CMCA M-100 The Essentials of Community Association Management UPDATED B2025/2026 100% VERIFIED CORRECT

CMCA M-100 The Essentials of Community Association
Management UPDATED 2025/2026 100% VERIFIED
CORRECT


Characteristics of a Community Association - Answers Mandatory membership Il` Il` Il` Il` Il` Il` Il` Il` Il`




Mutually binding documents Il` Il`




Lien-based assessments Il`




Il` Purposes of a Community Association - Answers Business - Not for profit
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Government - Runs like a mini-government Il` Il` Il` Il` Il`




Community - Mutual reasons for buying into area Il` Il` Il` Il` Il` Il` Il`




Il` 3 Basic Types of Community Associations - Answers Planned Community - Owners owns his
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Il` lot/living unit and community owns common areas (tennis courts, basketball courts, etc.).
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Condominium - Individual owns unit and undivided interest (percentage) in common elements. Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`




Cooperative - Individual owns stock or membership in cooperative and holds a proprietary
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lease/occupancy agreement.
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Il` Community associations can be grouped into clusters called: - Answers Master or Umbrella
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Il` Associations - More than one residential community. Il` Il` Il` Il` Il` Il`




Mixed-Use Development - Mixture of residential and commercial. Il` Il` Il` Il` Il` Il` Il`




"55 and Older" Communities - 80% of residents are 55+ and at least one per unit.
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Il` Name the sources of legal obligations for a Community Association - Answers Federal, state and
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Il` local statutes, regulations and case law.
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Governing documents Il`

,Standards set by professional bodies (AICPA) Il` Il` Il` Il` Il`




Lender requirements Il`




Il` Types of Federal Law Applying to Community Associations - Answers Equal Employment
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Il` Opportunity Commission Il`




Fair Debt Collection Practices Act
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Fair Labor and Standards Act
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Family and Medical Leave Act
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FICA

OSHA

Bankruptcy Code Il`




FCC

Fair Housing Act
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Il` Types of State Statutes Applying to Community Associations - Answers General - Applies to all
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Il` types of associations
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Specifics - Applies to only one type of association (takes precedence over any general statutes and
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governing documents.
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Uniform - National Conference of Commissioners draft generic content-specific wording to
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encourage uniformity among the states.
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Il` Purpose of Community Association Governing Documents - Answers Provide legal structure and
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Il` operation of a community association. Il` Il` Il` Il`




Il` Hierarchy of Governing Documents - Answers Recorded map, plat or plan
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Declaration, CC&Rs, proprietary lease or occupancy agreement. Il` Il` Il` Il` Il` Il`




Articles of Incorporation Il` Il`

, Bylaws

Board Resolutions Il`




Il` Declaration, CC&Rs, proprietary lease or occupancy agreement. - Answers Declarations - Condo Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il` Il`




CC&Rs - Planned Community Il` Il` Il`




Proprietary Lease/Occupancy Agrmt - Coop Il` Il` Il` Il`




Il` Articles of Incorporation - Answers Brings corporation into existence.
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Coops must incorporate because the the corporation owns all the property.
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Other types of communities may incorporate.
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Il` Benefits of incorporating - Answers Limit liability of individual owners.
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Right granted all corporations
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Easier to deal with utility companies, vendors, etc.
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Il` Bylaws - Answers Formally adopted regulations for the administration and management of a
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Il` community association. Il`




- Meeting procedures including voting rights
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- Board powers and duties
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Il` Board Resolutions - Answers A motion that follows a set format and formally adopted by the
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Il` board.



Il` Public Offering Statement - Answers Provides association information to first prospective buyers
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Il` in community.
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Required by state statute. Il` Il` Il`




Not considered a governing document.
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