M-100: The Essentials of Community Association Management Exams PACKAGE DEAL| BUNDLE contains the latest exams, practice test, knowledge check, pre-test, reviews and updated study guide - Everything you need to pass M-100 is here!!
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Which of the following is an internal resource a community can use to encourage an owner or tenant to conform to community association rules? a. Relying on the local health department to determine the appropriate number of occupants in a unit b. Asking for the local zoning department's help in...
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Add to cartWhich of the following is an internal resource a community can use to encourage an owner or tenant to conform to community association rules? a. Relying on the local health department to determine the appropriate number of occupants in a unit b. Asking for the local zoning department's help in...
Community Association a legal entity in which the owners enjoy the PROTECTION, ENHANCEMENT, MAINTENANCE and PRESERVATION of their homes and property. 3 Basic Types of Community Associations 1. Planned Community - An owner owns his lot/unit and the community owns common areas. 2. Condominium ...
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Add to cartCommunity Association a legal entity in which the owners enjoy the PROTECTION, ENHANCEMENT, MAINTENANCE and PRESERVATION of their homes and property. 3 Basic Types of Community Associations 1. Planned Community - An owner owns his lot/unit and the community owns common areas. 2. Condominium ...
Purpose of a community assocation to provide for the community, business, & governance aspects of the association. This is achieved by administering, maintaining, & enhancing a residential real estate development, and through the establishment of a system of property rights, binding covenants & re...
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Add to cartPurpose of a community assocation to provide for the community, business, & governance aspects of the association. This is achieved by administering, maintaining, & enhancing a residential real estate development, and through the establishment of a system of property rights, binding covenants & re...
Cooperative An individual owns (1) owns stock or membership in the cooperative, (2) holds a proprietary lease or occupancy agreement for his/her living unit. *another name is Stock Cooperative General resolutions Involve routine events such as approving the meeting minutes Sources of autho...
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Add to cartCooperative An individual owns (1) owns stock or membership in the cooperative, (2) holds a proprietary lease or occupancy agreement for his/her living unit. *another name is Stock Cooperative General resolutions Involve routine events such as approving the meeting minutes Sources of autho...
Name the sources of legal obligations for a Community Association Federal, state and local statutes, regulations and case law. Governing documents Standards set by professional bodies (AICPA) Lender requirements Budgeting Methods Zero-Based - all line items are set to zero. Historical t...
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Add to cartName the sources of legal obligations for a Community Association Federal, state and local statutes, regulations and case law. Governing documents Standards set by professional bodies (AICPA) Lender requirements Budgeting Methods Zero-Based - all line items are set to zero. Historical t...
Professional advisor Provide board with guidance and perspective on the matters at hand Common mistake to avoid when presenting a budget Neglecting to present any information on how estimates were developed Common mistake to avoid when presenting a budget Presenting so much information t...
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Add to cartProfessional advisor Provide board with guidance and perspective on the matters at hand Common mistake to avoid when presenting a budget Neglecting to present any information on how estimates were developed Common mistake to avoid when presenting a budget Presenting so much information t...
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