Florida Cam Exam| 391 QUESTIONS| 29 PAGES| WITH COMPLETE SOLUTION
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Course
Florida CAM
Institution
Florida A&M University
A Community Association is generally defined as real or personal property, owned by two or more entities, which share the responsibility for the costs of maintenance and administration Correct Answer: True
Purchasers of a timeshare plan have a ten day contract rescission period in which to canc...
florida cam exam| 391 questions| 29 pages| with complete solution
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Florida A&M University
Florida CAM
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Florida Cam Exam| 391 QUESTIONS| 29
PAGES| WITH COMPLETE SOLUTION
A Community Association is generally defined as real or personal property, owned by two or
more entities, which share the responsibility for the costs of maintenance and administration
Correct Answer: True
Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the
purchase Correct Answer: True
The Florida Fair Housing Act prohibits discrimination on the basis of handicap Correct Answer:
True
A valid Declaration of Condominium must contain easements for ingress and egress to all units
and the common elements Correct Answer: True
Compliance with the Construction Lien Law is very technical and can have an impact on title to
property. Therefore the board should always consult with the manager regarding lien issues
Correct Answer: False. The board should consult an attorney.
Corporate Charter Correct Answer: Articles of Incorporation are also known as the
Establishes the power and authority of the community Association
Establishes the corporate entity that is responsible for management, maintenance and operation
of the community association
Is based in corporate law Correct Answer: Articles of Incorporation ( Corporate Charter)
Florida Not for Profit Corporate Act Correct Answer: FS 617
Florida Corporate Act Correct Answer: FS 607
Conducting business and Community Association affairs
Operating and managing the association property and assets
Suing and defending against actions
Lending money for association purposes
Acquiring Property
Entering into contracts and purchasing items that are required for operations and maintenance
Incurring liabilities
Borrowing funds
Mortgaging community association properties Correct Answer: Powers that are granted in FS
617
Condominium Act Correct Answer: FS 718
,Form of joint ownership of real property that comprises:
Exclusive ownership of each unit
Joint undivided share of common elements
Required membership in the community association Correct Answer: What is a condominium?
Cooperative Act Correct Answer: FS 719
Mandatory Homeowner's Association Correct Answer: FS 720
Mandatory contents of a declaration ( condos) Correct Answer: FS 718.104
Definitions of the corporate entity, powers of association, easements, rights of access to unit,
insurance, official records of the association, community directory, financial reporting
requirements, purchase of units, purchase of land and recreation leases, operations of
condominiums created prior to January 1, 1977, commingling Correct Answer: FS 718.111
FS 718.1124 Correct Answer: Definitions of required contents of bylaws, including
administration, notice requirements, quorum, proxies, voting requirements, elections, electronic
voting, candidate eligibility, director certificate/education requirements, recalls, arbitration,
timeshare condominium exceptions, board and member meetings, Annual budget requirements,
assessments, amendment of bylaws, transfer fees, director and officer delinquencies and
offenses, common elements ( limited power to convey to a condemning authority)
FS 718.113 Correct Answer: Maintenance requirements, display of flags and religious
decorations, hurricane shutters, and other types of code-complaint hurricane protection
FS 718.114 Correct Answer: Association powers, acquisition of leasehold memberships and
other possessory or use interests
FS 718.115 Correct Answer: Common Expenses and common surplus, expense and credits for
hurricane protection, communication expenses
FS 718.116 Correct Answer: Liability for not paying common expenses, including the right to
assess interest, lien, foreclose, and collect rents from delinquent members etc., liability of first
mortgage holder, liability of previous owners
FS 718.303 Correct Answer: Provides that if a member is more than 90 days delinquent or has
failed to comply with his or her monetary obligation that is due to the community association, or
has failed to comply with the documents or reasonable rules, the right to use common elements
can be suspended. Provides fining authority and procedures.
The pH of the pool water must be maintained at: Correct Answer: 7.2-7.8
Condominium and Cooperative Associations pay an annual fee of $_______ per residential
unity, per ______ to the DFCTSMH Trust Fund Correct Answer: $4.00/ Year
, A windstorm self insurance pool must include 3 or more associations, all of which must be
residential, with not less than 50 units. Correct Answer: True
The member must place an election ballot in an inner envelope, and place the inner envelope in
an outer envelope, which the member signs. Correct Answer: Procedures for voting in secret for
members who are not in attendance at the annual meeting.
The purpose of Regulatory Council of Community Association Managers is to Correct Answer:
Provide licensure exam and continuing education requirements for CAMS
A volunteer director who is not compensated for his duties as a director need not have a CAM
license Correct Answer: True
Prospective members must receive certain information from an HOA when purchasing a new
unit, including Community Association Disclosures Correct Answer: True
An employee of the ombudsman's office may not serve as an officer in a local, state, or national
political party Correct Answer: True
Components of a collection policy should not include court charges for filing of liens Correct
Answer: True
At will means Correct Answer: an employee who may be dismissed at any time for any non-
discriminatory reasons, with or without cause
.
FS 482 Correct Answer: governs pest control companies and operators
The Ombudsman duties include but are not limited to Correct Answer: Encourage and facilitate
voluntary meetings with and between members, directors, managers, and other affected parties of
condominiums
Community association management companies must file for company insurance Correct
Answer: Once very two years on October 1st of odd numbered years.
HOA's must file for arbitration with DBPR when members contest elections of recalls Correct
Answer: True
Pursuant to FS 720, an HOA has all the following powers in an emergency declared by the
governer: Correct Answer: to cancel and reschedule an association meeting
to designate assistant officers who are not directors
to relocate the association's principal officer or designate an alternative office
In an emergency an HOA Can not Correct Answer: contract, on behalf of a member for items of
services for which the member is individually responsible.
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