CMCA Beginner's 3

Question 1

What does the term 'common elements' refer to in a condominium association?

Accepted Answer

Areas owned jointly by all unit owners, such as hallways and pools

Answer

Common elements are portions of the property—like lobbies, elevators, and amenities—that all unit owners share ownership of and responsibility for maintaining.

Question 2

When a board member has a financial interest in a vendor being considered for a contract, what should they do?

Accepted Answer

Disclose the conflict of interest and recuse themselves from the vote

Answer

Board members must disclose conflicts of interest and abstain from voting on matters where they have a personal financial stake to uphold fiduciary duty.

Question 3

Which assessment type is levied on all homeowners equally to cover unexpected or large expenses not covered by reserves?

Accepted Answer

Special assessment

Answer

A special assessment is a one-time or limited-duration charge imposed on homeowners to fund expenses beyond what the operating budget or reserves can cover.

Question 4

What is the role of the association manager regarding enforcement of rules?

Accepted Answer

To implement enforcement procedures established by the board and governing documents

Answer

The manager's role is to carry out the enforcement process defined by the board and governing documents, not to act unilaterally.

Question 5

A homeowner requests records of board meeting minutes. Under most state laws, the association must:

Accepted Answer

Provide access to the records within a reasonable timeframe

Answer

Most state statutes grant homeowners the right to inspect and receive copies of association records, including meeting minutes, within a specified period.

CMCA - Certified Manager of Community Associations Practice Test

CMCA - Certified Manager of Community Associations Practice Test

CMCA Beginner's 3