FL CAM EXAM AND PRACTICE EXAM NEWEST 2026 TEST BANK FLORIDA
COMMUNITY ASSOCIATION MANAGER PRE-LICENSING EXAM PREP WITH
COMPLETE 400 REAL EXAM QUESTIONS AND CORRECT VERIFIED
130 QUESTIONS
TABLE OF CONTENTS
# TOPIC
1 Interpret and apply Florida statutes and administrative rules governing community associations
2 Analyze financial statements, reserve studies, and budgeting requirements for associations
3 Evaluate governance, meeting procedures, and election processes under Florida law
4 Assess risk management, insurance, and maintenance obligations
5 Apply ethical standards and fiduciary duties in management scenarios
6 FL CAM EXAM AND PRACTICE EXAM NEWEST 2026 TEST BANK FLORIDA COMMUNITY
ASSOCIATION MANAGER PRE
7 LICENSING EXAM PREP WITH COMPLETE 400 REAL EXAM QUESTIONS AND CORRECT VERIFIED
ANSWERS
8 ALREADY GRADED A+
9 MOST RECENT!!
10 Foundations of Florida Community Association Management (CAM) Pre-Licensing
11 Applied Florida Community Association Management (CAM) Pre-Licensing
12 Advanced Florida Community Association Management (CAM) Pre-Licensing
13 Florida Community Association Management (CAM) Pre-Licensing Review
ABSTRACT
Page 1
,This study document brings together 130 carefully worded exam questions drawn from FL CAM
EXAM AND PRACTICE EXAM NEWEST 2026 TEST BANK FLORIDA COMMUNITY
ASSOCIATION MANAGER PRE-LICENSING EXAM PREP WITH COMPLETE 400 REAL EXAM
QUESTIONS AND CORRECT VERIFIED ANSWERS/ ALREADY GRADED A+ (MOST
RECENT!!), with the strongest emphasis placed on Interpret and apply Florida statutes and
administrative rules governing community associations, Analyze financial statements, reserve
studies, and budgeting requirements for associations, Evaluate governance, meeting procedures
and and election processes under Florida law. Every item follows the wording style and level of
reasoning you meet in the real paper, and each one is paired with a clear rationale so the correct
choice is never a guess. Work through the set at your own pace, mark the questions that slow you
down, then come back to them until the reasoning feels automatic. Learners who revise this way
walk into the exam room recognising the pattern behind the questions instead of meeting them for
the first time. Keep going - steady, honest practice is what turns a difficult paper into a comfortable
pass.
Q1 INTERPRET AND APPLY FLORIDA STATUTES AND ADMINISTRATIVE RULES GOVERNING
COMMUNITY ASSOCIATIONS
A condominium association's board is considering a special assessment to fund a
major concrete restoration. The declaration requires that special assessments
exceeding 10% of the annual budget be approved by the unit owners. The board
proposes the assessment. Which approval threshold applies?
A. Majority of all unit owners
B. Two-thirds of all unit owners CORRECT
C. Majority of unit owners present at a meeting
D. Board approval only, if the assessment is deemed an emergency
RATIONALE: Under Florida Statutes 718.116, special assessments exceeding 10% of the annual
budget require approval by at least 75% of all voting interests unless the declaration specifies a
higher threshold. Two-thirds is not correct; the statutory default is 75%, and a simple majority is
insufficient. Board-only approval is reserved for emergencies as defined by statute.
Page 2
,Q2 INTERPRET AND APPLY FLORIDA STATUTES AND ADMINISTRATIVE RULES GOVERNING
COMMUNITY ASSOCIATIONS
A homeowners' association (HOA) is governed by a declaration that does not
contain a provision addressing the display of political signs. The board adopts a
rule prohibiting all political signs. Which legal principle applies?
A. The rule is valid because the board has broad rule-making authority.
B. The rule is invalid because it conflicts with Florida Statutes 720.304, which protects
homeowners' rights to display political signs. CORRECT
C. The rule is valid if it is reasonable and applied uniformly.
D. The rule is invalid because it violates the First Amendment rights of homeowners.
RATIONALE: Florida Statutes 720.304 specifically grants homeowners the right to display
political signs in their yards, and this right cannot be abridged by association rules unless the
declaration or statutes provide otherwise. The board's rule conflicts with this statute and is
therefore invalid. Reasonableness and uniformity do not override statutory protections. While
First Amendment principles are relevant, the specific statutory protection is the direct basis.
Q3 INTERPRET AND APPLY FLORIDA STATUTES AND ADMINISTRATIVE RULES GOVERNING
COMMUNITY ASSOCIATIONS
A condominium association's board is preparing the annual budget. The reserve
account is underfunded. According to Florida Statutes 718.112, which of the
following is mandatory for the budget?
A. Full funding of reserves is required every year.
B. The budget must include a reserve schedule for at least 30 years.
C. The budget must include a statement that reserves are underfunded, and the association
must fund at least 50% of the estimated remaining economic life costs.
