M100 COMMUNITY ASSOCIATION MANAGEMENT
EXAM NEWEST 2026 ACTUAL EXAM TEST BANK|
COMPLETE 400 REAL EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+ (MOST RECENT!!)
Q1. What are the three key characteristics common to all
community associations?
A) Mandatory membership, architectural review, and reserve
funding
B) Mandatory membership, lien-based assessments, and binding
governing documents
C) Developer control, elected board, and annual meetings
D) Common areas, homeowner insurance, and volunteer board
Correct Answer: B
Rationale: This is correct because the three key characteristics
common to all community associations are: (1) mandatory
membership for all owners, (2) mandatory lien-based economic
charges (assessments) levied on each owner, and (3) binding
governing documents that establish a system of property rights,
covenants, and restrictions .
1
,Q2. True or False: The primary purpose of a community
association is to provide for the governance, business, and
communal aspects of the association.
A) True
B) False
Correct Answer: A
Rationale: This is correct because the primary purpose is to
provide for the governance, business, and communal aspects of
the association. This is achieved by administering, maintaining,
and enhancing a residential real estate development, and
through the establishment of a system of property rights, binding
covenants and restrictions, and rules and regulations .
Q3. Which of the following is NOT a basic type of residential
community association?
A) Planned community
B) Townhouse
C) Cooperative
D) Condominium
Correct Answer: B
Rationale: This is correct because a community association is
defined in terms of ownership rights, not architectural style.
2
,While many townhouse communities have associations, not all do.
The three basic types are planned communities (HOAs),
condominiums, and cooperatives .
Q4. What document brings the community association into
existence as a legal entity?
A) Recorded map, plat, or plan
B) Declaration, CC&Rs, or master deed
C) Articles of incorporation
D) Proprietary lease or occupancy agreement
Correct Answer: C
Rationale: This is correct because the articles of incorporation
(sometimes called a corporate charter) bring the community
association into existence as a legal corporation, define its basic
purposes and powers, and indicate whether stock will be issued.
The declaration or CC&Rs establish property use restrictions .
Q5. According to the general hierarchy of authority for
governing documents, which document would prevail in a
conflict with the bylaws?
A) Rules and regulations
B) Articles of incorporation
3
, C) Declaration or CC&Rs
D) Recorded map, plat, or plan
Correct Answer: D
Rationale: This is correct because as a general rule, documents
lower in the hierarchy cannot conflict with or change the terms of
those above them. The recorded map, plat, or plan is above the
bylaws in the hierarchy and would prevail in a conflict. The
typical hierarchy is: Plat/Map > Declaration > Articles > Bylaws
> Rules .
Q6. True or False: According to the hierarchy of authority, the
bylaws would control in a conflict with the recorded map,
plat, or plan.
A) True
B) False
Correct Answer: B
Rationale: This is correct because the recorded map, plat, or
plan is higher in the hierarchy than the bylaws. Therefore, the
recorded map would control in a conflict, not the bylaws.
Documents lower in the hierarchy cannot change the terms of
those above them .
4
EXAM NEWEST 2026 ACTUAL EXAM TEST BANK|
COMPLETE 400 REAL EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+ (MOST RECENT!!)
Q1. What are the three key characteristics common to all
community associations?
A) Mandatory membership, architectural review, and reserve
funding
B) Mandatory membership, lien-based assessments, and binding
governing documents
C) Developer control, elected board, and annual meetings
D) Common areas, homeowner insurance, and volunteer board
Correct Answer: B
Rationale: This is correct because the three key characteristics
common to all community associations are: (1) mandatory
membership for all owners, (2) mandatory lien-based economic
charges (assessments) levied on each owner, and (3) binding
governing documents that establish a system of property rights,
covenants, and restrictions .
1
,Q2. True or False: The primary purpose of a community
association is to provide for the governance, business, and
communal aspects of the association.
A) True
B) False
Correct Answer: A
Rationale: This is correct because the primary purpose is to
provide for the governance, business, and communal aspects of
the association. This is achieved by administering, maintaining,
and enhancing a residential real estate development, and
through the establishment of a system of property rights, binding
covenants and restrictions, and rules and regulations .
Q3. Which of the following is NOT a basic type of residential
community association?
A) Planned community
B) Townhouse
C) Cooperative
D) Condominium
Correct Answer: B
Rationale: This is correct because a community association is
defined in terms of ownership rights, not architectural style.
2
,While many townhouse communities have associations, not all do.
The three basic types are planned communities (HOAs),
condominiums, and cooperatives .
Q4. What document brings the community association into
existence as a legal entity?
A) Recorded map, plat, or plan
B) Declaration, CC&Rs, or master deed
C) Articles of incorporation
D) Proprietary lease or occupancy agreement
Correct Answer: C
Rationale: This is correct because the articles of incorporation
(sometimes called a corporate charter) bring the community
association into existence as a legal corporation, define its basic
purposes and powers, and indicate whether stock will be issued.
The declaration or CC&Rs establish property use restrictions .
Q5. According to the general hierarchy of authority for
governing documents, which document would prevail in a
conflict with the bylaws?
A) Rules and regulations
B) Articles of incorporation
3
, C) Declaration or CC&Rs
D) Recorded map, plat, or plan
Correct Answer: D
Rationale: This is correct because as a general rule, documents
lower in the hierarchy cannot conflict with or change the terms of
those above them. The recorded map, plat, or plan is above the
bylaws in the hierarchy and would prevail in a conflict. The
typical hierarchy is: Plat/Map > Declaration > Articles > Bylaws
> Rules .
Q6. True or False: According to the hierarchy of authority, the
bylaws would control in a conflict with the recorded map,
plat, or plan.
A) True
B) False
Correct Answer: B
Rationale: This is correct because the recorded map, plat, or
plan is higher in the hierarchy than the bylaws. Therefore, the
recorded map would control in a conflict, not the bylaws.
Documents lower in the hierarchy cannot change the terms of
those above them .
4
