CAM license Questions and Answers with Complete Solutions

being licensed under part VIII of chapter 468 F.S. means - ANSWER-you are capable of performing community association management (CAM) services specified in the condominium act and reserves these for exclusive use for certain owners - ANSWER-limited common elements property owned by all owners in a condominium - ANSWER-the common elements a maintenance coordinator must... - ANSWER-be licensed as a community association manager and is not exempt the condominium concept is made up of... - ANSWER-operation by the condominium association In order for a board member to be compensated... - ANSWER-they must be licensed as a community association manager cooperative - ANSWER-a type of joint ownership in real estate where legal title is not vested in the individual, but the individual receives the right to occupy a unit time-share property - ANSWER-a type of community association that permits individual units to be owned and occupied by different people during the year appurtenances in a condominium or cooperative include... - ANSWER-use and access to all easements, membership in the association, a assigned percentage of ownership in the common areas and any club membership rights mandatory homeowners association regulated by... - ANSWER-720 F.S. declaration - ANSWER-a collection of documents that creates an elaborate set of covenants and restrictions that establish basic rights and responsibilities of residents and guests Bylaws - ANSWER-required by the condominium act to establish the procedures for carrying out the day-to-day operations of the association