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M-100 The Essentials Of Community Association Management Latest Actual Exam With Verified Questions & Correct Answers

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M-100 The Essentials Of Community Association Management Latest Actual Exam With Verified Questions & Correct Answers

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M-100 THE ESSENTIALS OF COMMUNITY
ASSOCIATION MANAGEMENT LATEST ACTUAL EXAM
WITH VERIFIED QUESTIONS & CORRECT ANSWERS

Question 1.
Maintenance Management Tools

ANSWER
Checklists
Charts of information
Calendars or schedules
Inventories
Work orders
Request forms



Question 2.
Judicial Remedies

ANSWER
Record the association lien
Foreclose the lien
Personal money judgement



Question 3.
Income Exposures to Loss

ANSWER
Fidelity - Employee theft
Assessments receivable - Loss of assessments due to damaged property Business - Loss of
business income
Extra Expense - Ex. Temporary office, equipment, or help due to loss of office.






, Question 4.
Resolution Format

ANSWER
Purpose
Authority
Scope & Intent
Specifications



Question 5.
External Resources for Enforcing Rules

ANSWER
Local Health Department
Local Zoning Department
Local Fire Department
Local Police Department
Local Building Department
Local Animal Shelter



Question 6.
Purpose of Community Association Governing Documents

ANSWER
Provide legal structure and operation of a community association.



Question 7.
Maintenance Responsibilities

ANSWER
Governing docs
State statutes
Board resolutions

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