Florida CAM License Exam Questions | Questions with
100% Correct Answers//ALREADY GRADED A+
A Community Association is generally defined as real or personal property, owned
by two or more entities, which share the responsibility for the costs of
maintenance and administration - (answer)True
Purchasers of a timeshare plan have a ten day contract rescission period in which
to cancel the purchase - (answer)True
The Florida Fair Housing Act prohibits discrimination on the basis of handicap -
(answer)True
EducationBusiness education prepares students for leadership and management roles in various industries. It focuses on critical thinking, decision-making, problem-solving, and understanding organizational processes. A
typical business program might cover topics like accounting
A valid Declaration of Condominium must contain easements for ingress and
egress to all units and the common elements - (answer)True
Compliance with the Construction Lien Law is very technical and can have an
impact on title to property. Therefore the board should always consult with the
manager regarding lien issues - (answer)False. The board should consult an
attorney.
Corporate Charter - (answer)Articles of Incorporation are also known as the
Establishes the power and authority of the community Association
Establishes the corporate entity that is responsible for management, maintenance
and operation of the community association
, Is based in corporate law - (answer)Articles of Incorporation ( Corporate Charter)
Florida Not for Profit Corporate Act - (answer)FS 617
Florida Corporate Act - (answer)FS 607
EducationBusiness education prepares students for leadership and management roles in various industries. It focuses on critical thinking, decision-making, problem-solving, and understanding organizational processes. A
typical business program might cover topics like accounting
Conducting business and Community Association affairs
Operating and managing the association property and assets
Suing and defending against actions
Lending money for association purposes
Acquiring Property
Entering into contracts and purchasing items that are required for operations and
maintenance
Incurring liabilities
Borrowing funds
Mortgaging community association properties - (answer)Powers that are granted
in FS 617
Condominium Act - (answer)FS 718
Form of joint ownership of real property that comprises:
Exclusive ownership of each unit
, Joint undivided share of common elements
Required membership in the community association - (answer)What is a
condominium?
EducationBusiness education prepares students for leadership and management roles in various industries. It focuses on critical thinking, decision-making, problem-solving, and understanding organizational processes. A
typical business program might cover topics like accounting
Cooperative Act - (answer)FS 719
Mandatory Homeowner's Association - (answer)FS 720
Mandatory contents of a declaration ( condos) - (answer)FS 718.104
Definitions of the corporate entity, powers of association, easements, rights of
access to unit, insurance, official records of the association, community directory,
financial reporting requirements, purchase of units, purchase of land and
recreation leases, operations of condominiums created prior to January 1, 1977,
commingling - (answer)FS 718.111
FS 718.1124 - (answer)Definitions of required contents of bylaws, including
administration, notice requirements, quorum, proxies, voting requirements,
elections, electronic voting, candidate eligibility, director certificate/education
requirements, recalls, arbitration, timeshare condominium exceptions, board and
member meetings, Annual budget requirements, assessments, amendment of
bylaws, transfer fees, director and officer delinquencies and offenses, common
elements ( limited power to convey to a condemning authority)
, FS 718.113 - (answer)Maintenance requirements, display of flags and religious
decorations, hurricane shutters, and other types of code-complaint hurricane
protection
EducationBusiness education prepares students for leadership and management roles in various industries. It focuses on critical thinking, decision-making, problem-solving, and understanding organizational processes. A
typical business program might cover topics like accounting
FS 718.114 - (answer)Association powers, acquisition of leasehold memberships
and other possessory or use interests
FS 718.115 - (answer)Common Expenses and common surplus, expense and
credits for hurricane protection, communication expenses
FS 718.116 - (answer)Liability for not paying common expenses, including the
right to assess interest, lien, foreclose, and collect rents from delinquent
members etc., liability of first mortgage holder, liability of previous owners
FS 718.303 - (answer)Provides that if a member is more than 90 days delinquent
or has failed to comply with his or her monetary obligation that is due to the
community association, or has failed to comply with the documents or reasonable
rules, the right to use common elements can be suspended. Provides fining
authority and procedures.
