Florida Cam Exam Questions
True
Question:
Purchasers of a timeshare plan have a ten day contract rescission period in which
to cancel the
purchase
Answer:
True
Question:
The Florida Fair Housing Act prohibits discrimination on the basis of handicap
Answer:
True
Question:
A valid Declaration of Condominium must contain easements for ingress and egress
to all units
and the common elements
Answer:
True
Question:
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 -
Answer:
False. The board should consult an attorney.
,Question:
Corporate Charter
Answer:
Articles of Incorporation are also known as the
Question:
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
Answer:
Articles of Incorporation ( Corporate Charter)
Question:
Florida Not for Profit Corporate Act
Answer:
FS 617
Question:
Florida Corporate Act
Answer:
FS 607
Conducting business and Community Association affairs
Operating and managing the association property and assets
Suing and defending against actions
,Question:
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
Answer:
Powers that are granted in FS 617
Question:
Condominium Act
Answer:
FS 718
Question:
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
Answer:
What is a condominium?
Question:
Cooperative Act
Answer:
FS 719
, Question:
Mandatory Homeowner's Association
Answer:
FS 720
Question:
Mandatory contents of a declaration ( condos)
Answer:
FS 718.104
Question:
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
Answer:
FS 718.111
True
Question:
Purchasers of a timeshare plan have a ten day contract rescission period in which
to cancel the
purchase
Answer:
True
Question:
The Florida Fair Housing Act prohibits discrimination on the basis of handicap
Answer:
True
Question:
A valid Declaration of Condominium must contain easements for ingress and egress
to all units
and the common elements
Answer:
True
Question:
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 -
Answer:
False. The board should consult an attorney.
,Question:
Corporate Charter
Answer:
Articles of Incorporation are also known as the
Question:
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
Answer:
Articles of Incorporation ( Corporate Charter)
Question:
Florida Not for Profit Corporate Act
Answer:
FS 617
Question:
Florida Corporate Act
Answer:
FS 607
Conducting business and Community Association affairs
Operating and managing the association property and assets
Suing and defending against actions
,Question:
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
Answer:
Powers that are granted in FS 617
Question:
Condominium Act
Answer:
FS 718
Question:
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
Answer:
What is a condominium?
Question:
Cooperative Act
Answer:
FS 719
, Question:
Mandatory Homeowner's Association
Answer:
FS 720
Question:
Mandatory contents of a declaration ( condos)
Answer:
FS 718.104
Question:
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
Answer:
FS 718.111
