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M-100 The Essentials of Community Association Management Exam Questions with Correct Answers
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M-100 The Essentials of Community Association Management Exam Questions with Correct Answers 
Characteristics of a Community Association - Correct Answers Mandatory membership 
Mutually binding documents 
Lien-based assessments 
 
Purposes of a Community Association - Correct Answers Business - Not for profit 
Government - Runs like a mini-government 
Community - Mutual reasons for buying into area 
 
3 Basic Types of Community Associations - Correct Answers Planned Community - Owners owns his l...
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M-100 THE ESSENTIALS OF COMMUNITY ASSOCIATION MANAGEMENT LATEST EXAM 2024/2025 WITH QUESTIONS AND CORRECT ANSWERS GRADED A+
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M-100 THE ESSENTIALS OF COMMUNITY ASSOCIATION MANAGEMENT 
LATEST EXAM 2024/2025 WITH QUESTIONS AND CORRECT ANSWERS 
GRADED A+
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M-100 THE ESSENTIALS OF COMMUNITY ASSOCIATION MANAGEMENT LATEST EXAM 2024/2025 WITH QUESTIONS AND CORRECT ANSWERS GRADED A+
- Exam (elaborations) • 17 pages • 2024
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M-100 THE ESSENTIALS OF COMMUNITY ASSOCIATION MANAGEMENT 
LATEST EXAM 2024/2025 WITH QUESTIONS AND CORRECT ANSWERS 
GRADED A+
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M-100 Exam Bundle With Complete And Verified Solutions
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M-100 Exam Bundle With Complete And Verified Solutions
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M-100 Focus Questions: LEGAL BASIS Exam Questions And Answers
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M-100 Focus Questions: LEGAL BASIS 
Exam Questions And 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 order ...
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M-100 The Essentials of Community Association Management Exam Questions With 100% Correct Answers
- Exam (elaborations) • 80 pages • 2024
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M-100 The Essentials of Community 
Association Management Exam Questions 
With 100% Correct Answers 
Each of the following are key characteristics of community associations 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 community association is mandatory and automatic for all owners. 
c. A requirement of community association ownership is serving on the board of directors...
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M-100 Community Association Management Exam Questions With 100% Correct Answers
- Exam (elaborations) • 3 pages • 2024
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M-100 Community Association Management 
Exam Questions With 100% Correct 
Answers 
Community Association - answeris 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 - answerMandatory 
Membership 
mutually binding documents 
lien based assesments 
Is membership in the community association is? - answerMandatory and automatic for all 
its owners. 
Why are mand...
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Community association manager Exam Questions With 100% Correct Answers
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Community association manager Exam 
Questions With 100% Correct 
Answers 
A community association is Generally defined as real or personal property,owned by two or 
more entities, which share the responsibility for the cost of maintenance and administration - 
answerTrue 
Purchasers of a timeshare plan have a 10 day contract recision period in which to cancel the 
purchase - answerTrue 
Not for-profit corporations are exempt from federal income taxes - answerFalse 
A condominium and a hospital m...
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M-100 QUIZ (all sections) Exam Questions With 100% Correct Answers
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M-100 QUIZ (all sections) Exam Questions 
With 100% Correct 
Answers 
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. - ans...
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M-100 - CH 1 Exam Questions With Correct Answers
- Exam (elaborations) • 2 pages • 2024
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M-100 - CH 1 Exam Questions With Correct 
Answers 
Each of the following are key characteristics of community associations 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 community association is mandatory and automatic for all owners 
C. A requirement of community association ownership is serving on the board of directors 
D. Certain documents bind all owners to be governe...
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