CMCA MCQ 2

Question 1

A homeowner in a planned community fails to pay assessments for six months. Under most state statutes, what is the association's strongest enforcement tool?

Accepted Answer

Place a lien on the property

Answer

Associations typically have statutory authority to place a lien on a delinquent owner's property, which can lead to foreclosure if unpaid.

Question 2

When preparing the annual budget for a community association, which document helps determine the amount to fund the reserve account?

Accepted Answer

A reserve study

Answer

A reserve study analyzes the community's major components, their remaining useful life, and the funding needed to repair or replace them.

Question 3

A board member wants to vote on a contract that will benefit a company she owns. What governance principle applies?

Accepted Answer

Conflict of interest

Answer

A conflict of interest exists when a board member has a personal financial stake in a matter being decided by the board.

Question 4

Under the Fair Housing Act, which of the following is a protected class when enforcing community association rules?

Accepted Answer

Familial status

Answer

Familial status is one of the seven protected classes under the Federal Fair Housing Act, protecting households with children under 18.

Question 5

An association's governing documents are silent on a particular issue. What is the correct order of authority to consult?

Accepted Answer

Declaration, bylaws, rules, state law

Answer

The hierarchy goes from the broadest governing document (declaration/CC&Rs) down through bylaws, rules, then state law fills any gaps.

CMCA - Certified Manager of Community Associations Practice Test

CMCA - Certified Manager of Community Associations Practice Test

CMCA MCQ 2