CMCA Beginner's 2

Question 1

Which document typically establishes a homeowners association (HOA) as a legal entity?

Accepted Answer

Articles of Incorporation

Answer

The Articles of Incorporation filed with the state create the HOA as a legal corporate entity.

Question 2

A community association manager receives a homeowner complaint about a neighbor's barking dog. What is the FIRST appropriate step?

Accepted Answer

Verify whether the association's governing documents address pet noise violations

Answer

The manager must first determine whether the governing documents grant the association authority to act on pet noise complaints.

Question 3

What is a quorum in the context of HOA board meetings?

Accepted Answer

The minimum number of members needed to conduct official business

Answer

A quorum is the minimum percentage or number of members required to be present for a meeting to legally conduct business.

Question 4

Which type of insurance protects HOA board members from personal liability for decisions made in their official capacity?

Accepted Answer

Directors and Officers (D&O) insurance

Answer

Directors and Officers insurance specifically protects board members from personal financial loss due to decisions made while serving the association.

Question 5

A community association's reserve fund is primarily used for what purpose?

Accepted Answer

Funding future major repairs and replacements of common elements

Answer

Reserve funds are set aside to cover the cost of major capital repairs and replacements, such as roofs or parking lots, when they reach end of life.

CMCA - Certified Manager of Community Associations Practice Test

CMCA - Certified Manager of Community Associations Practice Test

CMCA Beginner's 2