CAI CAP2 study materials
CAI CAP2 study resources

CAI CAP2 study plan

CAI CAP2 · Give each week a clear focus.

8 weeks · About 7 hours per week

Week 1

Governance, Governing Documents, and Legal and Ethical Standards

  • Map the hierarchy of governing documents (articles of incorporation, bylaws, CC&Rs/deed restrictions, rules and regulations, policies) and rank each by authority and amendment difficulty

  • Differentiate board authority from membership authority for at least 12 common actions such as adopting rules, levying special assessments, and amending bylaws

  • Explain the fiduciary duties of care, loyalty, and obedience, and write one original scenario illustrating a breach of each

  • Complete 40 practice items on governance fundamentals and log every missed item with a one-line reason

Your checkpoint

One-page governing-document precedence chart plus a scored 40-item quiz log showing at least 75% accuracy

Week 2

Governance, Governing Documents, and Legal and Ethical Standards

  • Outline the legal and ethical standards that apply to volunteer directors, including conflict-of-interest disclosure, recusal, confidentiality, and avoidance of self-dealing

  • Diagram the procedural steps for enforcing a covenant violation from notice through hearing and appeal

  • Identify fair-housing and non-discrimination obligations and apply them to three original fact patterns

  • Compare the roles of association counsel, manager, and board when a legal dispute arises

  • Complete 30 practice items on legal and ethical standards and re-test the week 1 misses

Your checkpoint

A conflict-of-interest disclosure and recusal flowchart plus a 30-item quiz log at 80% or better

Week 3

Financial Management, Budgeting, and Reserve Planning

  • Build a line-item annual operating budget for a hypothetical 120-unit association, including income, expense categories, and a contingency line

  • Compute a reserve contribution using the component (straight-line) funding method for at least six reserve components

  • Distinguish operating funds, reserve funds, and special assessments, and explain why they must be accounted for separately

  • Interpret a balance sheet, income statement, and budget-to-actual variance report and flag three warning signs

Your checkpoint

A complete sample operating budget plus a reserve component funding schedule with calculated annual contributions

Week 4

Financial Management, Budgeting, and Reserve Planning

  • Sequence the assessment collection process from statement through reminder, lien, and foreclosure referral, noting notice requirements at each step

  • Explain the purpose and scope of an independent audit, review, and compilation, and select the appropriate level for a given association profile

  • Describe how reserve study updates and funding-plan disclosures affect the budget and owner communications

  • Complete a 60-item mixed practice exam spanning Domains 1 and 2 and categorize every error by cause

Your checkpoint

A 60-item mixed practice exam scored at 75% or better with a written error-analysis log

Week 5

Maintenance, Risk Management, and Insurance

  • Construct a 12-month preventive maintenance calendar covering at least 10 building systems and shared assets

  • Classify the association's core insurance coverages (property, general liability, directors and officers, fidelity/crime, umbrella) and state what each responds to

  • Apply the risk-control options of avoidance, reduction, transfer, and retention to 10 original hazard scenarios

  • Explain how a reserve study, maintenance plan, and insurance program reinforce one another in managing physical and financial risk

Your checkpoint

A risk register of 10 hazards, each mapped to a control strategy, responsible party, and applicable insurance coverage

Week 6

Maintenance, Risk Management, and Insurance & Community Leadership, Communication, and Owner Relations

  • Draft an emergency response sequence for a property-loss event covering notification, documentation, temporary repairs, and claim submission

  • Design a communication protocol that specifies audience, channel, timing, and approval for routine, sensitive, and emergency messages

  • Demonstrate three de-escalation techniques for handling an angry owner complaint and apply each to an original scenario

  • Outline a fair process for hearing owner appeals of rule violations, including timelines and documentation

Your checkpoint

A communication packet containing three original template notices (violation, special assessment, emergency) and a documented de-escalation script

Week 7

Human Resources, Staffing, and Contractor Oversight & Meetings, Records, and Administrative Procedures

  • Build a contractor selection and oversight checklist covering scope of work, bid comparison, insurance certificates, lien waivers, and completion sign-off

  • Outline the staffing lifecycle from job description through hiring, performance feedback, and separation, including documentation requirements

  • Produce a records retention schedule that assigns a retention period to at least 12 record types, including minutes, financials, contracts, and owner correspondence

  • Summarize meeting requirements for notice, quorum, voting, minutes, and executive session, and identify the parliamentary motion types most used by boards

Your checkpoint

A records retention schedule table plus a one-page meeting-procedure checklist covering notice through minutes approval

Week 8

Governance, Governing Documents, and Legal and Ethical Standards & Financial Management, Budgeting, and Reserve Planning & Maintenance, Risk Management, and Insurance & Community Leadership, Communication, and Owner Relations & Human Resources, Staffing, and Contractor Oversight & Meetings, Records, and Administrative Procedures

  • Complete two timed 100-item practice exams under exam conditions and record per-domain accuracy

  • Re-drill the 20 highest-frequency missed concepts from weeks 1 through 7

  • Reconstruct the governing-document hierarchy, reserve funding formula, and insurance coverage matrix from memory without notes

  • Rank domains by residual weakness and schedule a final targeted review of the two lowest-scoring areas

Your checkpoint

Two timed 100-item practice exams scored at 80% or better plus a one-page weak-area remediation sheet with final-review priorities

Milestones

Week 2: Explain the governing-document hierarchy and the board-versus-membership authority split aloud in under 5 minutes without notes

Week 4: Score 75% or better on the 60-item Domains 1-2 mixed exam and show a written cause for every miss

Week 6: Produce the risk register and communication packet and self-grade them against the domain objectives with no gaps left blank

Week 7: Complete all eight deliverables; any domain not yet covered by a practice set gets one before week 8 begins

Week 8: Two timed 100-item exams at 80% or better overall and at least 70% in every individual domain