CMCA M100 FINAL SCRIPT PAPER 2026
VERIFIED SOLUTIONS FULL CONTENT
◉ True or false: The role of the professional community association
manager is to make all decisions for the association and to delegate
information-gathering and fact-finding support to the board of
directors.
Answer: False. The professional manager assists the board by
providing information-gathering, implementing board decisions,
and administering services within the policies set by the board.
◉ Which of the following community association committees
typically are assigned responsibilities related to elections,
nominations, and architectural standards? a. standing committees b.
professional committees c. ad hoc committees d. mandatory
committees
Answer: d. mandatory committees. A mandatory committee is
required by the governing documents and is typically assigned
responsibilities such as elections, nominations, and architectural
standards.
◉ In which of the following forms of community association
management is the association managed by the board itself or by
committees under the direction of the board? a. management
,company b. volunteer or self-management c. association-employed
manager d. municipal management
Answer: b. volunteer or self-management. Self-managed
associations handle all community functions, including accounting,
record keeping, and collecting dues. Approximately 150,000 self-
managed associations exist in the U.S.
◉ Complete the following sentence: The board of directors in a
community association has a ________ to act in the best interests and
for the benefit of the community as a whole. a. bond b. fiduciary duty
c. ballot d. quorum
Answer: b. fiduciary duty. The board's fiduciary duty includes two
components: (1) avoiding conflicts of interest and acting out of self-
interest, and (2) managing the association's affairs as reasonable
people would.
◉ Complete the following sentence: The ________ bring the
community association into existence, define its basic purposes and
powers, and indicate whether stock will be issued. a. recorded map,
plat, or plan b. declaration, CC&Rs, or master deed c. proprietary
lease or occupancy agreement d. articles of incorporation
Answer: d. articles of incorporation. A community association's
corporate structure is established when a developer sets up the
association by filing articles of incorporation.
, ◉ True or False: The public offering statement is a governing
document, as it is often distributed along with the governing
documents.
Answer: False. The public offering statement is not a governing
document; it is simply a disclosure that provides information about
the community association to prospective buyers.
◉ Each of the following legal sources specify management authority
and responsibilities for community associations EXCEPT: a. survey
data b. state statutes c. community association governing documents
d. court decisions
Answer: a. survey data. Legal sources such as statutes, governing
documents, and court decisions define the authority or powers of
different parties in a community association.
◉ True or False: The basic authority in a community association lies
with the developer.
Answer: False. The basic authority lies with the owners, who elect a
board to act on their behalf. The governing documents delegate the
majority of decision-making powers to the board.
◉ True or false: The purpose of a community association's
governing documents is to provide for the legal structure and
operation of the community.
Answer: True. The governing documents establish the legal
framework and operation of the community.
VERIFIED SOLUTIONS FULL CONTENT
◉ True or false: The role of the professional community association
manager is to make all decisions for the association and to delegate
information-gathering and fact-finding support to the board of
directors.
Answer: False. The professional manager assists the board by
providing information-gathering, implementing board decisions,
and administering services within the policies set by the board.
◉ Which of the following community association committees
typically are assigned responsibilities related to elections,
nominations, and architectural standards? a. standing committees b.
professional committees c. ad hoc committees d. mandatory
committees
Answer: d. mandatory committees. A mandatory committee is
required by the governing documents and is typically assigned
responsibilities such as elections, nominations, and architectural
standards.
◉ In which of the following forms of community association
management is the association managed by the board itself or by
committees under the direction of the board? a. management
,company b. volunteer or self-management c. association-employed
manager d. municipal management
Answer: b. volunteer or self-management. Self-managed
associations handle all community functions, including accounting,
record keeping, and collecting dues. Approximately 150,000 self-
managed associations exist in the U.S.
◉ Complete the following sentence: The board of directors in a
community association has a ________ to act in the best interests and
for the benefit of the community as a whole. a. bond b. fiduciary duty
c. ballot d. quorum
Answer: b. fiduciary duty. The board's fiduciary duty includes two
components: (1) avoiding conflicts of interest and acting out of self-
interest, and (2) managing the association's affairs as reasonable
people would.
◉ Complete the following sentence: The ________ bring the
community association into existence, define its basic purposes and
powers, and indicate whether stock will be issued. a. recorded map,
plat, or plan b. declaration, CC&Rs, or master deed c. proprietary
lease or occupancy agreement d. articles of incorporation
Answer: d. articles of incorporation. A community association's
corporate structure is established when a developer sets up the
association by filing articles of incorporation.
, ◉ True or False: The public offering statement is a governing
document, as it is often distributed along with the governing
documents.
Answer: False. The public offering statement is not a governing
document; it is simply a disclosure that provides information about
the community association to prospective buyers.
◉ Each of the following legal sources specify management authority
and responsibilities for community associations EXCEPT: a. survey
data b. state statutes c. community association governing documents
d. court decisions
Answer: a. survey data. Legal sources such as statutes, governing
documents, and court decisions define the authority or powers of
different parties in a community association.
◉ True or False: The basic authority in a community association lies
with the developer.
Answer: False. The basic authority lies with the owners, who elect a
board to act on their behalf. The governing documents delegate the
majority of decision-making powers to the board.
◉ True or false: The purpose of a community association's
governing documents is to provide for the legal structure and
operation of the community.
Answer: True. The governing documents establish the legal
framework and operation of the community.
