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

Full disclosure and recusal are the appropriate responses to a conflict of interest. The manager must be transparent with the board and remove themselves from the decision-making process.

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

Equal enforcement means applying the same procedures and consequences to all owners for the same violations, without favoritism or selective enforcement that could expose the association to discrimination claims.

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

Managers have a professional obligation to provide boards with accurate, complete, and timely financial information even when that information reveals problems.

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

Upon termination, managers must promptly return all association records to the board, as these records belong to the association, not the management company.

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

Significant legal matters must be reported to the board immediately because the board, not the manager, is responsible for governance decisions including whether to engage legal counsel.

CMCA - Certified Manager of Community Associations Practice Test

CMCA - Certified Manager of Community Associations Practice Test

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