Cmca exam 2024 real exam - Study guides, Class notes & Summaries

CMCA EXAM 2024/25 REAL EXAM 200 QUESTIONS AND CORRECT ANSWERS 100% GUARANTEED SUCCESS ALREADY GRADED A+

CMCA EXAM 2024 REAL EXAM QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS)|AGRADE Community Association Legal entity where owners enjoy the protection, enhancement maintenance and preservation of their homes and property Planned Community Three types of Planned communities - Condo, Coop, Proprietary Lease. The owner owns his or her lot and/or living Unit. The Assoc/community owns the common area. (1) Condo Owner owns his/her living Unit and undevided interest in the common area Coopera...

CMCA EXAM 2024 REAL EXAM QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS)|AGRADE When a participant in a vote either does not go to vote (on Election Day) or, in parliamentary procedure, is preset during the vote, but does not cast a ballot. An abstention 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. Abstentions do not count in tallying the vote; when members abstain they are in effe...

CMCA EXAM 2024 REAL EXAM QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS)|AGRADE pregnancy development involves immense hormonal and physiological changes occurring inside and outside of the woman's body week 1-12 first trimester week 13-27 second trimester week 28-40 third trimester germinal, embryonic, fetal stage stages of fetal development blood hCG detected 7-10 days after missed period gestational sac visible in the ultrasound after week 5 of gestation first visit...

CMCA EXAM 2024 REAL EXAM QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS)|AGRADE What are the (3) defining characteristics of a Community Association? 1) Mandatory membership for all owners 2) Mutual binding documents (create automatic lien if owner fails to pay assessments) 2) Mandatory lien-based assessments are levied on each owner (3) purposes of a community association 1) Community 2) Government 3) Business What are the (3) types of community Associations? 1) Planned community...

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 EXAM 2024 REAL EXAM QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS)|AGRADE Ad hoc committee Used when an objective needs consideration and no standing committee within the organization can absorb that issue into its scope. Usually these committees are used on a short-term basis, such as temporary oversight of an issue or review of the standing rules of that community. Alternative dispute resolution Mediation, arbitration and other ways of resolving conflicts with the help of a spec...

CMCA EXAM 2024 REAL EXAM QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS)|AGRADE In preparing the association's annual financial report, many governing documents specify: Retaining an independent certified public accountant When a dispute is mediated, the uninvolved third party facilitates discussion and Assists both parties in reaching a mutually acceptable agreement When developing a rule, it must be consistent with.... Applicable statues and governing documents What would impact...

CMCA EXAM 2024 REAL EXAM QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS)|AGRADE Why are special membership meetings held? To conduct specific business Executive sessions should typically be used for discussing which of the following issues: Member's delinquency Which of the following is a duty of a manager attending a board meeting? Be the time keeper. If the governing documents and laws present conflicting notice periods, follow: State laws. If an owner fails to receive notice ...

RANDOM CMCA PRACTICE TEST ACTUAL EXAM REAL QUESTIONS AND CORRECT DETAILED ANSWERS 20232024 GRADED A+