M-100 Essentials of Community Association Management | 2026 Updated Q&A

M-100 THE ESSENTIALS OF COMMUNITY
ASSOCIATION MANAGEMENT | NEW 2026
UPDATE | QUESTIONS AND ANSWERS |
100% CORRECT!!


Types of State Statutes Applying to Community Associations -
ANSWERS-General - Applies to all types of associations

Specifics - Applies to only one type of association (takes precedence
over any general statutes and governing documents.

Uniform - National Conference of Commissioners draft generic
content-specific wording to encourage uniformity among the states.



Purpose of Community Association Governing Documents - ANSWERS-
Provide legal structure and operation of a community association.



Hierarchy of Governing Documents - ANSWERS-Recorded map, plat or
plan

Declaration, CC&Rs, proprietary lease or occupancy agreement.

Articles of Incorporation

Bylaws

Board Resolutions



Declaration, CC&Rs, proprietary lease or occupancy agreement. -
ANSWERS-Declarations - Condo

, CC&Rs - Planned Community

Proprietary Lease/Occupancy Agrmt - Coop



Articles of Incorporation - ANSWERS-Brings corporation into
existence.

Coops must incorporate because the the corporation owns all the
property.

Other types of communities may incorporate.



Benefits of incorporating - ANSWERS-Limit liability of individual
owners.

Right granted all corporations

Easier to deal with utility companies, vendors, etc.



Bylaws - ANSWERS-Formally adopted regulations for the
administration and management of a community association.

- Meeting procedures including voting rights

- Board powers and duties



Board Resolutions - ANSWERS-A motion that follows a set format and
formally adopted by the board.

Characteristics of a Community Association - ANSWERS-Mandatory
membership

Mutually binding documents

Lien-based assessments