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FLORIDA COMMUNITY ASSOCIATION MANAGER (CAM) LICENSING EXAM QUESTION MCQ BANK WITH ANSWERS & RATIONALES

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Conquer the most challenging portion of your state exam with this targeted Florida Community Association Manager (CAM) Math and Financial Blueprint. This specialized study guide focuses heavily on complex financial calculations, assessment allocations, reserve funding formulas, and statutory accounting methods mandated by the Florida DBPR. It features step-by-step mathematical breakdowns, real exam-style practice questions, and a comprehensive master matrix of mandatory legal timelines from Florida Statutes Chapters 718, 719, and 720. Ideal for candidates looking to eliminate guesswork on budgeting questions, insurance requirements, and contract bidding math to secure their professional license on the first attempt.

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FLORIDA COMMUNITY ASSOCIATION MANAGER
(CAM) LICENSING EXAM QUESTION MCQ BANK WITH
ANSWERS & RATIONALES




TABLE OF CONTENTS

Section Topic Questions

1 Exam Structure & Licensing Requirements 1–25

2 Florida Statutes Overview (Ch. 468, 617, 718, 719, 720, 721) 26–60

3 Condominium Law (Chapter 718) 61–85

4 Homeowners' Association Law (Chapter 720) 86–110

5 Cooperative Law (Chapter 719) & Timeshare (Chapter 721) 111–130

6 Official Records & Member Access 131–150

7 Elections, Meetings & Voting Procedures 151–170

8 Financial Management, Budgeting & Insurance 171–185

9 CAM Ethics, Professional Standards & Continuing Education 186–200

,SECTION 1 – EXAM STRUCTURE & LICENSING
REQUIREMENTS



Question 1
How many questions are on the Florida Community Association Manager (CAM)
licensing exam?

A) 50
B) 75
C) 100
D) 150

Answer: C) 100
Rationale: The Florida CAM exam consists of 100 multiple-choice questions administered
by the Department of Business and Professional Regulation (DBPR). The exam is timed
and requires a passing score to obtain licensure .




Question 2
What is the minimum passing score required on the Florida CAM exam?

A) 65%
B) 70%
C) 75%
D) 80%

,Answer: C) 75%
Rationale: Candidates must achieve a score of 75% or higher to pass the Florida CAM
licensing examination. This means correctly answering at least 75 of the 100 questions .




Question 3
What are the five content areas tested on the Florida CAM exam and their approximate
percentages?

A) Law 20%, Procedure 25%, Budget 25%, Insurance 12%, Management/Maintenance
18%
B) Law 30%, Finance 20%, Operations 20%, Insurance 15%, Ethics 15%
C) Law 15%, Budget 30%, Maintenance 25%, Insurance 20%, Governance 10%
D) Law 25%, Accounting 25%, Maintenance 20%, Insurance 15%, Ethics 15%

Answer: A) Law 20%, Procedure 25%, Budget 25%, Insurance 12%,
Management/Maintenance 18%
Rationale: According to the DBPR exam structure, the CAM exam is divided into these five
content areas with the specified percentages. The largest sections are Procedure and
Budget, each at 25% .




Question 4
Which Florida Statute Chapter governs Community Association Management (CAM)
licensing?

A) Chapter 718
B) Chapter 720
C) Chapter 468, Part VIII
D) Chapter 617

Answer: C) Chapter 468, Part VIII
Rationale: Chapter 468, Part VIII of the Florida Statutes is the Community Association
Management Law, which establishes licensing requirements, qualifications, and regulatory
authority for CAMs. Chapters 718, 719, 720, and 721 govern specific types of associations .

, Question 5
Who appoints the members of the Regulatory Council of Condominium Managers?

A) The Florida Senate
B) The Governor of the State of Florida
C) The DBPR Secretary
D) The Florida House of Representatives

Answer: B) The Governor of the State of Florida
Rationale: The Regulatory Council of Condominium Managers consists of seven members
appointed by the Governor of Florida. This council advises the DBPR on matters related to
community association management .




Question 6
Which DBPR division is responsible for enforcing and ensuring compliance with
community association laws?

A) Division of Real Estate
B) Division of Florida Condominiums, Timeshares, and Mobile Homes
C) Division of Corporations
D) Division of Professional Regulation

Answer: B) Division of Florida Condominiums, Timeshares, and Mobile Homes
Rationale: This division within the DBPR is responsible for enforcing and ensuring
compliance with provisions of the Condominium Act, Cooperative Act, and related
community association laws .




Question 7

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