The pH of the pool water must be maintained at: - (answer)7.2-7.8
Condominium and Cooperative Associations pay an annual fee of $ per
residential unity, per to the DFCTSMH Trust Fund - (answer)$4.00/ Year
100% Correct Answers//ALREADY GRADED A+
A Community Association is generally defined as real or personal property, owned
by two or more entities, which share the responsibility for the costs of
maintenance and administration - (answer)True
Purchasers of a timeshare plan have a ten day contract rescission period in which
to cancel the purchase - (answer)True
The Florida Fair Housing Act prohibits discrimination on the basis of handicap -
(answer)True
EducationBusiness education prepares students for leadership and management roles in various industries. It focuses on critical thinking, decision-making, problem-solving, and understanding organizational processes. A
typical business program might cover topics like accounting
A valid Declaration of Condominium must contain easements for ingress and
egress to all units and the common elements - (answer)True
Compliance with the Construction Lien Law is very technical and can have an
impact on title to property. Therefore the board should always consult with the
manager regarding lien issues - (answer)False. The board should consult an
attorney.
Corporate Charter - (answer)Articles of Incorporation are also known as the
Establishes the power and authority of the community Association
Establishes the corporate entity that is responsible for management, maintenance
and operation of the community association
, Is based in corporate law - (answer)Articles of Incorporation ( Corporate Charter)
Florida Not for Profit Corporate Act - (answer)FS 617
Florida Corporate Act - (answer)FS 607
EducationBusiness education prepares students for leadership and management roles in various industries. It focuses on critical thinking, decision-making, problem-solving, and understanding organizational processes. A
typical business program might cover topics like accounting
Conducting business and Community Association affairs
Operating and managing the association property and assets
Suing and defending against actions
Lending money for association purposes
Acquiring Property
Entering into contracts and purchasing items that are required for operations and
maintenance
Incurring liabilities
Borrowing funds
Mortgaging community association properties - (answer)Powers that are granted
in FS 617
Condominium Act - (answer)FS 718
Form of joint ownership of real property that comprises:
Exclusive ownership of each unit
, Joint undivided share of common elements
Required membership in the community association - (answer)What is a
condominium?
EducationBusiness education prepares students for leadership and management roles in various industries. It focuses on critical thinking, decision-making, problem-solving, and understanding organizational processes. A
typical business program might cover topics like accounting
Cooperative Act - (answer)FS 719
Mandatory Homeowner's Association - (answer)FS 720
Mandatory contents of a declaration ( condos) - (answer)FS 718.104
Definitions of the corporate entity, powers of association, easements, rights of
access to unit, insurance, official records of the association, community directory,
financial reporting requirements, purchase of units, purchase of land and
recreation leases, operations of condominiums created prior to January 1, 1977,
commingling - (answer)FS 718.111
FS 718.1124 - (answer)Definitions of required contents of bylaws, including
administration, notice requirements, quorum, proxies, voting requirements,
elections, electronic voting, candidate eligibility, director certificate/education
requirements, recalls, arbitration, timeshare condominium exceptions, board and
member meetings, Annual budget requirements, assessments, amendment of
bylaws, transfer fees, director and officer delinquencies and offenses, common
elements ( limited power to convey to a condemning authority)
, FS 718.113 - (answer)Maintenance requirements, display of flags and religious
decorations, hurricane shutters, and other types of code-complaint hurricane
protection
EducationBusiness education prepares students for leadership and management roles in various industries. It focuses on critical thinking, decision-making, problem-solving, and understanding organizational processes. A
typical business program might cover topics like accounting
FS 718.114 - (answer)Association powers, acquisition of leasehold memberships
and other possessory or use interests
FS 718.115 - (answer)Common Expenses and common surplus, expense and
credits for hurricane protection, communication expenses
FS 718.116 - (answer)Liability for not paying common expenses, including the
right to assess interest, lien, foreclose, and collect rents from delinquent
members etc., liability of first mortgage holder, liability of previous owners
FS 718.303 - (answer)Provides that if a member is more than 90 days delinquent
or has failed to comply with his or her monetary obligation that is due to the
community association, or has failed to comply with the documents or reasonable
rules, the right to use common elements can be suspended. Provides fining
authority and procedures.
The pH of the pool water must be maintained at: - (answer)7.2-7.8
Condominium and Cooperative Associations pay an annual fee of $ per
residential unity, per to the DFCTSMH Trust Fund - (answer)$4.00/ Year
