M100 QUESTIONS AND ANSWERS 2025
Characteristics of a Community Association - (ANSWER)Mandatory membership
Mutually binding documents
Lien-based assessments
Purposes of a Community Association - (ANSWER)Business - Not for profit
Government - Runs like a mini-government
Community - Mutual reasons for buying into area
3 Basic Types of Community Associations - (ANSWER)Planned Community - Owners owns his lot/living
unit and community owns common areas (tennis courts, basketball courts, etc.).
Condominium - Individual owns unit and undivided interest (percentage) in common elements.
Cooperative - Individual owns stock or membership in cooperative and holds a proprietary
lease/occupancy agreement.
Community associations can be grouped into clusters called: - (ANSWER)Master or Umbrella
Associations - More than one residential community.
Mixed-Use Development - Mixture of residential and commercial.
"55 and Older" Communities - 80% of residents are 55+ and at least one per unit.
Name the sources of legal obligations for a Community Association - (ANSWER)Federal, state and local
statutes, regulations and case law.
Governing documents
Standards set by professional bodies (AICPA)
Lender requirements
Types of Federal Law Applying to Community Associations - (ANSWER)Equal Employment Opportunity
Commission
Fair Debt Collection Practices Act
Fair Labor and Standards Act
, M100 QUESTIONS AND ANSWERS 2025
Family and Medical Leave Act
FICA
OSHA
Bankruptcy Code
FCC
Fair Housing Act
Types of State Statutes Applying to Community Associations - (ANSWER)General - Applies to all types of
associations
Specifics - Applies to only one type of association (takes precedence over any general statutes and
governing documents.
Uniform - National Conference of Commissioners draft generic content-specific wording to encourage
uniformity among the states.
Purpose of Community Association Governing Documents - (ANSWER)Provide legal structure and
operation of a community association.
Hierarchy of Governing Documents - (ANSWER)Recorded map, plat or plan
Declaration, CC&Rs, proprietary lease or occupancy agreement.
Articles of Incorporation
Bylaws
Board Resolutions
Declaration, CC&Rs, proprietary lease or occupancy agreement. - (ANSWER)Declarations - Condo
CC&Rs - Planned Community
Proprietary Lease/Occupancy Agrmt - Coop
Articles of Incorporation - (ANSWER)Brings corporation into existence.
Coops must incorporate because the the corporation owns all the property.
Characteristics of a Community Association - (ANSWER)Mandatory membership
Mutually binding documents
Lien-based assessments
Purposes of a Community Association - (ANSWER)Business - Not for profit
Government - Runs like a mini-government
Community - Mutual reasons for buying into area
3 Basic Types of Community Associations - (ANSWER)Planned Community - Owners owns his lot/living
unit and community owns common areas (tennis courts, basketball courts, etc.).
Condominium - Individual owns unit and undivided interest (percentage) in common elements.
Cooperative - Individual owns stock or membership in cooperative and holds a proprietary
lease/occupancy agreement.
Community associations can be grouped into clusters called: - (ANSWER)Master or Umbrella
Associations - More than one residential community.
Mixed-Use Development - Mixture of residential and commercial.
"55 and Older" Communities - 80% of residents are 55+ and at least one per unit.
Name the sources of legal obligations for a Community Association - (ANSWER)Federal, state and local
statutes, regulations and case law.
Governing documents
Standards set by professional bodies (AICPA)
Lender requirements
Types of Federal Law Applying to Community Associations - (ANSWER)Equal Employment Opportunity
Commission
Fair Debt Collection Practices Act
Fair Labor and Standards Act
, M100 QUESTIONS AND ANSWERS 2025
Family and Medical Leave Act
FICA
OSHA
Bankruptcy Code
FCC
Fair Housing Act
Types of State Statutes Applying to Community Associations - (ANSWER)General - Applies to all types of
associations
Specifics - Applies to only one type of association (takes precedence over any general statutes and
governing documents.
Uniform - National Conference of Commissioners draft generic content-specific wording to encourage
uniformity among the states.
Purpose of Community Association Governing Documents - (ANSWER)Provide legal structure and
operation of a community association.
Hierarchy of Governing Documents - (ANSWER)Recorded map, plat or plan
Declaration, CC&Rs, proprietary lease or occupancy agreement.
Articles of Incorporation
Bylaws
Board Resolutions
Declaration, CC&Rs, proprietary lease or occupancy agreement. - (ANSWER)Declarations - Condo
CC&Rs - Planned Community
Proprietary Lease/Occupancy Agrmt - Coop
Articles of Incorporation - (ANSWER)Brings corporation into existence.
Coops must incorporate because the the corporation owns all the property.
