CMCA EXAM TESTBANK 2026/2027 PREP QUESTIONS AND STUDY
GUIDE COMPLETE ACCURATE EXAM APPROVED QUESTIONS
WITH WELL ELABORATED ANSWERS AND RATIONALES
(RELIABLE ANSWERS) CURRENTLY UPDATED VERSION 2026
EDITION |GUARANTEED SUCCESS A+ (BRAND NEW!) FULL REVISED
CMCA ACTUAL EXAM
1. Which federal law requires community associations to provide specific
disclosures to prospective buyers regarding the location of flood hazards?
A) The National Flood Insurance Act
B) The Flood Disaster Protection Act
C) The Real Estate Settlement Procedures Act
D) The Truth in Lending Act
CORRECT ANSWER: B) The Flood Disaster Protection Act
Rationale: The Flood Disaster Protection Act (FDPA) mandates that lenders
require flood insurance for properties in designated Special Flood Hazard Areas
and that sellers disclose known flood hazards. The National Flood Insurance Act
created the NFIP program, but the disclosure requirement to buyers is specifically
tied to the FDPA.
2. When a community association board enters into a contract for landscaping
services valued at $5,000, which of the following is the MOST important initial
step to ensure the contract is enforceable?
A) Obtaining a verbal agreement from the property manager
B) Ensuring the contract is in writing and signed by an authorized board member
C) Posting the contract on the community bulletin board for 30 days
D) Having the contract notarized by a public notary
,CORRECT ANSWER: B) Ensuring the contract is in writing and signed by an
authorized board member
Rationale: The statute of frauds generally requires contracts for services exceeding
a one-year term or certain dollar thresholds to be in writing. More critically, the
board must have the authority to bind the association, and this is typically done
through a signed written contract by an authorized officer or board member.
3. Which of the following is a primary responsibility of the Community
Association Manager (CMCA) regarding the association’s reserve fund?
A) To personally invest reserve funds in high-yield stocks
B) To ensure that a reserve study is conducted and reviewed periodically
C) To guarantee that special assessments are never needed
D) To use reserve funds for any operational shortfall without board approval
CORRECT ANSWER: B) To ensure that a reserve study is conducted and
reviewed periodically
Rationale: The manager’s role is to advise the board and facilitate financial
planning. This includes recommending and reviewing professional reserve studies
to ensure adequate funding for major repairs and replacements, though the ultimate
decision on funding rests with the board.
4. An owner sends a written complaint to the manager alleging that the board
violated the Open Meeting Act by discussing a rule change in a closed executive
session. The manager’s FIRST course of action should be:
A) Immediately send a formal apology to the owner
B) Ignore the complaint as owners have no standing to enforce the Act
C) Review the meeting minutes and consult with legal counsel to determine if a
violation occurred
,D) Schedule a special meeting to rescind the rule change
CORRECT ANSWER: C) Review the meeting minutes and consult with legal
counsel to determine if a violation occurred
Rationale: The manager should not admit fault or take remedial action without
understanding the facts. The proper course is to review the record, consult legal
counsel to interpret the law and facts, and then advise the board on the appropriate
action.
5. Under the Fair Housing Act (FHA), which of the following is considered a
protected class?
A) Political affiliation
B) Source of income
C) Marital status
D) Familial status
CORRECT ANSWER: D) Familial status
Rationale: The federal Fair Housing Act protects seven classes: race, color,
religion, sex, national origin, familial status, and disability. Source of income and
marital status are not federally protected classes, though they may be protected
under state or local law.
6. A community association’s governing documents are silent on the issue of
electronic voting. The board proposes to adopt electronic voting. What is the
MOST critical consideration for the manager?
A) Ensuring the software is user-friendly
B) Determining if state statutes or the association’s bylaws permit electronic voting
C) Ensuring the cost is less than paper ballot voting
D) Getting a majority vote of the board to implement the policy
, CORRECT ANSWER: B) Determining if state statutes or the association’s bylaws
permit electronic voting
Rationale: The governing documents and state law are the primary sources of
authority. If they are silent, the manager and board must check if the state’s
nonprofit corporation act or condominium act authorizes electronic voting.
Without legal authority, the voting process could be invalidated.
7. Which of the following documents serves as the foundational legal instrument
that creates the condominium and defines the units and common elements?
A) The Bylaws
B) The Articles of Incorporation
C) The Declaration (or Master Deed)
D) The Rules and Regulations
CORRECT ANSWER: C) The Declaration (or Master Deed)
Rationale: The Declaration is the document that establishes the condominium
regime, describes the property, allocates ownership interests, and defines the units
and common elements. The Bylaws govern the operation of the association, and
the Articles of Incorporation establish the corporate entity.
