EVALUATED M100 MODULE 4 ef ef ef
QUESTIONSANDANSWERS (CO ef ef ef
MMUNITY MANAGEMENT)SCO ef
REDA+ fe
Each of the following legal sources specify management authority and responsibilities for community asso
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ciations except: ef
a. survey data ef
b. state statutes
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c. community association governing docs ef ef ef
d. court decisions - CORRECT ANSWER -a. survey data
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True/False: the basic authority in a community association lies with the developer - CORRECT ANSWER -
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False
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The Board of directors in a community association has a
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to act in the best interests and for the
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benefit of the community as a whole.
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a. bond
b. fiduciary duty ef
c. ballot
d. quorum - CORRECT ANSWER -b. fiduciary duty
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QUESTIONSANDANSWERS (CO ef ef ef
MMUNITY MANAGEMENT)SCO ef
REDA+ fe
Each of the following legal sources specify management authority and responsibilities for community asso
ef ef ef ef ef ef ef ef ef ef ef ef ef
ciations except: ef
a. survey data ef
b. state statutes
ef
c. community association governing docs ef ef ef
d. court decisions - CORRECT ANSWER -a. survey data
ef ef ef ef ef ef ef
True/False: the basic authority in a community association lies with the developer - CORRECT ANSWER -
ef ef ef ef ef ef ef ef ef ef ef ef ef ef ef
False
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The Board of directors in a community association has a
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to act in the best interests and for the
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benefit of the community as a whole.
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a. bond
b. fiduciary duty ef
c. ballot
d. quorum - CORRECT ANSWER -b. fiduciary duty
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