When must a Limited Proxy be used as opposed to a Proxy (condos and coops)?
Give this one a try later!
, If the owner is unable to attend a meeting where there will be a vote to:
-waive or reduce reserves
-waive financial reporting requirements
-amend the declaration, articles of incorporation, or bylaws
-on any other matter where the statute requires or permits a vote of the
membership
Pretty much ANY time there is a vote
Sample Q: The board of administration of the Lemon Tree Condominium erects a
maintenance shed beetween Mrs. Sweet's unit and the golf course. Mrs. Sweet writes
a letter to the manager complaining about the shed and demands its removal. The
board of administration refuses to remove it so Mrs. Sweet paints her door red. Which
applies?
A) Articles give authority to the directors to construct necessary buildings for the
association
B) Because Mrs. Sweet painted her door red, she may not complain otherwise
C) Directors are empowered to obstruct any unit owner's view
D) Easements granted to the unit owners in the declaration prohibit this obstruction of
view
Give this one a try later!
D) this is the CLOSEST answer and the only real possibility
What is a recall of a board member and how does it work?
Give this one a try later!
, Recall can remove a board member at any time without cause. It must
happen at a meeting of the membership or by written agreement. Ten
percent (10%) of the owners can call a special meeting to recall a board
member(s). The vote required for a recall is a majority of the entire
membership.
You cannot fill a recalled position if there are 60 days or less before a
scheduled re-election of the board member south to be replaced.
Board members can appoint temporary members to fill vacancies for the
remainder of the term of the member replaced.
Human Resource Management
Give this one a try later!
planning, organizing, leading, controlling, and evaluating the human
resources and processes of the assoc. so that it can accomplish its goals
-Employees and vendors are obligated to possess the skills required to
perform their tasks, use reasonable care, and refrain from doing anything
that would harm the assoc.
-Association is obligated to provide employees and vendors full and fair
pay for their services, a safe work environment, and proper
training/supervision
-The association should maintain an employee handbook, even if it is just
one employee. Should define the work day, full time vs. part time,
probationary periods, holidays, vacations, drug testing policies, sexual
harassment policies, appropriate dress, pay increases, job descriptions,
evaluation criteria, etc.
-State and Federal postings for employees must be in the employee break
room
Who comprises a fine committee and what do they do?
Give this one a try later!
, any parcel owner or unit owner who is neither an officer, director, or
employee of the association (or an immediate relation to the
board/employee)
they determine whether to confirm or reject the fine or suspension levied
by the board
Community Association (Definition)
Give this one a try later!
a residential homeowners' association in which membership is a condition
of ownership (mandatory) of a unit in a planned unit development, or of a
lot for a home or a mobile home, or of a townhouse, villa, condominium,
cooperative, or other residential unit which is part of a residential
development scheme and which is authorized to impose a fee
(assessment) which may become a lien on the parcel.
Compilation for accrual accounting:
Give this one a try later!
when preparer uses fund accounting based on info provided by
management (no audit and no opinion expressed)
Condo and HOAs: when revenue is between $150,000 - $300,000
Cooperatives: when revenue is between $150,000 - $299,999
Community association management firm (definition)
Give this one a try later!
, If the owner is unable to attend a meeting where there will be a vote to:
-waive or reduce reserves
-waive financial reporting requirements
-amend the declaration, articles of incorporation, or bylaws
-on any other matter where the statute requires or permits a vote of the
membership
Pretty much ANY time there is a vote
Sample Q: The board of administration of the Lemon Tree Condominium erects a
maintenance shed beetween Mrs. Sweet's unit and the golf course. Mrs. Sweet writes
a letter to the manager complaining about the shed and demands its removal. The
board of administration refuses to remove it so Mrs. Sweet paints her door red. Which
applies?
A) Articles give authority to the directors to construct necessary buildings for the
association
B) Because Mrs. Sweet painted her door red, she may not complain otherwise
C) Directors are empowered to obstruct any unit owner's view
D) Easements granted to the unit owners in the declaration prohibit this obstruction of
view
Give this one a try later!
D) this is the CLOSEST answer and the only real possibility
What is a recall of a board member and how does it work?
Give this one a try later!
, Recall can remove a board member at any time without cause. It must
happen at a meeting of the membership or by written agreement. Ten
percent (10%) of the owners can call a special meeting to recall a board
member(s). The vote required for a recall is a majority of the entire
membership.
You cannot fill a recalled position if there are 60 days or less before a
scheduled re-election of the board member south to be replaced.
Board members can appoint temporary members to fill vacancies for the
remainder of the term of the member replaced.
Human Resource Management
Give this one a try later!
planning, organizing, leading, controlling, and evaluating the human
resources and processes of the assoc. so that it can accomplish its goals
-Employees and vendors are obligated to possess the skills required to
perform their tasks, use reasonable care, and refrain from doing anything
that would harm the assoc.
-Association is obligated to provide employees and vendors full and fair
pay for their services, a safe work environment, and proper
training/supervision
-The association should maintain an employee handbook, even if it is just
one employee. Should define the work day, full time vs. part time,
probationary periods, holidays, vacations, drug testing policies, sexual
harassment policies, appropriate dress, pay increases, job descriptions,
evaluation criteria, etc.
-State and Federal postings for employees must be in the employee break
room
Who comprises a fine committee and what do they do?
Give this one a try later!
, any parcel owner or unit owner who is neither an officer, director, or
employee of the association (or an immediate relation to the
board/employee)
they determine whether to confirm or reject the fine or suspension levied
by the board
Community Association (Definition)
Give this one a try later!
a residential homeowners' association in which membership is a condition
of ownership (mandatory) of a unit in a planned unit development, or of a
lot for a home or a mobile home, or of a townhouse, villa, condominium,
cooperative, or other residential unit which is part of a residential
development scheme and which is authorized to impose a fee
(assessment) which may become a lien on the parcel.
Compilation for accrual accounting:
Give this one a try later!
when preparer uses fund accounting based on info provided by
management (no audit and no opinion expressed)
Condo and HOAs: when revenue is between $150,000 - $300,000
Cooperatives: when revenue is between $150,000 - $299,999
Community association management firm (definition)
