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Exam (elaborations)

Ch. 12 - Community Associations Questions and Answers correct

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Ch. 12 - Community Associations Questions and Answers correct Who typically has responsibility for approving changes to the building exterior in a condominium? The condominium association. 3 multiple choice options Membership in a home owners association in a Georgia subdivision is dependent on how the subdivision is organized. 3 multiple choice options The power to enforce community association covenants comes from contracts and deed restrictions. 3 multiple choice options Associations of homeowners within certain subdivisions, townhouse developments, condominium complexes, cooperatives, or other planned developments are known as: Community associations 3 multiple choice options Compared with other types of homeowner association, condominium associations have more regulatory concerns. 3 multiple choice options The type of organization which originally began with the common law idea of deed restrictions, or the idea that restrictions on ownership are able to be established by a contract, is known as: A homeowners association 3 multiple choice options Which of the following individuals must be licensed to perform community association management services? A person who provides general CAM services for several associations. 3 multiple choice options Which of the following statements regarding condominium management and managing a subdivision HOA is accurate? In a condominium complex, there is generally more commonly owned area to maintain than in a subdivision. 3 multiple choice options Compared with subdivisions, condominiums _________. involve more aspects subject to regulation. 3 multiple choice options To apply for a community association manager's licenses, an individual must have a high school degree or equivalent. 3 multiple choice options Which of the following is true regarding condominium ownership? There is a community association, and the condo owner automatically becomes a mandatory member of it. 3 multiple choice options A person who is licensed as a community association manager may NOT enter directly into a management contract. 3 multiple choice options Brokers who handle community association funds must carry fidelity insurance UNLESS they never handle more than $60,000 at one time. 3 multiple choice options In a condominium, who usually has the authority to say whether a building exterior needs repair or refurbishment? The association. 3 multiple choice options Community association covenants cannot set limits for: Interior changes to a property

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Community association management








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Institution
Community association management
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Community association management

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Uploaded on
April 24, 2025
Number of pages
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Written in
2024/2025
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Ch. 12 - Community Associations Questions
and Answers correct
Who typically has responsibility for approving changes to the building exterior in a
condominium? - answer The condominium association.

Membership in a home owners association in a Georgia subdivision is - answer
dependent on how the subdivision is organized.

The power to enforce community association covenants comes from - answer
contracts and deed restrictions.

Associations of homeowners within certain subdivisions, townhouse developments,
condominium complexes, cooperatives, or other planned developments are known as: -
answer Community associations

Compared with other types of homeowner association, condominium associations -
answer have more regulatory concerns.

The type of organization which originally began with the common law idea of deed
restrictions, or the idea that restrictions on ownership are able to be established by a
contract, is known as: - answer A homeowners association

Which of the following individuals must be licensed to perform community association
management services? - answer A person who provides general CAM services for
several associations.

Which of the following statements regarding condominium management and managing
a subdivision HOA is accurate? - answer In a condominium complex, there is
generally more commonly owned area to maintain than in a subdivision.

Compared with subdivisions, condominiums _________. - answer involve more
aspects subject to regulation.

To apply for a community association manager's licenses, an individual must - answer
have a high school degree or equivalent.

Which of the following is true regarding condominium ownership? - answer There is
a community association, and the condo owner automatically becomes a mandatory
member of it.

A person who is licensed as a community association manager may NOT - answer
enter directly into a management contract.

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