CMCA EXAMINATION STUDY GUIDE QUESTIONS & ANSWERS. GRADED A+

CMCA EXAMINATION STUDY GUIDE
QUESTIONS & ANSWERS.
GRADED A+

QUESTIONS AND ANSWERS

CMCA. ANSWER - Certified Manager of Community Associations credential


CAMICB. ANSWER - Community Association Managers International
Certification Board


CMCA Examination. ANSWER - Exam for community association managers to
earn CMCA credential


CMCA Handbook. ANSWER - Official guide for CMCA examination policies and
procedures


Community Association Management. ANSWER - Professional management of
community associations


Rule Development and Enforcement. ANSWER - Process of creating and
ensuring compliance with community rules


Budget and Reserves. ANSWER - Financial planning and setting aside funds for
future expenses

, Collecting Assessments. ANSWER - Gathering payments from community
members for association expenses


Financial Statements, Audits, Income Taxes & Investments. ANSWER -
Documentation and examination of association finances and investments


Risk Management and Insurance. ANSWER - Identifying and managing
potential risks and securing insurance coverage


Property Maintenance and Management. ANSWER - Supervision and upkeep of
community properties


Contracting. ANSWER - Engaging in agreements for services or projects within
the community


Human Resource Management. ANSWER - Administration of personnel within
community association management


CMCA Designees. ANSWER - Individuals who have earned the CMCA
credential


CMCA Standards of Professional Conduct. ANSWER - Guidelines for ethical
behavior and professionalism for CMCA holders


CMCA Examination Blueprint. ANSWER - Outline of core knowledge areas
tested on the CMCA exam


Continuing Education Requirements. ANSWER - Obligations for ongoing
learning to maintain CMCA credential