M100 COMMUNITY ASSOCIATION
MANAGEMENT PRACTICE PAPER 2026
QUESTIONS WITH SOLUTIONS GRADED A+
●● What is the purpose of the Declaration/CC&Rs? Answer: To
establish the fundamental rules and restrictions for the community and
its members.
●● What are Articles of Incorporation? Answer: Legal documents that
establish a corporation and outline its basic structure and purpose.
●● What are Bylaws? Answer: Rules that govern the internal
management of the community association.
●● What are Rules & Regulations? Answer: Specific guidelines created
by the board to manage the community's day-to-day operations.
●● What are Policies & Resolutions? Answer: Formal decisions made
by the board that guide the management of the community.
●● What is the authority of the board? Answer: The power granted to the
board to make decisions and enforce rules within the community.
MANAGEMENT PRACTICE PAPER 2026
QUESTIONS WITH SOLUTIONS GRADED A+
●● What is the purpose of the Declaration/CC&Rs? Answer: To
establish the fundamental rules and restrictions for the community and
its members.
●● What are Articles of Incorporation? Answer: Legal documents that
establish a corporation and outline its basic structure and purpose.
●● What are Bylaws? Answer: Rules that govern the internal
management of the community association.
●● What are Rules & Regulations? Answer: Specific guidelines created
by the board to manage the community's day-to-day operations.
●● What are Policies & Resolutions? Answer: Formal decisions made
by the board that guide the management of the community.
●● What is the authority of the board? Answer: The power granted to the
board to make decisions and enforce rules within the community.
