CMCA CMCA - Certified Manager of Community Associations Ethics and Professional Conduct Questions and Answers 3

Question 1

A manager who has a personal financial interest in a vendor contract should:

Accepted Answer

Disclose the interest to the board and recuse themselves from the recommendation and decision

Answer

Award the contract to the vendor to maximize personal gain

Answer

Keep the interest private since it does not affect professionalism

Answer

Ask the vendor to pay the association more to offset the conflict

Question 2

Which of the following best illustrates the principle of equal and consistent enforcement of association rules?

Accepted Answer

Applying the same violation notice process to every owner who commits the same violation regardless of personal relationships

Answer

Enforcing parking rules only against owners who have complained about the board

Answer

Allowing board members to park in restricted areas since they volunteer their time

Answer

Creating different rule schedules for different neighborhoods within the community

Question 3

Under CAMICB professional standards, a manager's primary ethical obligation when providing financial reports to the board is:

Accepted Answer

To present accurate, complete, and timely financial information so the board can make informed decisions

Answer

To present data in the most favorable light to avoid board concern

Answer

To withhold negative financial information until the end of the fiscal year

Answer

To share financial reports with all homeowners before presenting them to the board

Question 4

When a manager is terminated by an association, their ethical obligation regarding association records is to:

Accepted Answer

Return all association records to the board promptly and completely

Answer

Retain all records as leverage until outstanding invoices are paid

Answer

Destroy sensitive records to protect homeowner privacy

Answer

Transfer records only after receiving a written release

Question 5

A manager who learns of a significant legal threat to the association should first:

Accepted Answer

Immediately notify the board and recommend legal counsel be consulted

Answer

Resolve the matter independently without involving the board

Answer

Post a notice on the community bulletin board

Answer

Wait until the annual meeting to disclose the issue

Question 6

The CAMICB professional standards require a manager to maintain competence by:

Accepted Answer

Participating in ongoing education and staying current with relevant laws and industry practices

Answer

Delegating all technical tasks to vendors

Answer

Passing the CMCA exam only once with no further training

Answer

Relying solely on the association's attorney for all guidance