CMCA EXAM 2023 REAL EXAM 170 QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS)|AGRADE

CMCA EXAM 2023 REAL EXAM 170 QUESTIONS AND

CORRECT ANSWERS(VERIFIED

ANSWERS)|AGRADE

Why are special membership meetings held? - ANSWER- To conduct specific

business

Executive sessions should typically be used for discussing which of the following

issues: - ANSWER- Member's delinquency

Which of the following is a duty of a manager attending a board meeting? -

ANSWER- Be the time keeper.

If the governing documents and laws present conflicting notice periods, follow: -

ANSWER- State laws.

If an owner fails to receive notice of a meeting, the association is not responsible if

the owner: - ANSWER- Did not notify the association of their current address.

Board meeting minutes should include which of the following: - ANSWER- Exact

wording of each motion.

If a proxy vote needs to be approved, the best option for an approver would be: -

ANSWER- The secretary.

Where would a manager find guidelines regarding the association's responsibility

for maintaining physical assets? - ANSWER- Board resolutions.

The primary management control tool for identifying whether the association

needs to maintain a particular property element is: - ANSWER- Maintenance

responsibility chart.

To determine which physical assets must be maintained by the association, the

manager should: - ANSWER- Review the association governing documents.

Which of the following is a common management control for ensuring

maintenance work is performed in a timely manner? - ANSWER- A work

order/response form.

When monitoring maintenance of an association's swimming pool, which of the

following should be entered into a permanent log at regular intervals? - ANSWERChlorine level readings.

Which of the following is an example of an association control system? -

ANSWER- Frequent neighborhood inspections.

A work order: - ANSWER- Assigns maintenance tasks.

Which type of maintenance should be managed with a routine maintenance

contract? - ANSWER- Cutting the grass

Which method is the best alternative to increasing assessments? - ANSWERIncreasing income by charging higher user fees.

When the Board reviews the proposed budget for approval, what should it

consider? - ANSWER- The financial position of the association.

What is the primary source of requirements when developing the association's

annual maintenance budget? - ANSWER- Governing documents.

When an association contracts out all of its service and has no employees, it is a

best business practice to: - ANSWER- Negotiate contracts within the bidding

process.

Directors and officers liability insurance is designed to cover claims resulting

from: - ANSWER- Wrongful acts of employees of the association.

A component of building ordinance insurance coverage includes: - ANSWERExtra demolition.

Which of the following types of insurance coverage is one of limited value to a

community association? - ANSWER- Assessment fee receivable.

What section of an insurance policy describes the coverage limits, deductibles,

policy period, and premium? - ANSWER- Declaration page(s).

To provide for payment of the insurance deductible, you would: - ANSWERAllow for costs in the operating budget.

Liability claims should be sent to the insurer: - ANSWER- Without admitting

negligence.

What does "Co-Insurance" obligate the Association to do? - ANSWER- Maintain

certain limits of insurance.

Legal review prior to executing a contract will assist the association in the event

that: - ANSWER- The board has questions or concerns.

In older condominiums, an association should have what type of contract covering

mechanical equipment? - ANSWER- Preventive maintenance.

Rather than describing the scope of work in detail in the contract, a manager may: -

ANSWER- Attach bid specifications.

Alternative dispute resolution includes which of the following methods? -

ANSWER- Mediation.

Employment contracts need not include: - ANSWER- Interests.

In terms of compensation, a contract should state: - ANSWER- When and on what

terms payment(s) will be made.

Preparing a bid request includes which of the following? - ANSWER- Identifying

potential contractors.

For which project would a board most likely want to use a consultant to help

develop bid specifications? - ANSWER- Repairing and/or replacing all roofs.

In what type of a contract would a waiver of lien be recommended? - ANSWERRe-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.