FLORIDA COMMUNITY ASSOCIATION MANAGER (CAM) LICENSING EXAM
PRACTICE EXAM | STUDY GUIDE | TESTBANK | LATEST UPDATE 2026/2027 |
QUESTIONS | 100% CORRECT ANSWERS
Table of Contents
Florida CAM Laws and Rules
Licensing Requirements and Professional Regulation
Community Association Governance
Board Authority and Fiduciary Duties
Meetings, Elections, and Voting
Financial Management and Budgeting
Reserves, Assessments, and Collections
Contracts, Procurement, and Risk Management
Insurance and Records Management
Ethics, Professional Standards, and Regulatory Compliance
Introduction
The Florida Community Association Manager (CAM) Licensing Examination assesses a
candidate's ability to competently manage community associations while complying
with Florida statutes, administrative rules, ethical obligations, and accepted industry
standards. Candidates are expected to apply legal principles, financial management
practices, governance procedures, budgeting techniques, meeting requirements,
contract administration, records management, and professional ethics to realistic
scenarios. This practice examination reflects current licensing expectations and
emphasizes analytical thinking rather than memorization. Many questions require
interpretation of statutes, evaluation of board actions, identification of compliance
deficiencies, and selection of the most appropriate professional response expected
from a licensed Community Association Manager in Florida.
Question 1
,A condominium board directs the CAM to execute a long-term landscaping contract
without a board vote because "everyone already agrees." What is the CAM's most
appropriate response?
A. Execute the contract because the president gave verbal approval.
B. Execute the contract if the contractor offers a discount.
C. Advise the board that formal approval consistent with governing procedures
should occur before execution.
D. Sign the contract as the manager's authority supersedes procedural requirements.
Correct Answer: C
Explanation: A CAM should ensure board actions comply with governing
documents and applicable law. Significant contracts generally require proper board
authorization before execution.
Question 2
Which duty best represents a board member's fiduciary obligation?
A. Maximizing property values regardless of governing documents.
B. Acting in the best interests of the association while exercising due care and loyalty.
C. Following the wishes of the majority of owners regardless of legality.
D. Delegating all decisions to the CAM.
Correct Answer: B
Explanation: Fiduciary duties require directors to act loyally, prudently, and in the
association's best interests while complying with governing documents and
applicable law.
Question 3
,A CAM discovers that an association's financial statements contain a material error
shortly before distribution to owners. What is the best course of action?
A. Distribute them because deadlines take priority.
B. Correct the error and notify the board before distribution.
C. Remove the affected accounts entirely.
D. Wait until next month's statements.
Correct Answer: B
Explanation: Accurate financial reporting is essential. Material errors should be
corrected before official distribution whenever practicable.
Question 4
Which action most clearly creates a conflict of interest for a CAM?
A. Recommending three qualified vendors.
B. Accepting a substantial undisclosed commission from a contractor selected by the
association.
C. Preparing meeting agendas.
D. Maintaining official records.
Correct Answer: B
Explanation: Undisclosed financial benefits from vendors compromise professional
independence and violate ethical standards.
Question 5
When preparing an association budget, reserve funding primarily serves which
purpose?
, A. Reducing annual operating expenses.
B. Funding anticipated major repairs and replacements.
C. Paying delinquent owner balances.
D. Financing recreational events.
Correct Answer: B
Explanation: Reserve funds are established for predictable capital expenditures and
major component replacement.
Question 6
An owner requests access to official association records. The CAM should first:
A. Deny all requests unless litigation is pending.
B. Determine the applicable statutory and governing document requirements for
record inspection.
C. Require unanimous board approval.
D. Refer the owner to another resident.
Correct Answer: B
Explanation: Access to official records is governed by applicable law and governing
documents, and requests should be handled accordingly.
Question 7
The board wishes to enforce a covenant that has not been enforced for many years.
