CAM Community Association Manager
License - Florida
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Terms in this set (100) Hide definitions
A condominium's accounting records 2028
created in 2021 must be maintained
until at least...
The budget of the Division of Fees, fines, penalties and court costs.
Condominiums, Timeshares and
Mobile homes is partly funded by
A community association formed as a required to file an annual income tax return.
not-for-prot corporation is
,Joint ownership of common mandatory membership in the condominium
elements, exclusive ownership of a association
single unit and ________________, are parts
of the condominium concept.
The scope of authority of the board annual meeting minutes
of directors is NOT specically
provided in the
What is the possible action the may be ned and charged criminally.
Department of Business and
Professional Regulations could take
if a board director knowingly
violated the Condominium or
Cooperative Acts? The director
So long as a manager keeps two different condominiums operated by one
separate accounting records, they association.
may lawfully commingle the funds
for
What is the correct terminology for deductible
the dollar amount an association or
unit owner must pay before the
insurance policy will cover for
damages?
A restaurant located in a ensure that the restaurant space complies with all
condominium building is part of the requirements of the Act.
common elements, and is leased to a
restaurateur. To comply with the
Americans with Disabilities Act
(ADA), the association must
, The formal components of the Florida Statutes.
cooperative documents do NOT
include
Transfer of the control of the when no units are being offered for sale in the
association of a cooperative ordinary course of business
apartment building from the
developer to the owners takes place
What is the maximum number of 8
consecutive years a condominium
board member may serve on the
board, unless approved the
membership?
A condominium unit owner received not agree with the fine, the fine cannot be levied.
notice of the board's intent to levy a
ne for a violation. If the ne
committee does
What is the mandatory minimum 5
number of directors in a 75-unit
condominium if nothing is provided
in the bylaws?
License - Florida
Save
Terms in this set (100) Hide definitions
A condominium's accounting records 2028
created in 2021 must be maintained
until at least...
The budget of the Division of Fees, fines, penalties and court costs.
Condominiums, Timeshares and
Mobile homes is partly funded by
A community association formed as a required to file an annual income tax return.
not-for-prot corporation is
,Joint ownership of common mandatory membership in the condominium
elements, exclusive ownership of a association
single unit and ________________, are parts
of the condominium concept.
The scope of authority of the board annual meeting minutes
of directors is NOT specically
provided in the
What is the possible action the may be ned and charged criminally.
Department of Business and
Professional Regulations could take
if a board director knowingly
violated the Condominium or
Cooperative Acts? The director
So long as a manager keeps two different condominiums operated by one
separate accounting records, they association.
may lawfully commingle the funds
for
What is the correct terminology for deductible
the dollar amount an association or
unit owner must pay before the
insurance policy will cover for
damages?
A restaurant located in a ensure that the restaurant space complies with all
condominium building is part of the requirements of the Act.
common elements, and is leased to a
restaurateur. To comply with the
Americans with Disabilities Act
(ADA), the association must
, The formal components of the Florida Statutes.
cooperative documents do NOT
include
Transfer of the control of the when no units are being offered for sale in the
association of a cooperative ordinary course of business
apartment building from the
developer to the owners takes place
What is the maximum number of 8
consecutive years a condominium
board member may serve on the
board, unless approved the
membership?
A condominium unit owner received not agree with the fine, the fine cannot be levied.
notice of the board's intent to levy a
ne for a violation. If the ne
committee does
What is the mandatory minimum 5
number of directors in a 75-unit
condominium if nothing is provided
in the bylaws?
