COMPLETE QUESTIONS AND CORRECT
ANSWERS GRADED A+
●● 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.