Certified Manager of Community Associations (CMCA) Practice Exam

Question: 1 / 400

Which of the following statements about community expenses is true?

They only include salaries of staff

They consist of goods and services for common area maintenance

The statement that community expenses consist of goods and services for common area maintenance is accurate because community associations generally have a responsibility to maintain shared spaces and facilities that benefit all residents. This typically includes expenses related to landscaping, cleaning, repairs, utilities, and any other services necessary to keep these areas well-maintained and functional.

Community expenses are essential for ensuring a pleasant living environment and preserving property values. They are not limited to just the maintenance of common areas; they can also encompass various operational costs needed to run the association effectively, such as administrative costs, insurance, and other necessary expenditures. This breadth of understanding clarifies why the focus on goods and services related to common area maintenance is correct in identifying a key component of community expenses.

Get further explanation with Examzify DeepDiveBeta

They are optional based on community decisions

They are only for emergency situations

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy