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FL CAM License Exam Questions And Correct Answers, With Complete Verified Solution. Over 400 Questions And Answers With Rationale. Graded A+$11.39
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FL CAM License Exam Questions And Correct Answers, With Complete Verified Solution. Over 400 Questions And Answers With Rationale. Graded A+
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FL CAM License
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FL CAM License
FL CAM License Exam Questions And Correct Answers, With Complete Verified Solution. Over 400 Questions And Answers With Rationale. Graded A+
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...
FL CAM License Exam Questions And Correct Answers,
With Complete Verified Solution. Over 400 Questions And
Answers With Rationale. Graded A+
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
B. an undivided
Condominium means individual ownership of a unit coupled with joint ownership of an
undivided share of the common elements as well as mandatory membership in the
association.
2. Under the General Corporate Law _______, community associations have the
right to buy, sell or lease real property. Under the condo and co-op laws _____,
condos and coops have the specific authority to acquire title.
A. & 719
B. & 708
C. & 719
D. & 719
D. & 719
FS 607 is General Corporate Law, FS 718 is condominiums, and FS 719 is
cooperatives.
3. A person doing the following for remuneration must have a license.
A. Posts notices for meetings and chairs committee meetings
,B. Prepares budgets and financial statements.
C. Supervises maintenance.
D. All of the above.
D. All of the above.
A person who provides the following services for compensation must be licensed by
DBPR
Disburse funds
Prepare budgets and/or financial reports
Notice or conduct meetings
Coordinate maintenance or other day-to-day services involving the operation of the
association
4. Application for renewal of a CAM license shall be postmarked by ___________ .
If renewal application is postmarked after ____________ of the renewal year, the
license shall be deemed expired.
A. September 30, September 30
B. October 31, October 31
C. September 30, October 31
D. December 31, January 1
C. September 30, October 31
Renewal applications shall be postmarked on or before September 30 each even year.
If the renewal application is postmarked after October 31, that license is deemed
expired.
5. Restrictive covenants that run with the land as permanent restrictions remain
in effect until ________.
A. The majority of the owners vote otherwise
B. All of the owners agree
C. The developer cancels them
D. The community is terminated
,D. The community is terminated
When you purchase, you know that these covenants exist and will continue to exist for
the life of the condominium or parcel and upon resale, the next owner inherits the same
covenants. This is called running with the land.
6. The Cooperative documents must contain all of following except ________.
A. Documentation of each owner
B. Identification by unit number/letter
C. Recognition of owner
D. Definition of the grounds lease
B. Identification by unit number/letter
Under Cooperative law, the co-op documents include the Articles of Incorporation and
By-Laws, a definition of the grounds lease, the owner's share and membership in the
co-op and title or right to use of a unit.
7. The ______ creates the association and the ______ creates the condominium.
A. Declaration of Condominium / Articles of Incorporation
B. By-Laws / Declaration
C. Articles of Incorporation / Declaration
D. Articles of Incorporation / Bylaws
C. Articles of Incorporation / Declaration
The Articles of Incorporation, also known as the Corporate Charter, are the documents
that create the association. The Condominium is established when the developer
records the Declaration of Condominium with the county clerk in the county seat of the
county in which the condominium is to be built.
8. What defines the membership and the voting rights of the Association?
A. Corporate Charter
B. Declaration of Condominium
C. By-Laws
D. Rules and Regulations
, A. Corporate Charter
The Articles of Incorporation, also known as the Corporate Charter, provide the
framework for the organization of the association and define its membership and the
voting rights of the members.
9. The ______ establish(es) the procedures for carrying out the day to day
responsibilities of the association.
A. Articles of Incorporation
B. Declaration of Condominium
C. By-laws
D. Rules and Regulations
C. By-laws
The By-Laws establish the procedures for carrying out the association's responsibilities
and clarify the day-to-day duties necessary to carry out the responsibilities of the
association.
10. If the governing documents of an association conflict, which of the following
is the proper order of priority?
A. By-laws, Declaration, Articles of Incorporation, Board Rules and Regulations
B. Declaration, Articles of Incorporation, By-laws, Board Rules & regulations
C. Articles of Incorporation, Declaration, By-laws, Board Rules and Regulations
D. Declaration, Board-approved Rules, Articles of Incorporation, By-laws
B. Declaration, Articles of Incorporation, By-laws, Board Rules & regulations
All of the documents should be consistent with each other. Their order of priority is:
Declaration of Condominium
Articles of Incorporation
By-Laws
Rules and Regulations
11. When we are talking about amending the documents, which of the following is
correct?
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