Articles of incorporation - Study guides, Class notes & Summaries

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 _____...

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...

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...

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 administrationAnswer - True Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purchaseAnswer - True The Florida Fair Housing Act prohibits discrimination on the basis of handicapAnswer - True A valid Declaration of Condominium must contain easements for ingress and egress...

Florida Real Estate Exam Linda purchases property in Escambia County from Susan. Linda has $30,000.00 as a down payment and gets a mortgage in the amount of $150,000.00 and there is no other consideration for the transfer. How much will the doc stamp tax on the deed be? 1) $1,050.00 2) $1,260.00 3) $630.00 4) $525.00 - correct answer -$1,260.00 Tax calculation: $150,000 + $30,000 = $180,000/100 = 1800 (taxable $100 units) x $0.70 = $1260.00 tax due. Heather has been using a roadway...

Formation of a Corp Ans- People, Paper, Act! People: Incorporators - one or more. Must execute/sign the articles and deliver them to the Secretary of State. Can be an individual or an entity. Paper: Articles of Incorporation: a. Articles are a contract between the corp and shareholders. b. And also a contract between the corporation and the state. Must include: Corporate Name (w/ magic words) Name and address of each incorporator Name and address of each initial director Name of regis...

According to MSRB rules, to be considered to be "regular way" settlement correct answers Settlement date is trade date plus three business days. Regular way settlement for municipal bond transactions is Trade date plus 3 business days (T+3). Muni Firm has a control relationship with an issuer for which it is distributing a new issue. RR wants to sell some of the securities to a discretionary client but the client cannot be reached. What can the RR do with regard to executing the transaction...

CAM License UPDATED ACTUAL Exam Questions and CORRECT Answers The rights and obligations inherent in the ownership of a unit in a condominium are - CORRECT ANSWER- Appurtenances to the Unit The original corporate structure of a condominium association is established in the - CORRECT ANSWER- Articles of Incorporation

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 Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purchase - Answer- True The Florida Fair Housing Act prohibits discrimination on the basis of handicap - Answer- True A valid Declaration of Condominium must contain easements for ingress and egr...

CMCA EXAM 2024 LATEST VERSIONS (3 EXAMS) WITH 300 QUESTIONS AND CORRECT VERIFIED ANSWERS/ CMCA REAL EXAM QUESTIONS AND ANSWERS GRADED A(BRAND NEW!) The primary purpose of a community association is to: A. Guarantee property tax benefits B. Protect the financial health of the owners C. Provide owners protection from municipal laws D. Deal with governance and business Which of the following has the greatest regulatory influence on the management of a community association? a. Federal ...