M-100 THE ESSENTIALS OF COMMUNITY
ASSOCIATION MANAGEMENT EXAM STUDY
KIT 2024- 2025 WITH COMPLETE
QUESTIONS AND CORRECT ANSWERS
RATED A+
Purpose of Community Association Governing Documents
Correct Answer Provide legal structure and operation of a
community association.
Hierarchy of Governing Documents Correct Answer Recorded
map, plat or plan
Declaration, CC&Rs, proprietary lease or occupancy agreement.
Articles of Incorporation
Bylaws
Board Resolutions
Declaration, CC&Rs, proprietary lease or occupancy agreement.
Correct Answer Declarations - Condo
CC&Rs - Planned Community
Proprietary Lease/Occupancy Agrmt - Coop
,Articles of Incorporation Correct Answer Brings corporation into
existence.
Coops must incorporate because the the corporation owns all the
property.
Other types of communities may incorporate.
Benefits of incorporating Correct Answer Limit liability of individual
owners.
Right granted all corporations
Easier to deal with utility companies, vendors, etc.
Bylaws Correct Answer Formally adopted regulations for the
administration and management of a community association.
- Meeting procedures including voting rights
- Board powers and duties
Board Resolutions Correct Answer A motion that follows a set
format and formally adopted by the board.
Public Offering Statement Correct Answer Provides association
information to first prospective buyers in community.
Required by state statute.
Not considered a governing document.
, Types of Resolutions Correct Answer Policy - Affects owners'
rights and obligations.
Administrative - Addresses the internal operations of community
association.
Special - Apply a policy or rule to a specific individual.
General - Routine events.
Criteria for Valid Rules Correct Answer Must not violate
constitutional rights.
Must be consistent with laws, statutes, governing docs.
Must reasonably relate to purpose of community.
Must be reasonable and fair.
Must be capable of uniform enforcement.
Must be necessary.
Resolution Format Correct Answer Purpose
Authority
Scope & Intent
Specifications
Due Process Procedure Correct Answer A formal process to
protect the rights of all parties.
Alternative DIspute Resolution (ADR) Correct Answer 3rd party
resolution used before lawsuit/court
ASSOCIATION MANAGEMENT EXAM STUDY
KIT 2024- 2025 WITH COMPLETE
QUESTIONS AND CORRECT ANSWERS
RATED A+
Purpose of Community Association Governing Documents
Correct Answer Provide legal structure and operation of a
community association.
Hierarchy of Governing Documents Correct Answer Recorded
map, plat or plan
Declaration, CC&Rs, proprietary lease or occupancy agreement.
Articles of Incorporation
Bylaws
Board Resolutions
Declaration, CC&Rs, proprietary lease or occupancy agreement.
Correct Answer Declarations - Condo
CC&Rs - Planned Community
Proprietary Lease/Occupancy Agrmt - Coop
,Articles of Incorporation Correct Answer Brings corporation into
existence.
Coops must incorporate because the the corporation owns all the
property.
Other types of communities may incorporate.
Benefits of incorporating Correct Answer Limit liability of individual
owners.
Right granted all corporations
Easier to deal with utility companies, vendors, etc.
Bylaws Correct Answer Formally adopted regulations for the
administration and management of a community association.
- Meeting procedures including voting rights
- Board powers and duties
Board Resolutions Correct Answer A motion that follows a set
format and formally adopted by the board.
Public Offering Statement Correct Answer Provides association
information to first prospective buyers in community.
Required by state statute.
Not considered a governing document.
, Types of Resolutions Correct Answer Policy - Affects owners'
rights and obligations.
Administrative - Addresses the internal operations of community
association.
Special - Apply a policy or rule to a specific individual.
General - Routine events.
Criteria for Valid Rules Correct Answer Must not violate
constitutional rights.
Must be consistent with laws, statutes, governing docs.
Must reasonably relate to purpose of community.
Must be reasonable and fair.
Must be capable of uniform enforcement.
Must be necessary.
Resolution Format Correct Answer Purpose
Authority
Scope & Intent
Specifications
Due Process Procedure Correct Answer A formal process to
protect the rights of all parties.
Alternative DIspute Resolution (ADR) Correct Answer 3rd party
resolution used before lawsuit/court
