What is an HOA?
What is the primary purpose of a Homeowners Association?
Its primary purpose is to enforce rules, maintain common areas, and uphold community standards as outlined in the governing documents.
Are Board members elected or appointed to the Board?
It can be both.
When a Board is under Declarant control, the Declarant has the power to appointment Board members.
When the Association is under Owner control, Board members are elected by the members of the Association.
What is the difference between "must", "shall", "will" versus "may", "can"?
"Must", "Shall", and "Will" indicates an obligation of the Association.
"May" and "Can" indicates discretionary actions of the Association.
Can you name the four most common officer positions of a Board?
President
Vice-President
Secretary
Treasurer
Which are the most common meetings of the Board?
Board Meeting
Executive Session
Special Meeting
What are the two different types of committees, and can you explain the difference between the two?
Standing Committee - Permanent; with ongoing responsibilities
Ad Hoc Committee - Temporary; formed for a specific purpose or goal
Which method of accounting is most commonly used among community associations?
Accrual Accounting
Which records income when it is earned and expenses when they are incurred.
In what year was KRJ created?
1979
TRUE OR FALSE
Membership in a Homeowners Association is voluntary.
FALSE
Membership in the association is automatic and binding upon purchase.
Can you name one of the four primary roles of the Board?
Duty of Care
Enforcement and Maintenance
Professionalism and Commitment
Which governing document has the highest level of authority?
Plat
TRUE OR FALSE
The members of an Association elect the officer positions for a Board?
FALSE
While the members elect Directors to serve on the Board, the officer positions are voted on by the Directors. This is generally done during the organizational meeting following an annual election.
Per Texas Property Code, how many items must be discussed in an open and properly called Board meeting, and can you name one of those items?
15
What is the purpose of a committee charter?
It clearly outlines the committee’s role and what it’s expected to accomplish.
TRUE OR FALSE
The Board must approve a budget during an open and properly called Board meeting?
TRUE
In accordance with Texas Property Code 209.0051, approving a budget in an open and properly called Board meeting, is 1 of the 15 items that must be discussed and approved.
What are KRJ's Values and Principles
Kind, Responsible, Joyful
Professionalism, Initiative, Servant's Heart
Assessments are secured by a what?
A Lien
Which insurance policy protects the Board?
Directors and Officers (D&O)
If the Association Declarations contradict Federal law, which would supersede?
Federal law.
Federal, State and local laws which always supersede the Association's governing documents.
______________________ is a widely accepted set of guidelines for running orderly and efficient meetings.
Robert’s Rules of Order
Per Texas Property Code, how many items must be discussed in an executive (closed) sessions meeting, and can you name one of those items?
6 Items
TRUE OR FALES
Per 2025 Legislation, the Association must solicite candidates for open positions on all committees.
FALSE
Solicitation of committee members only applies to the Architectural Control/Review Committee.
However, it is best practice to silicate candidates for all committees to maintain transparency.
Which study helps the Board plan for future capital expenditures?
A Reserve Study
What are two ways KRJ is intentionally different?
All of our accountants are degreed accountants,
and
our accountants will attend board or annual meetings upon requested