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Exam (elaborations)
UPDATED M-100 FINAL EXAM QUESTIONS WITH 100% ANSWERS
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---13March 20262025/2026A+
- Complete the following sentence: The __________ bring the 
community association into existence, define its basic 
purposes and powers, and indicate whether stock will be 
issued. 
a. 
b. 
c. 
d. 
recorded map, plat, or plan 
declaration, CC&Rs, or master deed 
proprietary lease or occupancy agreement 
articles of incorporation - CORRECT ANSWER -d. 
Articles of incorporation 
Each of the following are key characteristics of a community 
association EXCEPT: 
A. Mandatory lie...
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