CMCA: M100 Review New!! 100% verified correct 2025/2026 with complete solution RATED A+

CMCA: M100 Review New!! 100% verified correct
2025/2026 with complete solution RATED A+

Which of the following community association committees typically are assigned responsibilities
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related to elections, nominations, and architectural standards? a. standing committees b.
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professional committees c. ad hoc committees d. mandatory committees - Answers d. mandatory
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committees. A mandatory committee is required by the governing documents and is typically
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assigned responsibilities such as elections, nominations, and architectural standards.
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True or false: The role of the professional community association manager is to make all decisions
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for the association and to delegate information-gathering and fact-finding support to the board of
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directors. - Answers False. The professional manager assists the board by providing information-
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gathering, implementing board decisions, and administering services within the policies set by the
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board.
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Il` In which of the following forms of community association management is the association
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Il` managed by the board itself or by committees under the direction of the board? a. management
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Il` company b. volunteer or self-management c. association-employed manager d. municipal
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Il` management - Answers b. volunteer or self-management. Self-managed associations handle all Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`




Il` community functions, including accounting, record keeping, and collecting dues. Approximately
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Il` 150,000 self-managed associations exist in the U.S.
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Il` Complete the following sentence: The board of directors in a community association has a
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Il` ________ to act in the best interests and for the benefit of the community as a whole. a. bond b.
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Il` fiduciary duty c. ballot d. quorum - Answers b. fiduciary duty. The board's fiduciary duty includes
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Il` two components: (1) avoiding conflicts of interest and acting out of self-interest, and (2)
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Il` managing the association's affairs as reasonable people would. Il` Il` Il` Il` Il` Il` Il`




Il` Complete the following sentence: The ________ bring the community association into existence,
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Il` define its basic purposes and powers, and indicate whether stock will be issued. a. recorded map,
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Il` plat, or plan b. declaration, CC&Rs, or master deed c. proprietary lease or occupancy agreement
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Il` d. articles of incorporation - Answers d. articles of incorporation. A community association's
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, Il` corporate structure is established when a developer sets up the association by filing articles of
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Il` incorporation.



Il` True or False: The public offering statement is a governing document, as it is often distributed
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Il` along with the governing documents. - Answers False. The public offering statement is not a
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Il` governing document; it is simply a disclosure that provides information about the community
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Il` association to prospective buyers. Il` Il` Il`




Il` Each of the following legal sources specify management authority and responsibilities for
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Il` community associations EXCEPT: a. survey data b. state statutes c. community association
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Il` governing documents d. court decisions - Answers a. survey data. Legal sources such as statutes,
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Il` governing documents, and court decisions define the authority or powers of different parties in a
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Il` community association. Il`




Il` True or False: The basic authority in a community association lies with the developer. - Answers
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Il` False. The basic authority lies with the owners, who elect a board to act on their behalf. The
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Il` governing documents delegate the majority of decision-making powers to the board.
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Il` True or false: The purpose of a community association's governing documents is to provide for
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Il` the legal structure and operation of the community. - Answers True. The governing documents
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Il` establish the legal framework and operation of the community.
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Il` True or false: According to the general hierarchy of authority for governing documents, the
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Il` bylaws would control in a conflict with the recorded map, plat, or plan. - Answers False. The
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Il` recorded map, plat, or plan is above the bylaws in the hierarchy and would prevail in such a
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Il` conflict.



Il` Complete the following sentence: A _______ state statute is one that applies only to one or more
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Il` types of community associations. a. general b. complex c. specific d. uniform - Answers c. specific.
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Il` A specific state statute is one that applies only to certain types of community associations. For
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Il` example, many states have a condominium act that provides for the establishment and operation
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