Cam license exam - Study guides, Class notes & Summaries

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 completeAnswer - 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 righ...

FL CAM License Exam 2023 Questions and Answers. 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 L...

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CAM License Exam Questions and Answers (Graded A)CAM License Exam Questions and Answers (Graded A)CAM License Exam Questions and Answers (Graded A)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 m...

What is a legally binding agreement? Answer - It is structured by formal, legal documents that define property rights, rules and restrictions It grants rights and/or imposes liabilities and responsibilities on the community association and members It provides governance, business, and communal aspects of administering, maintaining and enhancing the property Could also be considered a "contract" What is a legally binding agreement referred to in certain community associations? Answe...

FL CAM License Exam Questions And Answers 1. Condominium form of ownership consists 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 - ANS 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 _____...