FREE CMCA Knowledge Questions and Answers Flashcards

What does the acronym CC&Rs stand for?

Answer: Covenants, Conditions, and Restrictions

CC&Rs or Covenants, Conditions, and Restrictions are recorded deed restrictions that establish the rules and obligations binding all property owners within a community association.

Under which doctrine can a board member rely on the expertise of professionals such as attorneys, CPAs, or engineers when making decisions?

Answer: Reliance on expert advice doctrine

Board members acting in good faith may rely on the advice of qualified professionals without needing independent expertise in those areas. This reliance supports the business judgment defense.

An easement in community association law typically refers to:

Answer: A right to use another party's property for a specific purpose

An easement grants a limited right to use property owned by another party for a specific purpose such as utility access, drainage, or pedestrian pathways across a homeowner's lot.

What is the typical quorum requirement for a community association board meeting?

Answer: A majority of the board seats

Most bylaws require a majority of the board, meaning more than half the seated directors, to be present in order to constitute a quorum and transact business.

A special assessment differs from the regular monthly assessment in that it is:

Answer: A one-time or limited-term charge levied to fund a specific unexpected or extraordinary expense

Special assessments are extraordinary non-recurring levies used to fund specific expenses that exceed what the regular operating budget or reserve fund can cover.

The statute of limitations is relevant to community association management because it:

Answer: Sets the deadline by which legal claims must be filed, after which the right to sue is lost

The statute of limitations establishes the time window within which legal action must be taken. Claims filed after the deadline are time-barred and generally cannot be pursued in court.