Community Association Management Exam | Questions and Verified Answers Graded A+ | 2024/2025 Guide
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Course
M100
Institution
M100
Community Association Management Exam | Questions and Verified Answers Graded A+ | 2024/2025 Guide
Community Association Management Exam | Questions and Verified Answers Graded A+ | 2024/2025 Guide
Community Association Management Exam | Questions and Verified Answers Graded A+ | 2024/2025 Gu...
Community Association
Management Exam | Questions and
Verified Answers Graded A+ |
2024/2025 Guide
Preparing a bid request includes which of the following:
A. Verifying References.
B. Identifying potential contractors.
C. Recommending a contractor to the board.
D. Verifying contractor insurance.
- Correct Answer - B. Identifying potential contractors.
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.
- Correct Answer - D. The board has questions or concerns.
Rather than describing the scope of work in detail in the
contract, a manager may:
A. Attach the bid specifications.
,B. Call each contractor to describe the job.
C. Be on-site to oversee project content.
D. Suggest the board meet the contractor to talk about the
scope of work.
- Correct Answer - A. Attach the bid specifications.
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
- Correct Answer - D. Preventative maintenance
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
- Correct Answer - B. Repairing and/or replacing roofs
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
- Correct Answer - B.Re-roofing the buildings
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
- Correct Answer - C. When and on what terms payment(s) will
be made
Alternative dispute resolution includes which of the following
methods?
A. Mediation
B. Subrogation
C.Litigation
D.Indemnification
- Correct Answer - A. Mediation
Employment contracts need not included:
A.Legal Sources
B.Interests
C.Termination
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