M100 Community Association Exam Questions & Answers 2025/2026

M100 Community Association Exam

Providing for the governance, business, and
communal
and
aspects of the association is
achieved by administering, maintaining, a residential real estate
development, and through the establishment of a system of property rights, binding
covenants and restrictions, and rules and regulations.

-
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 governed by the community association.
Answer- c. A requirement of community association ownership is serving on the board
of directors.
This is one of the three key characteristics common to all community associations.
Members of an association are not legally required to serve on the board of directors;
however, the overall success on the community is dependent upon the members'
involvement its affairs.
True or False. The primary
governance, business, and
purpose of a community association is to provide for the
communal aspects of the association. - Answer- True
Each of the following are basic types of residential community associations EXCEPT:
a. Planned community
b. Townhouse
c. Cooperative
d. Condominium - Answer- b. Townhouse
While many community associations are indeed townhouse communities, not all
developments are necessarily associations.
terms of ownership rights—not architectural
A community association is defined
style.
such
in
Adoption of the annual budget is an example of which of the following type of resolution?
a. policy resolution
b. administrative resolution
c. special resolution
M100 Community Association Exam
he
True or false. The purpose of
provide for the legal structure
a community association's governing documents is to
and operation of the community. - Answer- True
e
True or false. According to the general hierarchy of authority
the bylaws would control in a conflict with the recorded map,
a conflict.
Complete the following sentence: A state statute is one that applies only to
one or more types of community associations.
a.
b.
c.
d.
general
complex
specific
uniform - Answer- c. specific
In a cooperative, the proprietary lease or occupancy agreement serves generally the
same purpose as the declaration, CC&R, or master deed in other community
associations. Among other things, the proprietary lease or
to
occupancy agreement
identifies the premises that the stockholder is permitted occupy exclusively, defines
the
the
term of the lease and the rent that is payable by the stockholder, and establishes
powers and obligations of the cooperative's board of directors, including assessment
rights.
d. general resolution - Answer- d. general resolution
General resolutions involve routine events such as adoption of the annual budget.