CMCA EXAM 2024/25 REAL EXAM 200 QUESTIONS
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A board exercises its fiduciary responsibility by:
A. Authorizing the manager to enforce rules
B. Establishing internal controls
C. Authorizing of a committee to adopt due process procedures
D. Voting to eliminate parking rules
Alternative dispute resolution includes which of the following
methods?
A. Mediation
B. Subrogation
C.Litigation
D.Indemnification
Discipline as a part of the HR management can include:
A. Counseling the employee
B. Selecting using a progressive system
C. Terminating an under-performing employee
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D. Gathering performance information from other employees
Employment contracts need not included:
A.Legal Sources
B.Interests
C.Termination
D.Notice
For which project would a board most likely want to use a
consultant to help develop bid specifications?
A.Landscape renovation project
B. Repairing and/or replacing roofs
C. Painting the interior of lobbies and hallways
D. Repairing HVAC and boilers
In an initial letter you end to an owner who has violated one of the
associations 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 owners viewpoint
D. What the outcome of similar cases has been
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In older condominiums, an association should have what type of
contract covering mechanical equipment?
A. Time and materials
B. Specific repair
C.Service
D. Preventative maintenance
In preparing the associations annual financial report, many
governing documents specify:
A. Retaining a independent tax specialist.
B. Retaining an independent certified public accountant.
C. The establishment of a finance committee
D. The use of he management company's accountant
In terms of compensation , a contract should state:
A. Who provides insurance coverage
B. Each employees rate to perform work
C. When and on what terms payment(s) will be made
D. Requirement for a payment bond
In the hierarchy of a community associations governing documents ,
which of the following is the highest authority?
A. Bylaws
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B. Articles of Incorporation
C. Declaration
D. Mortgage lender requirements
In what type of contract would a waiver of lien be recommended?
A. Repair of the HVAC system
B.Re-roofing the buildings
C. Repair of the pool pump
D. Annual tree pruning
Legal review prior to executing a contract will assist the association
in the event that:
A. A subcontractor is used.
B. A performance bond is required.
C. There is a budgetary shortfall.
D. The board has questions or concerns.
Management conducts its tasks for the day to day operation of the
association in accordance with the:
A. Minutes
B. Contract
C. Board Presidents instructions
D. Resolutions
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