M100 COMMUNITY ASSOCIATION
MANAGEMENT EXAM NEWEST 2026
ACTUAL EXAM TEST BANK |
COMPLETE 300+ CMCA QUESTIONS
WITH VERIFIED ANSWERS &
RATIONALES PDF
Characteristics of a Community Association - answer- Mandatory membership
Mutually binding documents
Lien-based assessments
Purposes of a Community Association - answer- Business - Not for profit
Government - Runs like a mini-government
Community - Mutual reasons for buying into area
3 Basic Types of Community Associations - answer- Planned Community - Owners
owns his lot/living unit and community owns common areas (tennis courts, basketball
courts, etc.).
Condominium - Individual owns unit and undivided interest (percentage) in common
elements.
Cooperative - Individual owns stock or membership in cooperative and holds a
proprietary lease/occupancy agreement.
Community associations can be grouped into clusters called: - answer- Master or
Umbrella Associations - More than one residential community.
Mixed-Use Development - Mixture of residential and commercial.
"55 and Older" Communities - 80% of residents are 55+ and at least one per unit.
Name the sources of legal obligations for a Community Association - answer- Federal,
state and local statutes, regulations and case law.
Governing documents
Standards set by professional bodies (AICPA)
Lender requirements
Types of Federal Law Applying to Community Associations - answer- Equal
Employment Opportunity Commission
Fair Debt Collection Practices Act
Fair Labor and Standards Act
Family and Medical Leave Act
, FICA
OSHA
Bankruptcy Code
FCC
Fair Housing Act
Types of State Statutes Applying to Community Associations - answer- General -
Applies to all types of associations
Specifics - Applies to only one type of association (takes precedence over any general
statutes and governing documents.
Uniform - National Conference of Commissioners draft generic content-specific wording
to encourage uniformity among the states.
Purpose of Community Association Governing Documents - answer- Provide legal
structure and operation of a community association.
Hierarchy of Governing Documents - answer- Recorded map, plat or plan
Declaration, CC&Rs, proprietary lease or occupancy agreement.
Articles of Incorporation
Bylaws
Board Resolutions
Declaration, CC&Rs, proprietary lease or occupancy agreement. - answer- Declarations
- Condo
CC&Rs - Planned Community
Proprietary Lease/Occupancy Agrmt - Coop
Articles of Incorporation - answer- Brings corporation into existence.
Coops must incorporate because the the corporation owns all the property.
Other types of communities may incorporate.
Benefits of incorporating - answer- Limit liability of individual owners.
Right granted all corporations
Easier to deal with utility companies, vendors, etc.
Bylaws - answer- Formally adopted regulations for the administration and management
of a community association.
- Meeting procedures including voting rights
- Board powers and duties
Board Resolutions - answer- A motion that follows a set format and formally adopted by
the board.
Public Offering Statement - answer- Provides association information to first prospective
buyers in community.
Required by state statute.
MANAGEMENT EXAM NEWEST 2026
ACTUAL EXAM TEST BANK |
COMPLETE 300+ CMCA QUESTIONS
WITH VERIFIED ANSWERS &
RATIONALES PDF
Characteristics of a Community Association - answer- Mandatory membership
Mutually binding documents
Lien-based assessments
Purposes of a Community Association - answer- Business - Not for profit
Government - Runs like a mini-government
Community - Mutual reasons for buying into area
3 Basic Types of Community Associations - answer- Planned Community - Owners
owns his lot/living unit and community owns common areas (tennis courts, basketball
courts, etc.).
Condominium - Individual owns unit and undivided interest (percentage) in common
elements.
Cooperative - Individual owns stock or membership in cooperative and holds a
proprietary lease/occupancy agreement.
Community associations can be grouped into clusters called: - answer- Master or
Umbrella Associations - More than one residential community.
Mixed-Use Development - Mixture of residential and commercial.
"55 and Older" Communities - 80% of residents are 55+ and at least one per unit.
Name the sources of legal obligations for a Community Association - answer- Federal,
state and local statutes, regulations and case law.
Governing documents
Standards set by professional bodies (AICPA)
Lender requirements
Types of Federal Law Applying to Community Associations - answer- Equal
Employment Opportunity Commission
Fair Debt Collection Practices Act
Fair Labor and Standards Act
Family and Medical Leave Act
, FICA
OSHA
Bankruptcy Code
FCC
Fair Housing Act
Types of State Statutes Applying to Community Associations - answer- General -
Applies to all types of associations
Specifics - Applies to only one type of association (takes precedence over any general
statutes and governing documents.
Uniform - National Conference of Commissioners draft generic content-specific wording
to encourage uniformity among the states.
Purpose of Community Association Governing Documents - answer- Provide legal
structure and operation of a community association.
Hierarchy of Governing Documents - answer- Recorded map, plat or plan
Declaration, CC&Rs, proprietary lease or occupancy agreement.
Articles of Incorporation
Bylaws
Board Resolutions
Declaration, CC&Rs, proprietary lease or occupancy agreement. - answer- Declarations
- Condo
CC&Rs - Planned Community
Proprietary Lease/Occupancy Agrmt - Coop
Articles of Incorporation - answer- Brings corporation into existence.
Coops must incorporate because the the corporation owns all the property.
Other types of communities may incorporate.
Benefits of incorporating - answer- Limit liability of individual owners.
Right granted all corporations
Easier to deal with utility companies, vendors, etc.
Bylaws - answer- Formally adopted regulations for the administration and management
of a community association.
- Meeting procedures including voting rights
- Board powers and duties
Board Resolutions - answer- A motion that follows a set format and formally adopted by
the board.
Public Offering Statement - answer- Provides association information to first prospective
buyers in community.
Required by state statute.
