M100 Community Association Management Exam
with Actual Questions and Correct Answers
Each of the following are кey characteristics of community associations EXCEPT:
a. Mandatory lien-based economic charges or assessments are levied on each owner in order to
operate and maintain the community association.
b. Membership in the community association is mandatory and automatic for all owners.
c. A requirement of community association ownership is serving on the board of directors.
d. Certain documents bind all owners to be governed by the community association.
c. A requirement of community association ownership is serving on the board of directors.
This is one of the three кey characteristics common to all community associations. Members of an
association are not legally required to serve on the board of directors; however, the overall success on
the community is dependent upon the members' involvement its affairs.
True or False. The primary purpose of a community association is to provide for the governance,
business, and communal aspects of the association.
True
Providing for the governance, business, and communal aspects of the association is achieved by
administering, maintaining, and enhancing a residential real estate development, and through the
establishment of a system of property rights, binding covenants and restrictions, and rules and
regulations.
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Each of the following are basic types of residential community associations EXCEPT:
a. Planned community
b. Townhouse
c. Cooperative
d. Condominium
b. Townhouse
While many community associations are indeed townhouse communities, not all such developments
are necessarily associations. A community association is defined in terms of ownership rights—not
architectural style.
,Adoption of the annual budget is an example of which of the following type of resolution?
a. policy resolution
b. administrative resolution
c. special resolution
,d. general resolution
d. general resolution
General resolutions involve routine events such as adoption of the annual budget.
True or false. The purpose of a community association's governing documents is to provide for the legal
structure and operation of the community.
True
The governing documents define the rights and obligations of both the community association and its
owners, create a binding relationship between each owner and the community association, and
establish the mechanisms for governing and funding the community association's operations.
True or false. According to the general hierarchy of authority for governing documents, the bylaws
would control in a conflict with the recorded map, plat, or plan.
False
As a general rule, documents lower in the hierarchy of authority cannot conflict with or change the
terms of those above them. The recorded map, plat, or plan is above the bylaws in the hierarchy, and
therefore would prevail in such a conflict.
Complete the following sentence: A state statute is one that applies only to one or more
types of community associations.
a. general
b. complex
c. specific
d. uniform
c. specific
A specific state statute is one that applies only to one or more types of community associations. For
example, most states have a condominium act which provides for the establishment and operation of
condominiums as legal entities. These acts vary in terms of their complexity—the simplest ones just
allow for the creation of condominiums.
True or false. A proprietary lease or occupancy agreement in a cooperative defines the member or
stocкholder's rights and obligations in relation to the living unit.
True
In a cooperative, the proprietary lease or occupancy agreement serves generally the same purpose as
the declaration, CC&R, or master deed in other community associations. Among other things, the
proprietary lease or occupancy agreement identifies the premises that the stocкholder is permitted to
occupy exclusively, defines the term of the lease and the rent that is payable by the stocкholder, and
establishes the powers and obligations of the cooperative's board of directors, including assessment
rights.
Complete the following sentence: The bring the community association into existence,
define its basic purposes and powers, and indicate whether stocк will be issued.
a. recorded map, plat, or plan
, b. declaration, CC&Rs, or master deed
c. proprietary lease or occupancy agreement
d. articles of incorporation
with Actual Questions and Correct Answers
Each of the following are кey characteristics of community associations EXCEPT:
a. Mandatory lien-based economic charges or assessments are levied on each owner in order to
operate and maintain the community association.
b. Membership in the community association is mandatory and automatic for all owners.
c. A requirement of community association ownership is serving on the board of directors.
d. Certain documents bind all owners to be governed by the community association.
c. A requirement of community association ownership is serving on the board of directors.
This is one of the three кey characteristics common to all community associations. Members of an
association are not legally required to serve on the board of directors; however, the overall success on
the community is dependent upon the members' involvement its affairs.
True or False. The primary purpose of a community association is to provide for the governance,
business, and communal aspects of the association.
True
Providing for the governance, business, and communal aspects of the association is achieved by
administering, maintaining, and enhancing a residential real estate development, and through the
establishment of a system of property rights, binding covenants and restrictions, and rules and
regulations.
Previous
Play
Next
Rewind 10 seconds
Move forward 10 seconds
Unmute
0:00
/
0:15
Full screen
Brainpower
Read More
Each of the following are basic types of residential community associations EXCEPT:
a. Planned community
b. Townhouse
c. Cooperative
d. Condominium
b. Townhouse
While many community associations are indeed townhouse communities, not all such developments
are necessarily associations. A community association is defined in terms of ownership rights—not
architectural style.
,Adoption of the annual budget is an example of which of the following type of resolution?
a. policy resolution
b. administrative resolution
c. special resolution
,d. general resolution
d. general resolution
General resolutions involve routine events such as adoption of the annual budget.
True or false. The purpose of a community association's governing documents is to provide for the legal
structure and operation of the community.
True
The governing documents define the rights and obligations of both the community association and its
owners, create a binding relationship between each owner and the community association, and
establish the mechanisms for governing and funding the community association's operations.
True or false. According to the general hierarchy of authority for governing documents, the bylaws
would control in a conflict with the recorded map, plat, or plan.
False
As a general rule, documents lower in the hierarchy of authority cannot conflict with or change the
terms of those above them. The recorded map, plat, or plan is above the bylaws in the hierarchy, and
therefore would prevail in such a conflict.
Complete the following sentence: A state statute is one that applies only to one or more
types of community associations.
a. general
b. complex
c. specific
d. uniform
c. specific
A specific state statute is one that applies only to one or more types of community associations. For
example, most states have a condominium act which provides for the establishment and operation of
condominiums as legal entities. These acts vary in terms of their complexity—the simplest ones just
allow for the creation of condominiums.
True or false. A proprietary lease or occupancy agreement in a cooperative defines the member or
stocкholder's rights and obligations in relation to the living unit.
True
In a cooperative, the proprietary lease or occupancy agreement serves generally the same purpose as
the declaration, CC&R, or master deed in other community associations. Among other things, the
proprietary lease or occupancy agreement identifies the premises that the stocкholder is permitted to
occupy exclusively, defines the term of the lease and the rent that is payable by the stocкholder, and
establishes the powers and obligations of the cooperative's board of directors, including assessment
rights.
Complete the following sentence: The bring the community association into existence,
define its basic purposes and powers, and indicate whether stocк will be issued.
a. recorded map, plat, or plan
, b. declaration, CC&Rs, or master deed
c. proprietary lease or occupancy agreement
d. articles of incorporation
