CMCA EXAM 2025 REAL EXAM 170 QUESTIONS AND CORRECT
ANSWERS(VERIFIED ANSWERS)|AGRADE
Why are special membership meetings held? - ANSWER- To conduct specific business Executive sessions should typically be
used for discussing which of the following issues: - ANSWER- Member's delinquency Which of the following is a duty of a
manager attending a board meeting? - ANSWER- Be the time keeper. If the governing documents and laws present conflicting
notice periods, follow: - ANSWER- State laws. If an owner fails to receive notice of a meeting, the association is not responsible
if the owner: - ANSWER- Did not notify the association of their current address. Board meeting minutes should include which of
the following: - ANSWER- Exact wording of each motion. If a proxy vote needs to be approved, the best option for an approver
would be: - ANSWER- The secretary. Where would a manager find guidelines regarding the association's responsibility for
maintaining physical assets? - ANSWER- Board resolutions. The primary management control tool for identifying whether the
association needs to maintain a particular property element is: - ANSWER- Maintenance responsibility chart. To determine
which physical assets must be maintained by the association, the manager should: - ANSWER- Review the association governing
documents. 12/14/23, 8:14 PM CMCA EXAM 2023 REAL EXAM 170 Questions AND Correct Answers-1-21 about:blank 2/28
Which of the following is a common management control for ensuring maintenance work is performed in a timely manner? -
ANSWER- A work order/response form. When monitoring maintenance of an association's swimming pool, which of the
following should be entered into a permanent log at regular intervals? - ANSWER- Chlorine level readings. Which of the
following is an example of an association control system? - ANSWER- Frequent neighborhood inspections. A work order: -
ANSWER- Assigns maintenance tasks. Which type of maintenance should be managed with a routine maintenance contract? -
ANSWER- Cutting the grass Which method is the best alternative to increasing assessments? - ANSWERIncreasing income by
charging higher user fees. When the Board reviews the proposed budget for approval, what should it consider? - ANSWER- The
financial position of the association. What is the primary source of requirements when developing the association's annual
,maintenance budget? - ANSWER- Governing documents. When an association contracts out all of its service and has no
employees, it is a best business practice to: - ANSWER- Negotiate contracts within the bidding process. Directors and officers
liability insurance is designed to cover claims resulting from: - ANSWER- Wrongful acts of employees of the association. A
component of building ordinance insurance coverage includes: - ANSWER- Extra demolition. Which of the following types of
insurance coverage is one of limited value to a community association? - ANSWER- Assessment fee receivable. What section of
an insurance policy describes the coverage limits, deductibles, policy period, and premium? - ANSWER- Declaration page(s). This
is a preview 12/14/23, 8:14 PM CMCA EXAM 2023 REAL EXAM 170 Questions AND Correct Answers-1-21 about:blank 3/28 Do
you want full access? Go Premium and unlock all 21 pages Access to all documents Get Unlimited Downloads Improve your
grades Already Premium? Free Trial Get 30 days of free Premium Upload Share your documents to unlock Log in 12/14/23, 8:14
PM CMCA EXAM 2023 REAL EXAM 170 Questions AND Correct Answers-1-21 about:blank 4/28 To provide for payment of the
insurance deductible, you would: - ANSWER- Allow for costs in the operating budget. Liability claims should be sent to the
insurer: - ANSWER- Without admitting negligence. What does "Co-Insurance" obligate the Association to do? - ANSWER-
Maintain certain limits of insurance. Legal review prior to executing a contract will assist the association in the event that: -
ANSWER- The board has questions or concerns. In older condominiums, an association should have what type of contract
covering mechanical equipment? - ANSWER- Preventive maintenance. Rather than describing the scope of work in detail in the
contract, a manager may: - ANSWER- Attach bid specifications. Alternative dispute resolution includes which of the following
methods? - ANSWER- Mediation. Employment contracts need not include: - ANSWER- Interests. In terms of compensation, a
contract should state: - ANSWER- When and on what terms payment(s) will be made. Preparing a bid request includes which of
the following? - ANSWER- Identifying potential contractors. For which project would a board most likely want to use a
consultant to help develop bid specifications? - ANSWER- Repairing and/or replacing all roofs. In what type of a contract would
a waiver of lien be recommended? - ANSWER- Re-roofing the buildings. When a dispute is mediated, an uninvolved third party
facilitates discussion and: - ANSWER- Assists both parties in reaching a mutually acceptable agreement. 12/14/23, 8:14 PM
CMCA EXAM 2023 REAL EXAM 170 Questions AND Correct Answers-1-21 about:blank 5/28 You have a proprietary lease in XYZ
development. Which of the following best describes your interest in the property? - ANSWER- Stock membership. Management
conducts its tasks for the day to day operation of the association in accordance with the: - ANSWER- Contract. The Board of
Directors receives its authority to perform its specific duties through the: - ANSWER- Governing documents. Which of the
