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FL CAM License Exam 2024 With 100% Correct Answers Guarantee Pass
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FL CAM License Exam 2024 With 100% Correct Answers Guarantee Pass
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FL CAM License Exam.pdf file:///C:/Users/HP/Desktop/New%20fo/FL%20CAM%20License%2FL CAM LICENSE EXAM QUESTIONS & ANSWERS
1. 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 with joint ownership of an
undivided share of the common elements as well as mandatory membership in the association.
2. 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
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, condos and coops have the specific authority to acquire title.
A. & 719
B. & 708
C. & 719
D. & 719
Answer D. & 719
FS 607 is General Corporate Law, FS 718 is condominiums, and FS 719 is cooper- atives.
3. 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.
Answer D. All of the above.
A person who provides the following services for compensation must be licensed by DBPR
Disburse funds
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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. 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
Answer 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. 5. Restrictive covenants that run with the land as permanent restrictions remain in
effect until .
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A. The majority of the owners vote otherwise
B. All of the owners agree
C. The developer cancels them
D. The community is terminated
Answer 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. 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
Answer B. Identification by unit number/letter
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