CMCA EXAM 2024 REAL EXAM QUESTIONS AND
CORRECT ANSWERS(VERIFIED ANSWERS)|
AGRADE
In preparing the association's annual financial report, many governing
documents specify:
Retaining an independent certified public accountant
When a dispute is mediated, the uninvolved third party facilitates discussion and
Assists both parties in reaching a mutually acceptable agreement
When developing a rule, it must be consistent with....
Applicable statues and governing documents
What would impact the operation of a newly installed entry control system?
Communicating the access control policy to residents
The BOD receives its authority to perform its specific duties through the:
governing documents
What has the greatest regulatory influence on the management of a community
association?
specific state statutes
What duty does the BOD and manager have to its members?
Loyalty
management conducts its day to day operation of the association in accordance
with:
contract
in an initial letter you send to an owner who has violated one of the associations
adopted rules, what is the best way to get the owner in compliance?
Offer to meet to hear the owner's viewpoint
If you have a proprietary lease in a development, what is your best interest in the
property?
stock membership
a board exercises its fiduciary responsibility by:
establishing internal controls.
the primary purpose of a community association is to
deal with governance and business
in the hierarchy of a community associations governing documents, what is the
highest authority?
declaration
who has the ultimate responsibility for the care and maintenance of the common
areas, facilities, and physical property?
the board of directors
where would a manager find guidelines regarding the associations responsibility
for maintaining the physical assets?
board resolutions
to determine which physical assets must be maintained by the association, the
manager should:
CORRECT ANSWERS(VERIFIED ANSWERS)|
AGRADE
In preparing the association's annual financial report, many governing
documents specify:
Retaining an independent certified public accountant
When a dispute is mediated, the uninvolved third party facilitates discussion and
Assists both parties in reaching a mutually acceptable agreement
When developing a rule, it must be consistent with....
Applicable statues and governing documents
What would impact the operation of a newly installed entry control system?
Communicating the access control policy to residents
The BOD receives its authority to perform its specific duties through the:
governing documents
What has the greatest regulatory influence on the management of a community
association?
specific state statutes
What duty does the BOD and manager have to its members?
Loyalty
management conducts its day to day operation of the association in accordance
with:
contract
in an initial letter you send to an owner who has violated one of the associations
adopted rules, what is the best way to get the owner in compliance?
Offer to meet to hear the owner's viewpoint
If you have a proprietary lease in a development, what is your best interest in the
property?
stock membership
a board exercises its fiduciary responsibility by:
establishing internal controls.
the primary purpose of a community association is to
deal with governance and business
in the hierarchy of a community associations governing documents, what is the
highest authority?
declaration
who has the ultimate responsibility for the care and maintenance of the common
areas, facilities, and physical property?
the board of directors
where would a manager find guidelines regarding the associations responsibility
for maintaining the physical assets?
board resolutions
to determine which physical assets must be maintained by the association, the
manager should:
