CMCA EXAM 2024-2025 REAL EXAM 150
QUESTIONS AND CORRECT
ANSWERS(VERIFIED ANSWERS)
A+GRADE
Why are special membership meetings held? - CORRECT>>> To conduct
specificbusiness
Executive sessions should typically be used for discussing which of the following issues:
- CORRECT>>> Member's delinquency
Which of the following is a duty of a manager attending a board meeting? -
CORRECT>>> Be the time keeper.
If the governing documents and laws present conflicting notice periods, follow: -
CORRECT>>> Follow state laws
If an owner fails to receive notice of a meeting, the association is not responsible if the
owner: - CORRECT>>> Did not notify the association of their current address.
Board meeting minutes should include which of the following: - CORRECT>>>
Exact wording of each motion.
If a proxy vote needs to be approved, the best option for an approver would be: -
CORRECT>>> The secretary.
Where would a manager find guidelines regarding the association's responsibility for
maintaining physical assets? - CORRECT>>> Board resolutions.
The primary management control tool for identifying whether the association needs to
maintain a particular property element is: - CORRECT>>> Maintenance responsibility
chart.
To determine which physical assets must be maintained by the association, the
manager should: - CORRECT>>> 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>>> 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>>> Chlorine
levelreadings.
Which of the following is an example of an association control system? -
CORRECT>>> Frequent neighborhood inspections.
, A work order: - CORRECT>>> Assigns maintenance tasks.
Which type of maintenance should be managed with a routine maintenance contract? -
CORRECT>>> Cutting the grass
Which method is the best alternative to increasing assessments? -
CORRECT>>> Increasing income by charging higher user fees.
When the Board reviews the proposed budget for approval, what should it consider? -
CORRECT>>> The financial position of the association.
What is the primary source of requirements when developing the association's annual
maintenance budget? - CORRECT>>> Governing documents.
When an association contracts out all of its service and has no employees, it is a best
business practice to: - CORRECT>>> Negotiate contracts within the bidding process.
Directors and officers liability insurance is designed to cover claims resulting from: -
CORRECT>>> Wrongful acts of employees of the association.
A component of building ordinance insurance coverage includes: - CORRECT>>>
Extrademolition.
Which of the following types of insurance coverage is one of limited value to a
community association? - CORRECT>>> Assessment fee receivable
What section of an insurance policy describes the coverage limits, deductibles,
policy period, and premium? - CORRECT>>> Declaration page(s
To provide for payment of the insurance deductible, you would: - CORRECT>>> Allow
forcosts in the operating budget.
Liability claims should be sent to the insurer: - CORRECT>>> Without
admittingnegligence.
What does "Co-Insurance" obligate the Association to do? - CORRECT>>>
Maintain certain limits of insurance
Legal review prior to executing a contract will assist the association in the event that: -
CORRECT>>> The board has questions or concerns.
In older condominiums, an association should have what type of contract covering
mechanical equipment? - CORRECT>>> Preventive maintenance.
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