CAM license(3 SETS)
QUIZ: Officers of a community association are usually ANS: Elected by the board of directors QUIZ: Condominiums not operating as public lodging are exempt from the statutory pool supervision requirements if the pool serves ANS: 32 units or less QUIZ: Community Association charges a late fee for delinquent assessments paid after the 10th of the month. What is the maximum late fee that can be charged? ANS: $25 or 5% of the past due amount, which ever is greater QUIZ: Owner J has violated the condominium bylaws. The association has the power to seek enforcement ANS: By action through the Florida circuit court QUIZ: The developer-controlled HOA board did NOT establish reserve accounts. After transition, the newly elected board has recognized the need for reserves funds for long-term maintenance and replacement of roadways, parking areas and swimming pools. Which of the following is CORRECT? ANS: In order to create reserves accounts, a majority of the entire membership must approve specific reserves components and they must be included in next year's budget QUIZ: A board member disagrees with a vote of the board to change a rule. After the final vote, the member makes a motion to modify the rule. Which of the following is TRUE? ANS: The motion is out of order and may be dismissed
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- Uploaded on
- February 12, 2024
- Number of pages
- 39
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- 2023/2024
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- Exam (elaborations)
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- Questions & answers
