M100 questions and answers with
solutions
Community Association - ANSWER Mandatory memberships, mutually binding contracts, lien-
based assements
Purpose of community association - ANSWER Provide for the community, business, and
governance aspects of the association
Basic types of community association - ANSWER Planned communities, condominium, and
cooperatives
Planned community - ANSWER HOA, owner association
Condominium - ANSWER Owner of his/her unit
Cooperative - ANSWER Owns stock/holds lease
Types of community associations - ANSWER Master/umbrella,
Mixed use development, 55 and older
Association derives legal obligation from - ANSWER Federal, state and local laws- legal
documents, lender requirements, standards set by professional bodies
EEOC - ANSWER Equal employment opportunity commission
,Equal employment opportunity commission - ANSWER Prohibits discrimination in hiring,
promoting, etc.
FLSA - ANSWER Fair Labor Standards Act
Fair Labor Standards Act - ANSWER Dictates standards for minimum wage
FMLA - ANSWER Family Medical Leave Act
Family Medical Leave Act - ANSWER Provides for unpaid leave for various medical issues
FICA - ANSWER Federal Insurance Contributions Act
OSHA - ANSWER Occupy Safety Health Act
Occupy Safety Health Act - ANSWER Outlines safety guidelines for employees
FCC - ANSWER Federal Communications Commission
Federal Communications Commission - ANSWER Regulates what restrictions associations have
on antennas and satellite dishes
State statues - ANSWER General, specific, uniform
General state statutes - ANSWER Apply to all organizations
Specific state statutes - ANSWER Apply to only one or more types of community associations
, Uniform state statutes - ANSWER Standardize laws in various states that affect community
associations
Hierarchy of governing documents - ANSWER Plat
Declarations
Articles
Bylaws
Rules
Bundle of rights - ANSWER Declaration, CCR, master deed
What trumps articles? - ANSWER Declaration
Plat/map - ANSWER Shows precise location of each lot or unit
Declaration, CCRS, master deed - ANSWER Establish the chain of title and rights of ownership
for each piece of real estate
Proprietary lease - ANSWER Defines member or stockholders right and obligations in a relative
to the living unit
Articles of incorporation - ANSWER Documents that establish the corporation
Bylaws - ANSWER Formally adopted regulations for the administrative and management of a
community association
solutions
Community Association - ANSWER Mandatory memberships, mutually binding contracts, lien-
based assements
Purpose of community association - ANSWER Provide for the community, business, and
governance aspects of the association
Basic types of community association - ANSWER Planned communities, condominium, and
cooperatives
Planned community - ANSWER HOA, owner association
Condominium - ANSWER Owner of his/her unit
Cooperative - ANSWER Owns stock/holds lease
Types of community associations - ANSWER Master/umbrella,
Mixed use development, 55 and older
Association derives legal obligation from - ANSWER Federal, state and local laws- legal
documents, lender requirements, standards set by professional bodies
EEOC - ANSWER Equal employment opportunity commission
,Equal employment opportunity commission - ANSWER Prohibits discrimination in hiring,
promoting, etc.
FLSA - ANSWER Fair Labor Standards Act
Fair Labor Standards Act - ANSWER Dictates standards for minimum wage
FMLA - ANSWER Family Medical Leave Act
Family Medical Leave Act - ANSWER Provides for unpaid leave for various medical issues
FICA - ANSWER Federal Insurance Contributions Act
OSHA - ANSWER Occupy Safety Health Act
Occupy Safety Health Act - ANSWER Outlines safety guidelines for employees
FCC - ANSWER Federal Communications Commission
Federal Communications Commission - ANSWER Regulates what restrictions associations have
on antennas and satellite dishes
State statues - ANSWER General, specific, uniform
General state statutes - ANSWER Apply to all organizations
Specific state statutes - ANSWER Apply to only one or more types of community associations
, Uniform state statutes - ANSWER Standardize laws in various states that affect community
associations
Hierarchy of governing documents - ANSWER Plat
Declarations
Articles
Bylaws
Rules
Bundle of rights - ANSWER Declaration, CCR, master deed
What trumps articles? - ANSWER Declaration
Plat/map - ANSWER Shows precise location of each lot or unit
Declaration, CCRS, master deed - ANSWER Establish the chain of title and rights of ownership
for each piece of real estate
Proprietary lease - ANSWER Defines member or stockholders right and obligations in a relative
to the living unit
Articles of incorporation - ANSWER Documents that establish the corporation
Bylaws - ANSWER Formally adopted regulations for the administrative and management of a
community association
