M-100 THE ESSENTIALS OF COMMUNITY
ASSOCIATION MANAGEMENT | NEW 2026
UPDATE | QUESTIONS AND ANSWERS |
100% CORRECT!!
Types of State Statutes Applying to Community Associations -
ANSWERS-General - Applies to all types of associations
Specifics - Applies to only one type of association (takes precedence
over any general statutes and governing documents.
Uniform - National Conference of Commissioners draft generic
content-specific wording to encourage uniformity among the states.
Purpose of Community Association Governing Documents - ANSWERS-
Provide legal structure and operation of a community association.
Hierarchy of Governing Documents - ANSWERS-Recorded map, plat or
plan
Declaration, CC&Rs, proprietary lease or occupancy agreement.
Articles of Incorporation
Bylaws
Board Resolutions
Declaration, CC&Rs, proprietary lease or occupancy agreement. -
ANSWERS-Declarations - Condo
, CC&Rs - Planned Community
Proprietary Lease/Occupancy Agrmt - Coop
Articles of Incorporation - ANSWERS-Brings corporation into
existence.
Coops must incorporate because the the corporation owns all the
property.
Other types of communities may incorporate.
Benefits of incorporating - ANSWERS-Limit liability of individual
owners.
Right granted all corporations
Easier to deal with utility companies, vendors, etc.
Bylaws - ANSWERS-Formally adopted regulations for the
administration and management of a community association.
- Meeting procedures including voting rights
- Board powers and duties
Board Resolutions - ANSWERS-A motion that follows a set format and
formally adopted by the board.
Characteristics of a Community Association - ANSWERS-Mandatory
membership
Mutually binding documents
Lien-based assessments
ASSOCIATION MANAGEMENT | NEW 2026
UPDATE | QUESTIONS AND ANSWERS |
100% CORRECT!!
Types of State Statutes Applying to Community Associations -
ANSWERS-General - Applies to all types of associations
Specifics - Applies to only one type of association (takes precedence
over any general statutes and governing documents.
Uniform - National Conference of Commissioners draft generic
content-specific wording to encourage uniformity among the states.
Purpose of Community Association Governing Documents - ANSWERS-
Provide legal structure and operation of a community association.
Hierarchy of Governing Documents - ANSWERS-Recorded map, plat or
plan
Declaration, CC&Rs, proprietary lease or occupancy agreement.
Articles of Incorporation
Bylaws
Board Resolutions
Declaration, CC&Rs, proprietary lease or occupancy agreement. -
ANSWERS-Declarations - Condo
, CC&Rs - Planned Community
Proprietary Lease/Occupancy Agrmt - Coop
Articles of Incorporation - ANSWERS-Brings corporation into
existence.
Coops must incorporate because the the corporation owns all the
property.
Other types of communities may incorporate.
Benefits of incorporating - ANSWERS-Limit liability of individual
owners.
Right granted all corporations
Easier to deal with utility companies, vendors, etc.
Bylaws - ANSWERS-Formally adopted regulations for the
administration and management of a community association.
- Meeting procedures including voting rights
- Board powers and duties
Board Resolutions - ANSWERS-A motion that follows a set format and
formally adopted by the board.
Characteristics of a Community Association - ANSWERS-Mandatory
membership
Mutually binding documents
Lien-based assessments
