Cmca actual exam - Study guides, Class notes & Summaries

CMCA EXAM ACTUAL EXAM WITH 170 QUESTIONS AND ANSWERS (VERIFIED ANSWERS) BRANDNEW!!! In what type of a contract would a waiver of lien be recommended? - ANSWER-Re-roofing the buildings. When a dispute is mediated, an uninvolved third party facilitates discussion and: - ANSWER-Assists both parties in reaching a mutually acceptable agreement. You have a proprietary lease in XYZ development. Which of the following best describes your interest in the property? - ANSWER-Stock membershi...

CMCA - M100 Exam Questions With 100% Correct Answers 55 and older community - answerMust have one person who is 55 years of age or older living in at least 80% of its occupied units. The community must be designated "55 and older" to qualify as this type of housing that legally prohibits children and limits occupancy to a certain age span. The designation process involves submitting applications and obtaining approval before any enforcement of the ages of residents commences. Approval fr...

CMCA Actual Exam 2023

CMCA - M100 Exam Questions With 100% Correct Answers 55 and older community - answerMust have one person who is 55 years of age or older living in at least 80% of its occupied units. The community must be designated "55 and older" to qualify as this type of housing that legally prohibits children and limits occupancy to a certain age span. The designation process involves submitting applications and obtaining approval before any enforcement of the ages of residents commences. Approval fr...

CMCA 2023 ACTUAL EXAM (VERSION A) REAL EXAM WITH 205 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ abstention - DEFINITION- when a participant in a vote either does not go to vote (on Election Day) or, in parliamentary procedure, is present during the vote, but does not cast a ballot; may be used to indicate the voting individual's ambivalence about the measure or mild disapproval that does not rise to the level of active opposition they do not count in tallying the vo...

CMCA EXAM 2024 REAL EXAM QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS)|ADEGRA Minimum Components of Financial Report 1. Statement of Income and Expenses compared to Budget 2. Balance sheet Essential Documents for Unbudgeted Expense 1. Balance sheet 2. Statement of revenue and expenses Decline in Investments Result from expenditures out of reserve funds Actual vs Budget Compare statement of income and expenses to budget When filing a liability claim... Never admit negligence Wai...

CMCA - M100 Exam Questions With 100% Correct Answers 55 and older community - answerMust have one person who is 55 years of age or older living in at least 80% of its occupied units. The community must be designated "55 and older" to qualify as this type of housing that legally prohibits children and limits occupancy to a certain age span. The designation process involves submitting applications and obtaining approval before any enforcement of the ages of residents commences. Approval fr...

55 and older community - |Ans| >>Must have one person who is 55 years of age or older living in at least 80% of its occupied units. The community must be designated "55 and older" to qualify as this type of housing that legally prohibits children and limits occupancy to a certain age span. The designation process involves submitting applications and obtaining approval before any enforcement of the ages of residents commences. Approval from the Department of Housing and Urban Development ...

CMCA EXAM 2023 ACTUAL EXAM 170 QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS)|AGRADE 2. Fidelity insurance provides coverage to ensure that the: a. board will meet its fiduciary obligations. b. manager will faithfully follow all document provisions. c. deductible in the association's insurance policies is reimbursed. d. association will be covered for shortfalls in the reserve accounts. e. association will recover any funds lost through employee dishonesty. E 3. Which type of man...

55 and older community - |Ans| >>Must have one person who is 55 years of age or older living in at least 80% of its occupied units. The community must be designated "55 and older" to qualify as this type of housing that legally prohibits children and limits occupancy to a certain age span. The designation process involves submitting applications and obtaining approval before any enforcement of the ages of residents commences. Approval from the Department of Housing and Urban Development ...