FLORIDA Community Association Manager (CAM)
2026/2027 EXAM LATEST VERSION QUESTIONS AND
VERIFIED CORRECT ANSWERS | pdf
If there is not appropriate place to post a notice, an HOA must deliver or mail a
notice to each member at least ___ days in advance while a condo or coop has
____ days. ( except in an emergency SELECTED ANSWER 👀**
Within ____ days after ____% of the total units are conveyed to non-developer
members, the developer must ______________ SELECTED ANSWER 👀**
%/ call a meeting for election of directors
The developer must give ______ notice of the meeting and election.
SELECTED ANSWER 👀** 60 days
The developer must provide the association with an audit of the association
financial records within ______ days after the transition meeting. SELECTED
ANSWER 👀** 90
The Condo and Coop Acts establish implied warranties of fitness and
marketability as follows: SELECTED ANSWER 👀** Units: 3 years warranty
commencing with the date of completion of the building that contains the unit
Non Unit improvements: 3 years commencing with the date of completion of
improvements
,Roof, Structural mechanical, electrical, plumbing: 3 year warranty beginning with
completion or building construction, 1 year after turnover to members, which
ever occurs last but not more than 5 years. ( 3-1-5 rule)
Bulk assignee SELECTED ANSWER 👀** a buyer who acquires more than
seven parcels in a single condominium after July 1, 2010 and prior to July 1
2018, as determined by county records and receives assignment of some or all
of the rights of a developer as set forth in the declaration or statute by a written
document in the county records.
Bulk buyer SELECTED ANSWER 👀** a buyer who acquires more than seven
parcels in a single condo after July 1, 2010 and prior to July 1, 2018 but does
not receive assignment of developers rights.
Insurable interest SELECTED ANSWER 👀** real or personal property,
reputations, persons, animals, or any item or thing in which we have an
economic interest and for which there is potential of an economic loss.
Four types of Insurance SELECTED ANSWER 👀** Property, Liability,
Income, Personeel
Three core activities of the association board of directors in regards to insurance
requirements: SELECTED ANSWER 👀** Business
Government
Community
,Condominium Act FS 718.111 SELECTED ANSWER 👀** Provides specific
detailed language on insurance requirements.
When is a condo deemed ineligible for wind-only coverage? SELECTED
ANSWER 👀** when 50% or more of the units are rented more than eight times
in a calendar year for a rental period of less than 30 days
Which Florida Agency Regulates Insurance SELECTED ANSWER 👀** The
OIR ( office of Insurance Regulation)
Effective January 1, 2009 the association's policy includes casualty damage to
air conditioners and compressors, even if an air conditioner and compressor
serves only one unit. SELECTED ANSWER 👀** True
Condo Member coverage after January 2004 requires that the member insure
the following items in his or her unit: SELECTED ANSWER 👀** All floor, wall
and ceiling covers, appliances and electrical fixtures, built-in cabinets and
countertops, water heaters and water filters, window treatments, including
drapes, blinds, hardware
Property Insurance is also known as SELECTED ANSWER 👀** Hazard
Insurance
Who regulates pest control? SELECTED ANSWER 👀** The Florida
Department of Agriculture, and Consumer Services ( FDACS)
, Which Statute Provides authority for pest control? SELECTED ANSWER 👀**
FS 482
Purchasers of a condo or coop resale unit have ___ day period to rescind the
sales contract. SELECTED ANSWER 👀** 3
Limited Common Element SELECTED ANSWER 👀** property owned by a
member of an association but used by all members.
A homeowner may suspend voting rights if a member is more than 90 days late
in paying an assessment or other monetary amount SELECTED ANSWER
👀** True
If approved by a majority TVI present at a duly called and quorumed HOA
meeting, the members may vote to have the association prepare an annual
review rather than an annual audit, where the annual revenues were $750,000
SELECTED ANSWER 👀** True
25% of the members have petitioned its cooperative board for an audit rather
than a compilation, when the past years annual revenue were $250,000. The
association must hold a membership meeting within 30 days after receiving the
petition to vote on this issue. SELECTED ANSWER 👀** True
HOA's member meetings require a quorum of 30% TVI unless a different
number is provided in the bylaws. SELECTED ANSWER 👀** True
2026/2027 EXAM LATEST VERSION QUESTIONS AND
VERIFIED CORRECT ANSWERS | pdf
If there is not appropriate place to post a notice, an HOA must deliver or mail a
notice to each member at least ___ days in advance while a condo or coop has
____ days. ( except in an emergency SELECTED ANSWER 👀**
Within ____ days after ____% of the total units are conveyed to non-developer
members, the developer must ______________ SELECTED ANSWER 👀**
%/ call a meeting for election of directors
The developer must give ______ notice of the meeting and election.
