CMCA PRACTICE EXAM EXAM SCRIPT 2026
QUESTIONS WITH COMPLETE SOLUTIONS
GRADED A+
◉ If an owner fails to receive notice of a meeting, the association is
not responsible if the owner:
A. Did not notify association of their current address.
B. Does not usually attend the meetings.
C. Already signed the petition to call the meeting.
D. Shares title with multiple owners.. Answer: A. Did not notify
association of their current address. It is the owner's responsibility
to provide current contact information to Management.
◉ What is the primary source of requirements when developing the
association's annual maintenance budget?
A. Governing documents
B. State law
C. Annual audit
D. Reserve Study. Answer: A. Governing documents
,◉ The best reasoning for recommending the modified accrual
accounting method is that, compared to cash accounting, it:
A. Will make future audit work more accurate.
B. More accurately reflects the association's financial condition.
C. Is more easily understood by board members.
D. Can be accomplishment more quickly.. Answer: B. More accurately
reflects the association's financial condition. Under the modified
accrual basis, also sometimes referred to as modified cash basis,
some accounts, such as assessment income, are maintained on the
accrual basis and other accounts, such as interest or other
miscellaneous income accounts, and some expenses, such as
miscellaneous repairs, are maintained on a cash basis. The accrual of
major expenses in particular, such as a contract for landscaping,
trash removal, etc., regardless of non-receipt invoices, gives the read
a much more accurate depiction of the association's financial
standing, as the accruals serve to alert the reader to recognition of
obligations that the association must meet.
◉ TRUE OR FALSE:
The basic authority in a community association lies with the
developer.. Answer: FALSE
,◉ 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
◉ When developing a rule, it must be consistent with:
A. Fine schedules as approved by the courts
B. Board recommendations and resolutions
C. Guidelines established within the governing documents
D. Applicable statues and governing documents. Answer: D.
Applicable statues and governing documents. Rules cannot conflict
with statues and governing documents.
◉ In an initial letter you send to an owner who has violated one of
the association's adopted rules, which of the following is included?
A. The amount of fine assessed.
B. Steps to amend the rules.
, C. The offer to meet to hear the owner's viewpoint.
D. What the outcome of similar cases has been.. Answer: C. The offer
to meet to hear the owner's viewpoint. Best way to get compliance is
to let owner be heard and explain rule to the owner. Knowledge
Tested: Successful rule enforcement Procedures.
◉ If the governing documents and laws present conflicting notice
periods, follow:
a. The bylaws
b. State laws
c. Your attorney's advice
d. Declarations. Answer: b. State laws -
◉ Which of the following is a duty of a manager attending a board
meeting?
a. Call the meeting to order.
b. Establish the agenda.
c. Take the minutes of the meeting.
d. Be the time keeper. Answer: d. Be the time keeper -
QUESTIONS WITH COMPLETE SOLUTIONS
GRADED A+
◉ If an owner fails to receive notice of a meeting, the association is
not responsible if the owner:
A. Did not notify association of their current address.
B. Does not usually attend the meetings.
C. Already signed the petition to call the meeting.
D. Shares title with multiple owners.. Answer: A. Did not notify
association of their current address. It is the owner's responsibility
to provide current contact information to Management.
◉ What is the primary source of requirements when developing the
association's annual maintenance budget?
A. Governing documents
B. State law
C. Annual audit
D. Reserve Study. Answer: A. Governing documents
,◉ The best reasoning for recommending the modified accrual
accounting method is that, compared to cash accounting, it:
A. Will make future audit work more accurate.
B. More accurately reflects the association's financial condition.
C. Is more easily understood by board members.
D. Can be accomplishment more quickly.. Answer: B. More accurately
reflects the association's financial condition. Under the modified
accrual basis, also sometimes referred to as modified cash basis,
some accounts, such as assessment income, are maintained on the
accrual basis and other accounts, such as interest or other
miscellaneous income accounts, and some expenses, such as
miscellaneous repairs, are maintained on a cash basis. The accrual of
major expenses in particular, such as a contract for landscaping,
trash removal, etc., regardless of non-receipt invoices, gives the read
a much more accurate depiction of the association's financial
standing, as the accruals serve to alert the reader to recognition of
obligations that the association must meet.
◉ TRUE OR FALSE:
The basic authority in a community association lies with the
developer.. Answer: FALSE
,◉ 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
◉ When developing a rule, it must be consistent with:
A. Fine schedules as approved by the courts
B. Board recommendations and resolutions
C. Guidelines established within the governing documents
D. Applicable statues and governing documents. Answer: D.
Applicable statues and governing documents. Rules cannot conflict
with statues and governing documents.
◉ In an initial letter you send to an owner who has violated one of
the association's adopted rules, which of the following is included?
A. The amount of fine assessed.
B. Steps to amend the rules.
, C. The offer to meet to hear the owner's viewpoint.
D. What the outcome of similar cases has been.. Answer: C. The offer
to meet to hear the owner's viewpoint. Best way to get compliance is
to let owner be heard and explain rule to the owner. Knowledge
Tested: Successful rule enforcement Procedures.
◉ If the governing documents and laws present conflicting notice
periods, follow:
a. The bylaws
b. State laws
c. Your attorney's advice
d. Declarations. Answer: b. State laws -
◉ Which of the following is a duty of a manager attending a board
meeting?
a. Call the meeting to order.
b. Establish the agenda.
c. Take the minutes of the meeting.
d. Be the time keeper. Answer: d. Be the time keeper -
