ILLINOIS COMMUNITY ASSOCIATION
MANAGER (CAM) EXAM PRACTICE
QUESTIONS WITH CORRECT ANSWERS
2026
ILLINOIS COMMUNITY ASSOCIATION
MANAGER (CAM) EXAM PRACTICE
QUESTIONS WITH CORRECT ANSWERS
2026
1. Which of the following best describes the primary role of a community
association manager?
A. Enforcing municipal zoning regulations
B. Managing daily operations of a community association
C. Preparing personal tax returns for residents
D. Designing community landscapes
B. Managing daily operations of a community association
Rationale: The primary role of a community association manager is
to oversee the daily operations, maintenance, and administration of
a community association.
2. A fiduciary duty requires a community association manager to:
A. Act in the best interest of the board and members
B. Make all decisions independently
,ILLINOIS COMMUNITY ASSOCIATION
MANAGER (CAM) EXAM PRACTICE
QUESTIONS WITH CORRECT ANSWERS
2026
C. Avoid contact with residents
D. Prioritize personal financial gain
A. Act in the best interest of the board and members Rationale:
Fiduciary duty means placing the interests of the association
and its members above personal interests.
3. Which governing document outlines the rules and restrictions of
a condominium?
A. Bylaws
B. Declaration
C. Articles of Incorporation
D. Meeting Minutes
B. Declaration
Rationale: The declaration is the primary legal document that sets
forth the rules, restrictions, and ownership rights of a condominium.
4. The association’s budget is approved by:
A. The state government
B. The board of directors
C. Individual homeowners
,ILLINOIS COMMUNITY ASSOCIATION
MANAGER (CAM) EXAM PRACTICE
QUESTIONS WITH CORRECT ANSWERS
2026
D. Local real estate agents
B. The board of directors
Rationale: The board of directors approves the annual budget to
manage association finances and operations.
5. What is the primary purpose of the bylaws in a community
association?
A. To dictate state law
B. To outline the association’s internal governance
C. To determine real estate taxes
D. To manage landscaping services
B. To outline the association’s internal governance
Rationale: Bylaws define the rules for board operations, meetings,
elections, and member rights.
6. How often must financial statements typically be prepared for a
community association?
A. Annually
B. Quarterly
C. Monthly
, ILLINOIS COMMUNITY ASSOCIATION
MANAGER (CAM) EXAM PRACTICE
QUESTIONS WITH CORRECT ANSWERS
2026
D. As needed
C. Monthly
Rationale: Monthly financial statements help the board monitor cash
flow, expenses, and budget compliance.
7. A quorum is:
A. The minimum number of members required to conduct official
business
B. A type of financial report
C. A legal contract
D. A maintenance checklist
A. The minimum number of members required to conduct official
business
Rationale: A quorum ensures decisions are made with adequate
member representation.
8. A community association manager must maintain confidentiality
primarily to:
A. Protect the privacy of members
B. Increase profits
MANAGER (CAM) EXAM PRACTICE
QUESTIONS WITH CORRECT ANSWERS
2026
ILLINOIS COMMUNITY ASSOCIATION
MANAGER (CAM) EXAM PRACTICE
QUESTIONS WITH CORRECT ANSWERS
2026
1. Which of the following best describes the primary role of a community
association manager?
A. Enforcing municipal zoning regulations
B. Managing daily operations of a community association
C. Preparing personal tax returns for residents
D. Designing community landscapes
B. Managing daily operations of a community association
Rationale: The primary role of a community association manager is
to oversee the daily operations, maintenance, and administration of
a community association.
2. A fiduciary duty requires a community association manager to:
A. Act in the best interest of the board and members
B. Make all decisions independently
,ILLINOIS COMMUNITY ASSOCIATION
MANAGER (CAM) EXAM PRACTICE
QUESTIONS WITH CORRECT ANSWERS
2026
C. Avoid contact with residents
D. Prioritize personal financial gain
A. Act in the best interest of the board and members Rationale:
Fiduciary duty means placing the interests of the association
and its members above personal interests.
3. Which governing document outlines the rules and restrictions of
a condominium?
A. Bylaws
B. Declaration
C. Articles of Incorporation
D. Meeting Minutes
B. Declaration
Rationale: The declaration is the primary legal document that sets
forth the rules, restrictions, and ownership rights of a condominium.
4. The association’s budget is approved by:
A. The state government
B. The board of directors
C. Individual homeowners
,ILLINOIS COMMUNITY ASSOCIATION
MANAGER (CAM) EXAM PRACTICE
QUESTIONS WITH CORRECT ANSWERS
2026
D. Local real estate agents
B. The board of directors
Rationale: The board of directors approves the annual budget to
manage association finances and operations.
5. What is the primary purpose of the bylaws in a community
association?
A. To dictate state law
B. To outline the association’s internal governance
C. To determine real estate taxes
D. To manage landscaping services
B. To outline the association’s internal governance
Rationale: Bylaws define the rules for board operations, meetings,
elections, and member rights.
6. How often must financial statements typically be prepared for a
community association?
A. Annually
B. Quarterly
C. Monthly
, ILLINOIS COMMUNITY ASSOCIATION
MANAGER (CAM) EXAM PRACTICE
QUESTIONS WITH CORRECT ANSWERS
2026
D. As needed
C. Monthly
Rationale: Monthly financial statements help the board monitor cash
flow, expenses, and budget compliance.
7. A quorum is:
A. The minimum number of members required to conduct official
business
B. A type of financial report
C. A legal contract
D. A maintenance checklist
A. The minimum number of members required to conduct official
business
Rationale: A quorum ensures decisions are made with adequate
member representation.
8. A community association manager must maintain confidentiality
primarily to:
A. Protect the privacy of members
B. Increase profits
