CMCA FREE CMCA Knowledge Questions and Answers 2

Question 1

What does the acronym CC&Rs stand for?

Accepted Answer

Covenants, Conditions, and Restrictions

Answer

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.

Question 2

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

Accepted Answer

Reliance on expert advice doctrine

Answer

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.

Question 3

An easement in community association law typically refers to:

Accepted Answer

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

Answer

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.

Question 4

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

Accepted Answer

A majority of the board seats

Answer

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.

Question 5

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

Accepted Answer

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

Answer

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

CMCA - Certified Manager of Community Associations Practice Test

CMCA - Certified Manager of Community Associations Practice Test

CMCA FREE CMCA Knowledge Questions and Answers 2