FLORIDA COMMUNITY CAM LICENSE EXAM Questions With Correct Answers

Florida Condominium Law is contained in which Chapter of the Florida Statutes? - Answer 718 Minutes of meeting of the BOD must be maintained for: - Answer 7 years Emergency powers of a condominium board, if a state of emergency has been declared, include: - Answer Borrow money and pledge association assets as collateral to fund emergency repairs A condominium association files a lien for unpaid assessments against one of its unit owners, the lien is effective for: - Answer One year after claim of lien was recorded With respect to a condominium association, which of the following statements is true: - Answer The declaration may provided that certain limited common elements shall be maintained by those entitled to use the limited common elements. Notice of the Association annual meeting must contain: - Answer Purpose of the meeting, place, date and time A co-op association's reserves do not generally include an amount for: - Answer Flood insurance premiums of $13,000 Condominium owners own the condominium parcel and what type of interest in the common elements? - Answer Undivided A claim of lien against a condominium parcel must include: - Answer The due date, the name of unit owners, the amount due What designates the person who will direct votes for the owners of a corporately owned condominium unit? - Answer A voting certificate The least used entity of association management is: - Answer Self-Management Condominium unit owners, other than the developer, are entitled to elect not less than a majority of the board when? - Answer Three years after 50% of the units have been conveyed to the owners Certain disputes between a condominium owner and the association require arbitration as the first remedy; a dispute not requiring arbitration is one pertaining to: - Answer Fees and assessments