MOST COMPREHENSIVE QUESTIONS AND
ANSWERS TO PASS THE EXAMS ,100%
VERIFIED UPDATED
A Community Association is generally defined as real or personal property, owned by
two or more entities, which share the responsibility for the costs of maintenance and
administration - CORRECT ANSWERS-True
Purchasers of a timeshare plan have a ten day contract rescission period in which to
cancel the purchase - CORRECT ANSWERS-True
The Florida Fair Housing Act prohibits discrimination on the basis of handicap -
CORRECT ANSWERS-True
A valid Declaration of Condominium must contain easements for ingress and egress to
all units and the common elements - CORRECT ANSWERS-True
Compliance with the Construction Lien Law is very technical and can have an impact on
title to property. Therefore the board should always consult with the manager regarding
lien issues - CORRECT ANSWERS-False. The board should consult an attorney.
Corporate Charter - CORRECT ANSWERS-Articles of Incorporation are also known as
the
Establishes the power and authority of the community Association
Establishes the corporate entity that is responsible for management, maintenance and
operation of the community association
Is based in corporate law - CORRECT ANSWERS-Articles of Incorporation ( Corporate
Charter)
Florida Not for Profit Corporate Act - CORRECT ANSWERS-FS 617
Florida Corporate Act - CORRECT ANSWERS-FS 607
Conducting business and Community Association affairs
Operating and managing the association property and assets
Suing and defending against actions
Lending money for association purposes
Acquiring Property
,Entering into contracts and purchasing items that are required for operations and
maintenance
Incurring liabilities
Borrowing funds
Mortgaging community association properties - CORRECT ANSWERS-Powers that are
granted in FS 617
Condominium Act - CORRECT ANSWERS-FS 718
Form of joint ownership of real property that comprises:
Exclusive ownership of each unit
Joint undivided share of common elements
Required membership in the community association - CORRECT ANSWERS-What is a
condominium?
Cooperative Act - CORRECT ANSWERS-FS 719
Mandatory Homeowner's Association - CORRECT ANSWERS-FS 720
Mandatory contents of a declaration ( condos) - CORRECT ANSWERS-FS 718.104
Definitions of the corporate entity, powers of association, easements, rights of access to
unit, insurance, official records of the association, community directory, financial
reporting requirements, purchase of units, purchase of land and recreation leases,
operations of condominiums created prior to January 1, 1977, commingling -
CORRECT ANSWERS-FS 718.111
FS 718.1124 - CORRECT ANSWERS-Definitions of required contents of bylaws,
including administration, notice requirements, quorum, proxies, voting requirements,
elections, electronic voting, candidate eligibility, director certificate/education
requirements, recalls, arbitration, timeshare condominium exceptions, board and
member meetings, Annual budget requirements, assessments, amendment of bylaws,
transfer fees, director and officer delinquencies and offenses, common elements
( limited power to convey to a condemning authority)
FS 718.113 - CORRECT ANSWERS-Maintenance requirements, display of flags and
religious decorations, hurricane shutters, and other types of code-complaint hurricane
protection
FS 718.114 - CORRECT ANSWERS-Association powers, acquisition of leasehold
memberships and other possessory or use interests
FS 718.115 - CORRECT ANSWERS-Common Expenses and common surplus,
expense and credits for hurricane protection, communication expenses
,FS 718.116 - CORRECT ANSWERS-Liability for not paying common expenses,
including the right to assess interest, lien, foreclose, and collect rents from delinquent
members etc., liability of first mortgage holder, liability of previous owners
FS 718.303 - CORRECT ANSWERS-Provides that if a member is more than 90 days
delinquent or has failed to comply with his or her monetary obligation that is due to the
community association, or has failed to comply with the documents or reasonable rules,
the right to use common elements can be suspended. Provides fining authority and
procedures.
The pH of the pool water must be maintained at: - CORRECT ANSWERS-7.2-7.8
Condominium and Cooperative Associations pay an annual fee of $_______ per
residential unity, per ______ to the DFCTSMH Trust Fund - CORRECT ANSWERS-
$4.00/ Year
A windstorm self insurance pool must include 3 or more associations, all of which must
be residential, with not less than 50 units. - CORRECT ANSWERS-True
The member must place an election ballot in an inner envelope, and place the inner
envelope in an outer envelope, which the member signs. - CORRECT ANSWERS-
Procedures for voting in secret for members who are not in attendance at the annual
meeting.
The purpose of Regulatory Council of Community Association Managers is to -
CORRECT ANSWERS-Provide licensure exam and continuing education requirements
for CAMS
A volunteer director who is not compensated for his duties as a director need not have a
CAM license - CORRECT ANSWERS-True
Prospective members must receive certain information from an HOA when purchasing a
new unit, including Community Association Disclosures - CORRECT ANSWERS-True
An employee of the ombudsman's office may not serve as an officer in a local, state, or
national political party - CORRECT ANSWERS-True
Components of a collection policy should not include court charges for filing of liens -
CORRECT ANSWERS-True
At will means - CORRECT ANSWERS-an employee who may be dismissed at any time
for any non-discriminatory reasons, with or without cause
.
FS 482 - CORRECT ANSWERS-governs pest control companies and operators
, The Ombudsman duties include but are not limited to - CORRECT ANSWERS-
Encourage and facilitate voluntary meetings with and between members, directors,
managers, and other affected parties of condominiums
Community association management companies must file for company insurance -
CORRECT ANSWERS-Once very two years on October 1st of odd numbered years.
HOA's must file for arbitration with DBPR when members contest elections of recalls -
CORRECT ANSWERS-True
Pursuant to FS 720, an HOA has all the following powers in an emergency declared by
the governer: - CORRECT ANSWERS-to cancel and reschedule an association
meeting
to designate assistant officers who are not directors
to relocate the association's principal officer or designate an alternative office
In an emergency an HOA Can not - CORRECT ANSWERS-contract, on behalf of a
member for items of services for which the member is individually responsible.
Condominium members may vote to terminate the association if: - CORRECT
ANSWERS-cost to make necessary repairs so that the property meets code is too high.
If there are more than _____ units, or the budget exceeds $________, the manager
must be licensed through DBPR as a community Association Manager - CORRECT
ANSWERS-40/$100,000
How many members are there on the Regulatory Council of Condominium Managers? -
CORRECT ANSWERS-7 members appointed by the Governor of the State
Cooperative - CORRECT ANSWERS-A type of joint ownership of real estate where an
individual purchases shares of stock in a corporation, which gives the purchaser the
right to occupy a unit under a proprietary lease.
When is a condominium created? - CORRECT ANSWERS-When its declaration of
covenants is recorded in the public records of the county in which the property is
located.
Timeshare - CORRECT ANSWERS-a community that permits units to be owned and
occupied for fixed period of time in a given year.
A cooperative or HOA may suspend the voting rights of a unit or member due to
nonpayment of any monetary 26 obligation due to the association, which is more than
90 days delinquent. - CORRECT ANSWERS-True
A condominium may suspend the voting rights of a member that owes more than
$1,000 of any fee, fine, or other 28 mandatory obligation that is more than 90 days