CAM License UPDATED ACTUAL Exam
Questions and CORRECT Answers
The rights and obligations inherent in the ownership of a unit in a condominium are -
CORRECT ANSWER✔✔- Appurtenances to the Unit
The original corporate structure of a condominium association is established in the -
CORRECT ANSWER✔✔- Articles of Incorporation
A claim of Lien on a condo unit for delinquent assessments is in effect from the time of
recording for a period of - CORRECT ANSWER✔✔- 12 Months
The process for obtaining a community association manager's license, renewal provisions and
standards of professional conduct us set forth in the - CORRECT ANSWER✔✔- Florida
Administrative Code & Chapter 468 Part VIII
In the event of a conflict, the hierarchy of documents is the - CORRECT ANSWER✔✔- 1)
Declaration
2) Articles of Incorporation
3) Bylaws
4) Rules & Regulations
The amount of all receipts and revenues, exceeding common expenses, collected by a
association is - CORRECT ANSWER✔✔- Common Surplus
A share of the association's funds, required to pay common expenses is - CORRECT
ANSWER✔✔- an Assessment
For residential unit sold by a developer, a contract of sale can be voided for ______ days after
it has been made - CORRECT ANSWER✔✔- 15 days
In a co-op, what is the required time of posting and mailing notice of a BUDGET meeting? -
CORRECT ANSWER✔✔- 14 Days
,The board must reply to a written complaint from a unit owner within - CORRECT
ANSWER✔✔- 30 Days
Covenants and restrictions establishing basic rights and responsibilities of condominium are
found in the - CORRECT ANSWER✔✔- Declaration
What are the classes protected by the Fair Housing Act? - CORRECT ANSWER✔✔- Race,
color, national origin, religion, sex, familial status, and disability
Where does a condominium association's board of directors file written notice of a new
registered agents name and registered office? - CORRECT ANSWER✔✔- Department of
State
Agenda and notice requirements for membership meetings are found in the homeowner's
association's - CORRECT ANSWER✔✔- Bylaws
An association should keep financial and accounting records for - CORRECT ANSWER✔✔-
7 years
What does the Americans with Disabilities Act require of employers? - CORRECT
ANSWER✔✔- To make reasonable accommodations for qualified (disabled) individuals.
Within how many days after executing a contract for purchase of a timeshare period can the
purchaser cancel the contract without penalty or obligation? - CORRECT ANSWER✔✔- 10
days
A resident in a condominium or cooperative is entitled to vote if he/she - CORRECT
ANSWER✔✔- Is a record owner
Any amendment to the condominium bylaws becomes effective only after - CORRECT
ANSWER✔✔- it is recorded in the public records of the county
, A limited proxy in condominium is a document that is used for - CORRECT ANSWER✔✔- a
specific voting purpose
Which document establishes the date and time of the annual meeting? - CORRECT
ANSWER✔✔- The bylaws
Which type of relationship exists between the board of directors and the members of the
association? - CORRECT ANSWER✔✔- Fiduciary
In a condominium association, a director can be recalled to the board by ____________ of
the voting interests. - CORRECT ANSWER✔✔- Majority (50% + 1) *Special meeting to
recall board member can be called by 10% of voting interests*
Unless approved by 2/3 of the owners casting a vote in the election, what is the maximum
number of consecutive years a condo board member may serve on the board? - CORRECT
ANSWER✔✔- 8 Years
Association members have the right to speak at board meetings... - CORRECT
ANSWER✔✔- only in regard to the designated items on the meeting agenda
In order to be valid, a proxy must be... - CORRECT ANSWER✔✔- dated and signed by the
authorized person
What document describes the date and time of a meeting, the issues that were discussed and
the results of any votes? - CORRECT ANSWER✔✔- The Meeting Minutes
Condominium associations are not permitted to have ________ committees. - CORRECT
ANSWER✔✔- election nominating
Any director, officer, or manager, who knowingly solicits or accepts anything of value from
any person providing or proposing to provide goods or services to the condo is subject to... -
CORRECT ANSWER✔✔- A Criminal Sentence
