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Florida FL CAM License Exam 2024 With 100% Correct Answers Guarantee Pass
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Florida FL CAM License Exam 2024 With 100% Correct Answers Guarantee Pass
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Florida Cam Exam.pdf file:///C:/Users/HP/Desktop/New%20fo/Florida%20Cam%20ExamFlorida Cam Exam Questions & Verified Answers
1. 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
Answer True
2. Purchasers of a timeshare plan have a ten day contract rescission periodin which to
cancel the purchase
Answer True
3. The Florida Fair Housing Act prohibits discrimination on the basis of hand-icap
Answer True
4. A valid Declaration of Condominium must contain easements for ingressand egress
to all units and the common elements
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Answer True
5. Compliance with the Construction Lien Law is very technical and can havean impact on
title to property. Therefore the board should always consult with the manager regarding
lien issues
Answer False. The board should consult an attorney.
6. Corporate Charter
Answer Articles of Incorporation are also known as the
7. Establishes the power and authority of the community Association Establishes the
corporate entity that is responsible for management, mainte-nance and operation of the
community association
Is based in corporate law
Answer Articles of Incorporation ( Corporate Charter)
8. Florida Not for Profit Corporate Act
Answer FS 617
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9. Florida Corporate Act
Answer FS 607
10. Conducting business and Community Association affairs Operating
and managing the association property and assetsSuing and defending
against actions
Lending money for association purposes
Acquiring Property
Entering into contracts and purchasing items that are required for operationsand
maintenance
Incurring liabilities
Borrowing funds
Mortgaging community association properties
Answer Powers that are granted in FS617
11. Condominium Act
Answer FS 718
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12. 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
Answer What is a condominium?
13. Cooperative Act
Answer FS 719
14. Mandatory Homeowner's Association
Answer FS 720
15.
16. Mandatory contents of a declaration ( condos)
Answer FS 718.104
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