Cmca exam study guide - Study guides, Class notes & Summaries

CMCA EXAM, PRACTICE EXAM AND STUDY GUIDE LATEST ACTUAL EXAM 100 QUESTIONS AND CORRECT DETAILED ANSWERS each of the following are key characteristics of community associations except: a. mandatory Lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association b. membership in the community association is mandatory and automatic for all owners c. a requirement of community association ownership is attending board meetings d. ...

CMCA EXAM 2024 REAL EXAM 170 QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS)|AGRADE ."55 and Older" Communities - ANSWER-Must have one person who is 55 years of age or older living in at least 80% of its occupied units. .A balance sheet summarizes: - ANSWER-What your community association owns, what your community association owes, and the "net worth" of the association. .A formal collection policy is the foundation of a successful program for: - ANSWER-Maintaining necessary...

CMCA Exam Study Guide 2023 with complete solution

Articles of incorporation Bring the corporation into existence, define its basic purposes and powers, indicate whether stock will be issued, and indicate whether there will be a board of directors Bylaws Formally adopted governing regulations for the administration and management of a community association CC & Rs (Covenants, Conditions & Restrictions) The governing documents that dictate how the homeowners association operates and what rules the owners—and their tenants an...