M100 COMMUNITY ASSOCIATION MANAGEMENT
EXAM|| ALL QUESTIONS AND CORRECT
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General resolutions involve routine events such as adoption of the annual budget.
True or false. The purpose of a community association's governing documents is to
provide for the legal structure and operation of the community.
True
The governing documents define the rights and obligations of both the community
association and its owners, create a binding relationship between each owner and
the community association, and establish the mechanisms for governing and
funding the community association's operations.
True or false. According to the general hierarchy of authority for governing
documents, the bylaws would control in a conflict with the recorded map, plat, or
plan.
False
As a general rule, documents lower in the hierarchy of authority cannot conflict
with or change the terms of those above them. The recorded map, plat, or plan is
above the bylaws in the hierarchy, and therefore would prevail in such a conflict.
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Complete the following sentence: A __________ state statute is one that applies
only to one or more types of community associations.
a. general
b. complex
c. specific
d. uniform
c. specific
A specific state statute is one that applies only to one or more types of community
associations. For example, most states have a condominium act which provides for
the establishment and operation of condominiums as legal entities. These acts vary
in terms of their complexity—the simplest ones just allow for the creation of
condominiums.
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.
True
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 occupancy agreement
identifies the premises that the stockholder is permitted to occupy exclusively,
defines the term of the lease and the rent that is payable by the stockholder, and
establishes the powers and obligations of the cooperative's board of directors,
including assessment rights.
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Complete the following sentence: The __________ bring the community
association into existence, define its basic purposes and powers, and indicate
whether stock will be issued.
a. recorded map, plat, or plan
b. declaration, CC&Rs, or master deed
c. proprietary lease or occupancy agreement
d. articles of incorporation
d. articles of incorporation
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.
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 purpose of a community association is to provide for
the governance, business, and communal aspects of the association.
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True
Providing for the governance, business, and communal aspects of the association is
achieved by administering, maintaining, and enhancing 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 basic types of residential community associations
EXCEPT:
a. Planned community
b. Townhouse
c. Cooperative
d. Condominium
b. Townhouse
While many community associations are indeed townhouse communities, not all
such developments are necessarily associations. A community association is
defined in terms of ownership rights—not architectural style.
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
d. general resolution
d. general resolution
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