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CMCA Certified Manager of Community Associations
Exam
Ad hoc committee - (answers)used when an objective needs consideration and no
standing committee can absorb that issue; short-term basis
board liaison system - (answers)directors assigned to certain committees to guide
the committee on Board policy and procedures and to report back to the board
fiduciary duty - (answers)requires directors to act in the best interest and for the
benefit of the corporation
management audit - (answers)a review of governing docs and existing policies
and procedures, current condition of the property, owner/resident satisfaction,
and fiscal operations
management audit - (answers)can be done by the board and manager together
OR a third-party consultant
standing committee - (answers)have a continued existence and are not related to
the accomplishment of a specific, once-only task
Gives BOD rights to act on owner's behalf - (answers)- specific state statutes
- general state statutes
- declaration
, 2|Page
- articles
- bylaws
- gov. docs
Primary role/responsibility of owners - (answers)- pay assessments
- read/comply with docs
- treat leaders w/respect and honesty
- vote in community elections
- contact leaders regarding financial obligations
- maintain property according to est. standards
BOD's role - (answers)- set policies and procedures
- fiduciary duty
- responsible for making and enforcing rules
Management is... - (answers)planning, leading, organizing and controlling
Defines management authority and responsibility - (answers)- gov. docs
- management contract
- employment agreement
- actions of the BOD which delegate specific authority and duties
CMCA Certified Manager of Community Associations
Exam
Ad hoc committee - (answers)used when an objective needs consideration and no
standing committee can absorb that issue; short-term basis
board liaison system - (answers)directors assigned to certain committees to guide
the committee on Board policy and procedures and to report back to the board
fiduciary duty - (answers)requires directors to act in the best interest and for the
benefit of the corporation
management audit - (answers)a review of governing docs and existing policies
and procedures, current condition of the property, owner/resident satisfaction,
and fiscal operations
management audit - (answers)can be done by the board and manager together
OR a third-party consultant
standing committee - (answers)have a continued existence and are not related to
the accomplishment of a specific, once-only task
Gives BOD rights to act on owner's behalf - (answers)- specific state statutes
- general state statutes
- declaration
, 2|Page
- articles
- bylaws
- gov. docs
Primary role/responsibility of owners - (answers)- pay assessments
- read/comply with docs
- treat leaders w/respect and honesty
- vote in community elections
- contact leaders regarding financial obligations
- maintain property according to est. standards
BOD's role - (answers)- set policies and procedures
- fiduciary duty
- responsible for making and enforcing rules
Management is... - (answers)planning, leading, organizing and controlling
Defines management authority and responsibility - (answers)- gov. docs
- management contract
- employment agreement
- actions of the BOD which delegate specific authority and duties
