100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
FL CAM LICENSE ACTUAL EXAM COMPLETE 100 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) WITH RATIONALES |ALREADY GRADED A+||BRAND NEW VERSION!!.$18.99
Add to cart
FL CAM LICENSE ACTUAL EXAM COMPLETE 100
QUESTIONS AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) WITH RATIONALES |ALREADY
GRADED A+||BRAND NEW VERSION!!.
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. 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 ✔✔ANSWER✔✔D. & 719
1|Page
,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. ✔✔ANSWER✔✔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
2|Page
,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. 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 ✔✔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. 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
3|Page
, 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 ✔✔ANSWER✔✔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 ✔✔ANSWER✔✔A. Corporate Charter
4|Page
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller teachme2expert. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $18.99. You're not tied to anything after your purchase.
