CMCA EXAM 2025 ACTUAL EXAM
QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) |A+GRADE
GUARANTEED PASS
You have a proprietary lease in XYZ development. Which
of the following best describes your interest in the
property?
A. A time-share interest
B. A divided interest
C. An undivided interest
D. Stock membership Correct Answer D
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 Correct Answer B
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 Correct Answer B
,Which of the following has the greatest regulatory
influence on the management of a community
association?
A. Federal statutes
B. Articles of incorporation
C. Specific State Statutes
D. General State Statutes Correct Answer C
Which of the following types of insurance coverage is one
of limited value to a community association?
A. Liability
B. Assessment fee receivable
C. Workers compensation
D. Commercial umbrella Correct Answer B
A component of building ordinance insurance coverage
includes:
A. Glass damage
B. Extra Demolition
C. Water damage
D. Power failure Correct Answer B
When an association contracts out all of its service and
has no employees, it is a best business practice to:
A. Negotiate contracts within the bidding process
B. purchase employment practices liability insurance
C. Assume the contractors carry their own insurance
coverage
D. Increase the coverage under the D&O insurance policy
Correct Answer A
,Directors ad Officers liability insurance is designed to
cover claims resulting from:
A. Theft of funds by an association board member
B. Wrongful acts of employees of the association
C. Bodily injury of directors and officers
D. Damage to board owner property Correct Answer B
What section of an insurance policy describes the
coverage limits, deductible, policy period, and premium?
A. Policy conditions
B. Policy Endorsements
C. Policy definitions
D. Declaration page(s) Correct Answer D
What does "Co-Insurance" obligate the association to do?
A. Pay the deductible
B. Maintain certain limits of insurance
C. Cover the depreciated value of all association buildings
D. Provide insurance for homeowners Correct Answer B
To provide for payment of the insurance deductible, you
would:
A. Pass the cost directly on to owners
B. Negotiate with the hired contractor
C. Allow for costs in the operating budget
D. Budget as a reserve expense Correct Answer C
Liability claims should be sent to the insurer:
A. Requesting a public adjuster be assigned
B. Without admitting negligence
C. By the insurance trustee
, D. Within 72 hours of the incident Correct Answer B
Where would a manager find guidelines regarding the
associations responsibility for maintaining the physical
assets?
A. Equipment warranties
B. Real estate sales contract
C. Governing documents
D. Board resolutions Correct Answer D
Which type of maintenance should be manage with a
routine maintenance contract?
A. Replacing dead shrubs
B. Painting building hallways
C. Cutting the grass
D. Cleaning sewer lines Correct Answer C
To determine which physical assets must be maintained
by the association, the manager should:
A. Consult the local building codes
B. Review the association governing documents
C. Ask the developer to identify assets
D. Walk the property to inventory assets Correct Answer B
Which of the following is an example of an association
control system?
A. Frequent neighborhood inspections
B. Owner garage door locks
C. Telephone entry system
D. Posting police department information on building
bulletin boards Correct Answer A
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