CORRECT ANSWERS||GRADED A
1. Each of the following are key characteristics of com- c.
munity associations except:
a. mandatory Lien-based economic charges or as-
sessments are levied on each owner in order to op-
erate and maintain the community association
b. membership in the community association is
mandatory and automatic for all owners
c. a requirement of community association ownership
is attending board meetings
d. certain documents bind all owners to be governed
by the community association
2. Each of the following are basic types of residential b.
community associations except:
a. planned community
b. townhouse
c. cooperative
d. condominium
3. A BLANK is a motion that follows a set format and is d.
formally adopted by the board of directors:
a. governing document
b. plat
c. public offering statement
d. resolution
4. c.
, CMCA EXAM LATEST 2024/2025 ACTUAL QUESTIONS AND
CORRECT ANSWERS||GRADED A
Complete the following sentence: a BLANK state
statute is one that applies only to one or more types
of community associations
a. general
b. complex
c. specific
d. uniform
5. Complete the following sentence: the BLANK bring d.
the cooperative into existence, define its basic pur-
poses and powers, and indicate whether stock will be
issued:
a. recorded map, plat, or plan
b. declaration, CC&R's, or master deed
c. proprietary lease or occupancy agreement
d. articles of incorporation
6. Reasons for establishing community rules and archi- d.
tectural guidelines include each of the following ex-
cept:
a. there is the need to create a sense of fairness and
equity among residents
b. in contemporary society, people are more likely to
question and challenge authority
c. in cases where rules have been poorly developed
or enforced, the courts are ruling against community
associations
d. fines are imposed on residents who break commu-
nity rules are frequently the primary source of associ-
ation income