D. The budget may waive reserves entirely if 75% of unit owners vote to do so, but the budget
must still include a reserve line item. CORRECT
RATIONALE: Under 718.112, the association must include reserves in the budget, but the
membership can vote to waive or reduce reserves, including for specific items, by a majority vote
unless the declaration requires a higher percentage. The budget must still show the reserve line
items even if waived. Full funding is not mandatory; the waiver provision exists. A 30-year
schedule is not required; the statute specifies components and useful life determination.
Page 3
, Q4 INTERPRET AND APPLY FLORIDA STATUTES AND ADMINISTRATIVE RULES GOVERNING
COMMUNITY ASSOCIATIONS
A community association manager (CAM) is handling a dispute between two unit
owners. One owner has filed a complaint with the Florida DBPR alleging the CAM
violated fiduciary duties. Which of the following actions by the CAM would
constitute a breach of fiduciary duty?
A. The CAM discloses confidential financial information to a board member who is not on the
finance committee.
B. The CAM hires a vendor who is the CAM's brother-in-law without disclosing the relationship
and at a higher-than-market price. CORRECT
C. The CAM fails to attend a board meeting due to a family emergency.
D. The CAM provides a recommendation for a vendor based on past performance, even though
a lower bid exists.
RATIONALE: A CAM has a fiduciary duty to act in the best interest of the association. Hiring a
relative without disclosure and at a higher price is a clear conflict of interest and breach of
fiduciary duty. Disclosing confidential information to a board member may be improper but is not
as clearly a fiduciary breach as self-dealing. Missing a meeting for emergency is not a breach.
Recommending a vendor based on performance is acceptable business judgment.
Q5 INTERPRET AND APPLY FLORIDA STATUTES AND ADMINISTRATIVE RULES GOVERNING
COMMUNITY ASSOCIATIONS
A condominium association is holding its annual election of board members. The
election is contested. According to Florida Statutes 718.112, which of the following
is required?
A. The election must be conducted by an independent third party.
B. The association must use a secret ballot and provide reasonable notice to all unit owners.
CORRECT
C. The election may be conducted by voice vote if the board unanimously agrees.
D. The association must allow cumulative voting.
RATIONALE: Florida Statutes 718.112(2)(d) requires that elections be conducted by secret ballot
in contested elections, with reasonable notice given to unit owners. Independent third-party
administration is not mandatory; the association can conduct the election. Voice vote is not
permitted in contested elections. Cumulative voting is not required; it is optional unless provided
in the declaration.
Page 4
COMMUNITY ASSOCIATION MANAGER PRE-LICENSING EXAM PREP WITH
COMPLETE 400 REAL EXAM QUESTIONS AND CORRECT VERIFIED
130 QUESTIONS
TABLE OF CONTENTS
# TOPIC
1 Interpret and apply Florida statutes and administrative rules governing community associations
2 Analyze financial statements, reserve studies, and budgeting requirements for associations
3 Evaluate governance, meeting procedures, and election processes under Florida law
4 Assess risk management, insurance, and maintenance obligations
5 Apply ethical standards and fiduciary duties in management scenarios
6 FL CAM EXAM AND PRACTICE EXAM NEWEST 2026 TEST BANK FLORIDA COMMUNITY
ASSOCIATION MANAGER PRE
7 LICENSING EXAM PREP WITH COMPLETE 400 REAL EXAM QUESTIONS AND CORRECT VERIFIED
ANSWERS
8 ALREADY GRADED A+
9 MOST RECENT!!
10 Foundations of Florida Community Association Management (CAM) Pre-Licensing
11 Applied Florida Community Association Management (CAM) Pre-Licensing
12 Advanced Florida Community Association Management (CAM) Pre-Licensing
13 Florida Community Association Management (CAM) Pre-Licensing Review
ABSTRACT
Page 1
,This study document brings together 130 carefully worded exam questions drawn from FL CAM
EXAM AND PRACTICE EXAM NEWEST 2026 TEST BANK FLORIDA COMMUNITY
ASSOCIATION MANAGER PRE-LICENSING EXAM PREP WITH COMPLETE 400 REAL EXAM
QUESTIONS AND CORRECT VERIFIED ANSWERS/ ALREADY GRADED A+ (MOST
RECENT!!), with the strongest emphasis placed on Interpret and apply Florida statutes and
administrative rules governing community associations, Analyze financial statements, reserve
studies, and budgeting requirements for associations, Evaluate governance, meeting procedures
and and election processes under Florida law. Every item follows the wording style and level of
reasoning you meet in the real paper, and each one is paired with a clear rationale so the correct
choice is never a guess. Work through the set at your own pace, mark the questions that slow you
down, then come back to them until the reasoning feels automatic. Learners who revise this way
walk into the exam room recognising the pattern behind the questions instead of meeting them for
the first time. Keep going - steady, honest practice is what turns a difficult paper into a comfortable
pass.
