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 complete 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...

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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.....

FL CAM License Exam Questions and Answers (Latest Update 2024)

Florida CAM license Exam Questions and Answers (latest Update 2024)

FL CAM License Exam Questions Review With Revised Correct Answers <Latest Update> 1. The portion of the community property shared by all of the owners and members is _______. A. Limited Common Elements B. Association Property C. Common Elements D. All Easements - ANSWER C. Common Elements A COMMON ELEMENT is that property shared by all of the owners and members of the community. Common elements are the portions of the condominium property not included in ...

FL CAM License Exam Questions and Answers

What is a legally binding agreement? 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? A covena...

FL CAM License Exam Questions And Correct Answers, With Complete Verified Solution. Over 400 Questions And Answers With Rationale. Graded A+ 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 B. an undivided Condominium means individual ownership of a unit coupled with joint ownership of an undivided share of the common elements...

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