FLORIDA CAM LICENSE FINAL STUDY
GUIDE 2026 COMPLETE ANSWERS
GRADED A+
⩥ Question : A corporation began conducting official operations on July
15 of this year. What is the deadline for filing an annual report with the
Department of State. Answer: May 1 of next year - Each community
association must file an annual report with the Florida Department of
State between January 1st and May 1st yearly. Sunbiz.org is part of the
Department of State, so basically they're asking when do you renew the
corporation.,
⩥ Question : A Condominium Association proposed a budget that is
200% of the previous year's assessment. What item should and should
not be included to establish the percentage of increase. Answer: .Answer
: Included - Reasonable reserves for repair or replacement. Not Included
- Anticipated expenses that the Board doesn't expect to recur on a
regular/annual basis or betterments to the property
⩥ Question : The intent of a special meeting of the association must be.
Answer: Limited to the scope of the meeting (only that subject will be
discussed at the meeting), and a notice must sent out.
⩥ Question : In a cooperative property, which policy would cover
damages from a large tree that fell due to a lightning strike. Answer: The
association's fire and casualty insurance - Association Fire and Casualty
, covers common property. In Florida, for condominiums and
cooperatives, this covers all portions of the condominium property as
originally installed, including any material alterations approved by the
owners. It does not include personal property of the owners in their
units.
⩥ Question : When must recalled, director(s) return all association
records in their control. Answer: Within 5 business days
⩥ Question : How many condominium association members must vote
in favor of a motion to waive the funding of reserve accounts in a
meeting held for that purpose. Answer: A majority of the voting interests
present
⩥ Question : How far in advance of filing a lawsuit to foreclose must the
condominium association provide written notice of their intention in
order to keep its right to recover attorney's fees. Answer: 45 days before
filing for foreclosure
⩥ Question : When is an election of the board of directors of a
condominium association required. Answer: When there are more
candidates than there are seats available.
⩥ Question : The developer may elect at least one director on a
homeowner's association board as long as the developer has at least what
percent of the parcels for sale. Answer: 5%
GUIDE 2026 COMPLETE ANSWERS
GRADED A+
⩥ Question : A corporation began conducting official operations on July
15 of this year. What is the deadline for filing an annual report with the
Department of State. Answer: May 1 of next year - Each community
association must file an annual report with the Florida Department of
State between January 1st and May 1st yearly. Sunbiz.org is part of the
Department of State, so basically they're asking when do you renew the
corporation.,
⩥ Question : A Condominium Association proposed a budget that is
200% of the previous year's assessment. What item should and should
not be included to establish the percentage of increase. Answer: .Answer
: Included - Reasonable reserves for repair or replacement. Not Included
- Anticipated expenses that the Board doesn't expect to recur on a
regular/annual basis or betterments to the property
⩥ Question : The intent of a special meeting of the association must be.
Answer: Limited to the scope of the meeting (only that subject will be
discussed at the meeting), and a notice must sent out.
⩥ Question : In a cooperative property, which policy would cover
damages from a large tree that fell due to a lightning strike. Answer: The
association's fire and casualty insurance - Association Fire and Casualty
, covers common property. In Florida, for condominiums and
cooperatives, this covers all portions of the condominium property as
originally installed, including any material alterations approved by the
owners. It does not include personal property of the owners in their
units.
⩥ Question : When must recalled, director(s) return all association
records in their control. Answer: Within 5 business days
⩥ Question : How many condominium association members must vote
in favor of a motion to waive the funding of reserve accounts in a
meeting held for that purpose. Answer: A majority of the voting interests
present
⩥ Question : How far in advance of filing a lawsuit to foreclose must the
condominium association provide written notice of their intention in
order to keep its right to recover attorney's fees. Answer: 45 days before
filing for foreclosure
⩥ Question : When is an election of the board of directors of a
condominium association required. Answer: When there are more
candidates than there are seats available.
⩥ Question : The developer may elect at least one director on a
homeowner's association board as long as the developer has at least what
percent of the parcels for sale. Answer: 5%
