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M100 questions with actual answers 2025.

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M100 questions with actual answers 2025.

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M100 Final Exam Updated Questions and Verified Answers,

100% Guarantee Pass


1. Community Association

- ANS>>Mandatory memberships, mutually binding contracts, lien-based
assements



2. Purpose of community association

- ANS>>Provide for the community, business, and governance aspects of the
association



3. Basic types of community association

- ANS>>Planned communities, condominium, and cooperatives



4. Planned community

- ANS>>HOA, owner association



5. Condominium

- ANS>>Owner of his/her unit



6. Cooperative



https://www.stuvia.com/user/PageTurners

, - ANS>>Owns stock/holds lease



7. Types of community associations

- ANS>>Master/umbrella,

Mixed use development, 55 and older



8. Association derives legal obligation from

- ANS>>Federal, state and local laws- legal documents, lender requirements,
standards set by professional bodies



9. EEOC –

ANS>>Equal employment opportunity commission



10. Equal employment opportunity commission

- ANS>>Prohibits discrimination in hiring, promoting, etc.



11. FLSA

- ANS>>Fair Labor Standards Act



12. Fair Labor Standards Act

- ANS>>Dictates standards for minimum wage




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