FLORIDA PRACTICE CAM Exam 1 questions and answers 2024(graded A+).

The language in the Declaration of Condominium that creates a commitment, restriction, or contract between the association and the unit owners is called Covenants Under Chapter 718.1255, those eligible to petition for arbitration are: An owner of a condominium unit Tom Tucker decides he can manage his association better than the management company and at significantly less cost. The board of directors of the 25 homes comprising the Too Cheap Homeowners' Association decides to hire him and pay him 10% of the $110,000 budget. Which applies? Tom Tucker must have a license pursuant to Chapter 468, Florida Statutes. Safety Harbor Condominium wants to charge non-resident guests a $5 pool pass, valid for one week. Which applies? As long as a non-resident guest fee is authorized in the governing documents, the charge is legal. A 14-day notice of a membership meeting of Valley Crest Condominium was given for the specific purpose of amending the Bylaws. A copy of the proposed changes was attached to the notice. During the meeting, motions were made and seconded that changed the wording of the amendments, a vote was taken, and the changed amendments were approved by 83% of the membership. Which applies? The vote is invalid. Another meeting must be properly noticed with the new changes attached. Joe Blow, an owner at the Windy Hill Condominiums, resides there only three months out of the year. He has given the condominium board proper notice that he intends to run for a position on the board. The board has refused to place his name on the ballot. Which applies? The statutes require the board to place on the ballot the name of any eligible person. The board of directors of Lazy Days Condominium hired a licensed manager. Which of the following applies? The licensed manager may carry out most of the duties of the board. Sea Tern Condominium will be replacing the air conditioning units on the roof at the clubhouse which will cost more than $10,000. The condominium has a line item on its Reserve Schedule for air conditioning replacement. Which applies? The replacement will be paid from the reserve account. If the reserve account is insufficient, a special assessment will be necessary. Sam and Barbara Smith are joint owners of a unit at the Pine Meadows Condominium. They submit a Voting Certificate to the association secretary naming Sam Smith as the designated voter for the unit. Which statement is incorrect? Barbara Smith may vote only if her husband is not present at the meeting. The Condominium Act requires who to pay for the licensed manager's fidelity bond premium? The association pays the premium for the licensed manager's fidelity bond. Upon approval by the membership of an Amendment to the Declaration of Condominium, what other action, if any, must be taken? A proper Certificate of Amendment must be recorded with the Clerk of the Circuit Court in the county where the condominium property is located. Which of the following is not covered by the association's liability insurance? Damage caused to a carport support that was hit by a lawn mower driven by an association maintenance employee. If a condominium board considers renting the clubhouse banquet room to a resident for a private birthday party for a fee of $100 plus a refundable cleanup/damage fee of $50, which applies? The board may charge both fees for the exclusive use of the banquet room if the exclusive use is allowed in the community documents. The primary purpose of the community association is to: Provide for the maintenance of the common property and enforcement of the covenants. The Small Dog Condominium allows an owner two pets, dogs or cats provided neither is more than 25 pounds each. A unit owner moves in with one 30-pound dog and one 10-pound cat. The manager challenges him with the legality of the dog and the owner asserts the combined weight of both animals is less than 50 pounds and both are house pets. What action should the manager take? Provide written notice to the unit owner that the dog is not allowed and state the number of days/weeks the owner has to comply with the rules. During a regular board of directors meeting at Quick Draw Condominium, the board considers a complaint from residents about the habitual parking on the grass by Tom Slowwalker. After discussion, a proper motion, and unanimous vote, the board levies a $2,000 fine against Tom Slowwalker. Which is correct? The fine issued by the board is not legal. The laws covering the licensing of community association managers are governed by: Department of Business and Professional Regulation Office equipment from a cooperative association is stolen by juveniles. The insurance coverage they need to cover this loss is? All risk policy without exclusions for theft and vandalism. Each of these reserve items should be included on the Reserve Schedule of the budget except? Contingency funds The Fair Housing Act prohibits discrimination based on familial status. Familial status includes: Families with dependent children under the age of 18 Defiant Doug has ignored verbal and written warnings by the management company of his fence violation. What options does the management company or the board of directors have against Defiant Doug? Seek enforcement in the Circuit Court The National Flood Insurance Program is managed by the Federal Emergency Management Agency. Which applies? I. Local governments and communities participate in the program by adopting flood plain management programs.II. Flood insurance is available for properties located in participating areas.III. Lending institutions determine if a structure is located in a Special Flood Hazard Area.IV. The insurance is purchased through an insurance agent. Upon the adoption of the budget, who will decide when and how the expenditures are made? The board of directors Owners of a homeowners' association want to beautify their properties by painting their fences. The governing documents call for the homes and parcels to be "uniform and harmonious according to the scheme and design of the developer." Residents have various ideas about what that means and are ready to come to blows. What should the board do? The association should consult its attorney about how to amend the governing documents so they are specific and clear. When an association makes a profit or has surplus over expenses at the end of the year, which applies? The board could use the excess to reduce owners' annual assessments for the following year. Not Too High Cooperative Association has an elevator in each of its four buildings. The buildings are three stories high. The association is managed by a licensed manager. What can the association expect from the service contracts it has on each of the elevators? As owner of the elevators, the association is responsible for the safe operation and proper maintenance of the elevator regardless of a service contract. To be effective and valid, a Claim of Lien must contain which of the following? IV.The name of the owner of the property, the name and address of the association, the amount of the assessment, interest, and collection costs, the legal description of the property, and signature of an officer/agent of the association The election of Ned N'er-do-well has proven to be disastrous for the residents of Oh Happy Days Condominium. What recourse do the residents have? Use the statutory recall procedures for a director. After turnover (transition), the developer is obligated to the owners to: Honor the statutory warranties When an owner has unresolved issues with his insurance carrier and the coverage being provided, that owner should notify which agency for assistance? State of Florida Department of Financial Services Gary and Cheryl Melquist told their daughter and her 6-year old twins she could come live with them until she found a job and could afford to move out. The Declaration of Covenants governing the townhome/villa homeowners' association only allows four people per townhome or villa. The Melquists have requested, in writing, an exception citing as valid reasons for the exception the national economic crisis and that their daughter will be eligible for one of the stimulus package jobs to be offered soon. Which applies? Board inaction to enforce this covenant may limit the association's ability to enforce future covenant violations based on the principle of equitable estoppel. The bookkeeping process has become too cumbersome when calculating unit owners' assessments for common elements because all the units have slightly different square footage. The board of directors of Lazy Days Condominium decided to simplify the process and change the percentage of ownership that each unit owner has in the common elements so they are all equal. Which applies? A change in the common area percentage of ownership requires approval of 100% of the unit owners and lien holders. A knowledgeable and informed purchaser of a condominium unit would know to look at which document(s) to determine his percentage of the total assessments and to know the amount specifically due for the coming year for the unit he wishes to purchase. II. Declaration of Condominium and Budget. Tom Shay submitted his name to the board of the Hawthorne Cooperative Association 42 days prior to the election. He has impressive qualifications and wants to retype his resume on a Candidate Information Sheet. How many days before the election should he submit this form? 35 days Chris Leaks finds that a pipe burst inside the walls of his condominium unit while he was out of town for the play-off games. His carpet is soaking wet, the water has warped the legs of his wooden furniture, and the dampness is creeping up the upholstered sofa and chair. When he purchased his unit, he was told "the association takes care of everything." He calls the manager to report the damage and asks how soon the manager will send someone to fix everything. The manager tells him: He is responsible for insuring the interior of his unit and his personal property so he should call his insurance company and file a claim with it.