M100 EXAM QUESTIONS WITH 100%
COMPLETE SOLUTIONS
Community Association - CORRECT ANSWER✔✔-Mandatory memberships,
| | | | | |
mutually binding contracts, lien-based assements
| | | |
Purpose of community association - CORRECT ANSWER✔✔-Provide for the
| | | | | | | | |
community, business, and governance aspects of the association
| | | | | | |
Basic types of community association - CORRECT ANSWER✔✔-Planned
| | | | | | | |
communities, condominium, and cooperatives | | |
Planned community - CORRECT ANSWER✔✔-HOA, owner association
| | | | | |
Condominium - CORRECT ANSWER✔✔-Owner of his/her unit
| | | | | |
Cooperative - CORRECT ANSWER✔✔-Owns stock/holds lease
| | | | |
Types of community associations - CORRECT ANSWER✔✔-Master/umbrella,
| | | | | |
Mixed use development, 55 and older
| | | | |
Association derives legal obligation from - CORRECT ANSWER✔✔-Federal, state
| | | | | | | | |
and local laws- legal documents, lender requirements, standards set by
| | | | | | | | | |
professional bodies |
,EEOC - CORRECT ANSWER✔✔-Equal employment opportunity commission
| | | | | |
Equal employment opportunity commission - CORRECT ANSWER✔✔-Prohibits
| | | | | | |
discrimination in hiring, promoting, etc.
| | | |
FLSA - CORRECT ANSWER✔✔-Fair Labor Standards Act
| | | | | |
Fair Labor Standards Act - CORRECT ANSWER✔✔-Dictates standards for minimum
| | | | | | | | |
wage
|
FMLA - CORRECT ANSWER✔✔-Family Medical Leave Act
| | | | | |
Family Medical Leave Act - CORRECT ANSWER✔✔-Provides for unpaid leave for
| | | | | | | | | | |
various medical issues | |
FICA - CORRECT ANSWER✔✔-Federal Insurance Contributions Act
| | | | | |
OSHA - CORRECT ANSWER✔✔-Occupy Safety Health Act
| | | | | |
Occupy Safety Health Act - CORRECT ANSWER✔✔-Outlines safety guidelines for
| | | | | | | | | |
employees
FCC - CORRECT ANSWER✔✔-Federal Communications Commission
| | | | |
, Federal Communications Commission - CORRECT ANSWER✔✔-Regulates what
| | | | | | |
restrictions associations have on antennas and satellite dishes
| | | | | | |
State statues - CORRECT ANSWER✔✔-General, specific, uniform
| | | | | |
General state statutes - CORRECT ANSWER✔✔-Apply to all organizations
| | | | | | | |
Specific state statutes - CORRECT ANSWER✔✔-Apply to only one or more types
| | | | | | | | | | | |
of community associations
| |
Uniform state statutes - CORRECT ANSWER✔✔-Standardize laws in various states
| | | | | | | | | |
that affect community associations
| | |
Hierarchy of governing documents - CORRECT ANSWER✔✔-Plat
| | | | | |
Declarations |
Articles
Bylaws
Rules
Bundle of rights - CORRECT ANSWER✔✔-Declaration, CCR, master deed
| | | | | | | |
What trumps articles? - CORRECT ANSWER✔✔-Declaration
| | | | |
Plat/map - CORRECT ANSWER✔✔-Shows precise location of each lot or unit
| | | | | | | | | |
COMPLETE SOLUTIONS
Community Association - CORRECT ANSWER✔✔-Mandatory memberships,
| | | | | |
mutually binding contracts, lien-based assements
| | | |
Purpose of community association - CORRECT ANSWER✔✔-Provide for the
| | | | | | | | |
community, business, and governance aspects of the association
| | | | | | |
Basic types of community association - CORRECT ANSWER✔✔-Planned
| | | | | | | |
communities, condominium, and cooperatives | | |
Planned community - CORRECT ANSWER✔✔-HOA, owner association
| | | | | |
Condominium - CORRECT ANSWER✔✔-Owner of his/her unit
| | | | | |
Cooperative - CORRECT ANSWER✔✔-Owns stock/holds lease
| | | | |
Types of community associations - CORRECT ANSWER✔✔-Master/umbrella,
| | | | | |
Mixed use development, 55 and older
| | | | |
Association derives legal obligation from - CORRECT ANSWER✔✔-Federal, state
| | | | | | | | |
and local laws- legal documents, lender requirements, standards set by
| | | | | | | | | |
professional bodies |
,EEOC - CORRECT ANSWER✔✔-Equal employment opportunity commission
| | | | | |
Equal employment opportunity commission - CORRECT ANSWER✔✔-Prohibits
| | | | | | |
discrimination in hiring, promoting, etc.
| | | |
FLSA - CORRECT ANSWER✔✔-Fair Labor Standards Act
| | | | | |
Fair Labor Standards Act - CORRECT ANSWER✔✔-Dictates standards for minimum
| | | | | | | | |
wage
|
FMLA - CORRECT ANSWER✔✔-Family Medical Leave Act
| | | | | |
Family Medical Leave Act - CORRECT ANSWER✔✔-Provides for unpaid leave for
| | | | | | | | | | |
various medical issues | |
FICA - CORRECT ANSWER✔✔-Federal Insurance Contributions Act
| | | | | |
OSHA - CORRECT ANSWER✔✔-Occupy Safety Health Act
| | | | | |
Occupy Safety Health Act - CORRECT ANSWER✔✔-Outlines safety guidelines for
| | | | | | | | | |
employees
FCC - CORRECT ANSWER✔✔-Federal Communications Commission
| | | | |
, Federal Communications Commission - CORRECT ANSWER✔✔-Regulates what
| | | | | | |
restrictions associations have on antennas and satellite dishes
| | | | | | |
State statues - CORRECT ANSWER✔✔-General, specific, uniform
| | | | | |
General state statutes - CORRECT ANSWER✔✔-Apply to all organizations
| | | | | | | |
Specific state statutes - CORRECT ANSWER✔✔-Apply to only one or more types
| | | | | | | | | | | |
of community associations
| |
Uniform state statutes - CORRECT ANSWER✔✔-Standardize laws in various states
| | | | | | | | | |
that affect community associations
| | |
Hierarchy of governing documents - CORRECT ANSWER✔✔-Plat
| | | | | |
Declarations |
Articles
Bylaws
Rules
Bundle of rights - CORRECT ANSWER✔✔-Declaration, CCR, master deed
| | | | | | | |
What trumps articles? - CORRECT ANSWER✔✔-Declaration
| | | | |
Plat/map - CORRECT ANSWER✔✔-Shows precise location of each lot or unit
| | | | | | | | | |
