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FLORIDA CAM LICENSE FINAL EXAM LATEST 2026-2027 ACTUAL
EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (100% VERIFIED ANSWERS) |ALREADY GRADED A+|
||PROFESSOR VERIFIED|| ||BRANDNEW!!!||
The DBPR Governance Form discusses the role of the condo
board in conducting day to day affairs and the rights of members
to attend and speak at meetings, among other things. - ANSWER-
True
The board of directors is the managing entity for a community
association. - ANSWER-True
At a condo election, once the outer envelope is opened, the
association may accept no additional ballots. - ANSWER-True
All community associations are required to have a financial plan
that sets forth the proposed revenues and expenditures of funds
for the maintenance and management of association properties
for the fiscal year. - ANSWER-True
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In an inner envelope contains more than one ballot, neither ballot
is valid. - ANSWER-True
In a mobile homeowner's association, all nominations for director
from the floor must be made available at a duly noticed meeting of
the members held at least 30 days prior to the annual meeting. -
ANSWER-True
Six directors of a seven member board of directors resign. Can
the remaining director appoint individuals who are eligible for the
board to fill those vacancies? - ANSWER-Yes
If a director exercises prudent business judgment, he assures that
he understands the requirements of his position and spends
sufficient time to properly carry out his functions. - ANSWER-True
If using an online voting system an association must use an
online voting system that is able to authenticate the validity of
each electronic ballot to ensure the ballot was not altered in
transit. - ANSWER-True
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Florida law requires that all corporations have a registered agent
and registered office - ANSWER-True
A proxy in a condo association is valid for a period of up to 90
days after the date of the first meeting for which it was given. -
ANSWER-True
Assessments, membership fees, and maintenance fees are
different words that essentially mean the same thing. - ANSWER-
True
Deferred maintenance means any maintenance or repair that will
be performed less frequently than yearly and which will result in
maintaining or extending the useful life of an asset. - ANSWER-
True
Unless the governing documents require a membership vote, the
board of directors may approve a special assessment - ANSWER-
True
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Condos, Coops and HOA's must keep all records for at least
seven years, by statute. - ANSWER-True
Line Item Accounts to be included in Cash Basis Financial
Reports for Condos are: - ANSWER-Professional and
management fees and expenses
Costs for recreation Facilities
Trash Collection
Utilities
Taxes
Maintenance and Repair
Insurance
Lawn Care
Admin and Salaries
Reserves
Deferred Maintenance
Any other category for which the association maintains reserves
FLORIDA CAM LICENSE FINAL EXAM LATEST 2026-2027 ACTUAL
EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (100% VERIFIED ANSWERS) |ALREADY GRADED A+|
||PROFESSOR VERIFIED|| ||BRANDNEW!!!||
The DBPR Governance Form discusses the role of the condo
board in conducting day to day affairs and the rights of members
to attend and speak at meetings, among other things. - ANSWER-
True
The board of directors is the managing entity for a community
association. - ANSWER-True
At a condo election, once the outer envelope is opened, the
association may accept no additional ballots. - ANSWER-True
All community associations are required to have a financial plan
that sets forth the proposed revenues and expenditures of funds
for the maintenance and management of association properties
for the fiscal year. - ANSWER-True
,2|Page
In an inner envelope contains more than one ballot, neither ballot
is valid. - ANSWER-True
In a mobile homeowner's association, all nominations for director
from the floor must be made available at a duly noticed meeting of
the members held at least 30 days prior to the annual meeting. -
ANSWER-True
Six directors of a seven member board of directors resign. Can
the remaining director appoint individuals who are eligible for the
board to fill those vacancies? - ANSWER-Yes
If a director exercises prudent business judgment, he assures that
he understands the requirements of his position and spends
sufficient time to properly carry out his functions. - ANSWER-True
If using an online voting system an association must use an
online voting system that is able to authenticate the validity of
each electronic ballot to ensure the ballot was not altered in
transit. - ANSWER-True
,3|Page
Florida law requires that all corporations have a registered agent
and registered office - ANSWER-True
A proxy in a condo association is valid for a period of up to 90
days after the date of the first meeting for which it was given. -
ANSWER-True
Assessments, membership fees, and maintenance fees are
different words that essentially mean the same thing. - ANSWER-
True
Deferred maintenance means any maintenance or repair that will
be performed less frequently than yearly and which will result in
maintaining or extending the useful life of an asset. - ANSWER-
True
Unless the governing documents require a membership vote, the
board of directors may approve a special assessment - ANSWER-
True
, 4|Page
Condos, Coops and HOA's must keep all records for at least
seven years, by statute. - ANSWER-True
Line Item Accounts to be included in Cash Basis Financial
Reports for Condos are: - ANSWER-Professional and
management fees and expenses
Costs for recreation Facilities
Trash Collection
Utilities
Taxes
Maintenance and Repair
Insurance
Lawn Care
Admin and Salaries
Reserves
Deferred Maintenance
Any other category for which the association maintains reserves