8. When preparing the annual budget, the CMCA should recommend to the board
that the reserve contribution be based on:
A) The maximum amount the association can afford
B) The minimum amount required by the lender
C) A professional reserve study or funding plan
D) The previous year’s contribution plus inflation
GUIDE COMPLETE ACCURATE EXAM APPROVED QUESTIONS
WITH WELL ELABORATED ANSWERS AND RATIONALES
(RELIABLE ANSWERS) CURRENTLY UPDATED VERSION 2026
EDITION |GUARANTEED SUCCESS A+ (BRAND NEW!) FULL REVISED
CMCA ACTUAL EXAM
1. Which federal law requires community associations to provide specific
disclosures to prospective buyers regarding the location of flood hazards?
A) The National Flood Insurance Act
B) The Flood Disaster Protection Act
C) The Real Estate Settlement Procedures Act
D) The Truth in Lending Act
CORRECT ANSWER: B) The Flood Disaster Protection Act
Rationale: The Flood Disaster Protection Act (FDPA) mandates that lenders
require flood insurance for properties in designated Special Flood Hazard Areas
and that sellers disclose known flood hazards. The National Flood Insurance Act
created the NFIP program, but the disclosure requirement to buyers is specifically
tied to the FDPA.
2. When a community association board enters into a contract for landscaping
services valued at $5,000, which of the following is the MOST important initial
step to ensure the contract is enforceable?
A) Obtaining a verbal agreement from the property manager
B) Ensuring the contract is in writing and signed by an authorized board member
C) Posting the contract on the community bulletin board for 30 days
D) Having the contract notarized by a public notary
,CORRECT ANSWER: B) Ensuring the contract is in writing and signed by an
authorized board member
Rationale: The statute of frauds generally requires contracts for services exceeding
a one-year term or certain dollar thresholds to be in writing. More critically, the
board must have the authority to bind the association, and this is typically done
through a signed written contract by an authorized officer or board member.
3. Which of the following is a primary responsibility of the Community
Association Manager (CMCA) regarding the association’s reserve fund?
A) To personally invest reserve funds in high-yield stocks
B) To ensure that a reserve study is conducted and reviewed periodically
C) To guarantee that special assessments are never needed
D) To use reserve funds for any operational shortfall without board approval
CORRECT ANSWER: B) To ensure that a reserve study is conducted and
reviewed periodically
Rationale: The manager’s role is to advise the board and facilitate financial
planning. This includes recommending and reviewing professional reserve studies
to ensure adequate funding for major repairs and replacements, though the ultimate
decision on funding rests with the board.
4. An owner sends a written complaint to the manager alleging that the board
violated the Open Meeting Act by discussing a rule change in a closed executive
session. The manager’s FIRST course of action should be:
A) Immediately send a formal apology to the owner
B) Ignore the complaint as owners have no standing to enforce the Act
C) Review the meeting minutes and consult with legal counsel to determine if a
violation occurred
,D) Schedule a special meeting to rescind the rule change
CORRECT ANSWER: C) Review the meeting minutes and consult with legal
counsel to determine if a violation occurred
Rationale: The manager should not admit fault or take remedial action without
understanding the facts. The proper course is to review the record, consult legal
counsel to interpret the law and facts, and then advise the board on the appropriate
action.
5. Under the Fair Housing Act (FHA), which of the following is considered a
protected class?
A) Political affiliation
B) Source of income
C) Marital status
D) Familial status
CORRECT ANSWER: D) Familial status
Rationale: The federal Fair Housing Act protects seven classes: race, color,
religion, sex, national origin, familial status, and disability. Source of income and
marital status are not federally protected classes, though they may be protected
under state or local law.
6. A community association’s governing documents are silent on the issue of
electronic voting. The board proposes to adopt electronic voting. What is the
MOST critical consideration for the manager?
A) Ensuring the software is user-friendly
B) Determining if state statutes or the association’s bylaws permit electronic voting
C) Ensuring the cost is less than paper ballot voting
D) Getting a majority vote of the board to implement the policy
, CORRECT ANSWER: B) Determining if state statutes or the association’s bylaws
permit electronic voting
Rationale: The governing documents and state law are the primary sources of
authority. If they are silent, the manager and board must check if the state’s
nonprofit corporation act or condominium act authorizes electronic voting.
Without legal authority, the voting process could be invalidated.
7. Which of the following documents serves as the foundational legal instrument
that creates the condominium and defines the units and common elements?
A) The Bylaws
B) The Articles of Incorporation
C) The Declaration (or Master Deed)
D) The Rules and Regulations
CORRECT ANSWER: C) The Declaration (or Master Deed)
Rationale: The Declaration is the document that establishes the condominium
regime, describes the property, allocates ownership interests, and defines the units
and common elements. The Bylaws govern the operation of the association, and
the Articles of Incorporation establish the corporate entity.
8. When preparing the annual budget, the CMCA should recommend to the board
that the reserve contribution be based on:
A) The maximum amount the association can afford
B) The minimum amount required by the lender
C) A professional reserve study or funding plan
D) The previous year’s contribution plus inflation
