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Each of the following are key characteristics of community
associations except:
a. mandatory lein-based economic charges or assessments are levied
on each owner in order to operate and maintain the community
assocation.
b. membership in the community assocation is mandatory and
automatic for all owners.
c. a requirement of community assocation ownership is attending
board meetings.
d. certain documents bind all owners to be governed by the
community assocation. --- correct answer ---C
True or false: the primary purpose of a community association is to
provide for the governance, business, and communal aspects of the
association. --- correct answer ---T
Each of the following are basic types of residential community
associations except:
,a. planned community
b. townhouse
c. cooperative
d. condominium --- correct answer ---B
A _____________________ is a motion that follows a set format and is
formally adopted by the boord of directors.
a. governing document
b. plat
c. public offering statement
d. resolution --- correct answer ---D
True or false: the purpose of a community association's governing
documents is to provide for the legal structure and operation of the
community. --- correct answer ---T
True or false: according to the general hierarchy of authority for
governing documents, the bylaws would control in a conflict with the
recorded map, plat, or plan. --- correct answer ---F
,Complete the following sentence: a _______________ state statute is
one that applies only to one or more types of community associations.
a. general
b. complex
c. specific
d. uniform --- correct answer ---C
True or false: a proprietary lease or occupancy agreement in a
cooperative defines the member or stockholder's rights and
obligations in relation to the living unit. --- correct answer ---T
Complete the following sentence: the ______________ bring the
cooperative into existence, define its basic purposes and powers, and
indicate whether stock will be issued.
a. recorded map, plat or plan
b. declaration, CC&Rs, or master deed
c. proprietary lease of occupancy agreement
d. articles of incorporation --- correct answer ---D
True or false: the public offering statement is a governing document --
- correct answer ---F
, Reasons for establishing community rules and architectural guidelines
include each of the following except:
a. there is the need to create a sense of fairness and equity among
residents.
b. in contemporary society, people are more likely to question and
challenge authority.
c. in cases where rules have been poorly developed or enforced, the
courts are ruling against community associations.
d. fines imposed on residents who break community rules are
frequently the primary source of association income. --- correct
answer ---D
True or false: according to the general hierarchy of authority for
operating community associations, rules and regulations take
precedence over the articles of incorporation. --- correct answer ---F
Which of the following is an example of an architectural guideline?
a. pets
b. noise
c. fencing
d. parking --- correct answer ---C