The Sunshine Homeowners' Association has 72 units and an annual budget of $63,000 per year. The board of directors of the association has three members. The association has had difficulty in finding members willing to serve on the board. The members of the association amended the governing documents at the annual meeting to pay board members $50 per month for serving on the board. Which is correct?
A. Since the association has fewer than 100 units, licensing as a community association manager is not required.
B. Since this is not a condominium or cooperative, licensing as a community association manager is not required.
C. If the board members are compensated, they each must be licensed as a community association manager.
D. Board members, whether compensated or not, need not be licensed as a community association manager.