CMCA MCQ 5

Question 1

What is a 'special assessment' in the context of community association management?

Accepted Answer

A one-time charge levied on owners for a specific unbudgeted expense

Answer

A special assessment is an extraordinary charge levied on all owners — in addition to regular dues — to cover a specific expense not covered by the operating budget or reserves.

Question 2

Which of the following best describes the role of a managing agent in a community association?

Accepted Answer

The managing agent implements board policies and handles day-to-day operations under the board's direction

Answer

The managing agent is a service provider who carries out the board's decisions and manages daily operations, but policy authority remains with the elected board.

Question 3

A condominium unit owner claims the association failed to maintain a common area pipe, causing water damage to their unit. What type of coverage typically applies to the association's liability?

Accepted Answer

Umbrella liability policy

Answer

An umbrella liability policy provides excess liability coverage above primary general liability limits, protecting the association against large damage claims.

Question 4

The Servicemembers Civil Relief Act (SCRA) affects community association collections by:

Accepted Answer

Limiting interest rates on pre-service debts and restricting certain enforcement actions

Answer

The SCRA caps interest rates at 6% on debts incurred before active duty and restricts certain judicial proceedings against servicemembers.

Question 5

When conducting an enforcement hearing, what procedural protection must the association typically provide the accused owner?

Accepted Answer

Notice of the alleged violation and an opportunity to be heard

Answer

Due process in association enforcement requires adequate written notice of the violation and a fair opportunity for the owner to present their side before any fine is imposed.

CMCA - Certified Manager of Community Associations Practice Test

CMCA - Certified Manager of Community Associations Practice Test

CMCA MCQ 5