M-100 CERTIFICATION EVALUATION 2026
COMPLETE QUESTIONS AND ANSWERS
◉planned community. Answer: an owner owns his or her lot and or
living unit. the community owns any commons areas, such as tennis
courts and the roads for the use and benefits of the lot owners
◉condominiums. Answer: the individual owns his or her unit and an
undivided interest in the common elements of the community
◉Cooperative. Answer:
◉Spcialized comm. assoc. Answer: master or umbrella
a. made up of more than one residential community association
◉Mixed-use development. Answer: mixture of
residential/commercial/ industrial use space
◉General state statute. Answer: apply to all organizations including
community associations
, ◉Specific state statute. Answer: apply to one or more types of
community associations
◉Uniform state statutes. Answer: crated to standardize laws in
various states that affect community associations
◉States of Authority. Answer: 1. State statues and court decisions
2. governing documents
3. board of directors
4. owners (limited)
◉Due Process Procedure. Answer: A formal process designed to
protect the rights of all parties involved.
◉Alternative dispute resolution. Answer: Includes mediation,
arbitration, and other ways of resolving conflicts with the help of a
specially trained, neutral third party without the need for a formal
trial or hearing.
◉Performance bond. Answer: guarantee by a surety (third party) to
protect the community association if the contractor fails to preform
or finish the work
COMPLETE QUESTIONS AND ANSWERS
◉planned community. Answer: an owner owns his or her lot and or
living unit. the community owns any commons areas, such as tennis
courts and the roads for the use and benefits of the lot owners
◉condominiums. Answer: the individual owns his or her unit and an
undivided interest in the common elements of the community
◉Cooperative. Answer:
◉Spcialized comm. assoc. Answer: master or umbrella
a. made up of more than one residential community association
◉Mixed-use development. Answer: mixture of
residential/commercial/ industrial use space
◉General state statute. Answer: apply to all organizations including
community associations
, ◉Specific state statute. Answer: apply to one or more types of
community associations
◉Uniform state statutes. Answer: crated to standardize laws in
various states that affect community associations
◉States of Authority. Answer: 1. State statues and court decisions
2. governing documents
3. board of directors
4. owners (limited)
◉Due Process Procedure. Answer: A formal process designed to
protect the rights of all parties involved.
◉Alternative dispute resolution. Answer: Includes mediation,
arbitration, and other ways of resolving conflicts with the help of a
specially trained, neutral third party without the need for a formal
trial or hearing.
◉Performance bond. Answer: guarantee by a surety (third party) to
protect the community association if the contractor fails to preform
or finish the work
