CMCA Knowledge 5

Question 1

An owner requests to inspect the association's financial records. Generally, the owner's right to inspect these records is:

Accepted Answer

A right established by state statute and/or the governing documents

Answer

Most state statutes and governing documents grant owners a right to inspect association books and records, subject to reasonable notice and copying procedures.

Question 2

Which type of community association governance structure has unit owners holding fee simple title to their individual units?

Accepted Answer

Planned unit development (PUD)

Answer

In a planned unit development, owners hold fee simple title to their lot and the structure on it, while sharing ownership of common areas through the HOA.

Question 3

What is the purpose of proxy voting in community association owner meetings?

Accepted Answer

To permit an absent owner to authorize another person to vote on their behalf

Answer

A proxy authorizes a designated person to cast a vote on behalf of an owner who cannot attend the meeting.

Question 4

When a board adopts a rule without a proper vote or quorum, the action is typically considered:

Accepted Answer

Void or ultra vires, meaning outside the board's authority

Answer

Actions taken without proper authority or procedure are considered void or ultra vires and cannot be enforced.

Question 5

A community association manager who learns of a potential environmental hazard on the property (e.g., asbestos) should first:

Accepted Answer

Immediately notify the board so it can engage qualified professionals

Answer

Environmental hazards require prompt escalation to the board so qualified licensed professionals can assess and remediate the situation.

CMCA - Certified Manager of Community Associations Practice Test

CMCA - Certified Manager of Community Associations Practice Test

CMCA Knowledge 5