CAI CAP2 study plan
CAI CAP2 · Give each week a clear focus.
8 weeks · About 7 hours per week
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
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
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
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
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
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
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
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