CMCA Practice Exam Study Guide | Complete
Question Bank with Actual Exam Questions with
Verified Answers and Detailed Rationales | Latest
Update -2026/2027 Edition
Question 1
Quorum requirements conflicts are resolved by:
A. state statute
B. the board of directors
C. a vote of those present at a meeting
D. appointment of a person as a proxy
Answer: A
Rationale: Quorum requirements are established by state statute, which provides
the legal framework for community association governance. State statutes dictate
the minimum number of members required to conduct official business.
Question 2
Fidelity insurance provides coverage to ensure that the:
A. board will meet its fiduciary obligations
B. manager will faithfully follow all document provisions
C. association will be covered for shortfalls in the reserve accounts
D. association will recover any funds lost through employee dishonesty
Answer: D
Rationale: Fidelity insurance (also known as employee dishonesty insurance)
protects the association against financial losses resulting from fraudulent or
dishonest acts committed by employees or board members. It does not cover
shortfalls in reserve accounts or ensure fiduciary obligations.
Question 3
Which types of management is the process of operating, maintaining, repairing,
and replacing common property?
A. human resources
B. facilities
pg. 1
,C. financial
D. risk
Answer: B
Rationale: Facilities management involves the operation, maintenance, repair, and
replacement of common property and physical assets. Human resources (A)
manages personnel. Financial (C) manages money. Risk (D) manages exposure to
loss.
Question 4
The higher a document's place in the hierarchy, the:
A. harder it is to implement
B. greater its power with the board
C. more it is regulated legally
D. greater its legal weight in a court of law
Answer: D
Rationale: In the hierarchy of community association governing documents,
documents higher in the hierarchy have greater legal weight in a court of law. The
hierarchy typically follows: Federal and State Laws, Declaration/CC&Rs, Bylaws,
Rules and Regulations.
Question 5
Based on which type of requirements would you choose a contractor over the
association to complete work?
A. low urgency, cost adequate tools available
B. high urgency, low supervision and training possibly needed
C. requires supervision, expertise required and low urgency
D. low costs, high urgency and borrowed tools
Answer: C
Rationale: A contractor should be chosen when the work requires supervision,
expertise, and has low urgency. This allows the association to ensure quality work
without disrupting daily operations.
Question 6
Who is required to be present for an annual association membership meeting to
conduct business?
pg. 2
,A. the treasurer and the secretary
B. a quorum of the board of directors
C. all members of the board of directors
D. a quorum of the members
Answer: D
Rationale: A quorum of the members is required to conduct business at an annual
membership meeting. The board of directors (B) conducts board meetings, not
membership meetings.
Question 7
Which of the following would a condominium unit member's personal insurance
policy cover when it is the primary insurance policy?
A. wind damage to the roof of the member's unit
B. bodily injury due to a slip and fall in the common area in front of the member's
unit
C. bodily injury due to the association using the member's automobile
D. bodily injury due to a slip and fall within a member's unit
Answer: D
Rationale: A condominium unit member's personal insurance policy covers bodily
injury due to a slip and fall within the member's unit. The association's policy
typically covers common areas (B) and exterior structures like roofs (A).
Question 8
Community association governing documents and state statutes may require who
to be involved in preparing annual reports?
A. a CPA
B. the owners
C. an ad hoc committee
D. the management company
Answer: A
Rationale: A CPA (Certified Public Accountant) may be required to prepare
annual reports, especially for financial audits or reviews. State statutes and
governing documents often mandate CPA involvement for financial reporting.
Question 9
pg. 3
, What is a typical management control used to identify physical assets?
A. checklist
B. chart of information
C. inventory
D. calendar or schedule
Answer: C
Rationale: An inventory is a typical management control used to identify physical
assets. Inventories track location, condition, and value of assets, aiding in
maintenance and replacement planning.
Question 10
When a contractor fails to perform to the terms of the contract, which provision in
the contract allows the association to terminate?
A. default provisions
B. warranty provisions
C. insurance provisions
D. performance provisions
Answer: A
Rationale: Default provisions allow the association to terminate the contract when
a contractor fails to perform according to the terms. Warranty provisions (B) cover
defects. Insurance provisions (C) cover liability. Performance provisions (D)
define expectations.
Question 11
Where can an individual find the owner and association's maintenance
responsibilities?