ANSWERS(VERIFIED ANSWERS)|AGRADE
Why are special membership meetings held? - ANSWER- To conduct specific business Executive sessions should typically be
used for discussing which of the following issues: - ANSWER- Member's delinquency Which of the following is a duty of a
manager attending a board meeting? - ANSWER- Be the time keeper. If the governing documents and laws present conflicting
notice periods, follow: - ANSWER- State laws. If an owner fails to receive notice of a meeting, the association is not responsible
if the owner: - ANSWER- Did not notify the association of their current address. Board meeting minutes should include which of
the following: - ANSWER- Exact wording of each motion. If a proxy vote needs to be approved, the best option for an approver
would be: - ANSWER- The secretary. Where would a manager find guidelines regarding the association's responsibility for
maintaining physical assets? - ANSWER- Board resolutions. The primary management control tool for identifying whether the
association needs to maintain a particular property element is: - ANSWER- Maintenance responsibility chart. To determine
which physical assets must be maintained by the association, the manager should: - ANSWER- Review the association governing
documents. 12/14/23, 8:14 PM CMCA EXAM 2023 REAL EXAM 170 Questions AND Correct Answers-1-21 about:blank 2/28
Which of the following is a common management control for ensuring maintenance work is performed in a timely manner? -
ANSWER- A work order/response form. When monitoring maintenance of an association's swimming pool, which of the
following should be entered into a permanent log at regular intervals? - ANSWER- Chlorine level readings. Which of the
following is an example of an association control system? - ANSWER- Frequent neighborhood inspections. A work order: -
ANSWER- Assigns maintenance tasks. Which type of maintenance should be managed with a routine maintenance contract? -
ANSWER- Cutting the grass Which method is the best alternative to increasing assessments? - ANSWERIncreasing income by
charging higher user fees. When the Board reviews the proposed budget for approval, what should it consider? - ANSWER- The
financial position of the association. What is the primary source of requirements when developing the association's annual
,maintenance budget? - ANSWER- Governing documents. When an association contracts out all of its service and has no
employees, it is a best business practice to: - ANSWER- Negotiate contracts within the bidding process. Directors and officers
liability insurance is designed to cover claims resulting from: - ANSWER- Wrongful acts of employees of the association. A
component of building ordinance insurance coverage includes: - ANSWER- Extra demolition. Which of the following types of
insurance coverage is one of limited value to a community association? - ANSWER- Assessment fee receivable. What section of
an insurance policy describes the coverage limits, deductibles, policy period, and premium? - ANSWER- Declaration page(s). This
is a preview 12/14/23, 8:14 PM CMCA EXAM 2023 REAL EXAM 170 Questions AND Correct Answers-1-21 about:blank 3/28 Do
you want full access? Go Premium and unlock all 21 pages Access to all documents Get Unlimited Downloads Improve your
grades Already Premium? Free Trial Get 30 days of free Premium Upload Share your documents to unlock Log in 12/14/23, 8:14
PM CMCA EXAM 2023 REAL EXAM 170 Questions AND Correct Answers-1-21 about:blank 4/28 To provide for payment of the
insurance deductible, you would: - ANSWER- Allow for costs in the operating budget. Liability claims should be sent to the
insurer: - ANSWER- Without admitting negligence. What does "Co-Insurance" obligate the Association to do? - ANSWER-
Maintain certain limits of insurance. Legal review prior to executing a contract will assist the association in the event that: -
ANSWER- The board has questions or concerns. In older condominiums, an association should have what type of contract
covering mechanical equipment? - ANSWER- Preventive maintenance. Rather than describing the scope of work in detail in the
contract, a manager may: - ANSWER- Attach bid specifications. Alternative dispute resolution includes which of the following
methods? - ANSWER- Mediation. Employment contracts need not include: - ANSWER- Interests. In terms of compensation, a
contract should state: - ANSWER- When and on what terms payment(s) will be made. Preparing a bid request includes which of
the following? - ANSWER- Identifying potential contractors. For which project would a board most likely want to use a
consultant to help develop bid specifications? - ANSWER- Repairing and/or replacing all roofs. In what type of a contract would
a waiver of lien be recommended? - ANSWER- Re-roofing the buildings. When a dispute is mediated, an uninvolved third party
facilitates discussion and: - ANSWER- Assists both parties in reaching a mutually acceptable agreement. 12/14/23, 8:14 PM
CMCA EXAM 2023 REAL EXAM 170 Questions AND Correct Answers-1-21 about:blank 5/28 You have a proprietary lease in XYZ
development. Which of the following best describes your interest in the property? - ANSWER- Stock membership. Management
conducts its tasks for the day to day operation of the association in accordance with the: - ANSWER- Contract. The Board of
Directors receives its authority to perform its specific duties through the: - ANSWER- Governing documents. Which of the
