Random CMCA Practice Test Questions
(Under Construction) 2024
C. A work order/response form - A, B, and D speak to elements OTHER than a
control to ensure maintenance work is completed. - correct answersWhich of the
following is a common management control for ensuring maintenance work is
performed in a timely manner?
A. A purchase order system
B. An equipment warranties
C. A work order/response form
D. A contractor's invoice
C. Maintenance responsibility chart along, with the governing documents, defines
parameters of association maintenance responsibility.
The other answers have no bearing on necessity of maintenance or maintenance
responsibility. - correct answersThe primary management control tool for
identifying whether the association needs to maintain a particular property
element is:
A. Physical inspections
B. Association bylaws
,Random CMCA Practice Test Questions
(Under Construction) 2024
C. Maintenance responsibility chart
D. Community asset inventory
B. Re-roofing the buildings - Large contracts involving significant material purchase
and/or use of sub-contractors commonly include lien waivers and should be
recommended to the board.
A, C, and D typically do not include significant material purchases or the use of
sub-contractors so a waiver of lien is not necessary. - correct answersIn what type
of a contract would a waiver of lien by recommended?
A. Repair of the HVAC system
B. Re-roofing the buildings
C. Repair of the pool pump
D. Annual tree pruning
B. Maintain certain limits of insurance - Co-insurance seeks to the limits of
insurance in place at the time of a loss and speaks to insurance obligation for the
parties involved in the claim.
,Random CMCA Practice Test Questions
(Under Construction) 2024
Co-insurance does not obligate the Association to pay a deductible. Provides no
obligation to provide insurance for homeowners. - correct answersWhat does
"Co-Insurance" obligate the Association to do?
A. Pay the deductible
B. Maintain certain limits of insurance
C. Cover the depreciated value of all association buildings
D. Provide insurance for homeowners
A. Negotiate contracts within the bidding process.
Incorrect Answers:
B. Employment practices liability insurance is typically purchased by an association
that has employees to provide coverage against certain types of claims by those
employees, and usually accompanies a workers compensation insurance policy.
C. The association MUST NEVER assume that contractors carry their own
insurance coverage and should require all contractors to provide evidence of
insurance.
, Random CMCA Practice Test Questions
(Under Construction) 2024
D. D&O insurance policies is designed to pay for wrongful acts that do not lead to
property damage (PD), bodily injury (BI), personal injury (PI), or advertising injury
(AI); an example of a claim for coverage under D&O would be if a board of
directors is accused of not uniformly enforcing rules or covenants. Therefore, it is
unlikely that the services of independent contractors would lead to claims under
D&O. - correct answersWhen an association contracts out all of its services and
has no employees, it is a best business practice to:
A. Negotiate contracts within the bidding process.
B. Purchase employment practices liability insurance.
C. Assume the contractors carry their own insurance coverage.
D. Increase the coverage under the D&O insurance policy.
A. Did not notify association of their current address. It is the owner's
responsibility to provide current contact information to Management.
Incorrect:
B. The duty to notify all owners of meetings belongs to the Board, which is often
delegated to Management.
(Under Construction) 2024
C. A work order/response form - A, B, and D speak to elements OTHER than a
control to ensure maintenance work is completed. - correct answersWhich of the
following is a common management control for ensuring maintenance work is
performed in a timely manner?
A. A purchase order system
B. An equipment warranties
C. A work order/response form
D. A contractor's invoice
C. Maintenance responsibility chart along, with the governing documents, defines
parameters of association maintenance responsibility.
The other answers have no bearing on necessity of maintenance or maintenance
responsibility. - correct answersThe primary management control tool for
identifying whether the association needs to maintain a particular property
element is:
A. Physical inspections
B. Association bylaws
,Random CMCA Practice Test Questions
(Under Construction) 2024
C. Maintenance responsibility chart
D. Community asset inventory
B. Re-roofing the buildings - Large contracts involving significant material purchase
and/or use of sub-contractors commonly include lien waivers and should be
recommended to the board.
A, C, and D typically do not include significant material purchases or the use of
sub-contractors so a waiver of lien is not necessary. - correct answersIn what type
of a contract would a waiver of lien by recommended?
A. Repair of the HVAC system
B. Re-roofing the buildings
C. Repair of the pool pump
D. Annual tree pruning
B. Maintain certain limits of insurance - Co-insurance seeks to the limits of
insurance in place at the time of a loss and speaks to insurance obligation for the
parties involved in the claim.
,Random CMCA Practice Test Questions
(Under Construction) 2024
Co-insurance does not obligate the Association to pay a deductible. Provides no
obligation to provide insurance for homeowners. - correct answersWhat does
"Co-Insurance" obligate the Association to do?
A. Pay the deductible
B. Maintain certain limits of insurance
C. Cover the depreciated value of all association buildings
D. Provide insurance for homeowners
A. Negotiate contracts within the bidding process.
Incorrect Answers:
B. Employment practices liability insurance is typically purchased by an association
that has employees to provide coverage against certain types of claims by those
employees, and usually accompanies a workers compensation insurance policy.
C. The association MUST NEVER assume that contractors carry their own
insurance coverage and should require all contractors to provide evidence of
insurance.
, Random CMCA Practice Test Questions
(Under Construction) 2024
D. D&O insurance policies is designed to pay for wrongful acts that do not lead to
property damage (PD), bodily injury (BI), personal injury (PI), or advertising injury
(AI); an example of a claim for coverage under D&O would be if a board of
directors is accused of not uniformly enforcing rules or covenants. Therefore, it is
unlikely that the services of independent contractors would lead to claims under
D&O. - correct answersWhen an association contracts out all of its services and
has no employees, it is a best business practice to:
A. Negotiate contracts within the bidding process.
B. Purchase employment practices liability insurance.
C. Assume the contractors carry their own insurance coverage.
D. Increase the coverage under the D&O insurance policy.
A. Did not notify association of their current address. It is the owner's
responsibility to provide current contact information to Management.
Incorrect:
B. The duty to notify all owners of meetings belongs to the Board, which is often
delegated to Management.
