M100 COMMUNITY ASSOCIATION
MANAGEMENT PRACTICE EXAM 2026
COMPREHENSIVE SCRIPT QUESTIONS AND
SOLUTIONS
◉ General hierarchy of authority for governing docs. Answer: If
there are conflicts between docs, the document that is here in the
hierarchy would prevail. The higher a document's place in the
hierarchy, the greater its legal weight in a court of law
◉ Recorded map, plat or plan. Answer: Help define an owner's or a
community's tile to property
◉ Declaration, CC&Rs, master deed. Answer: Declaration brings the
condo or planned community into existence because it spells out the
essential elements of ownership
◉ Proprietary lease or occupancy agreement. Answer: Used in
cooperative; defines the member or stockholder's rights &
obligations in relation to the living unit
◉ 4 parts to the proprietary lease or occupancy agrmt. Answer: 1.
identifies premises that stockholder is permitted to occupy
exclusively. 2. Defines the term of the lease & rent that is payable by
, the stockholder. 3. establishes the powers & obligations of the
cooperative's board of directors, including assessment rights. 4.
defines events which would result in the termination of the
proprietary lease
◉ Articles of Incorporation. Answer: Community association's
corporate structure is established when a developer's attorney
creates the association's governing docs. Attorney may file articles of
incorporation with the state corporation agency.
◉ 4 parts to the Articles. Answer: 1. Brings the corporation into
existence; 2. Define its basic purpose and powers; 3. Indicate
whether stock will be issued; 4. Indicate the number of board
members & identify the initial board
◉ Bylaws. Answer: Formally adopted regulations for the
administration & management of a community association.
◉ Bylaws address 7 topics:. Answer: Requirements for membership
in the community association
Requirements for membership meetings
Voting rights of member owners
Procedures for electing the board of directors
Procedures for board of directors to select officers
General powers & duties of the board
MANAGEMENT PRACTICE EXAM 2026
COMPREHENSIVE SCRIPT QUESTIONS AND
SOLUTIONS
◉ General hierarchy of authority for governing docs. Answer: If
there are conflicts between docs, the document that is here in the
hierarchy would prevail. The higher a document's place in the
hierarchy, the greater its legal weight in a court of law
◉ Recorded map, plat or plan. Answer: Help define an owner's or a
community's tile to property
◉ Declaration, CC&Rs, master deed. Answer: Declaration brings the
condo or planned community into existence because it spells out the
essential elements of ownership
◉ Proprietary lease or occupancy agreement. Answer: Used in
cooperative; defines the member or stockholder's rights &
obligations in relation to the living unit
◉ 4 parts to the proprietary lease or occupancy agrmt. Answer: 1.
identifies premises that stockholder is permitted to occupy
exclusively. 2. Defines the term of the lease & rent that is payable by
, the stockholder. 3. establishes the powers & obligations of the
cooperative's board of directors, including assessment rights. 4.
defines events which would result in the termination of the
proprietary lease
◉ Articles of Incorporation. Answer: Community association's
corporate structure is established when a developer's attorney
creates the association's governing docs. Attorney may file articles of
incorporation with the state corporation agency.
◉ 4 parts to the Articles. Answer: 1. Brings the corporation into
existence; 2. Define its basic purpose and powers; 3. Indicate
whether stock will be issued; 4. Indicate the number of board
members & identify the initial board
◉ Bylaws. Answer: Formally adopted regulations for the
administration & management of a community association.
◉ Bylaws address 7 topics:. Answer: Requirements for membership
in the community association
Requirements for membership meetings
Voting rights of member owners
Procedures for electing the board of directors
Procedures for board of directors to select officers
General powers & duties of the board
