M100 EXAM WITH ALL CORRECT & 100% VERIFIED
ANSWERS|LATEST VERSION|ALREADY GRADED A+|
JUST RELEASED
Community Association ✔Correct Answer-Mandatory memberships, mutually binding contracts,
lien-based assements
Purpose of community association ✔Correct Answer-Provide for the community, business, and
governance aspects of the association
Basic types of community association ✔Correct Answer-Planned communities, condominium, and
cooperatives
Planned community ✔Correct Answer-HOA, owner association
Condominium ✔Correct Answer-Owner of his/her unit
Cooperative ✔Correct Answer-Owns stock/holds lease
Types of community associations ✔Correct Answer-Master/umbrella,
Mixed use development, 55 and older
Association derives legal obligation from ✔Correct Answer-Federal, state and local laws- legal
documents, lender requirements, standards set by professional bodies
EEOC ✔Correct Answer-Equal employment opportunity commission
Equal employment opportunity commission ✔Correct Answer-Prohibits discrimination in hiring,
promoting, etc.
FLSA ✔Correct Answer-Fair Labor Standards Act
Fair Labor Standards Act ✔Correct Answer-Dictates standards for minimum wage
FMLA ✔Correct Answer-Family Medical Leave Act
Family Medical Leave Act ✔Correct Answer-Provides for unpaid leave for various medical issues
FICA ✔Correct Answer-Federal Insurance Contributions Act
OSHA ✔Correct Answer-Occupy Safety Health Act
Occupy Safety Health Act ✔Correct Answer-Outlines safety guidelines for employees
FCC ✔Correct Answer-Federal Communications Commission
Federal Communications Commission ✔Correct Answer-Regulates what restrictions associations
have on antennas and satellite dishes
, State statues ✔Correct Answer-General, specific, uniform
General state statutes ✔Correct Answer-Apply to all organizations
Specific state statutes ✔Correct Answer-Apply to only one or more types of community
associations
Uniform state statutes ✔Correct Answer-Standardize laws in various states that affect community
associations
Hierarchy of governing documents ✔Correct Answer-Plat
Declarations
Articles
Bylaws
Rules
Bundle of rights ✔Correct Answer-Declaration, CCR, master deed
What trumps articles? ✔Correct Answer-Declaration
Plat/map ✔Correct Answer-Shows precise location of each lot or unit
Declaration, CCRS, master deed ✔Correct Answer-Establish the chain of title and rights of
ownership for each piece of real estate
Proprietary lease ✔Correct Answer-Defines member or stockholders right and obligations in a
relative to the living unit
Articles of incorporation ✔Correct Answer-Documents that establish the corporation
Bylaws ✔Correct Answer-Formally adopted regulations for the administrative and management of
a community association
Resolution ✔Correct Answer-Motion that follow a swell format and is formally adopted by the
BOD
public offering statement ✔Correct Answer-Disclosure statement- not apart of the governing
documents
Benefits of incorporating ✔Correct Answer-Limits liability
Makes it easier to deal with contractors
Scope of Rules and ARCH guidelines ✔Correct Answer-Behavior of residents, guests and visitors
Appearance of individual lots/units
Use of common property
Use of individual lots/units
Types or rules or resolutions for a community association ✔Correct Answer-General
Administrative
Special
ANSWERS|LATEST VERSION|ALREADY GRADED A+|
JUST RELEASED
Community Association ✔Correct Answer-Mandatory memberships, mutually binding contracts,
lien-based assements
Purpose of community association ✔Correct Answer-Provide for the community, business, and
governance aspects of the association
Basic types of community association ✔Correct Answer-Planned communities, condominium, and
cooperatives
Planned community ✔Correct Answer-HOA, owner association
Condominium ✔Correct Answer-Owner of his/her unit
Cooperative ✔Correct Answer-Owns stock/holds lease
Types of community associations ✔Correct Answer-Master/umbrella,
Mixed use development, 55 and older
Association derives legal obligation from ✔Correct Answer-Federal, state and local laws- legal
documents, lender requirements, standards set by professional bodies
EEOC ✔Correct Answer-Equal employment opportunity commission
Equal employment opportunity commission ✔Correct Answer-Prohibits discrimination in hiring,
promoting, etc.
FLSA ✔Correct Answer-Fair Labor Standards Act
Fair Labor Standards Act ✔Correct Answer-Dictates standards for minimum wage
FMLA ✔Correct Answer-Family Medical Leave Act
Family Medical Leave Act ✔Correct Answer-Provides for unpaid leave for various medical issues
FICA ✔Correct Answer-Federal Insurance Contributions Act
OSHA ✔Correct Answer-Occupy Safety Health Act
Occupy Safety Health Act ✔Correct Answer-Outlines safety guidelines for employees
FCC ✔Correct Answer-Federal Communications Commission
Federal Communications Commission ✔Correct Answer-Regulates what restrictions associations
have on antennas and satellite dishes
, State statues ✔Correct Answer-General, specific, uniform
General state statutes ✔Correct Answer-Apply to all organizations
Specific state statutes ✔Correct Answer-Apply to only one or more types of community
associations
Uniform state statutes ✔Correct Answer-Standardize laws in various states that affect community
associations
Hierarchy of governing documents ✔Correct Answer-Plat
Declarations
Articles
Bylaws
Rules
Bundle of rights ✔Correct Answer-Declaration, CCR, master deed
What trumps articles? ✔Correct Answer-Declaration
Plat/map ✔Correct Answer-Shows precise location of each lot or unit
Declaration, CCRS, master deed ✔Correct Answer-Establish the chain of title and rights of
ownership for each piece of real estate
Proprietary lease ✔Correct Answer-Defines member or stockholders right and obligations in a
relative to the living unit
Articles of incorporation ✔Correct Answer-Documents that establish the corporation
Bylaws ✔Correct Answer-Formally adopted regulations for the administrative and management of
a community association
Resolution ✔Correct Answer-Motion that follow a swell format and is formally adopted by the
BOD
public offering statement ✔Correct Answer-Disclosure statement- not apart of the governing
documents
Benefits of incorporating ✔Correct Answer-Limits liability
Makes it easier to deal with contractors
Scope of Rules and ARCH guidelines ✔Correct Answer-Behavior of residents, guests and visitors
Appearance of individual lots/units
Use of common property
Use of individual lots/units
Types or rules or resolutions for a community association ✔Correct Answer-General
Administrative
Special
