12/4/25, 4:14 PM M-100 The Essentials of Community Association Management Exam study guide COMPLETE EXAM Questions and Answers (Verif…
M-100 The Essentials of Community Association
Management Exam study guide COMPLETE
EXAM Questions and Answers (Verified Answers)
(Latest Update 2025) UPDATE!!
Save
Terms in this set (47)
Mandatory membership
Characteristics of a
Mutually binding documents
Community Association
Lien-based assessments
Business - Not for profit
Purposes of a Community
Government - Runs like a mini-government
Association
Community - Mutual reasons for buying into area
Planned Community - Owners owns his lot/living unit
and community owns common areas (tennis courts,
basketball courts, etc.).
3 Basic Types of Condominium - Individual owns unit and undivided
Community Associations interest (percentage) in common elements.
Cooperative - Individual owns stock or membership in
cooperative and holds a proprietary lease/occupancy
agreement.
Master or Umbrella Associations - More than one
residential community.
Community associations
Mixed-Use Development - Mixture of residential and
can be grouped into
commercial.
clusters called:
"55 and Older" Communities - 80% of residents are
55+ and at least one per unit.
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, 12/4/25, 4:14 PM M-100 The Essentials of Community Association Management Exam study guide COMPLETE EXAM Questions and Answers (Verif…
Federal, state and local statutes, regulations and case
Name the sources of legal law.
obligations for a Governing documents
Community Association Standards set by professional bodies (AICPA)
Lender requirements
Equal Employment Opportunity Commission
Fair Debt Collection Practices Act
Fair Labor and Standards Act
Types of Federal Law Family and Medical Leave Act
Applying to Community FICA
Associations OSHA
Bankruptcy Code
FCC
Fair Housing Act
General - Applies to all types of associations
Specifics - Applies to only one type of association
Types of State Statutes (takes precedence over any general statutes and
Applying to Community governing documents.
Associations Uniform - National Conference of Commissioners
draft generic content-specific wording to encourage
uniformity among the states.
Purpose of Community Provide legal structure and operation of a community
Association Governing association.
Documents
Recorded map, plat or plan
Declaration, CC&Rs, proprietary lease or occupancy
Hierarchy of Governing agreement.
Documents Articles of Incorporation
Bylaws
Board Resolutions
Declaration, CC&Rs, Declarations - Condo
proprietary lease or CC&Rs - Planned Community
occupancy agreement. Proprietary Lease/Occupancy Agrmt - Coop
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M-100 The Essentials of Community Association
Management Exam study guide COMPLETE
EXAM Questions and Answers (Verified Answers)
(Latest Update 2025) UPDATE!!
Save
Terms in this set (47)
Mandatory membership
Characteristics of a
Mutually binding documents
Community Association
Lien-based assessments
Business - Not for profit
Purposes of a Community
Government - Runs like a mini-government
Association
Community - Mutual reasons for buying into area
Planned Community - Owners owns his lot/living unit
and community owns common areas (tennis courts,
basketball courts, etc.).
3 Basic Types of Condominium - Individual owns unit and undivided
Community Associations interest (percentage) in common elements.
Cooperative - Individual owns stock or membership in
cooperative and holds a proprietary lease/occupancy
agreement.
Master or Umbrella Associations - More than one
residential community.
Community associations
Mixed-Use Development - Mixture of residential and
can be grouped into
commercial.
clusters called:
"55 and Older" Communities - 80% of residents are
55+ and at least one per unit.
https://quizlet.com/1117132115/m-100-the-essentials-of-community-association-management-exam-study-guide-complete-exam-questions-and-answe… 1/8
, 12/4/25, 4:14 PM M-100 The Essentials of Community Association Management Exam study guide COMPLETE EXAM Questions and Answers (Verif…
Federal, state and local statutes, regulations and case
Name the sources of legal law.
obligations for a Governing documents
Community Association Standards set by professional bodies (AICPA)
Lender requirements
Equal Employment Opportunity Commission
Fair Debt Collection Practices Act
Fair Labor and Standards Act
Types of Federal Law Family and Medical Leave Act
Applying to Community FICA
Associations OSHA
Bankruptcy Code
FCC
Fair Housing Act
General - Applies to all types of associations
Specifics - Applies to only one type of association
Types of State Statutes (takes precedence over any general statutes and
Applying to Community governing documents.
Associations Uniform - National Conference of Commissioners
draft generic content-specific wording to encourage
uniformity among the states.
Purpose of Community Provide legal structure and operation of a community
Association Governing association.
Documents
Recorded map, plat or plan
Declaration, CC&Rs, proprietary lease or occupancy
Hierarchy of Governing agreement.
Documents Articles of Incorporation
Bylaws
Board Resolutions
Declaration, CC&Rs, Declarations - Condo
proprietary lease or CC&Rs - Planned Community
occupancy agreement. Proprietary Lease/Occupancy Agrmt - Coop
https://quizlet.com/1117132115/m-100-the-essentials-of-community-association-management-exam-study-guide-complete-exam-questions-and-answe… 2/8
