CMCA EXAM REAL 120 EXAM QUESTIONS AND

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CMCA EXAM REAL 120 EXAM QUESTIONS AND

ANSWERS ACCURATE WITH DETAILED ANSWERS

EXPERT VERIFIED GUARANTEED PASS ALREADY

GRADED A 2023-2024 COMPLETE

GAAP requires which statement for year-end reports for a community association?

• cash flows
• auditing
• compilation
• budgeting - ANSWER>>A

When developing rules, the rules must be capable of:

• uniform enforcement
• modiciations and revisions
• limited interpretations
• selective enforcement - ANSWER>>A

If you prepare a maintenance responsibility chart for your community association, it must be

based on all of the following except:

• bylaws and declaration
• board policies
• state statutes
• human resource policy - ANSWER>>D 1 / 4

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2 Who is responsible for selecting a contractor?

• board
• president
• manager
• owners/residents - ANSWER>>A

A manager must take into consideration all of the following federal laws during the hiring

process, except the:

• Americans with Disabilities Act of 1990
• Immigration Reform and Control Act of 1986
• Housing and Urban Recovery Act of 1983
• Family and Medical Leave Act of 1993 - ANSWER>>C

Which government agency regulates employee compensation or payment?

• FDIC
• FICA
• OSHA
• DOL - ANSWER>>D

A legally binding contract should include all of the following provisions except:

• assignability
• waiver
• insurance 2 / 4

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• severability - ANSWER>>C

If a physical asset is to be replaced, the basis for an association's scheduled replacement consists

of the:

• reserve study and replacement fund budget
• maintenance record and inspection report
• inspection checklist and reserve fund budget
• inspection report and analysis sheet - ANSWER>>A

A closed board meeting may also be referred to as a:

• private session
• board session
• executive session
• committee session - ANSWER>>C

All of the following are types of association meetings except:

• special meetings
• annual meetings
• ad hoc meetings
• owner meetings - ANSWER>>C

A useful management control to record various maintenance services and information needed in

case of an emergency is a maintenance:

• responsibility chart
• analysis sheet 3 / 4

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• request form
• contact sheet - ANSWER>>D

All of the following are key contract provisions except:

• standards of performance
• job site safety requirements
• the manner in which payments are made
• contractor's phone numbers - ANSWER>>D

It is good practice for an association to include a disclaimer in its employee manual stating that:

• employment is based on experience and references
• it is not an implied contract or promise of employment
• employment may include a background check
• the association is not responsible for any possible injuries on the job - ANSWER>>B

To get needed maintenance work performed, a manager must organize the maintenance work

into basic categories and:

• pay all invoices when presented
• create controls for ensuring that the work will be completed
• get at least five bids for work over $1,000
• have the board inspect the work - ANSWER>>B

Upon receipt of a proper petition to call a special meeting, what should the manager do?

• arrange a meeting with counsel
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