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1. A community association manager is primarily responsible for
which of the following?
A. Performing legal enforcement actions against homeowners
B. Managing daily operations of the community association
C. Setting state property tax rates
D. Issuing building permits
Answer: B
Rationale: The primary role of a community association manager is to
oversee and manage the daily administrative, financial, and
operational functions of the association on behalf of the board of
directors.
2. Which document governs the operation of a condominium or
homeowners association?
A. Criminal code
B. Declaration and bylaws
,C. Driver’s manual
D. Sales contract only
Answer: B
Rationale: The declaration and bylaws establish the governing rules,
responsibilities, and structure of a community association.
3. Who has ultimate authority in a community association?
A. Property manager
B. State governor
C. Board of directors
D. Homeowners individually
Answer: C
Rationale: The board of directors is elected by homeowners and holds
the ultimate decision-making authority for the association.
4. What is the primary purpose of an association budget?
A. To increase property values only
B. To outline criminal penalties
C. To estimate income and expenses for operations
D. To determine mortgage rates
Answer: C
Rationale: The budget forecasts income and expenses to ensure the
association can meet financial obligations.
5. Reserve funds are used for:
,A. Daily cleaning services
B. Legal defense only
C. Long-term capital repairs and replacements
D. Employee bonuses
Answer: C
Rationale: Reserve funds are set aside for major repairs and
replacement of common property assets.
6. What is a quorum?
A. A tax penalty
B. Minimum number of members required to conduct official business
C. A type of insurance policy
D. A maintenance fee
Answer: B
Rationale: A quorum is the minimum number of members required to
legally conduct association meetings and vote on decisions.
7. Which meeting is typically held annually?
A. Emergency meeting
B. Executive session
C. Annual general meeting
D. Disciplinary hearing
Answer: C
Rationale: The annual meeting is held to elect board members and
review association performance.
, 8. The Fair Housing Act prohibits:
A. Property maintenance
B. Discrimination in housing-related activities
C. Rent collection
D. Utility billing
Answer: B
Rationale: The Fair Housing Act prohibits discrimination based on
protected classes in housing-related decisions.
9. A violation notice is issued to:
A. Reward homeowners
B. Inform owners of rule violations
C. Approve new construction
D. Increase property taxes
Answer: B
Rationale: Violation notices inform residents of non-compliance with
association rules and provide corrective actions.
10. What is fiduciary duty?
A. Personal financial gain
B. Duty to act in the best interest of the association
C. Duty to tenants only
D. Marketing responsibility
Answer: B