EXAM PREP THE ULTIMATE COMPREHENSIVE TEST BANK – 200
REALISTIC PRACTICE QUESTIONS WITH VERIFIED ANSWERS, DETAILED
RATIONALES, AND COMPLETE COVERAGE OF ALL STATUTORY TOPICS
(CHAPTERS 468, 617, 718, 719, 720, 721, 723, FEDERAL FAIR HOUSING
ACT, ADA, BUDGETING, INSURANCE, PROCEDURES, AND
MANAGEMENT SKILLS) – ALREADY GRADED A+
1. The Florida Fair Housing Act prohibits discrimination on the basis of
which of the following?
A. Age
B. Handicap
C. Marital status
D. Sexual orientation
Correct Answer: B. The Florida Fair Housing Act prohibits discrimination
on the basis of handicap, among other protected classes.
2. A community association manager applicant must be at least what
age to be eligible for licensure?
A. 21 years old
B. 18 years old
C. 25 years old
D. No minimum age requirement
Correct Answer: B. Applicants must be at least 18 years of age to apply
for a CAM license.
3. Which document establishes the basic structure and areas of
responsibility of a condominium association?
A. Rules and Regulations
,B. Policies and Procedures
C. Articles of Incorporation
D. Bylaws
Correct Answer: C. The Articles of Incorporation establish the basic
structure and areas of responsibility of a condominium association.
4. Rules adopted by the Division of Florida Condominium, Time
Shares, and Mobile Homes are incorporated into which of the
following?
A. Chapter 723 F.S.
B. Chapter 718 F.S.
C. Chapter 719 F.S.
D. The Administrative Code
Correct Answer: D. Rules adopted by the Division are incorporated into
the Florida Administrative Code.
5. In a mandatory homeowners' association, the board must provide
members notice of a board meeting at least how many hours in
advance?
A. 20 days
B. 48 hours
C. 5 days
D. 4 days
Correct Answer: B. Board meetings require a 48-hour posted notice.
6. Which Florida statute governs homeowners' associations?
A. Chapter 718
B. Chapter 719
C. Chapter 720
,D. Chapter 721
Correct Answer: C. Chapter 720 is the Homeowners' Association Act.
7. The statutory language that allows a unit owner to attend a
community association board meeting is referred to as the:
A. Right of access to meetings
B. Covenants
C. Free speech
D. Open meeting provisions
Correct Answer: D. Open meeting provisions allow unit owners to
attend board and committee meetings.
8. Which Florida statute establishes the licensing requirements for
community association managers?
A. Chapter 468, Part VIII
B. Chapter 617
C. Chapter 718
D. Chapter 720
Correct Answer: A. Chapter 468, Part VIII is the Community Association
Management (CAM) Law.
9. What is the minimum number of directors a condominium board
must have when the governing documents are silent on the number?
A. 5
B. 3
C. 1
D. 7
Correct Answer: A. When documents are silent, the minimum number
of directors is 5.
, 10. The authority that makes it unlawful to discriminate in the sale or
rental of a residence because of race, color, national origin, sex,
handicap, religion, or familial status is the:
A. Equal Opportunity Act
B. Real Estate Sales Act
C. Fair Housing Act
D. Florida Human Relations Act
Correct Answer: C. The Fair Housing Act prohibits discrimination based
on these protected classes.
11. A mandatory homeowners' association with an annual budget
exceeding what amount requires a licensed manager?
A. $50,000
B. $75,000
C. $100,000
D. $125,000
Correct Answer: C. A license is required when managing a residential
community with an annual budget exceeding $100,000.
12. Which Florida statute governs cooperatives?
A. Chapter 718
B. Chapter 719
C. Chapter 720
D. Chapter 721
Correct Answer: B. Chapter 719 is the Florida Cooperative Act.
13. If a condominium board fails to provide records to an owner
within 10 business days of a written request, what are the minimum
damages that may be imposed?
A. A fine of $5,000