FREE CMCA Beginner's Questions and Answers Flashcards

Board meeting minutes should mainly record:

Answer: Actions taken, motions, and votes

Minutes are a legal record of the actions taken, not a transcript of the discussion.

A variance report compares:

Answer: Actual income and expenses with budgeted amounts

Variance reports flag differences between budget and actual figures so the board can respond.

Why do associations commonly require vendors to provide certificates of insurance?

Answer: To move the risk of vendor-caused losses away from the association

Requiring vendor insurance is a basic risk-transfer tool that protects the association.

Which approach best reflects preventive maintenance?

Answer: Following scheduled inspections and servicing to extend component life

Preventive maintenance follows a schedule so components fail less often and last longer.

Before a board imposes a fine for a rule violation, owners are commonly entitled to:

Answer: Notice and an opportunity to be heard

Due process generally means written notice and a chance for a hearing before penalties are imposed.

Which federal law limits an association's ability to restrict owners from installing certain satellite dishes and antennas?

Answer: The OTARD rule under the Telecommunications Act

The FCC's OTARD rule bars restrictions that unreasonably impair installing qualifying antennas in areas the owner controls.

Under the Fair Housing Act, an association that receives a request to allow an assistance animal despite a no-pet rule should:

Answer: Evaluate it as a reasonable accommodation request

The Fair Housing Act requires reasonable accommodations for people with disabilities, which can include exceptions to pet rules.