FL CAM Practice Exam 1 Questions
Question:
After purchasing the mobile home park, the residents form a community association
and hire a
paid manager. The manager must be licensed under Part VIII of Chapter 468 if the
budget of the
association exceeds:
A.$50,000
B.$75,000
C.$100,00
D.$125,000
Answer:
C.
Question:
A type of joint ownership of real estate where legal title is not vested in the
individual, but the
individual receives the right to occupy a unit, is a:
A. mobile home.
B. cooperative
C. mandatory homeowners' association.
D. condominium
Answer:
B.
,Question:
The type of community association that permits individual units to be owned and
occupied by
different people during the year is a:
A.time-share property.
B.cooperative.
C.phase condominium
D.townhouse
Answer:
A.
Question:
Appurtenances in a condominium or cooperative include rights of:
A. use and access to all individual units.
B. liens.
C. the association's records.
D. the use of and access to all easements, membership in the association, and
assigned
percentage of ownership in the common areas and any club membership rights.
Answer:
D.
Question:
Any person or firm licensed under Part VIII of Chapter 468, Florida Statutes, is
considered:
A. responsible for management
B. capable of performing community association management services.
C. capable of transferring possessions and ownership of cooperative property.
Answer:
B.
A homeowners' association where membership in the association is mandatory for all
owners and
the association has a lien right which is not a condominium or cooperative is
regulated by
,Question:
provisions of which Florida statute?
A. 648, F.S.
B. 720, F.S.
C. 721, F.S.
D 735, F.S.
Answer:
B.
A board member of a condominium or cooperative association may not accept anything
of value
providing goods or services to the association for his/her benefit or the benefit
of his/her family
except:
A. for items received at trade fairs or educational programs
B. when fully disclosed to all of the other board members.
C. when received from a vendor who is also a relative.
Question:
D. when the item received has a value of less than $500.00
Answer:
A.
Question:
The document that created an elaborate set of convenants and restrictions that
establish basic
rights and responsibilities of homeowners' assocaition members, residents and
guests is the:
A. Charter
B. Bylaws.
C. Articles.
D. Declaration.
Answer:
D.
, Question:
Florida's Condominium Act and the Not-For-Profit Act require which document to
establish
procedures for carrying out the day-to-day operations of the association?
A. Charter
B. Bylaws.
C. Declaration.
D. Articles.
Answer:
B.
Question:
The Condominium Act specifies that which of the following are reserved for
exclusive use of
certain owners?
A. Common ares.
B. Limited common elements.
C. Recreation areas.
D. Elevators
Answer:
B.
Question:
The community association statute require that each association's governing
documents be
recoreded with which of the following to be effective?
A. The Department of Business and Professional Regulation,
B. The clear of the circuit court.
C. The recording office.
D. The Division of Florida Condominiums, Timeshares and Mobile Homes
Answer:
B.
Question:
After purchasing the mobile home park, the residents form a community association
and hire a
paid manager. The manager must be licensed under Part VIII of Chapter 468 if the
budget of the
association exceeds:
A.$50,000
B.$75,000
C.$100,00
D.$125,000
Answer:
C.
Question:
A type of joint ownership of real estate where legal title is not vested in the
individual, but the
individual receives the right to occupy a unit, is a:
A. mobile home.
B. cooperative
C. mandatory homeowners' association.
D. condominium
Answer:
B.
,Question:
The type of community association that permits individual units to be owned and
occupied by
different people during the year is a:
A.time-share property.
B.cooperative.
C.phase condominium
D.townhouse
Answer:
A.
Question:
Appurtenances in a condominium or cooperative include rights of:
A. use and access to all individual units.
B. liens.
C. the association's records.
D. the use of and access to all easements, membership in the association, and
assigned
percentage of ownership in the common areas and any club membership rights.
Answer:
D.
Question:
Any person or firm licensed under Part VIII of Chapter 468, Florida Statutes, is
considered:
A. responsible for management
B. capable of performing community association management services.
C. capable of transferring possessions and ownership of cooperative property.
Answer:
B.
A homeowners' association where membership in the association is mandatory for all
owners and
the association has a lien right which is not a condominium or cooperative is
regulated by
,Question:
provisions of which Florida statute?
A. 648, F.S.
B. 720, F.S.
C. 721, F.S.
D 735, F.S.
Answer:
B.
A board member of a condominium or cooperative association may not accept anything
of value
providing goods or services to the association for his/her benefit or the benefit
of his/her family
except:
A. for items received at trade fairs or educational programs
B. when fully disclosed to all of the other board members.
C. when received from a vendor who is also a relative.
Question:
D. when the item received has a value of less than $500.00
Answer:
A.
Question:
The document that created an elaborate set of convenants and restrictions that
establish basic
rights and responsibilities of homeowners' assocaition members, residents and
guests is the:
A. Charter
B. Bylaws.
C. Articles.
D. Declaration.
Answer:
D.
, Question:
Florida's Condominium Act and the Not-For-Profit Act require which document to
establish
procedures for carrying out the day-to-day operations of the association?
A. Charter
B. Bylaws.
C. Declaration.
D. Articles.
Answer:
B.
Question:
The Condominium Act specifies that which of the following are reserved for
exclusive use of
certain owners?
A. Common ares.
B. Limited common elements.
C. Recreation areas.
D. Elevators
Answer:
B.
Question:
The community association statute require that each association's governing
documents be
recoreded with which of the following to be effective?
A. The Department of Business and Professional Regulation,
B. The clear of the circuit court.
C. The recording office.
D. The Division of Florida Condominiums, Timeshares and Mobile Homes
Answer:
B.
