CMCA - Community Association Management Questions and Answers New (2025/2026) Solved 100% Correct

Primary role/responsibility of owners - ️️- 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 Gives BOD rights to act on owner's behalf - ️️- specific state statutes - general state statutes - declaration - articles - bylaws - gov. docs Ad hoc committee - ️️used when an objective needs consideration and no standing committee can absorb that issue; short-term basis board liaison system - ️️directors assigned to certain committees to guide the committee on Board policy and procedures and to report back to the board fiduciary duty - ️️requires directors to act in the best interest and for the benefit of the corporation management audit - ️️a review of governing docs and existing policies and procedures, current condition of the property, owner/resident satisfaction, and fiscal operations management audit - ️️can be done by the board and manager together OR a thirdparty consultant standing committee - ️️have a continued existence and are not related to the accomplishment of a specific, once-only task BOD's role - ️️- set policies and procedures - fiduciary duty - responsible for making and enforcing rules Management is... - ️️planning, leading, organizing and controllingDefines management authority and responsibility - ️️- gov. docs - management contract - employment agreement - actions of the BOD which delegate specific authority and duties Ethical, professional conduct of a manager - ️️- disclose and account for anything of value received - avoid delegating more authority than received by BOD - avoid acting on behalf of CA after being terminated - duty, loyalty, and confidentiality exist after terminated How to resolve conflict of interest - ️️- make full written disclosure - obtain written authorization from the BOD before proceeding - after disclosure, avoid actions that may be perceived as conflict of interest Purpose of Management Contract - ️️- specify the managers authority/duty, chain of command - provide for manager's compensation and termination Purpose of an Employment Agreement - ️️- specify the managers authority/duty, chain of command - provide for manager's compensation and termination Must committees record minutes? - ️️Yes Can committees hire/fire contractors w/o BOD approval? - ️️No Do Owners vote at board meetings? - ️️No Can owners veto board decisions at board meetings? - ️️No Management's role - ️️Provide information, leadership on CA living to the BOD, Committees and owners. Foster a sense of community awareness Defined in bylaws and sometimes declarations - ️️authority to establish committees Appeal to BOD or elect new BOD members - ️️recourse owners have if they disagree with board decisions Advantages of committees - ️️- assist the BOD in meeting its responsibilities - gather owners opinions and attitudes - training ground for future leaders - means of explaining BOD actions to the communityBOD's responsibility to owners (re: common area) - ️️- maintain - protect - preserve - enhance Kinds of CA management - ️️- volunteer - assn. employed - management company general categories of committees - ️️- standing - ad hoc - mandatory Can committees act on on anything they want - ️️No Consideration for evaluating management companies - ️️- cost - continuity - professionalism - level of service - owners needs - responsibilities Should the board liaison to a committee be the chair? - ️️No Does a management search committee define or limit a manager's authority? - ️️No Ethical, professional conduct of a manager - ️️- provide diligent and faithful service - make full written disclosure of any conflict of interest - use reasonable care, diligence and skill - avoid acting in conflict with interest of the CA - decline to perform services not qualified to do