FLORIDA CAM LICENSE BOARD
EVALUATION SCRIPT 2026 SOLVED
QUESTIONS GRADED A+
⩥ Rules and Regulations. Answer: Supplemental restrictions authorized
by the governing documents and promulgated by the board of directors.
⩥ Establishes the entity responsible for the maintenance, management,
and operation of the community property and its assets.. Answer:
Corporate Charter
⩥ In a coop, issues such as transfer fees, fidelity bonds, and arbitration
are generally provided for in the:. Answer: Bylaws
⩥ Association Rules and regulations must be. Answer: within the scope
of the boards authority
⩥ The first board of directors of an association is appointed by. Answer:
The developer
⩥ FS 617. Answer: Florida Not for Profit Corporate Act
⩥ FS 607. Answer: Florida Corporate Act
,⩥ FS 617 Provides that:. Answer: A community association may:
-Not distribute any part of the income or surplus of the corporation to its
members, directors or officers
-Pay reasonable compensation to offices and directors for services
rendered, unless expressively prohibited by the community association
docs
-Bestow benefits on members, directors, or offices in conformity with its
purposes
-Earn income on various operations, such as vending, interest, and
clubhouse usage, however this income must be used to offset future
assessments, or be applied as a credit to an expense category
-Upon dissolution or final liquidation, make distributions to its members
as permitted under the act
⩥ Not for profit does not mean tax exempt. Answer: True
⩥ Every corporation must file an ________ and pay an __________ of
$_____ or $______ to the Florida Secretary of State. Answer: Annual
Corporate Report, Pay an Annual Fee, $61.25 or $150
⩥ FS 718 Part 1. Answer: Statutory Requirements for creating and
operating a Condo ( general Provisions)
,⩥ FS 718 Part II. Answer: Statutory rights and obligations of the
developer
⩥ FS 718 Part III. Answer: Statutory Rights and obligations of the
association
⩥ FS 718 PART IV. Answer: Statutory requirements for special types of
condominiums
⩥ FS 718 PART V. Answer: Statutory requirements for Regulation of
Condos
⩥ FS 718 Part VI. Answer: Statutory Requirements for Conversions to
Condominiums
⩥ FS 718 Part VII. Answer: Distressed Condo Relief Act
⩥ FS 719 Part I. Answer: Statutory Requirements for creating and
operating Cooperatives
⩥ FS 719 Part II. Answer: Requirements of the developer
⩥ FS 719 Part III. Answer: Rights and obligations of the association
, ⩥ FS 719 Part IV. Answer: Requirements for special types of Coops
⩥ FS 719 Part V. Answer: Requirements for Regulation
⩥ FS 719 Part VI. Answer: Requirements for Conversions to Coops
⩥ FS 720. Answer: Mandatory Homeowners Associations
⩥ How Many parts does the HOA Act have?. Answer: 3
⩥ FS 720 Part 1. Answer: General Provisions
⩥ FS 720 Part II. Answer: Disclosure to sale of residential parcels
⩥ FS 720 Part III. Answer: Covenant Revitalization
⩥ Covenant Revitalization. Answer: to preserve the residential
community and association infrastructure and common areas, the
members can revive an expired declaration of covenants.
⩥ Federal Laws. Answer: Laws enacted by congress signed by president,
incorporated into the united states Code
EVALUATION SCRIPT 2026 SOLVED
QUESTIONS GRADED A+
⩥ Rules and Regulations. Answer: Supplemental restrictions authorized
by the governing documents and promulgated by the board of directors.
⩥ Establishes the entity responsible for the maintenance, management,
and operation of the community property and its assets.. Answer:
Corporate Charter
⩥ In a coop, issues such as transfer fees, fidelity bonds, and arbitration
are generally provided for in the:. Answer: Bylaws
⩥ Association Rules and regulations must be. Answer: within the scope
of the boards authority
⩥ The first board of directors of an association is appointed by. Answer:
The developer
⩥ FS 617. Answer: Florida Not for Profit Corporate Act
⩥ FS 607. Answer: Florida Corporate Act
,⩥ FS 617 Provides that:. Answer: A community association may:
-Not distribute any part of the income or surplus of the corporation to its
members, directors or officers
-Pay reasonable compensation to offices and directors for services
rendered, unless expressively prohibited by the community association
docs
-Bestow benefits on members, directors, or offices in conformity with its
purposes
-Earn income on various operations, such as vending, interest, and
clubhouse usage, however this income must be used to offset future
assessments, or be applied as a credit to an expense category
-Upon dissolution or final liquidation, make distributions to its members
as permitted under the act
⩥ Not for profit does not mean tax exempt. Answer: True
⩥ Every corporation must file an ________ and pay an __________ of
$_____ or $______ to the Florida Secretary of State. Answer: Annual
Corporate Report, Pay an Annual Fee, $61.25 or $150
⩥ FS 718 Part 1. Answer: Statutory Requirements for creating and
operating a Condo ( general Provisions)
,⩥ FS 718 Part II. Answer: Statutory rights and obligations of the
developer
⩥ FS 718 Part III. Answer: Statutory Rights and obligations of the
association
⩥ FS 718 PART IV. Answer: Statutory requirements for special types of
condominiums
⩥ FS 718 PART V. Answer: Statutory requirements for Regulation of
Condos
⩥ FS 718 Part VI. Answer: Statutory Requirements for Conversions to
Condominiums
⩥ FS 718 Part VII. Answer: Distressed Condo Relief Act
⩥ FS 719 Part I. Answer: Statutory Requirements for creating and
operating Cooperatives
⩥ FS 719 Part II. Answer: Requirements of the developer
⩥ FS 719 Part III. Answer: Rights and obligations of the association
, ⩥ FS 719 Part IV. Answer: Requirements for special types of Coops
⩥ FS 719 Part V. Answer: Requirements for Regulation
⩥ FS 719 Part VI. Answer: Requirements for Conversions to Coops
⩥ FS 720. Answer: Mandatory Homeowners Associations
⩥ How Many parts does the HOA Act have?. Answer: 3
⩥ FS 720 Part 1. Answer: General Provisions
⩥ FS 720 Part II. Answer: Disclosure to sale of residential parcels
⩥ FS 720 Part III. Answer: Covenant Revitalization
⩥ Covenant Revitalization. Answer: to preserve the residential
community and association infrastructure and common areas, the
members can revive an expired declaration of covenants.
⩥ Federal Laws. Answer: Laws enacted by congress signed by president,
incorporated into the united states Code
