Community association m - Study guides, Class notes & Summaries

Community Association a legal entity in which the owners enjoy the PROTECTION, ENHANCEMENT, MAINTENANCE and PRESERVATION of their homes and property. 3 Basic Types of Community Associations 1. Planned Community - An owner owns his lot/unit and the community owns common areas. 2. Condominium - Individual owns his living unit and owns an undivided interest in the common elements. 3. Cooperative or Stock Cooperative - Individual owns stock or membership in the cooperative and owns a propri...

M100 Community Association Management Exam Questions with 100% Verified Answers. 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 docu...

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. (Ans- c. A req...

M100 COMMUNITY ASSOCIATION MANAGEMENT EXAM A & B LATEST ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS ALREADY GRADED A+ JUST RELEASED.

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M100 COMMUNITY ASSOCIATION MANAGEMENT EXAM LATEST ACTUAL EXAM 2 VERSIONS 300 QUESTIONS AND CORRECT DETAILED ANSWERS ALREADY GRADED A+

Florida Community Association Manager Prelicensure Course self-assessment/Practice Questions with Verified Answers 2024

Professional advisor Provide board with guidance and perspective on the matters at hand Common mistake to avoid when presenting a budget Neglecting to present any information on how estimates were developed Common mistake to avoid when presenting a budget Presenting so much information that people are overwhelmed and confused Professional ethics A set of rules or standards that govern the conduct of members of a profession Management tool Any means used to track record remi...

Purpose of a community assocation to provide for the community, business, & governance aspects of the association. This is achieved by administering, maintaining, & enhancing a residential real estate development, and through the establishment of a system of property rights, binding covenants & restrictions, & rules & regulations. Declaration, CC&Rs, master deed Declaration brings the condo or planned community into existence because it spells out the essential elements of ownership By...

M100 Community Association Management Exam Questions with correct Answers 1. 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...