CMCA EXAM 2024 LATEST EXAM WITH ACTUAL QUESTION AND CORRECT ANSWERS

CMCA EXAM 2024 LATEST EXAM WITH ACTUAL QUESTION AND CORRECT ANSWERS An organization of homeowners in a large condominium or planned unit development (PUD) which includes representatives from other, smaller homeowner organizations. - ANSWER Master Association A development which is designed to mix two or more "uses" of land together (i.e. shopping center which offers office space for dentists) - ANSWER Mixed Used Development The most common type of community association, where an owner owns his or her lot and/or living unit and the community owner nay common areas, such as tennis courts and roads for the use and benefit of the lot owners. - ANSWER Planned Community A rental agreement between a cooperative housing corporation and a shareholder allowing use of a certain unit in the premises. - ANSWER Proprietary Lease A disclosure statement prepared by a developer that contains all material facts about a property offered for sale and that must be provided to a prospective purchaser in accordance with applicable state or federal law. - ANSWER Public Offering Statement