M100 COMMUNITY ASSOCIATION
MANAGEMENT EXAM (ACTUAL 2025-2026)
WITH 100% VERIFIED DETAILED ANSWERS
Complete the following sentence: The| bringthe | | | | |
community association into existence, define its basic
| | | | | | |
purposes and powers, and indicate whether stock will be
| | | | | | | | |
issued.
|
a. recorded map, plat, or plan | | | |
b. declaration, CC&Rs, or master deed | | | |
c. proprietary lease or occupancy agreement | | | |
d. articles of incorporation | |
d. articles of incorporation
| | |
Which terminology for the following homeowner policies is for
| | | | | | | |
a condominium or cooperative unit owner?
| | | | | |
a. HO-6
b. HO-4
c. HO-1
d. HO-1
a. HO-6
Terminology varies with insurer, but homeowner (HO) policies | | | | | | |
are usually referred to by the following numbers: HO- 1, HO-2,
| | | | | | | | | | |
HO-3, and HO-5 refer to policies for owner- occupied units, HO-
| | | | | | | | | | |
4 is a tenant's policy, and HO-6 is a policy for a condominium or
| | | | | | | | | | | | |
cooperative unit owner.
| | |
,True or false. The preservation of life and property are
| | | | | | | | |
paramount concerns in any insurance contract
| | | | | |
True
There are certain important things to consider when filing
| | | | | | | |
insurance claims. Included among these are that every
| | | | | | | |
insurance contract has its own requirements for filing claims,
| | | | | | | | |
any possible claim that could have an adverse economic impact
| | | | | | | | | |
on the community association should be reported to the insurer,
| | | | | | | | | |
claims may require the filing of formal proofs of loss, and the
| | | | | | | | | | | |
preservation of life and property are paramount concerns in any
| | | | | | | | | |
insurance contract.
| |
Complete the following sentence: For a community
| | | | | |
association,
| is the process of operating,
| | | | |
maintaining, repairing, and replacing common property.
| | | | | |
a. preventative maintenance |
b. facilities management |
c. maintenance record |
d. scheduled replacement |
b. facilities management |
Facilities management is the process of operating,
| | | | | |
maintaining, repairing, and replacing common property, and
| | | | | | |
,for a community association, that includes the common
| | | | | | |
elements or areas.
| | |
True or false. One of the goals of maintenance for a community
| | | | | | | | | | |
association is to limit injury to residents, guests, and
| | | | | | | | |
employees.
|
True
Maintenance has three major goals in a community association. | | | | | | | |
These include to meet the needs of the individual residents, to
| | | | | | | | | | |
preserve and enhance the common property, and to limit injury to
| | | | | | | | | | |
residents, guests, and employees.
| | | |
Each of the following include steps in establishing a
| | | | | | | |
maintenance system for a community association EXCEPT:
| | | | | | |
a. assign blame to staff not adequately fulfilling maintenance
| | | | | | |
responsibilities
|
b. develop maintenance management controls | | |
c. analyze your assets' maintenance needs | | | |
d. evaluate your maintenance system and efforts | | | | |
a. assign blame to staff not adequately fulfilling maintenance
| | | | | | |
responsibilities
|
, There are five steps in establishing a maintenance system for a
| | | | | | | | | |
community association. These involve developing maintenance
| | | | | |
management controls, identifying the physical assets to
| | | | | | |
maintain, analyzing your assets' maintenance needs,
| | | | | |
establishing five basic maintenance programs, and evaluating
| | | | | | |
your maintenance system and efforts. Assigning blame to staff
| | | | | | | | |
not adequately fulfilling maintenance responsibilities is not
| | | | | | |
included among these steps.
| | | |
Which of the following is not an example of a maintenance
| | | | | | | | | |
management control?
| |
a. work orders |
b. charts of information | |
c. response forms |
d. public offering statements | |
d. public offering statements
| | |
MANAGEMENT EXAM (ACTUAL 2025-2026)
WITH 100% VERIFIED DETAILED ANSWERS
Complete the following sentence: The| bringthe | | | | |
community association into existence, define its basic
| | | | | | |
purposes and powers, and indicate whether stock will be
| | | | | | | | |
issued.
|
a. recorded map, plat, or plan | | | |
b. declaration, CC&Rs, or master deed | | | |
c. proprietary lease or occupancy agreement | | | |
d. articles of incorporation | |
d. articles of incorporation
| | |
Which terminology for the following homeowner policies is for
| | | | | | | |
a condominium or cooperative unit owner?
| | | | | |
a. HO-6
b. HO-4
c. HO-1
d. HO-1
a. HO-6
Terminology varies with insurer, but homeowner (HO) policies | | | | | | |
are usually referred to by the following numbers: HO- 1, HO-2,
| | | | | | | | | | |
HO-3, and HO-5 refer to policies for owner- occupied units, HO-
| | | | | | | | | | |
4 is a tenant's policy, and HO-6 is a policy for a condominium or
| | | | | | | | | | | | |
cooperative unit owner.
| | |
,True or false. The preservation of life and property are
| | | | | | | | |
paramount concerns in any insurance contract
| | | | | |
True
There are certain important things to consider when filing
| | | | | | | |
insurance claims. Included among these are that every
| | | | | | | |
insurance contract has its own requirements for filing claims,
| | | | | | | | |
any possible claim that could have an adverse economic impact
| | | | | | | | | |
on the community association should be reported to the insurer,
| | | | | | | | | |
claims may require the filing of formal proofs of loss, and the
| | | | | | | | | | | |
preservation of life and property are paramount concerns in any
| | | | | | | | | |
insurance contract.
| |
Complete the following sentence: For a community
| | | | | |
association,
| is the process of operating,
| | | | |
maintaining, repairing, and replacing common property.
| | | | | |
a. preventative maintenance |
b. facilities management |
c. maintenance record |
d. scheduled replacement |
b. facilities management |
Facilities management is the process of operating,
| | | | | |
maintaining, repairing, and replacing common property, and
| | | | | | |
,for a community association, that includes the common
| | | | | | |
elements or areas.
| | |
True or false. One of the goals of maintenance for a community
| | | | | | | | | | |
association is to limit injury to residents, guests, and
| | | | | | | | |
employees.
|
True
Maintenance has three major goals in a community association. | | | | | | | |
These include to meet the needs of the individual residents, to
| | | | | | | | | | |
preserve and enhance the common property, and to limit injury to
| | | | | | | | | | |
residents, guests, and employees.
| | | |
Each of the following include steps in establishing a
| | | | | | | |
maintenance system for a community association EXCEPT:
| | | | | | |
a. assign blame to staff not adequately fulfilling maintenance
| | | | | | |
responsibilities
|
b. develop maintenance management controls | | |
c. analyze your assets' maintenance needs | | | |
d. evaluate your maintenance system and efforts | | | | |
a. assign blame to staff not adequately fulfilling maintenance
| | | | | | |
responsibilities
|
, There are five steps in establishing a maintenance system for a
| | | | | | | | | |
community association. These involve developing maintenance
| | | | | |
management controls, identifying the physical assets to
| | | | | | |
maintain, analyzing your assets' maintenance needs,
| | | | | |
establishing five basic maintenance programs, and evaluating
| | | | | | |
your maintenance system and efforts. Assigning blame to staff
| | | | | | | | |
not adequately fulfilling maintenance responsibilities is not
| | | | | | |
included among these steps.
| | | |
Which of the following is not an example of a maintenance
| | | | | | | | | |
management control?
| |
a. work orders |
b. charts of information | |
c. response forms |
d. public offering statements | |
d. public offering statements
| | |
