___________ levied by a homeowners' association (HOA) fund the operating budget to pay for the cost of maintaining the common areas.

a. Special assessments
b. Regular assessments
c. Mello Roos assessments
d. Extraordinary assessments

Answer: b. Regular assessments

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Which of the following is not an argument for federal regulation?

A) There will be substantial improvement in efficiency due to fewer jurisdictional requirements. B) There will be less influence over federal regulators by insurance companies. C) There will be more expertly trained personnel. D) It will bring more tax money to the federal government.

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Which of the following conditions will not afford you a tax advantage?

A) Being over age 65 B) Being deaf C) Being widowed within the past two years D) Being blind

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