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M-100 QUIZ (ALL SECTIONS) WITH COMPLETE SOLUTIONS 100% Each of the following are key characteristics of a community association EXCEPT: A. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the c$8.99
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M-100 QUIZ (ALL SECTIONS) WITH COMPLETE SOLUTIONS 100% Each of the following are key characteristics of a community association EXCEPT: A. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the c
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Course
M-100
Institution
M-100
M-100 QUIZ (ALL SECTIONS) WITH COMPLETE SOLUTIONS 100%
Each of the following are key characteristics of a community association EXCEPT:
A. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association.
B. Membership in th...
M-100 QUIZ (ALL SECTIONS) WITH COMPLETE
SOLUTIONS 100%
Each of the following are key characteristics of a community association EXCEPT:
A. Mandatory lien-based economic charges or assessments are levied on each owner in order to
operate and maintain the community association.
B. Membership in the ca is mandatory and automatic for all owners.
C. A requirement of ca ownership is attending board meetings
D. Certain documents bind all owners to be governed by the community.
C. A requirement of community association ownership is attending board meetings.
True or False. The primary purpose of a community association is to provide for the governance,
business, and communal aspects of the association.
True
Each of the following are basic types of residential community associations
EXCEPT:
a. Planned community
b. Townhouse
c. Cooperative
d. Condominium
b. Townhouse
Adoption of the annual budget is an example of which of the following type of resolution?
a. policy resolution
b. administrative resolution
c. special resolution
d. general resolution
D. General
True or false. The purpose of a community association's governing documents is to
provide for the legal structure and operation of the community.
True
True or false. According to the general hierarchy of authority for governing documents, the bylaws
would control in a conflict with the recorded map, plat, or
plan.
False
Complete the following sentence: A __________ state statute is one that applies only
to one or more types of community associations.
a. general
b. complex
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