M100 QUESTIONS AND ANSWERS 2025

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M100 QUESTIONS AND ANSWERS 2025

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M100 QUESTIONS AND ANSWERS 2025

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M100 QUESTIONS AND ANSWERS 2025

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

,2 | Page

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

, 3 | Page

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

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Uploaded on: July 24, 2025
Number of pages: 28
Written in: 2024/2025
Type: Exam (elaborations)
Contains: Questions & answers

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