CMCA Ethics Module 4 Exam Questions & Answers 2024/2025
The manager of a community association has professional duty to do all of the following EXCEPT:
· Disclose and account for anything of value he or she receives as a result of managing the community association (for example - a valuable ...
The manager of a community association has professional duty to do all of the following EXCEPT:
· Disclose and account for anything of value he or she receives as a result of managing the community
association (for example - a valuable gift from a contractor)
· Delegate more authority than he or she has received from the board
· Decline to perform services that he or she is not qualified to perform
· Make a full written disclosure of any matter that presents a potential conflict of interest - ANSWERS·
Disclose and account for anything of value he or she receives as a result of managing the community
association (for example - a valuable gift from a contractor)
· Delegate more authority than he or she has received from the board
· Decline to perform services that he or she is not qualified to perform
· Make a full written disclosure of any matter that presents a potential conflict of interest X
A manager or management firm acquires an interest in a landscape company that is eligible to do
business with the community association. Based on this scenario, which of the following does NOT
qualify as a conflict of interest?
· Management happens to be tasked with or is responsible for maintain landscaping in the community
association common areas
· The manager obtains specific authorization from the board in writing before purchasing the landscaping
company
· The manager receives a share of the profit earned by the landscape company that does business with
the community association
· The manager receives a share of profit from a nursery which sells supplied to the landscape company
that does business with the community association. - ANSWERS· Management happens to be tasked
with or is responsible for maintain landscaping in the community association common areas
· The manager obtains specific authorization from the board in writing before purchasing the landscaping
company X
· The manager receives a share of the profit earned by the landscape company that does business with
the community association
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Bensuda. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.