CMCA Practice Exam questions and answer
In preparing the association's annual financial report, many governing documents
specify: - Retaining an independent certified public accountant
When a dispute is mediated, the uninvolved third party facilitates discussion and -
Assists both parties in reaching a mutually acceptable agreement
When developing a rule, it must be consistent with.... - Applicable statues and
governing documents
What would impact the operation of a newly installed entry control system? -
Communicating the access control policy to residents
The BOD receives its authority to perform its specific duties through the: -
governing documents
What has the greatest regulatory influence on the management of a community
association? - specific state statutes
What duty does the BOD and manager have to its members? - Loyalty
, CMCA Practice Exam questions and answer
management conducts its day to day operation of the association in accordance
with: - contract
in an initial letter you send to an owner who has violated one of the associations
adopted rules, what is the best way to get the owner in compliance? - Offer to
meet to hear the owner's viewpoint
If you have a proprietary lease in a development, what is your best interest in the
property? - stock membership
a board exercises its fiduciary responsibility by: - establishing internal controls.
the primary purpose of a community association is to - deal with governance and
business
in the hierarchy of a community associations governing documents, what is the
highest authority? - declaration
who has the ultimate responsibility for the care and maintenance of the common
areas, facilities, and physical property? - the board of directors
In preparing the association's annual financial report, many governing documents
specify: - Retaining an independent certified public accountant
When a dispute is mediated, the uninvolved third party facilitates discussion and -
Assists both parties in reaching a mutually acceptable agreement
When developing a rule, it must be consistent with.... - Applicable statues and
governing documents
What would impact the operation of a newly installed entry control system? -
Communicating the access control policy to residents
The BOD receives its authority to perform its specific duties through the: -
governing documents
What has the greatest regulatory influence on the management of a community
association? - specific state statutes
What duty does the BOD and manager have to its members? - Loyalty
, CMCA Practice Exam questions and answer
management conducts its day to day operation of the association in accordance
with: - contract
in an initial letter you send to an owner who has violated one of the associations
adopted rules, what is the best way to get the owner in compliance? - Offer to
meet to hear the owner's viewpoint
If you have a proprietary lease in a development, what is your best interest in the
property? - stock membership
a board exercises its fiduciary responsibility by: - establishing internal controls.
the primary purpose of a community association is to - deal with governance and
business
in the hierarchy of a community associations governing documents, what is the
highest authority? - declaration
who has the ultimate responsibility for the care and maintenance of the common
areas, facilities, and physical property? - the board of directors
