CMCA FREE CMCA Knowledge Questions and Answers 2

Question 1

What does the acronym CC&Rs stand for?

Accepted Answer

Covenants, Conditions, and Restrictions

Answer

Community Contracts and Regulations

Answer

Common Costs and Revenues

Answer

Community Compliance and Rules

Question 2

Under which doctrine can a board member rely on the expertise of professionals such as attorneys, CPAs, or engineers when making decisions?

Accepted Answer

Reliance on expert advice doctrine

Answer

Estoppel doctrine

Answer

Respondeat superior

Answer

Eminent domain

Question 3

An easement in community association law typically refers to:

Accepted Answer

A right to use another party's property for a specific purpose

Answer

An assessment increase approved by the board

Answer

An amendment to the CC&Rs

Answer

A grant of common area ownership to an individual homeowner

Question 4

What is the typical quorum requirement for a community association board meeting?

Accepted Answer

A majority of the board seats

Answer

All board members must be present

Answer

Only the president and treasurer

Answer

One board member is sufficient

Question 5

A special assessment differs from the regular monthly assessment in that it is:

Accepted Answer

A one-time or limited-term charge levied to fund a specific unexpected or extraordinary expense

Answer

A monthly fee increase approved by the board

Answer

An assessment waived for senior citizens

Answer

A fee charged only to non-residents

Question 6

The statute of limitations is relevant to community association management because it:

Accepted Answer

Sets the deadline by which legal claims must be filed, after which the right to sue is lost

Answer

Limits the number of rules a board can adopt

Answer

Determines the term length for board members

Answer

Establishes the minimum reserve fund contribution