Florida CAM Practice Exam: Licensing, Governance, and Financial Management Study Guide 2026

Florida CAM Practice Exam: Licensing, Governance, and Financial Management Study Guide 2026 Purpose of CAM Licensing - Correct Answer The main purpose of requiring CAMs to be licensed is to protect homeowners and ensure qualified management. Required Education Hours - Correct Answer Florida requires 40 hours of DBPR-approved CAM education before you can sit for the exam. Renewal Cycle - Correct Answer CAM licenses must be renewed every 2 years (biennially). Renewal Deadline - Correct Answer Renewal applications must be postmarked on or before September 30 of the renewal year. Expired License - Correct Answer A postmark after October 31 results in the license being deemed expired. Licensing Authority - Correct Answer The Department of Business and Professional Regulation (DBPR) oversees CAM licensing and enforcement. Services Requiring a CAM License - Correct Answer Performing duties such as preparing budgets, supervising maintenance, or disbursing funds of an association for compensation requires licensure. Governing Law for CAMs - Correct Answer CAM licensing is governed by Florida Statutes Chapter 468, Part VIII. Condominium Statute - Correct Answer FS 718 is the Florida Condominium Act.