Correct Answers
Each of the following are key characteristics of a community association 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 ca is mandatory and automatic for all owners.
C. A requirement of ca ownership is attending board meetings
D. Certain documents bind all owners to be governed by the community.
C. A requirement of community association ownership is attending board
meetings.
True or False. The primary purpose of a community association is to provide for
the governance, business, and communal aspects of the association.
True
Each of the following are basic types of residential community associations
EXCEPT:
a. Planned community
b. Townhouse
c. Cooperative
, d. Condominium
b. Townhouse
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
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
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