M-100 EXAM WITH VERIFIED ANSWERS

community association - legal entity in which the owners enjoy the protection, enhancement, maintenance & preservation of their homes & property community association has 3 defining characteristics - Membership in the community is mandatory & automatic for all owners; certain association docs bin...

Characteristics of a Community Association - Mandatory membership Mutually binding documents Lien-based assessments Purposes of a Community Association - Business - Not for profit Government - Runs like a mini-government Community - Mutual reasons for buying into area 3 Basic Types of Comm...

Community Association - Mandatory memberships, mutually binding contracts, lien-based assements Purpose of community association - Provide for the community, business, and governance aspects of the association Basic types of community association - Planned communities, condominium, and coopera...

55 and older community - Must have one person who is 55 years of age or older living in at least 80% of its occupied units. The community must be designated "55 and older" to qualify as this type of housing that legally prohibits children and limits occupancy to a certain age span. The designation...

Dynasty - A succession of kings who were usually related In the first period (3200/3100 B.C.-650 A.D.) Ancient Egypt, what were the two principle reason for embalming? - 1. For religious reasons and 2. for sanitation. At death, the elements that made up a person (including the soul, the name,...