A. the plat map
B. the declaration
C. the state statute
D. the lease
Answer: B
Rationale: The declaration (CC&Rs) typically contains the maintenance
responsibilities for both owners and the association. The plat map (A) shows
property boundaries. State statutes (C) provide general legal framework.
pg. 4
Question Bank with Actual Exam Questions with
Verified Answers and Detailed Rationales | Latest
Update -2026/2027 Edition
Question 1
Quorum requirements conflicts are resolved by:
A. state statute
B. the board of directors
C. a vote of those present at a meeting
D. appointment of a person as a proxy
Answer: A
Rationale: Quorum requirements are established by state statute, which provides
the legal framework for community association governance. State statutes dictate
the minimum number of members required to conduct official business.
Question 2
Fidelity insurance provides coverage to ensure that the:
A. board will meet its fiduciary obligations
B. manager will faithfully follow all document provisions
C. association will be covered for shortfalls in the reserve accounts
D. association will recover any funds lost through employee dishonesty
Answer: D
Rationale: Fidelity insurance (also known as employee dishonesty insurance)
protects the association against financial losses resulting from fraudulent or
dishonest acts committed by employees or board members. It does not cover
shortfalls in reserve accounts or ensure fiduciary obligations.
Question 3
Which types of management is the process of operating, maintaining, repairing,
and replacing common property?
A. human resources
B. facilities
pg. 1
,C. financial
D. risk
Answer: B
Rationale: Facilities management involves the operation, maintenance, repair, and
replacement of common property and physical assets. Human resources (A)
manages personnel. Financial (C) manages money. Risk (D) manages exposure to
loss.
Question 4
The higher a document's place in the hierarchy, the:
A. harder it is to implement
B. greater its power with the board
C. more it is regulated legally
D. greater its legal weight in a court of law
Answer: D
Rationale: In the hierarchy of community association governing documents,
documents higher in the hierarchy have greater legal weight in a court of law. The
hierarchy typically follows: Federal and State Laws, Declaration/CC&Rs, Bylaws,
Rules and Regulations.
Question 5
Based on which type of requirements would you choose a contractor over the
association to complete work?
A. low urgency, cost adequate tools available
B. high urgency, low supervision and training possibly needed
C. requires supervision, expertise required and low urgency
D. low costs, high urgency and borrowed tools
Answer: C
Rationale: A contractor should be chosen when the work requires supervision,
expertise, and has low urgency. This allows the association to ensure quality work
without disrupting daily operations.
Question 6
Who is required to be present for an annual association membership meeting to
conduct business?
pg. 2
,A. the treasurer and the secretary
B. a quorum of the board of directors
C. all members of the board of directors
D. a quorum of the members
Answer: D
Rationale: A quorum of the members is required to conduct business at an annual
membership meeting. The board of directors (B) conducts board meetings, not
membership meetings.
Question 7
Which of the following would a condominium unit member's personal insurance
policy cover when it is the primary insurance policy?
A. wind damage to the roof of the member's unit
B. bodily injury due to a slip and fall in the common area in front of the member's
unit
C. bodily injury due to the association using the member's automobile
D. bodily injury due to a slip and fall within a member's unit
Answer: D
Rationale: A condominium unit member's personal insurance policy covers bodily
injury due to a slip and fall within the member's unit. The association's policy
typically covers common areas (B) and exterior structures like roofs (A).
Question 8
Community association governing documents and state statutes may require who
to be involved in preparing annual reports?
A. a CPA
B. the owners
C. an ad hoc committee
D. the management company
Answer: A
Rationale: A CPA (Certified Public Accountant) may be required to prepare
annual reports, especially for financial audits or reviews. State statutes and
governing documents often mandate CPA involvement for financial reporting.
Question 9
pg. 3
, What is a typical management control used to identify physical assets?
A. checklist
B. chart of information
C. inventory
D. calendar or schedule
Answer: C
Rationale: An inventory is a typical management control used to identify physical
assets. Inventories track location, condition, and value of assets, aiding in
maintenance and replacement planning.
Question 10
When a contractor fails to perform to the terms of the contract, which provision in
the contract allows the association to terminate?
A. default provisions
B. warranty provisions
C. insurance provisions
D. performance provisions
Answer: A
Rationale: Default provisions allow the association to terminate the contract when
a contractor fails to perform according to the terms. Warranty provisions (B) cover
defects. Insurance provisions (C) cover liability. Performance provisions (D)
define expectations.
Question 11
Where can an individual find the owner and association's maintenance
responsibilities?
A. the plat map
B. the declaration
C. the state statute
D. the lease
Answer: B
Rationale: The declaration (CC&Rs) typically contains the maintenance
responsibilities for both owners and the association. The plat map (A) shows
property boundaries. State statutes (C) provide general legal framework.
pg. 4
