Literary Studies > EXAM > CMCA EXAM 2024/2025 STUDY QUESTIONS WITH COMPLETE ANSWERS GUARANTEED PASS | RATED A+ (All)

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CMCA EXAM 2024/2025 STUDY QUESTIONS WITH COMPLETE ANSWERS GUARANTEED PASS | RATED A+

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Fair Housing Act (FHA) - Answer>>> The federal law that prohibits discrimination in housing based on race, color, religion, sex, handicap, familial status, and national origin Warranty - Answer>>> A ... warranty should state what is covered, for how long, and what the contractor will do if the work or product proves defective Employee handbook - Answer>>> The employee handbook summarizes company behavior requirements, outlines benefits offered and also gives tools that can be used to enforce disciplinary action if needed. Employers design handbooks to answer employees' questions before employees ask them and to advise them on company policies that an employee might have never considered. Hierarchy of Governing Docs - Answer>>> 1. Federal Laws and State Statutes 2. Recorded plat/plan 3. Declaration, CC&R's, master plan 4. Lease/occupancy agreement 5. Articles of Incorporation 6. Bylaws 7. Board Resolutions Higher documents always overrule lower Employment at will - Answer>>> This is a statement to the effect that the community association retains the right to dismiss an employee without cause at any time Progressive discipline system - Answer>>> A procedure whereby performance problems are brought to the employee's attention and the employee and employer take appropriate actions to correct them. Board liaison system - Answer>>> Directors are assigned to certain committees to guide the committee on Board policy and procedures and to report back to the Board. Directors serving as a liaison must distinguish their role from the role of the committee chairperson. Master association - Answer>>> An organization of homeowners in a large condominium or planned unit development (PUD) which includes representatives from other, smaller homeowner organizations Public offering statement - Answer>>> A disclosure statement prepared by a developer that contains all material facts about a property offered for sale and that must be provided to a prospective purchaser in accordance with applicable state or federal law. [Show More]

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