M100 Exam Questions with Verified Correct
Answers
Community Association
Mandatory memberships, mutually binding contracts, lien-based assements
Purpose of community association
Provide for the community, business, and governance aspects of the association
Basic types of community association
Planned communities, condominium, and cooperatives
Planned community
HOA, owner association
Condominium
Owner of his/her unit
Cooperative
Owns stock/holds lease
Types of community associations
Master/umbrella,
Mixed use development, 55 and older
Association derives legal obligation from
Federal, state and local laws- legal documents, lender requirements, standards set by
professional bodies
,EEOC
Equal employment opportunity commission
Equal employment opportunity commission
Prohibits discrimination in hiring, promoting, etc.
FLSA
Fair Labor Standards Act
Fair Labor Standards Act
Dictates standards for minimum wage
FMLA
Family Medical Leave Act
Family Medical Leave Act
Provides for unpaid leave for various medical issues
FICA
Federal Insurance Contributions Act
OSHA
Occupy Safety Health Act
Occupy Safety Health Act
Outlines safety guidelines for employees
FCC
Federal Communications Commission
, Federal Communications Commission
Regulates what restrictions associations have on antennas and satellite dishes
State statues
General, specific, uniform
General state statutes
Apply to all organizations
Specific state statutes
Apply to only one or more types of community associations
Uniform state statutes
Standardize laws in various states that affect community associations
Hierarchy of governing documents
Plat
Declarations
Articles
Bylaws
Rules
Bundle of rights
Declaration, CCR, master deed
What trumps articles?
Declaration
Plat/map
Answers
Community Association
Mandatory memberships, mutually binding contracts, lien-based assements
Purpose of community association
Provide for the community, business, and governance aspects of the association
Basic types of community association
Planned communities, condominium, and cooperatives
Planned community
HOA, owner association
Condominium
Owner of his/her unit
Cooperative
Owns stock/holds lease
Types of community associations
Master/umbrella,
Mixed use development, 55 and older
Association derives legal obligation from
Federal, state and local laws- legal documents, lender requirements, standards set by
professional bodies
,EEOC
Equal employment opportunity commission
Equal employment opportunity commission
Prohibits discrimination in hiring, promoting, etc.
FLSA
Fair Labor Standards Act
Fair Labor Standards Act
Dictates standards for minimum wage
FMLA
Family Medical Leave Act
Family Medical Leave Act
Provides for unpaid leave for various medical issues
FICA
Federal Insurance Contributions Act
OSHA
Occupy Safety Health Act
Occupy Safety Health Act
Outlines safety guidelines for employees
FCC
Federal Communications Commission
, Federal Communications Commission
Regulates what restrictions associations have on antennas and satellite dishes
State statues
General, specific, uniform
General state statutes
Apply to all organizations
Specific state statutes
Apply to only one or more types of community associations
Uniform state statutes
Standardize laws in various states that affect community associations
Hierarchy of governing documents
Plat
Declarations
Articles
Bylaws
Rules
Bundle of rights
Declaration, CCR, master deed
What trumps articles?
Declaration
Plat/map
