CAI M100: 4-1 Community Management
questions with correct answers
What is a community associaiton manager? - ANSWER A leader, not just an adminstrative staff
hired to assist the board.
What is the role of the owners in a CA? - ANSWER Election of board of directors. They have
voting power to: elect and remove directors, amend any governing documents except board
resolutions, and approve special assessments or capital investments.
What is the role of the board of directors in a CA? - ANSWER Ultimate responsibility for
operating the CA on behalf of its owners. They maintain, protect, preserve, and enhance the
common areas and the value of the owner's homes and/or units.
What is the role of a committee in a CA? - ANSWER Assist the board of directors by providing a
broader base of owner involvement and input.
What is fiduciary duty? - ANSWER Requires directors to act in the best interests of the
community as a whole, and for the benefit of the association.
What are the *TWO* components of fiduciary duty? - ANSWER 1. Board members are required
to avoid conflicts of interest and acting out of self-interest. 2. They are also required to act as
reasonable people in managing the association's affairs.
What is the board ultimately responsible for? - ANSWER the management of the associaiton.
What are the *FIVE* ways a manager's authority and responsibility are defined and limited by?
1. Governing Documents, 2. Manager's contract, 3. Actions of the board which delegate specific
authority and duties, 4. Court cases, 5. State statutes. - ANSWER
questions with correct answers
What is a community associaiton manager? - ANSWER A leader, not just an adminstrative staff
hired to assist the board.
What is the role of the owners in a CA? - ANSWER Election of board of directors. They have
voting power to: elect and remove directors, amend any governing documents except board
resolutions, and approve special assessments or capital investments.
What is the role of the board of directors in a CA? - ANSWER Ultimate responsibility for
operating the CA on behalf of its owners. They maintain, protect, preserve, and enhance the
common areas and the value of the owner's homes and/or units.
What is the role of a committee in a CA? - ANSWER Assist the board of directors by providing a
broader base of owner involvement and input.
What is fiduciary duty? - ANSWER Requires directors to act in the best interests of the
community as a whole, and for the benefit of the association.
What are the *TWO* components of fiduciary duty? - ANSWER 1. Board members are required
to avoid conflicts of interest and acting out of self-interest. 2. They are also required to act as
reasonable people in managing the association's affairs.
What is the board ultimately responsible for? - ANSWER the management of the associaiton.
What are the *FIVE* ways a manager's authority and responsibility are defined and limited by?
1. Governing Documents, 2. Manager's contract, 3. Actions of the board which delegate specific
authority and duties, 4. Court cases, 5. State statutes. - ANSWER
