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BOB HOGUE CARDS (2024) QUESTIONS & ANSWERS SOLVED 100% CORRECT!!
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BOB HOGUE CARDS (2024) QUESTIONS & ANSWERS SOLVED 100% CORRECT!!
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Name: Score:132 Multiple choice questions
Term 1 of 132
What are the duties of the board of directors?
The documents need to be reviewed for the proper membership vote needed. IF not
addressed than 2/3 of voting interest must approve the document changes at a duly called
membership meeting
The board of directors:
Administers the affairs of the association
Sets the policy
Assures proper property maintenance
May appoint committees to manage various affairs of the association
The Condominium Ombudsman is authorized to assist with the resolution of disputes not
otherwise within the jurisdiction of the Division
When a unit owner files a written inquiry by certified mail with the board, the board shall
respond in writing to the unit owner within 30 days of receipt of the inquiry
Term 2 of 132
If there are the same number of candidates for positions to be filled on the board; is an election
necessary?
An election is always required regardless of candidates
An election is only required if there are more than three candidates
An election can be skipped if the board agrees
An election is not required unless more candidates timely file notices of intent to run than
board vacancies
,Term 3 of 132
Is the association required to carry a fidelity bonding?
All association official record must be kept for 7 years. Voting records and other voting
papers only have to be kept 1 year from the date of election, vote or meeting
The Association may charge an administrative late fee not to exceed the greater of $25.00
or 5% of the delinquent assessment installment.
The association may charge a reasonable expense for supplying copies of records to an
owner or charge its actual cost for preparing and furnishing copies of recorded documents
The association shall maintain adequate insurance or fidelity bonding of all persons who
control or disburse funds of the association and the president, secretary, and treasurer. The
amount of coverage shall equal the total amount of funds in custody of the association at
any one time.
Term 4 of 132
What meetings of an Association need to be properly posted?
Meetings held exclusively for financial audits and reviews
Social gatherings and informal discussions among board members
Emergency meetings called without prior notice to members
Board of Directors meeting, unit owner meetings & committee meetings
Term 5 of 132
The Annual members meeting of a condominium must be held where?
If the bylaws do not specify a location, the meeting must be held in the nearest city
If the bylaws do not specify a location for the membership meeting, it must be held within
45 miles of the condominium
If the bylaws do not specify a location, the meeting must be held at the developer's office
If the bylaws do not specify a location, the meeting can be held anywhere in the state
,Term 6 of 132
Can a community association pay a board member for his or her services as a board?
Board members can receive bonuses for successful projects
The members shall serve without compensation. However, they may be reimbursed out of
pocket expenses incurred on behalf of the Association
Board members must pay a fee to serve on the board
Board members are entitled to a salary based on the association's budget
Term 7 of 132
Who adopts the annual budget?
An association with 10 fewer units (formerly 100 units) may opt out of the competitive bid
requirements with the proper membership vote
You can represent yourself. You can be represented by an attorney or by qualified
representative.
The statutes set forth the miniumum noticing requirement for the budgeting meeting. An
annual budget must be adopted in accordance with the associations bylaws, whether it is
by the board or unit owners
Within 90 days of being elected or appointed a director must certify in writing that they
have read the Associations governing documents and that they will work to uphold these
documents & faithfully discharge their fiduciary duty to the association and its members; or
they can satisfactorily complete certified education course approved by the Division
Term 8 of 132
How is a vacancy filled?
The vacancy is filled by a random selection process
The remaining board members vote on who they will appoint to fill the remaining term of
the board vacancy
The vacancy must be filled by a member from the community
The vacancy is automatically filled by the president
, Term 9 of 132
Can a board member attend a board meeting by telephone?
The association can charge a transfer fee if they are required to approve a sale or lease and
it is provided for in the documents. The maximum charge allowable is $100 per applicant
YES. Any homeowner may erect a freestanding flagpole no more than 20 feet high on any
portion of the homeowner's real property. If it does not obstruct slightness at intersections
and its not within or upon an easement, regardless of any Association restrictions.
A board member may be counted towards the quorum and vote at a meeting by telephone,
as long as a telephone speaker is used and people present at the meeting can hear the
responses
YES. 718 now provides for voting rights to be withheld due to non-payment of a monetary
obligation in excess of 90 days. However, they are still counted towards the quorum
requirement.
Term 10 of 132
The Community Association Managers exam consists of 100 multiple choice questions. The subject
areas of the test are comprised of _________?
The CAM FIRM license is good for 2 years and renews on September 30th of odd
numbered years.
As of 1/1/09, a community association firm that is responsible for more than 10 units or
budget greater than $100k must be licensed by the department. They must submit an
application or fee.
Subject areas for the 100 question test are compromised of:
State & Federal laws (20%)
Procedures for noticing and conducting meetings (25%)
preparation for budgets and finances (25%)
insurance matters relating to associations (12%)
and management skills (18%)
The members shall serve without compensation. However, they may be reimbursed out of
pocket expenses incurred on behalf of the Association
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