Condominium act - Study guides, Class notes & Summaries

being licensed under part VIII of chapter 468 F.S. means - Answer- you are capable of performing community association management (CAM) services specified in the condominium act and reserves these for exclusive use for certain owners - Answer- limited common elements property owned by all owners in a condominium - Answer- the common elements a maintenance coordinator must... - Answer- be licensed as a community association manager and is not exempt the condominium concept is made up ...

Cam Exam 2024/2025 Questions & Answers 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 - ANSWERSTrue Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purchase - ANSWERSTrue The Florida Fair Housing Act prohibits discrimination on the basis of handicap - ANSWERSTrue A valid Declaration of Condominium m...

Florida Cam (Community Association Manager Prelicensure Course) Practice Test After purchasing the mobile home park, the residents form a community association and hire a paid manager. The manager must be licensed under Part VIII of Chapter 468 if the budget of the association exceeds: A.$50,000 B.$75,000 C.$100,00 D.$125,000 - CORRECT ANSWER-C. A type of joint ownership of real estate where legal title is not vested in the individual, but the individual receives the right to occ...

Humber Real Estate - Course 3, Module 1, Introducing Residential Condominiums Questions and Answers Graded A Condominium owners hold ______ to their private living space (unit) and share ownership jointly of the common areas (common elements) with other owners in the condominium corporation. Title What is the definition of a 'Condominium Corporation'? A legal entity that represents the collective interests of its property owners. Who establishes the rules and bylaws in a condominium? The co...

1. Community Association: Mandatory memberships, mutually binding contracts, lien-based assements 2. Purpose of community association: Provide for the community, business, and governance aspects of the association 3. Basic types of community association: Planned communities, condominium, and cooperatives 4. Planned community: HOA, owner association 5. Condominium: Owner of his/her unit 6. Cooperative: Owns stock/holds lease 7. Types of community associations: Master/umbrella, Mixed use dev...

RECA Residential Unit 7 Exam Questions and Answers 2024 under which Act/Law are all Alberta municipalities empowered to shape their communities? - Answer-MGA - The Municipal Government Act Which department is responsible for administration of the MGA? -Answer-Municipal Affairs is the department responsible for administering the Municipal Government Act MGA contains 3 key topics -Answer-1. Assessment and Taxation 2. Governance and Administration 3. Planning and Development When was the fir...

being licensed under part VIII of chapter 468 F.S. means Answer - you are capable of performing community association management (CAM) services specified in the condominium act and reserves these for exclusive use for certain owners Answer - limited common elements property owned by all owners in a condominium Answer - the common elements a maintenance coordinator must... Answer - be licensed as a community association manager and is not exempt the condominium concept is made up of.....

Texas Principles of Real Estate II (2024 / 2025) Exam | Questions and Verified Answers | 100% Correct Q: According to value a. Police power b. Ad valorem c. Taxation d. Escheat e. Condemnation Answer: B Q: The government retains the following rights in lands, EXCEPT: a. Eminent domain b. Allodial c. Police Power d. Taxation Answer: B Q: If a landowner sues the government in order to force it to buy his or her land, this is called: a. Reverse condemnation b. Forward condemnation c. Inverse condem...

Florida Cam (Community Association Manager Prelicensure Course) Practice Test After purchasing the mobile home park, the residents form a community association and hire a paid manager. The manager must be licensed under Part VIII of Chapter 468 if the budget of the association exceeds: A.$50,000 B.$75,000 C.$100,00 D.$125,000 - CORRECT ANSWER-C. A type of joint ownership of real estate where legal title is not vested in the individual, but the individual receives the right to occ...

RCM - Admin UPDATED Exam Questions and CORRECT Answers What are the three laws that protect condo owners when buying and living in a condo? - CORRECT ANSWER- Condominium Act, Condominium Management Services Act, and the Ontario New Home Warranties Plan Act What does the Condo Act do? - CORRECT ANSWER- Regulates how condominium corporations are created, owned, and governed