M100 EXAM 2024 QUESTIONS WITH COMPLETE SOLUTIONS PASSED AND VERIFIED

M100 EXAM 2024 QUESTIONS WITH COMPLETE SOLUTIONS PASSED AND VERIFIED 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.