CMCA Study Guide UPDATED Exam
Questions and CORRECT Answers
CMCA - CORRECT ANSWER - Certified Manager of Community Associations
CAMICB - CORRECT ANSWER - Community Association Managers International
Certification Board
CMCA Examination - CORRECT ANSWER - Certification exam for community association
managers
CMCA Handbook - CORRECT ANSWER - Guide with policies and process for taking the
CMCA examination
Community Association Management - CORRECT ANSWER - Profession of managing
community associations
Rule Development and Enforcement - CORRECT ANSWER - Process of creating and
ensuring compliance with community association rules
Budget and Reserves - CORRECT ANSWER - Financial planning and setting aside funds for
future expenses
Collecting Assessments - CORRECT ANSWER - Gathering payments from community
association members
Financial Statements, Audits, Income Taxes & Investments - CORRECT ANSWER -
Financial reporting, examination, tax obligations, and investment management
, Risk Management and Insurance - CORRECT ANSWER - Identifying and mitigating
potential risks and obtaining appropriate insurance coverage
Property Maintenance and Management - CORRECT ANSWER - Ensuring upkeep and
overseeing the operations of community properties
Contracting - CORRECT ANSWER - Engaging in agreements with vendors and service
providers
Human Resource Management - CORRECT ANSWER - Handling personnel matters within
the community association
CMCA Designees - CORRECT ANSWER - Professionals who have earned the CMCA
credential
Knowledge - CORRECT ANSWER - Comprehensive understanding gained through
coursework and professional development
Experience - CORRECT ANSWER - Practical involvement in community association
management
Integrity - CORRECT ANSWER - Adherence to high ethical standards in professional
conduct
CMCA Program - CORRECT ANSWER - Certification program for community association
managers
Formats for Learning - CORRECT ANSWER - Options for studying and preparing for the
CMCA examination
Independent Study - CORRECT ANSWER - Individual preparation for the examination
Questions and CORRECT Answers
CMCA - CORRECT ANSWER - Certified Manager of Community Associations
CAMICB - CORRECT ANSWER - Community Association Managers International
Certification Board
CMCA Examination - CORRECT ANSWER - Certification exam for community association
managers
CMCA Handbook - CORRECT ANSWER - Guide with policies and process for taking the
CMCA examination
Community Association Management - CORRECT ANSWER - Profession of managing
community associations
Rule Development and Enforcement - CORRECT ANSWER - Process of creating and
ensuring compliance with community association rules
Budget and Reserves - CORRECT ANSWER - Financial planning and setting aside funds for
future expenses
Collecting Assessments - CORRECT ANSWER - Gathering payments from community
association members
Financial Statements, Audits, Income Taxes & Investments - CORRECT ANSWER -
Financial reporting, examination, tax obligations, and investment management
, Risk Management and Insurance - CORRECT ANSWER - Identifying and mitigating
potential risks and obtaining appropriate insurance coverage
Property Maintenance and Management - CORRECT ANSWER - Ensuring upkeep and
overseeing the operations of community properties
Contracting - CORRECT ANSWER - Engaging in agreements with vendors and service
providers
Human Resource Management - CORRECT ANSWER - Handling personnel matters within
the community association
CMCA Designees - CORRECT ANSWER - Professionals who have earned the CMCA
credential
Knowledge - CORRECT ANSWER - Comprehensive understanding gained through
coursework and professional development
Experience - CORRECT ANSWER - Practical involvement in community association
management
Integrity - CORRECT ANSWER - Adherence to high ethical standards in professional
conduct
CMCA Program - CORRECT ANSWER - Certification program for community association
managers
Formats for Learning - CORRECT ANSWER - Options for studying and preparing for the
CMCA examination
Independent Study - CORRECT ANSWER - Individual preparation for the examination
