Community Associations) Actual Exam
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1. What does CMCA stand for?
A. Certified Municipal Community Administrator
B. Certified Manager of Community Associations
C. Community Management Certification Authority
D. Certified Management Compliance Associate
Answer: B
Rationale: CMCA stands for Certified Manager of Community Associations, a
nationally recognized credential for community association managers.
2. What is the primary role of a community association manager?
A. Serve as board president
B. Manage association operations according to board direction
C. Own association property
D. Vote on behalf of homeowners
Answer: B
Rationale: Managers implement board policies and oversee daily operations.
3. Who has the ultimate authority to make policy decisions in a community
association?
A. Community manager
B. Homeowners individually
,C. Board of directors
D. Vendors
Answer: C
Rationale: The board of directors governs the association and establishes policies.
4. What is the primary purpose of an association's governing documents?
A. Market homes
B. Establish rules, authority, and responsibilities
C. Collect taxes
D. Hire contractors
Answer: B
Rationale: Governing documents define how the association operates.
5. Which document generally establishes the association's existence?
A. Meeting minutes
B. Articles of Incorporation
C. Newsletter
D. Budget report
Answer: B
Rationale: Articles of Incorporation legally create the association.
6. What is the primary purpose of bylaws?
A. Describe architectural styles
B. Establish operational and governance procedures
C. Set utility rates
D. Define property boundaries
Answer: B
Rationale: Bylaws govern elections, meetings, and board operations.
, 7. What are CC&Rs?
A. Construction contracts
B. Covenants, Conditions, and Restrictions
C. Community Cost Reports
D. Certified Compliance Regulations
Answer: B
Rationale: CC&Rs establish restrictions and obligations for owners.
8. What is a fiduciary duty?
A. Personal financial gain
B. Duty to act in the association's best interests
C. Right to ignore policies
D. Vendor responsibility
Answer: B
Rationale: Board members and managers must act for the benefit of the
association.
9. What is the purpose of a reserve fund?
A. Pay routine monthly bills
B. Finance major future repairs and replacements
C. Cover employee bonuses
D. Pay legal settlements only
Answer: B
Rationale: Reserve funds prepare for significant capital expenses.
10. What is an operating budget?
A. Budget for future replacement projects
B. Budget for day-to-day expenses