Questions and CORRECT Answers
The rights and obligations inherent in the ownership of a unit in a condominium are -
CORRECT ANSWER✔✔- Appurtenances to the Unit
The original corporate structure of a condominium association is established in the -
CORRECT ANSWER✔✔- Articles of Incorporation
A claim of Lien on a condo unit for delinquent assessments is in effect from the time of
recording for a period of - CORRECT ANSWER✔✔- 12 Months
The process for obtaining a community association manager's license, renewal provisions and
standards of professional conduct us set forth in the - CORRECT ANSWER✔✔- Florida
Administrative Code & Chapter 468 Part VIII
In the event of a conflict, the hierarchy of documents is the - CORRECT ANSWER✔✔- 1)
Declaration
2) Articles of Incorporation
3) Bylaws
4) Rules & Regulations
The amount of all receipts and revenues, exceeding common expenses, collected by a
association is - CORRECT ANSWER✔✔- Common Surplus
A share of the association's funds, required to pay common expenses is - CORRECT
ANSWER✔✔- an Assessment
For residential unit sold by a developer, a contract of sale can be voided for ______ days after
it has been made - CORRECT ANSWER✔✔- 15 days
In a co-op, what is the required time of posting and mailing notice of a BUDGET meeting? -
CORRECT ANSWER✔✔- 14 Days
,The board must reply to a written complaint from a unit owner within - CORRECT
ANSWER✔✔- 30 Days
Covenants and restrictions establishing basic rights and responsibilities of condominium are
found in the - CORRECT ANSWER✔✔- Declaration
What are the classes protected by the Fair Housing Act? - CORRECT ANSWER✔✔- Race,
color, national origin, religion, sex, familial status, and disability
Where does a condominium association's board of directors file written notice of a new
registered agents name and registered office? - CORRECT ANSWER✔✔- Department of
State
Agenda and notice requirements for membership meetings are found in the homeowner's
association's - CORRECT ANSWER✔✔- Bylaws
An association should keep financial and accounting records for - CORRECT ANSWER✔✔-
7 years
What does the Americans with Disabilities Act require of employers? - CORRECT
ANSWER✔✔- To make reasonable accommodations for qualified (disabled) individuals.
Within how many days after executing a contract for purchase of a timeshare period can the
purchaser cancel the contract without penalty or obligation? - CORRECT ANSWER✔✔- 10
days
A resident in a condominium or cooperative is entitled to vote if he/she - CORRECT
ANSWER✔✔- Is a record owner
Any amendment to the condominium bylaws becomes effective only after - CORRECT
ANSWER✔✔- it is recorded in the public records of the county
, A limited proxy in condominium is a document that is used for - CORRECT ANSWER✔✔- a
specific voting purpose
Which document establishes the date and time of the annual meeting? - CORRECT
ANSWER✔✔- The bylaws
Which type of relationship exists between the board of directors and the members of the
association? - CORRECT ANSWER✔✔- Fiduciary
In a condominium association, a director can be recalled to the board by ____________ of
the voting interests. - CORRECT ANSWER✔✔- Majority (50% + 1) *Special meeting to
recall board member can be called by 10% of voting interests*
Unless approved by 2/3 of the owners casting a vote in the election, what is the maximum
number of consecutive years a condo board member may serve on the board? - CORRECT
ANSWER✔✔- 8 Years
Association members have the right to speak at board meetings... - CORRECT
ANSWER✔✔- only in regard to the designated items on the meeting agenda
In order to be valid, a proxy must be... - CORRECT ANSWER✔✔- dated and signed by the
authorized person
What document describes the date and time of a meeting, the issues that were discussed and
the results of any votes? - CORRECT ANSWER✔✔- The Meeting Minutes
Condominium associations are not permitted to have ________ committees. - CORRECT
ANSWER✔✔- election nominating
Any director, officer, or manager, who knowingly solicits or accepts anything of value from
any person providing or proposing to provide goods or services to the condo is subject to... -
CORRECT ANSWER✔✔- A Criminal Sentence