Q1 INTERPRET AND APPLY FLORIDA STATUTES AND ADMINISTRATIVE RULES GOVERNING
COMMUNITY ASSOCIATIONS
A condominium association's board is considering a special assessment to fund a
major concrete restoration. The declaration requires that special assessments
exceeding 10% of the annual budget be approved by the unit owners. The board
proposes the assessment. Which approval threshold applies?
A. Majority of all unit owners
B. Two-thirds of all unit owners CORRECT
C. Majority of unit owners present at a meeting
D. Board approval only, if the assessment is deemed an emergency
RATIONALE: Under Florida Statutes 718.116, special assessments exceeding 10% of the annual
budget require approval by at least 75% of all voting interests unless the declaration specifies a
higher threshold. Two-thirds is not correct; the statutory default is 75%, and a simple majority is
insufficient. Board-only approval is reserved for emergencies as defined by statute.
Page 2
,Q2 INTERPRET AND APPLY FLORIDA STATUTES AND ADMINISTRATIVE RULES GOVERNING
COMMUNITY ASSOCIATIONS
A homeowners' association (HOA) is governed by a declaration that does not
contain a provision addressing the display of political signs. The board adopts a
rule prohibiting all political signs. Which legal principle applies?
A. The rule is valid because the board has broad rule-making authority.
B. The rule is invalid because it conflicts with Florida Statutes 720.304, which protects
homeowners' rights to display political signs. CORRECT
C. The rule is valid if it is reasonable and applied uniformly.
D. The rule is invalid because it violates the First Amendment rights of homeowners.
RATIONALE: Florida Statutes 720.304 specifically grants homeowners the right to display
political signs in their yards, and this right cannot be abridged by association rules unless the
declaration or statutes provide otherwise. The board's rule conflicts with this statute and is
therefore invalid. Reasonableness and uniformity do not override statutory protections. While
First Amendment principles are relevant, the specific statutory protection is the direct basis.
Q3 INTERPRET AND APPLY FLORIDA STATUTES AND ADMINISTRATIVE RULES GOVERNING
COMMUNITY ASSOCIATIONS
A condominium association's board is preparing the annual budget. The reserve
account is underfunded. According to Florida Statutes 718.112, which of the
following is mandatory for the budget?
A. Full funding of reserves is required every year.
B. The budget must include a reserve schedule for at least 30 years.
C. The budget must include a statement that reserves are underfunded, and the association
must fund at least 50% of the estimated remaining economic life costs.
D. The budget may waive reserves entirely if 75% of unit owners vote to do so, but the budget
must still include a reserve line item. CORRECT
RATIONALE: Under 718.112, the association must include reserves in the budget, but the
membership can vote to waive or reduce reserves, including for specific items, by a majority vote
unless the declaration requires a higher percentage. The budget must still show the reserve line
items even if waived. Full funding is not mandatory; the waiver provision exists. A 30-year
schedule is not required; the statute specifies components and useful life determination.
Page 3
, Q4 INTERPRET AND APPLY FLORIDA STATUTES AND ADMINISTRATIVE RULES GOVERNING
COMMUNITY ASSOCIATIONS
A community association manager (CAM) is handling a dispute between two unit
owners. One owner has filed a complaint with the Florida DBPR alleging the CAM
violated fiduciary duties. Which of the following actions by the CAM would
constitute a breach of fiduciary duty?
A. The CAM discloses confidential financial information to a board member who is not on the
finance committee.
B. The CAM hires a vendor who is the CAM's brother-in-law without disclosing the relationship
and at a higher-than-market price. CORRECT
C. The CAM fails to attend a board meeting due to a family emergency.
D. The CAM provides a recommendation for a vendor based on past performance, even though
a lower bid exists.
RATIONALE: A CAM has a fiduciary duty to act in the best interest of the association. Hiring a
relative without disclosure and at a higher price is a clear conflict of interest and breach of
fiduciary duty. Disclosing confidential information to a board member may be improper but is not
as clearly a fiduciary breach as self-dealing. Missing a meeting for emergency is not a breach.
Recommending a vendor based on performance is acceptable business judgment.
Q5 INTERPRET AND APPLY FLORIDA STATUTES AND ADMINISTRATIVE RULES GOVERNING
COMMUNITY ASSOCIATIONS
A condominium association is holding its annual election of board members. The
election is contested. According to Florida Statutes 718.112, which of the following
is required?
A. The election must be conducted by an independent third party.
B. The association must use a secret ballot and provide reasonable notice to all unit owners.
CORRECT
C. The election may be conducted by voice vote if the board unanimously agrees.
D. The association must allow cumulative voting.
RATIONALE: Florida Statutes 718.112(2)(d) requires that elections be conducted by secret ballot
in contested elections, with reasonable notice given to unit owners. Independent third-party
administration is not mandatory; the association can conduct the election. Voice vote is not
permitted in contested elections. Cumulative voting is not required; it is optional unless provided
in the declaration.
Page 4
