M100
Community Association - Answer-Mandatory memberships, mutually binding contracts, lien-based
assements
Purpose of community association - Answer-Provide for the community, business, and governance
aspects of the association
Basic types of community association - Answer-Planned communities, condominium, and cooperatives
Planned community - Answer-HOA, owner association
Condominium - Answer-Owner of his/her unit
Cooperative - Answer-Owns stock/holds lease
Types of community associations - Answer-Master/umbrella,
Mixed use development, 55 and older
Association derives legal obligation from - Answer-Federal, state and local laws- legal documents, lender
requirements, standards set by professional bodies
EEOC - Answer-Equal employment opportunity commission
Equal employment opportunity commission - Answer-Prohibits discrimination in hiring, promoting, etc.
,FLSA - Answer-Fair Labor Standards Act
Fair Labor Standards Act - Answer-Dictates standards for minimum wage
FMLA - Answer-Family Medical Leave Act
Family Medical Leave Act - Answer-Provides for unpaid leave for various medical issues
FICA - Answer-Federal Insurance Contributions Act
OSHA - Answer-Occupy Safety Health Act
Occupy Safety Health Act - Answer-Outlines safety guidelines for employees
FCC - Answer-Federal Communications Commission
Federal Communications Commission - Answer-Regulates what restrictions associations have on
antennas and satellite dishes
State statues - Answer-General, specific, uniform
General state statutes - Answer-Apply to all organizations
Specific state statutes - Answer-Apply to only one or more types of community associations
Uniform state statutes - Answer-Standardize laws in various states that affect community associations
, Hierarchy of governing documents - Answer-Plat
Declarations
Articles
Bylaws
Rules
Bundle of rights - Answer-Declaration, CCR, master deed
What trumps articles? - Answer-Declaration
Plat/map - Answer-Shows precise location of each lot or unit
Declaration, CCRS, master deed - Answer-Establish the chain of title and rights of ownership for each
piece of real estate
Proprietary lease - Answer-Defines member or stockholders right and obligations in a relative to the
living unit
Articles of incorporation - Answer-Documents that establish the corporation
Bylaws - Answer-Formally adopted regulations for the administrative and management of a community
association
Resolution - Answer-Motion that follow a swell format and is formally adopted by the BOD
public offering statement - Answer-Disclosure statement- not apart of the governing documents
Community Association - Answer-Mandatory memberships, mutually binding contracts, lien-based
assements
Purpose of community association - Answer-Provide for the community, business, and governance
aspects of the association
Basic types of community association - Answer-Planned communities, condominium, and cooperatives
Planned community - Answer-HOA, owner association
Condominium - Answer-Owner of his/her unit
Cooperative - Answer-Owns stock/holds lease
Types of community associations - Answer-Master/umbrella,
Mixed use development, 55 and older
Association derives legal obligation from - Answer-Federal, state and local laws- legal documents, lender
requirements, standards set by professional bodies
EEOC - Answer-Equal employment opportunity commission
Equal employment opportunity commission - Answer-Prohibits discrimination in hiring, promoting, etc.
,FLSA - Answer-Fair Labor Standards Act
Fair Labor Standards Act - Answer-Dictates standards for minimum wage
FMLA - Answer-Family Medical Leave Act
Family Medical Leave Act - Answer-Provides for unpaid leave for various medical issues
FICA - Answer-Federal Insurance Contributions Act
OSHA - Answer-Occupy Safety Health Act
Occupy Safety Health Act - Answer-Outlines safety guidelines for employees
FCC - Answer-Federal Communications Commission
Federal Communications Commission - Answer-Regulates what restrictions associations have on
antennas and satellite dishes
State statues - Answer-General, specific, uniform
General state statutes - Answer-Apply to all organizations
Specific state statutes - Answer-Apply to only one or more types of community associations
Uniform state statutes - Answer-Standardize laws in various states that affect community associations
, Hierarchy of governing documents - Answer-Plat
Declarations
Articles
Bylaws
Rules
Bundle of rights - Answer-Declaration, CCR, master deed
What trumps articles? - Answer-Declaration
Plat/map - Answer-Shows precise location of each lot or unit
Declaration, CCRS, master deed - Answer-Establish the chain of title and rights of ownership for each
piece of real estate
Proprietary lease - Answer-Defines member or stockholders right and obligations in a relative to the
living unit
Articles of incorporation - Answer-Documents that establish the corporation
Bylaws - Answer-Formally adopted regulations for the administrative and management of a community
association
Resolution - Answer-Motion that follow a swell format and is formally adopted by the BOD
public offering statement - Answer-Disclosure statement- not apart of the governing documents
