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-Follow 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? - ANSWER-Chlorine 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. 1 / 2
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? - ANSWER-Increasing 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: - ANSWER-Extra
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: - ANSWER-Allow 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.
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