SELECTED ANSWER 👀** 60 days
The developer must provide the association with an audit of the association
financial records within ______ days after the transition meeting. SELECTED
ANSWER 👀** 90
The Condo and Coop Acts establish implied warranties of fitness and
marketability as follows: SELECTED ANSWER 👀** Units: 3 years warranty
commencing with the date of completion of the building that contains the unit
Non Unit improvements: 3 years commencing with the date of completion of
improvements
,Roof, Structural mechanical, electrical, plumbing: 3 year warranty beginning with
completion or building construction, 1 year after turnover to members, which
ever occurs last but not more than 5 years. ( 3-1-5 rule)
Bulk assignee SELECTED ANSWER 👀** a buyer who acquires more than
seven parcels in a single condominium after July 1, 2010 and prior to July 1
2018, as determined by county records and receives assignment of some or all
of the rights of a developer as set forth in the declaration or statute by a written
document in the county records.
Bulk buyer SELECTED ANSWER 👀** a buyer who acquires more than seven
parcels in a single condo after July 1, 2010 and prior to July 1, 2018 but does
not receive assignment of developers rights.
Insurable interest SELECTED ANSWER 👀** real or personal property,
reputations, persons, animals, or any item or thing in which we have an
economic interest and for which there is potential of an economic loss.
Four types of Insurance SELECTED ANSWER 👀** Property, Liability,
Income, Personeel
Three core activities of the association board of directors in regards to insurance
requirements: SELECTED ANSWER 👀** Business
Government
Community
,Condominium Act FS 718.111 SELECTED ANSWER 👀** Provides specific
detailed language on insurance requirements.
When is a condo deemed ineligible for wind-only coverage? SELECTED
ANSWER 👀** when 50% or more of the units are rented more than eight times
in a calendar year for a rental period of less than 30 days
Which Florida Agency Regulates Insurance SELECTED ANSWER 👀** The
OIR ( office of Insurance Regulation)
Effective January 1, 2009 the association's policy includes casualty damage to
air conditioners and compressors, even if an air conditioner and compressor
serves only one unit. SELECTED ANSWER 👀** True
Condo Member coverage after January 2004 requires that the member insure
the following items in his or her unit: SELECTED ANSWER 👀** All floor, wall
and ceiling covers, appliances and electrical fixtures, built-in cabinets and
countertops, water heaters and water filters, window treatments, including
drapes, blinds, hardware
Property Insurance is also known as SELECTED ANSWER 👀** Hazard
Insurance
Who regulates pest control? SELECTED ANSWER 👀** The Florida
Department of Agriculture, and Consumer Services ( FDACS)
, Which Statute Provides authority for pest control? SELECTED ANSWER 👀**
FS 482
Purchasers of a condo or coop resale unit have ___ day period to rescind the
sales contract. SELECTED ANSWER 👀** 3
Limited Common Element SELECTED ANSWER 👀** property owned by a
member of an association but used by all members.
A homeowner may suspend voting rights if a member is more than 90 days late
in paying an assessment or other monetary amount SELECTED ANSWER
👀** True
If approved by a majority TVI present at a duly called and quorumed HOA
meeting, the members may vote to have the association prepare an annual
review rather than an annual audit, where the annual revenues were $750,000
SELECTED ANSWER 👀** True
25% of the members have petitioned its cooperative board for an audit rather
than a compilation, when the past years annual revenue were $250,000. The
association must hold a membership meeting within 30 days after receiving the
petition to vote on this issue. SELECTED ANSWER 👀** True
HOA's member meetings require a quorum of 30% TVI unless a different
number is provided in the bylaws. SELECTED ANSWER 👀** True
