CMCA EXAM 2024|150 REAL EXAM
QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) | GRADE A+
Why are special membership meetings held? - CORRECT ANS✔✔ To
conduct specific business
Executive sessions should typically be used for discussing which of the
following issues: - CORRECT ANS✔✔ Member's delinquency
Which of the following is a duty of a manager attending a board meeting?
- CORRECT ANS✔✔ Be the time keeper.
If the governing documents and laws present conflicting notice periods, follow:
- CORRECT ANS✔✔ State laws.
If an owner fails to receive notice of a meeting, the association is not responsible
if the owner: - CORRECT ANS✔✔ Did not notify the association of their current
address.
Board meeting minutes should include which of the following: - CORRECT
ANS✔✔ Exact wording of each motion.
If a proxy vote needs to be approved, the best option for an approver would be:
- CORRECT ANS✔✔ The secretary.
Where would a manager find guidelines regarding the association's
responsibility for maintaining physical assets? - CORRECT ANS✔✔ Board
resolutions.
The primary management control tool for identifying whether the
association needs to maintain a particular property element is: - CORRECT
ANS✔✔ Maintenance responsibility chart.
To determine which physical assets must be maintained by the association,
the manager should: - CORRECT ANS✔✔ Review the association
governing documents.
, Which of the following is a common management control for ensuring
maintenance work is performed in a timely manner? - CORRECT
ANS✔✔ A work order/response form.
When monitoring maintenance of an association's swimming pool, which of the
following should be entered into a permanent log at regular intervals? -
CORRECT ANS✔✔ Chlorine level readings.
Which of the following is an example of an association control system?
- CORRECT ANS✔✔ Frequent neighborhood inspections.
A work order: - CORRECT ANS✔✔ Assigns maintenance tasks.
Which type of maintenance should be managed with a routine
maintenance contract? - CORRECT ANS✔✔ Cutting the grass
Which method is the best alternative to increasing assessments? -
CORRECT ANS✔✔ Increasing income by charging higher user fees.
When the Board reviews the proposed budget for approval, what should
it consider? - CORRECT ANS✔✔ The financial position of the
association.
What is the primary source of requirements when developing the
association's annual maintenance budget? - CORRECT ANS✔✔ Governing
documents.
When an association contracts out all of its service and has no employees, it is
a best business practice to: - CORRECT ANS✔✔ Negotiate contracts within
the bidding process.
Directors and officers liability insurance is designed to cover claims
resulting from: - CORRECT ANS✔✔ Wrongful acts of employees of the
association.
A component of building ordinance insurance coverage includes: -
CORRECT ANS✔✔ Extra demolition.
Which of the following types of insurance coverage is one of limited value to
a community association? - CORRECT ANS✔✔ Assessment fee receivable.
What section of an insurance policy describes the coverage limits,
deductibles, policy period, and premium? - CORRECT ANS✔✔ Declaration
page(s).
QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) | GRADE A+
Why are special membership meetings held? - CORRECT ANS✔✔ To
conduct specific business
Executive sessions should typically be used for discussing which of the
following issues: - CORRECT ANS✔✔ Member's delinquency
Which of the following is a duty of a manager attending a board meeting?
- CORRECT ANS✔✔ Be the time keeper.
If the governing documents and laws present conflicting notice periods, follow:
- CORRECT ANS✔✔ State laws.
If an owner fails to receive notice of a meeting, the association is not responsible
if the owner: - CORRECT ANS✔✔ Did not notify the association of their current
address.
Board meeting minutes should include which of the following: - CORRECT
ANS✔✔ Exact wording of each motion.
If a proxy vote needs to be approved, the best option for an approver would be:
- CORRECT ANS✔✔ The secretary.
Where would a manager find guidelines regarding the association's
responsibility for maintaining physical assets? - CORRECT ANS✔✔ Board
resolutions.
The primary management control tool for identifying whether the
association needs to maintain a particular property element is: - CORRECT
ANS✔✔ Maintenance responsibility chart.
To determine which physical assets must be maintained by the association,
the manager should: - CORRECT ANS✔✔ Review the association
governing documents.
, Which of the following is a common management control for ensuring
maintenance work is performed in a timely manner? - CORRECT
ANS✔✔ A work order/response form.
When monitoring maintenance of an association's swimming pool, which of the
following should be entered into a permanent log at regular intervals? -
CORRECT ANS✔✔ Chlorine level readings.
Which of the following is an example of an association control system?
- CORRECT ANS✔✔ Frequent neighborhood inspections.
A work order: - CORRECT ANS✔✔ Assigns maintenance tasks.
Which type of maintenance should be managed with a routine
maintenance contract? - CORRECT ANS✔✔ Cutting the grass
Which method is the best alternative to increasing assessments? -
CORRECT ANS✔✔ Increasing income by charging higher user fees.
When the Board reviews the proposed budget for approval, what should
it consider? - CORRECT ANS✔✔ The financial position of the
association.
What is the primary source of requirements when developing the
association's annual maintenance budget? - CORRECT ANS✔✔ Governing
documents.
When an association contracts out all of its service and has no employees, it is
a best business practice to: - CORRECT ANS✔✔ Negotiate contracts within
the bidding process.
Directors and officers liability insurance is designed to cover claims
resulting from: - CORRECT ANS✔✔ Wrongful acts of employees of the
association.
A component of building ordinance insurance coverage includes: -
CORRECT ANS✔✔ Extra demolition.
Which of the following types of insurance coverage is one of limited value to
a community association? - CORRECT ANS✔✔ Assessment fee receivable.
What section of an insurance policy describes the coverage limits,
deductibles, policy period, and premium? - CORRECT ANS✔✔ Declaration
page(s).
