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CMCA PRACTICE EXAM | QUESTIONS AND CORRECT ANSWERS RATED A+ | 2024/2025 $7.99   Add to cart

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CMCA PRACTICE EXAM | QUESTIONS AND CORRECT ANSWERS RATED A+ | 2024/2025

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CMCA PRACTICE EXAM | QUESTIONS AND CORRECT ANSWERS RATED A+ | 2024/2025 CMCA PRACTICE EXAM | QUESTIONS AND CORRECT ANSWERS RATED A+ | 2024/2025 CMCA PRACTICE EXAM | QUESTIONS AND CORRECT ANSWERS RATED A+ | 2024/2025

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  • November 12, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CMCA
  • CMCA
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nursehailey
CMCA PRACTICE EXAM |
QUESTIONS AND CORRECT
ANSWERS RATED A+ | 2024/2025

What is the primary source of requirements when developing
the associations annual maintenance budget?
- correct answer - governing documents


When the board reviews the proposed budget for approval,
what should it consider?
- correct answer - the financial position of the association


What method is the best alternative to increasing association
assessments?
- correct answer - increasing income by charging higher user
fees


Why are special meetings held?
- correct answer - to conduct specific business


If an owner fails to receive notice of a meeting, the association
is not responsible if the owner:

, - correct answer - did not notify the association of their current
address


If the governing docs and laws present conflicting notice
periods, follow:
- correct answer - state laws


If a proxy vote needs to be approved, the best option for an
approver would be:
- correct answer - the secretary


Board meeting minutes should include:
- correct answer - exact wording of each motion


What is a duty of a manager attending a board meeting?
- correct answer - be the time keeper


Executive sessions should be used for discussing what?
- correct answer - members delinquency


What are the two essential financial documents the bod should
use to determine the amount of funds available for an
unbudgeted expense? - correct answer - balance sheet and
statement of revenue and expense

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