Study guides, Class notes & Summaries

M100 Test Review Questions and Answers

M-100 The Essentials of Community Association Management Exam Questions And Answers (Verified And Updated) Characteristics of a Community Association - answerMandatory membership Mutually binding documents Lien-based assessments Purposes of a Community Association - answerBusiness - Not for profit Government - Runs like a mini-government Community - Mutual reasons for buying into area 3 Basic Types of Community Associations - answerPlanned Community - Owners owns his lot/living unit an...

M-100 Focus : LEGAL BASIS Exam Questions With 100% Correct Answers Define a community association and its 3 characteristics - answerA community association is a legal entity in which the owners enjoy the protection, enhancement, maintenance and preservation of their homes and property. - Membership is mandatory - Governing documents bind the owner and the association to each other through mandated actions - Mandatory lien-based assessments (maintenance fees) are levied on each owner in o...

M-100 The Essentials of Community Association Management Exam Questions And Answers (Verified And Updated) Characteristics of a Community Association - answerMandatory membership Mutually binding documents Lien-based assessments Purposes of a Community Association - answerBusiness - Not for profit Government - Runs like a mini-government Community - Mutual reasons for buying into area 3 Basic Types of Community Associations - answerPlanned Community - Owners owns his lot/living unit an...

M-100 Focus : LEGAL BASIS Exam Questions With 100% Correct Answers Define a community association and its 3 characteristics - answerA community association is a legal entity in which the owners enjoy the protection, enhancement, maintenance and preservation of their homes and property. - Membership is mandatory - Governing documents bind the owner and the association to each other through mandated actions - Mandatory lien-based assessments (maintenance fees) are levied on each owner in o...

M-100 COMMUNITY ASSOCIATION MANAGEMENT WITH COMPLETE SOLUTIONS 100% Community Association is a legal entity in which the owners enjoy the protection enhancement maintenance and preservation of their homes and property What are the three characteristics of a Community Association Mandatory Membership mutually binding documents lien based assesments Is membership in the community association is? Mandatory and automatic for all its owners. Why are mandatory lien based assessmen...

M-100 QUIZ - COMMUNITY MANAGEMENT AND LEADERSHIP WITH COMPLETE SOLUTIONS 100% Each of the following legal sources specify management authority and responsibilities for community associations EXCEPT: A. Survey data B. State Statutes C. Community Association governing documents D Court decisions A. Survey data TRUE or FALSE: The basic authority in a community association lies with the developer. FALSE The basic authority in a community association lies with the owners. Complete t...

M-100 QUIZ (ALL SECTIONS) WITH COMPLETE SOLUTIONS 100% Each of the following are key characteristics of a community association EXCEPT: A. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. B. Membership in the ca is mandatory and automatic for all owners. C. A requirement of ca ownership is attending board meetings D. Certain documents bind all owners to be governed by the community. C. A requirement of...

M-100 THE ESSENTIALS OF COMMUNITY ASSOCIATION MANAGEMENT WITH COMPLETE SOLUTIONS 100% community association legal entity in which the owners enjoy the protection, enhancement, maintenance & preservation of their homes & property community association has 3 defining characteristics Membership in the community is mandatory & automatic for all owners; certain association docs bind the owner & the association to each other through mandated actions; mandatory lien-based assessments (maintenan...

M-100 THE ESSENTIALS OF COMMUNITY ASSOCIATION MANAGEMENT WITH COMPLETE SOLUTIONS 100% Characteristics of a Community Association Mandatory membership Mutually binding documents Lien-based assessments Purposes of a Community Association Business - Not for profit Government - Runs like a mini-government Community - Mutual reasons for buying into area 3 Basic Types of Community Associations Planned Community - Owners owns his lot/living unit and community owns common areas (tennis...