Florida Cam Exam/FL CAM License Q&A 2023/FL CAM LICENSE Q&A 2023/FL Cam final exam/FLORIDA CAM MULTIPLE CHOICE Q&A/Florida Community Association Manager Prelicensure Course/FLORIDA PRACTICE CAM EXAM 1/FL CAM Practice Exam 2/Gold Coast CAM License Q&A/CAM

1. Condominium form of ownership is comprised of units owned by one or more persons and joint ownership of ________ share in the common elements. A. a percentage B. an undivided C. a proportional D. a complete - Answer- B. an undivided Condominium means individual ownership of a unit coupled ...

Florida Condominium Law is contained in which Chapter of the Florida Statutes? - Answer- 718 Minutes of meeting of the BOD must be maintained for: - Answer- 7 years Emergency powers of a condominium board, if a state of emergency has been declared, include: - Answer- Borrow money and pledge as...

An association should establish reserves for - Answer- (a) Because associations may be able to avoid or reduce large special assessments. An association should establish reserves for - Answer- (c) Because associations may be able to avoid or reduce large increases in regular assessments. An as...

The pH of the pool water must be maintained at: - Answer- 7.2-7.8 A person who manages a rental apartment complex _____ a Community Association Manager's License. - Answer- May, but is not required, to have. Condominium & Cooperative Associations pay an annual fee of $____ per residential uni...

After purchasing the mobile home park, the residents form a community association and hire a paid manager. The manager must be licensed under Part VIII of Chapter 468 if the budget of the association exceeds: A.$50,000 B.$75,000 C.$100,00 D.$125,000 - Answer- C. A type of joint ownership of r...

The language in the Declaration of Condominium that creates a commitment, restriction, or contract between the association and the unit owners is called - Answer- Covenants Under Chapter 718.1255, those eligible to petition for arbitration are: - Answer- An owner of a condominium unit Tom Tuck...

Cost Conscious Condominium is presently preparing their annual budget. Expenses on the proposed budget are to be listed by: A. Accounting methods B. Account and classification C. Sequence D. Numerical order - Answer- B. Kathryn Stifspine, a cooperative shareholder, becomes delinquent in payme...

What is a legally binding agreement? - Answer- It is structured by formal, legal documents that define property rights, rules and restrictions It grants rights and/or imposes liabilities and responsibilities on the community association and members It provides governance, business, and communa...

An election of the board of directors of a condominium association is required if there are - Answer- more candidates than there are seats available A community manager informed a co-op unit owner that there was a $0.10 per-page fee to obtain a copy of the association's insurance policy. The man...

4 Types of Community Associations - Answer- 1. Condo - FS 718 2. Coop - FS 719 3. HOA - FS 720 4. Timeshare - FS 721 NOT Mobile Home 723 Which type of living condition is NOT a community association? - Answer- Mobile Home - FS 723 Documents include (3) - Answer- 1. Declaration 2...