1
, CMCA M100 EXAM NEWEST 2026 ACTUAL EXAM TEST
BANK| M100 CMCA EXAM REVIEW WITH COMPLETE
350 REAL EXAM QUESTIONS AND CORRECT VERIFIED
ANSWERS/ ALREADY GRADED A+ (MOST RECENT!!)
1. Each of the following are key characteristics of community
associations EXCEPT:
A) Mandatory lien-based economic charges or assessments are
levied on each owner
B) Membership in the community association is mandatory and
automatic for all owners
C) A requirement of community association ownership is serving
on the board of directors
D) Certain documents bind all owners to be governed by the
community association
Correct Answer: C
Rationale: This is correct because serving on the board of
directors is NOT a requirement of ownership. The three key
characteristics common to all community associations are: (1)
mandatory membership and automatic for all owners, (2)
2
,mandatory lien-based assessments levied on each owner, and (3)
binding governing documents that all owners must follow. While
boards need volunteers, owners cannot be forced to serve; that
would be involuntary servitude. Thus, option C is the exception.
2. What are the three most common types of community
associations?
A) Condominiums, Townhomes, and Single-Family Homes
B) Condominiums, Homeowners Associations (HOAs), and
Cooperatives (Co-ops)
C) Planned Unit Developments, Mobile Home Parks, and
Timeshares
D) Master Associations, Sub-Associations, and Property Owners
Associations
Correct Answer: B
Rationale: This is correct because the three most common types
of community associations are condominiums, homeowners
associations (HOAs also called planned communities), and
cooperatives (co-ops). Each type has a distinct legal structure
and ownership model. Townhomes (A) refer to architectural style,
not ownership type. Planned Unit Developments (C) are a subset
3
, of HOAs. Master associations (D) are umbrella organizations, not
a basic type. Thus, the three basic types are defined by
ownership rights, not architecture.
3. True or False: The primary purpose of a community
association is to provide for the governance, business, and
communal aspects of the association.
A) True
B) False
Correct Answer: A (True)
Rationale: This is correct because the primary purpose of a
community association is indeed to provide for the governance,
business, and communal aspects of the association. This is
achieved by administering, maintaining, and enhancing a
residential real estate development and through the
establishment of a system of property rights, binding covenants
and restrictions, and rules and regulations. The three purposes
are: Business (operating as a not-for-profit entity), Government
(functioning like a mini-government with rules and enforcement),
and Community (the mutual reasons owners bought into the area).
Thus, the statement is true.
4
, CMCA M100 EXAM NEWEST 2026 ACTUAL EXAM TEST
BANK| M100 CMCA EXAM REVIEW WITH COMPLETE
350 REAL EXAM QUESTIONS AND CORRECT VERIFIED
ANSWERS/ ALREADY GRADED A+ (MOST RECENT!!)
1. Each of the following are key characteristics of community
associations EXCEPT:
A) Mandatory lien-based economic charges or assessments are
levied on each owner
B) Membership in the community association is mandatory and
automatic for all owners
C) A requirement of community association ownership is serving
on the board of directors
D) Certain documents bind all owners to be governed by the
community association
Correct Answer: C
Rationale: This is correct because serving on the board of
directors is NOT a requirement of ownership. The three key
characteristics common to all community associations are: (1)
mandatory membership and automatic for all owners, (2)
2
,mandatory lien-based assessments levied on each owner, and (3)
binding governing documents that all owners must follow. While
boards need volunteers, owners cannot be forced to serve; that
would be involuntary servitude. Thus, option C is the exception.
2. What are the three most common types of community
associations?
A) Condominiums, Townhomes, and Single-Family Homes
B) Condominiums, Homeowners Associations (HOAs), and
Cooperatives (Co-ops)
C) Planned Unit Developments, Mobile Home Parks, and
Timeshares
D) Master Associations, Sub-Associations, and Property Owners
Associations
Correct Answer: B
Rationale: This is correct because the three most common types
of community associations are condominiums, homeowners
associations (HOAs also called planned communities), and
cooperatives (co-ops). Each type has a distinct legal structure
and ownership model. Townhomes (A) refer to architectural style,
not ownership type. Planned Unit Developments (C) are a subset
3
, of HOAs. Master associations (D) are umbrella organizations, not
a basic type. Thus, the three basic types are defined by
ownership rights, not architecture.
3. True or False: The primary purpose of a community
association is to provide for the governance, business, and
communal aspects of the association.
A) True
B) False
Correct Answer: A (True)
Rationale: This is correct because the primary purpose of a
community association is indeed to provide for the governance,
business, and communal aspects of the association. This is
achieved by administering, maintaining, and enhancing a
residential real estate development and through the
establishment of a system of property rights, binding covenants
and restrictions, and rules and regulations. The three purposes
are: Business (operating as a not-for-profit entity), Government
(functioning like a mini-government with rules and enforcement),
and Community (the mutual reasons owners bought into the area).
Thus, the statement is true.
4
