CMCA M100 CERTIFICATION EVALUATION
2026 STUDY GUIDE QUESTIONS AND
ANSWERS
◉ True or false: A proprietary lease or occupancy agreement in a
cooperative defines the member or stockholder's rights and
obligations in relation to the living unit.
Answer: True. In a cooperative, the proprietary lease or occupancy
agreement serves the same purpose as the CC&R or master deed in
other community associations. It defines the premises a stockholder
can occupy exclusively, sets the lease terms and rent payable by the
stockholder, and outlines the powers and obligations of the
cooperative's board of directors, including assessment rights.
◉ What are the key characteristics of community associations?
Answer: Mandatory Membership: Membership in the community
association is mandatory and automatic for all property owners
within the community. Mandatory Lien-based Assessments: Owners
are subject to mandatory lien-based economic charges or
assessments used to operate and maintain the association and its
common areas. Governing Documents: Certain documents bind all
property owners to be governed by the community association and
its rules, including the Declaration of Covenants, Conditions, and
Restrictions (CC&Rs), bylaws, and other governing regulations.
, ◉ Which of the following is NOT a key characteristic of community
associations? 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
governed by the community association.
Answer: c. A requirement of community association ownership is
serving on the board of directors.
◉ Community Association
Answer: Mandatory memberships, mutually binding contracts, lien-
based assessments
◉ Purpose of community association
Answer: Provide for the community, business, and governance
aspects of the association
◉ Basic types of community association
Answer: Planned communities, condominium, and cooperatives
◉ Planned community
Answer: HOA, owner association
2026 STUDY GUIDE QUESTIONS AND
ANSWERS
◉ True or false: A proprietary lease or occupancy agreement in a
cooperative defines the member or stockholder's rights and
obligations in relation to the living unit.
Answer: True. In a cooperative, the proprietary lease or occupancy
agreement serves the same purpose as the CC&R or master deed in
other community associations. It defines the premises a stockholder
can occupy exclusively, sets the lease terms and rent payable by the
stockholder, and outlines the powers and obligations of the
cooperative's board of directors, including assessment rights.
◉ What are the key characteristics of community associations?
Answer: Mandatory Membership: Membership in the community
association is mandatory and automatic for all property owners
within the community. Mandatory Lien-based Assessments: Owners
are subject to mandatory lien-based economic charges or
assessments used to operate and maintain the association and its
common areas. Governing Documents: Certain documents bind all
property owners to be governed by the community association and
its rules, including the Declaration of Covenants, Conditions, and
Restrictions (CC&Rs), bylaws, and other governing regulations.
, ◉ Which of the following is NOT a key characteristic of community
associations? 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
governed by the community association.
Answer: c. A requirement of community association ownership is
serving on the board of directors.
◉ Community Association
Answer: Mandatory memberships, mutually binding contracts, lien-
based assessments
◉ Purpose of community association
Answer: Provide for the community, business, and governance
aspects of the association
◉ Basic types of community association
Answer: Planned communities, condominium, and cooperatives
◉ Planned community
Answer: HOA, owner association
