Exam (elaborations)
M-100 Exam Questions and Correct Answers Updated 2024.
- Course
- Institution
M-100 Exam Questions and Correct Answers Updated 2024.
[Show more]
Content preview
1M-100 Exam Questions and Correct Answers Updated 2024
Community Association - Correct Answer-Mandatory
memberships, mutually binding contracts, lien-based
assements
Purpose of community association - Correct Answer-Provide
for the community, business, and governance aspects of the
association
Basic types of community association - Correct Answer-
Planned communities, condominium, and cooperatives
Planned community - Correct Answer-HOA, owner association
Condominium - Correct Answer-Owner of his/her unit
Cooperative - Correct Answer-Owns stock/holds lease
Types of community associations - Correct Answer-
Master/umbrella,
Mixed use development, 55 and older
pg. 1
,2
Association derives legal obligation from - Correct Answer-
Federal, state and local laws- legal documents, lender
requirements, standards set by professional bodies
EEOC - Correct Answer-Equal employment opportunity
commission
Equal employment opportunity commission - Correct Answer-
Prohibits discrimination in hiring, promoting, etc.
FLSA - Correct Answer-Fair Labor Standards Act
Fair Labor Standards Act - Correct Answer-Dictates standards
for minimum wage
FMLA - Correct Answer-Family Medical Leave Act
Family Medical Leave Act - Correct Answer-Provides for
unpaid leave for various medical issues
FICA - Correct Answer-Federal Insurance Contributions Act
pg. 2
, 3
OSHA - Correct Answer-Occupy Safety Health Act
Occupy Safety Health Act - Correct Answer-Outlines safety
guidelines for employees
FCC - Correct Answer-Federal Communications Commission
Federal Communications Commission - Correct Answer-
Regulates what restrictions associations have on antennas
and satellite dishes
State statues - Correct Answer-General, specific, uniform
General state statutes - Correct Answer-Apply to all
organizations
Specific state statutes - Correct Answer-Apply to only one or
more types of community associations
Uniform state statutes - Correct Answer-Standardize laws in
various states that affect community associations
pg. 3
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TutorExpert. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $22.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80461 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now