M100 FINAL EXAM SCRIPT 2026 COMPLETE QUESTIONS AND CORRECT ANSWERS GRADED A+

M100 FINAL EXAM SCRIPT 2026
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.