The CAM should first recommend:
A. Immediate fines without notice.
B. Consistent enforcement following applicable procedures and legal guidance.
C. Ignoring past inconsistencies.
D. Automatic suspension of voting rights.
PRACTICE EXAM | STUDY GUIDE | TESTBANK | LATEST UPDATE 2026/2027 |
QUESTIONS | 100% CORRECT ANSWERS
Table of Contents
Florida CAM Laws and Rules
Licensing Requirements and Professional Regulation
Community Association Governance
Board Authority and Fiduciary Duties
Meetings, Elections, and Voting
Financial Management and Budgeting
Reserves, Assessments, and Collections
Contracts, Procurement, and Risk Management
Insurance and Records Management
Ethics, Professional Standards, and Regulatory Compliance
Introduction
The Florida Community Association Manager (CAM) Licensing Examination assesses a
candidate's ability to competently manage community associations while complying
with Florida statutes, administrative rules, ethical obligations, and accepted industry
standards. Candidates are expected to apply legal principles, financial management
practices, governance procedures, budgeting techniques, meeting requirements,
contract administration, records management, and professional ethics to realistic
scenarios. This practice examination reflects current licensing expectations and
emphasizes analytical thinking rather than memorization. Many questions require
interpretation of statutes, evaluation of board actions, identification of compliance
deficiencies, and selection of the most appropriate professional response expected
from a licensed Community Association Manager in Florida.
Question 1
,A condominium board directs the CAM to execute a long-term landscaping contract
without a board vote because "everyone already agrees." What is the CAM's most
appropriate response?
A. Execute the contract because the president gave verbal approval.
B. Execute the contract if the contractor offers a discount.
C. Advise the board that formal approval consistent with governing procedures
should occur before execution.
D. Sign the contract as the manager's authority supersedes procedural requirements.
Correct Answer: C
Explanation: A CAM should ensure board actions comply with governing
documents and applicable law. Significant contracts generally require proper board
authorization before execution.
Question 2
Which duty best represents a board member's fiduciary obligation?
A. Maximizing property values regardless of governing documents.
B. Acting in the best interests of the association while exercising due care and loyalty.
C. Following the wishes of the majority of owners regardless of legality.
D. Delegating all decisions to the CAM.
Correct Answer: B
Explanation: Fiduciary duties require directors to act loyally, prudently, and in the
association's best interests while complying with governing documents and
applicable law.
Question 3
,A CAM discovers that an association's financial statements contain a material error
shortly before distribution to owners. What is the best course of action?
A. Distribute them because deadlines take priority.
B. Correct the error and notify the board before distribution.
C. Remove the affected accounts entirely.
D. Wait until next month's statements.
Correct Answer: B
Explanation: Accurate financial reporting is essential. Material errors should be
corrected before official distribution whenever practicable.
Question 4
Which action most clearly creates a conflict of interest for a CAM?
A. Recommending three qualified vendors.
B. Accepting a substantial undisclosed commission from a contractor selected by the
association.
C. Preparing meeting agendas.
D. Maintaining official records.
Correct Answer: B
Explanation: Undisclosed financial benefits from vendors compromise professional
independence and violate ethical standards.
Question 5
When preparing an association budget, reserve funding primarily serves which
purpose?
, A. Reducing annual operating expenses.
B. Funding anticipated major repairs and replacements.
C. Paying delinquent owner balances.
D. Financing recreational events.
Correct Answer: B
Explanation: Reserve funds are established for predictable capital expenditures and
major component replacement.
Question 6
An owner requests access to official association records. The CAM should first:
A. Deny all requests unless litigation is pending.
B. Determine the applicable statutory and governing document requirements for
record inspection.
C. Require unanimous board approval.
D. Refer the owner to another resident.
Correct Answer: B
Explanation: Access to official records is governed by applicable law and governing
documents, and requests should be handled accordingly.
Question 7
The board wishes to enforce a covenant that has not been enforced for many years.
The CAM should first recommend:
A. Immediate fines without notice.
B. Consistent enforcement following applicable procedures and legal guidance.
C. Ignoring past inconsistencies.
D. Automatic suspension of voting rights.
