CMCA EXAM 2024 REAL EXAM QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS)|A GRADE
0 view 0 purchase
Course
CMCA
Institution
CMCA
CMCA EXAM 2024 REAL EXAM QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS)|A GRADE
Action Item List
Documented task that needs to take place. Followed up upon the next meeting
Agenda
List of meeting activities in order. From call to order, ending in adjournment
Amend a Motion
Modifies a m...
cmca exam 2024 real exam questions and correct ans
Written for
CMCA
All documents for this subject (877)
Seller
Follow
SUPERGRADES01
Reviews received
Content preview
CMCA EXAM 2024 REAL EXAM QUESTIONS AND
CORRECT ANSWERS(VERIFIED ANSWERS)|A
GRADE
Action Item List
Documented task that needs to take place. Followed up upon the next meeting
Agenda
List of meeting activities in order. From call to order, ending in adjournment
Amend a Motion
Modifies a motion by striking out, substituting or resolving words or paragraphs
Ballot
Records a vote
Committee Report
Highlights issues to be decided and makes recommendations. Includes supporting
research, actions to take and manager provides suggested format for report
Executive Session
Meeting of the board for a sensitive nature. Ex. Personnel issues, contract negotiations,
lawsuits, other legal matters, governing document, violations
Financial Report
Communities financial condition and activities. Including a general ledger, variance,
accounts payable, income statement and balance sheet
Management Report
Report of managers management and activities
Minutes
Record of positions and actions taken by the Board
Motion
Formal statement that the Board took an action
Notice of meeting
Given 1 week in advance
Parliamentary Procedure
Rules, ethics & customs that govern a meeting & operations
Plurality
Awards election to the candidate with the most votes, regardless if they win majority
Quorum
The minimum number of members who must be present for business to be conducted
Roberts Rules of Order
Book of rules & procedures for deliberation & debate
2nd a Motion
After a proposal, a 2nd allows consideration
Table a Motion
Incomplete agenda items to be rescheduled
Timed Agenda
Limits time focused on an item
, Articles of Incorporation
Brings corporation into existence. Defines basic purposes, indicates if stock will be used
and whether there will be a Board of directors
Bylaws
Governing regulations for the admin & management of an association. Indicates
operation, rules for the owners, tenants and guests. AKA CC&Rs/master
deed/declaration. Legally enforceable
Community Association
Group of owners that want to preserve, maintain & enhance homes/property
Co-op
Individual owns stock or membership. Holds proprietary lease or occupancy agreement
for their living unit
Governing Documents
Legal structure & operation of community
Indemnification
To exempt or hold harmless an entity from responsibility or claims made against an
organization and to reimburse the individual or entity for damages or expenses incurred
as a result of the claims
Master Association
An organization of homeowners in a large condo or PUD (Planned Unit Development)
that includes reps from other, smaller homeowner associations
Planned Community
Most common type of community assoc. Owner owns her lot & the community owns the
common areas for the use & benefit of the of the lot owners
Proprietary Lease
Rental agreement between coop & shareholder allowing use of a certain unit
Public Offering Statement
A disclosure statement by the developer that contains all material facts about a property
offered for sale and that must be provided to a prospective purchaser in accordance
with applicable state or federal law
Resolution
A motion that follows a set format and is formally adopted by the BOD
Policy Resolution
Owners rights & responsibilities (ex. Use of recreational facilities)
Administrative Resolution
Internal operations (ex. Where Board meets)
Special Resolution
Applies a policy/rule to an individual owner (ex. Rule violation)
General Resolution
Routine events (ex. Adoption of an annual budget)
Statute
Formal written enactment of a legislative authority that governs a country, state , city or
country
Umbrella Association
A cluster of community association types that can include aspects of HOAs, condos and
co-ops
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 SUPERGRADES01. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
