a vote either does

not go to vote or, in parliamentary procedure, is present during the vote,

but does not cast ballot. May be used to indicate the voting individual's

ambivalence or mild disapproval. They do not count in tallying the vote

and attend the meeting to constitute a quorum.


Action item list - ANSWER ✔✔a documented event, task, activity, or

action that needs to take place. Usually documented in the meeting

minutes and are recorded in the task list of the group. At the next

meeting the action item list is reviewed by the group and at the meeting

the facilitator will check the status of these items.

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