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Community association manager M-100 Review Study Guide 2024 Q&A
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---8May 20242023/2024A+
- Community association manager M-100 
Review Study Guide 2024 Q&A 
A community association is Generally defined as real or personal property,owned by 
two or more entities, which share the responsibility for the cost of maintenance and 
administration - CORRECT ANSWER-True 
Purchasers of a timeshare plan have a 10 day contract recision period in which to 
cancel the purchase - CORRECT ANSWER-True 
Not for-profit corporations are exempt from federal income taxes - CORRECT 
ANSWER-False 
A con...
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