M100 Community Association Management Exam BUNDLED M-100 QUIZ (all sections) Exam M100 The Essentials of Community Association Management Exam Questions with correct Answers
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1. When is a CIC created? ANS A CIC is created when the declaration (CC&Rs) is recorded with the county. No later than the date the first unit is conveyed 2. How many elected board members are required under NRS 116B, once the declarant's control of a condominium hotel terminates? ANS 3 3. A co...
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Add to cart1. When is a CIC created? ANS A CIC is created when the declaration (CC&Rs) is recorded with the county. No later than the date the first unit is conveyed 2. How many elected board members are required under NRS 116B, once the declarant's control of a condominium hotel terminates? ANS 3 3. A co...
1. Each of the following are key characteristics of a community association 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 ca is mandatory and automatic for all owners. C. A...
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Add to cart1. Each of the following are key characteristics of a community association 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 ca is mandatory and automatic for all owners. C. A...
1. Characteristics of a Community Association: Mandatory membership Mutually binding documents Lien-based assessments 2. Purposes of a Community Association: Business - Not for profit Government - Runs like a mini-government Community - Mutual reasons for buying into area 3. 3 Basic Types of Com...
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Add to cart1. Characteristics of a Community Association: Mandatory membership Mutually binding documents Lien-based assessments 2. Purposes of a Community Association: Business - Not for profit Government - Runs like a mini-government Community - Mutual reasons for buying into area 3. 3 Basic Types of Com...
1. Community Association: Mandatory memberships, mutually binding contracts, lien-based assements 2. Purpose of community association: Provide for the community, business, and governance aspects of the association 3. Basic types of community association: Planned communities, condominium, and coope...
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Add to cart1. Community Association: Mandatory memberships, mutually binding contracts, lien-based assements 2. Purpose of community association: Provide for the community, business, and governance aspects of the association 3. Basic types of community association: Planned communities, condominium, and coope...
2. Does a condo owner who manages his own community on a part-time basis need a real estate license? ANS No 3. Does a CPA who collects association assessments need a real estate li- cense? ANS No 4. Does a person working for a management company and managing only one association need a real esta...
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Add to cart2. Does a condo owner who manages his own community on a part-time basis need a real estate license? ANS No 3. Does a CPA who collects association assessments need a real estate li- cense? ANS No 4. Does a person working for a management company and managing only one association need a real esta...
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