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CMCA |Certified Manager of Community Associations|Examinations Bundle
CMCA |Certified Manager of Community Associations|Examinations Bundle
[Show more]CMCA |Certified Manager of Community Associations|Examinations Bundle
[Show more]A community association is Generally defined as real or personal property, owned by two or more entities, which share the responsibility for the cost of maintenance and administration CORRECT ANSWER True 
 
Purchasers of a timeshare plan have a 10-day contract recision period in which to cancel the ...
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Add to cartA community association is Generally defined as real or personal property, owned by two or more entities, which share the responsibility for the cost of maintenance and administration CORRECT ANSWER True 
 
Purchasers of a timeshare plan have a 10-day contract recision period in which to cancel the ...
Community Association (Definition) CORRECT ANSWER a residential homeowners' association in which membership is a condition of ownership (mandatory) of a unit in a planned unit development, or of a lot for a home or a mobile home, or of a townhouse, villa, condominium, cooperative, or other resident...
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Add to cartCommunity Association (Definition) CORRECT ANSWER a residential homeowners' association in which membership is a condition of ownership (mandatory) of a unit in a planned unit development, or of a lot for a home or a mobile home, or of a townhouse, villa, condominium, cooperative, or other resident...
Which of the following is a common management control for ensuring maintenance work is performed in a timely manner? 
 
A. A purchase order system 
B. An equipment warranties 
C. A work order/response form 
D. A contractor's invoice CORRECT ANSWER C. A work order/response form - A, B, and D speak t...
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Add to cartWhich of the following is a common management control for ensuring maintenance work is performed in a timely manner? 
 
A. A purchase order system 
B. An equipment warranties 
C. A work order/response form 
D. A contractor's invoice CORRECT ANSWER C. A work order/response form - A, B, and D speak t...
2x sold
Characteristics of a Community Association CORRECT ANSWER Mandatory membership 
Mutually binding documents 
Lien-based assessments 
 
Purposes of a Community Association CORRECT ANSWER Business - Not for profit 
Government - Runs like a mini-government 
Community - Mutual reasons for buying into are...
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Add to cartCharacteristics of a Community Association CORRECT ANSWER Mandatory membership 
Mutually binding documents 
Lien-based assessments 
 
Purposes of a Community Association CORRECT ANSWER Business - Not for profit 
Government - Runs like a mini-government 
Community - Mutual reasons for buying into are...
Community Association CORRECT ANSWER Is real or personal property, owned by two or more entities, with a legal binding agreement (covenant) to share responsibility for and costs of maintenance and administration of the property, assets, and association, and with specific rights granted to the member...
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Add to cartCommunity Association CORRECT ANSWER Is real or personal property, owned by two or more entities, with a legal binding agreement (covenant) to share responsibility for and costs of maintenance and administration of the property, assets, and association, and with specific rights granted to the member...
1. Quorum requirements conflicts are resolved by: 
a. state statute. 
b. the board of directors. 
c. a vote of those present at a meeting. 
d. appointment of a person as a proxy. CORRECT ANSWER A 
 
2. Fidelity insurance provides coverage to ensure that the: 
a. board will meet its fiduciary obligat...
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Add to cart1. Quorum requirements conflicts are resolved by: 
a. state statute. 
b. the board of directors. 
c. a vote of those present at a meeting. 
d. appointment of a person as a proxy. CORRECT ANSWER A 
 
2. Fidelity insurance provides coverage to ensure that the: 
a. board will meet its fiduciary obligat...
Quorum requirements conflicts are resolved by: 
a. state statute 
b. the board of directors 
c. a vote of those present at a meeting 
d. appointment of a person as a proxy CORRECT ANSWER A 
 
Fidelity insurance provides coverage to ensure that the: 
a. board will meet its fiduciary obligations. 
b. ...
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Add to cartQuorum requirements conflicts are resolved by: 
a. state statute 
b. the board of directors 
c. a vote of those present at a meeting 
d. appointment of a person as a proxy CORRECT ANSWER A 
 
Fidelity insurance provides coverage to ensure that the: 
a. board will meet its fiduciary obligations. 
b. ...
TRUE CORRECT ANSWER TRUE OR FALSE: 
 
A contract is an agreement between two or more parties, enforceable by law, by which each party promises to do, or not do, something. 
 
d. retirement plan contributions CORRECT ANSWER When deciding whether to have staff members or a contractor perform a task, a...
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Add to cartTRUE CORRECT ANSWER TRUE OR FALSE: 
 
A contract is an agreement between two or more parties, enforceable by law, by which each party promises to do, or not do, something. 
 
d. retirement plan contributions CORRECT ANSWER When deciding whether to have staff members or a contractor perform a task, a...
Articles of incorporation CORRECT ANSWER Bring the corporation into existence, define its basic 
purposes and powers, indicate whether stock will be issued, and indicate whether there will be a board 
of directors 
 
Bylaws CORRECT ANSWER Formally adopted governing regulations for the administrati...
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Add to cartArticles of incorporation CORRECT ANSWER Bring the corporation into existence, define its basic 
purposes and powers, indicate whether stock will be issued, and indicate whether there will be a board 
of directors 
 
Bylaws CORRECT ANSWER Formally adopted governing regulations for the administrati...
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