6/5/26, 9:40 AM M100 COMMUNITY ASSOCIATION MANAGEMENT EXAM Newest 2026 Complete Questions and Correct Detailed Answers (Verifi…
M100 COMMUNITY ASSOCIATION
MANAGEMENT EXAM Newest 2026 Complete
Questions and Correct Detailed Answers
(Verified Answers) |Already Graded A+
Save
Terms in this set (47)
Characteristics of a Community Mandatory membership
Association Mutually binding documents
Lien-based assessments
Purposes of a Community Business - Not for profit
Association Government - Runs like a mini-government
Community - Mutual reasons for buying into area
3 Basic Types of Community Planned Community - Owners owns his lot/living
Associations unit and community owns common areas (tennis
courts, basketball courts, etc.).
Condominium - Individual owns unit and undivided
interest (percentage) in common elements.
Cooperative - Individual owns stock or
membership in cooperative and holds a
proprietary lease/occupancy agreement.
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, 6/5/26, 9:40 AM M100 COMMUNITY ASSOCIATION MANAGEMENT EXAM Newest 2026 Complete Questions and Correct Detailed Answers (Verifi…
Community associations can be Master or Umbrella Associations - More than one
grouped into clusters called: residential community.
Mixed-Use Development - Mixture of residential
and commercial.
"55 and Older" Communities - 80% of residents are
55+ and at least one per unit.
Name the sources of legal Federal, state and local statutes, regulations and
obligations for a Community case law.
Association Governing documents
Standards set by professional bodies (AICPA)
Lender requirements
Types of Federal Law Applying to Equal Employment Opportunity Commission
Community Associations Fair Debt Collection Practices Act
Fair Labor and Standards Act
Family and Medical Leave Act
FICA
OSHA
Bankruptcy Code
FCC
Fair Housing Act
Types of State Statutes Applying to General - Applies to all types of associations
Community 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.
https://quizlet.com/1186998082/m100-community-association-management-exam-newest-2026-complete-questions-and-correct-detailed-answers-ve… 2/10
M100 COMMUNITY ASSOCIATION
MANAGEMENT EXAM Newest 2026 Complete
Questions and Correct Detailed Answers
(Verified Answers) |Already Graded A+
Save
Terms in this set (47)
Characteristics of a Community Mandatory membership
Association Mutually binding documents
Lien-based assessments
Purposes of a Community Business - Not for profit
Association Government - Runs like a mini-government
Community - Mutual reasons for buying into area
3 Basic Types of Community Planned Community - Owners owns his lot/living
Associations unit and community owns common areas (tennis
courts, basketball courts, etc.).
Condominium - Individual owns unit and undivided
interest (percentage) in common elements.
Cooperative - Individual owns stock or
membership in cooperative and holds a
proprietary lease/occupancy agreement.
https://quizlet.com/1186998082/m100-community-association-management-exam-newest-2026-complete-questions-and-correct-detailed-answers-ve… 1/10
, 6/5/26, 9:40 AM M100 COMMUNITY ASSOCIATION MANAGEMENT EXAM Newest 2026 Complete Questions and Correct Detailed Answers (Verifi…
Community associations can be Master or Umbrella Associations - More than one
grouped into clusters called: residential community.
Mixed-Use Development - Mixture of residential
and commercial.
"55 and Older" Communities - 80% of residents are
55+ and at least one per unit.
Name the sources of legal Federal, state and local statutes, regulations and
obligations for a Community case law.
Association Governing documents
Standards set by professional bodies (AICPA)
Lender requirements
Types of Federal Law Applying to Equal Employment Opportunity Commission
Community Associations Fair Debt Collection Practices Act
Fair Labor and Standards Act
Family and Medical Leave Act
FICA
OSHA
Bankruptcy Code
FCC
Fair Housing Act
Types of State Statutes Applying to General - Applies to all types of associations
Community 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.
https://quizlet.com/1186998082/m100-community-association-management-exam-newest-2026-complete-questions-and-correct-detailed-answers-ve… 2/10
