HOSMERIT
FL CAM LICENSE EXAM QUESTIONS AND
ANSWERS 2024 (GRADED A+)
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
In order to reactivate an inactive Community Association Manager's license, an inactive status
licensee must complete how many classroom hours of continuing education? - answer 10 hours
for each year or portion of a year the license was inactive (or 20 hours for two years)
, The qualifications to serve on the Board of Directors is generally found in the: - answer By-Laws
The Turnover Audit required by the Florida Condominium Act shall: - answer Cover a period
beginning with the date of incorporation of the association, or from the end of the fiscal period
covered by the last audit if all fiscal periods have been audited, and ending with the date of
transfer of association control to the unit owners other than the developer
Pursuant to Chapters 718 and 720 Florida statutes, how much notice is generally required for a
special or annual meeting? - answer 14 days
Property taxes on the common property of an association are assessed against: - answer The
individual owners
Notice of an annual meeting usually does not contain: - answer Listing of social events
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
In a condominium of more than 500 units, the developer is entitled to elect at least one member
of the board of directors as long as he holds at least what percentage of the units? - answer 2%
At the request of a unit owner, the Board of Directors of Chapter 718 Florida Statutes must
deliver a Certificate of Status of Assessments within: - answer 10 days
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
FL CAM LICENSE EXAM QUESTIONS AND
ANSWERS 2024 (GRADED A+)
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
In order to reactivate an inactive Community Association Manager's license, an inactive status
licensee must complete how many classroom hours of continuing education? - answer 10 hours
for each year or portion of a year the license was inactive (or 20 hours for two years)
, The qualifications to serve on the Board of Directors is generally found in the: - answer By-Laws
The Turnover Audit required by the Florida Condominium Act shall: - answer Cover a period
beginning with the date of incorporation of the association, or from the end of the fiscal period
covered by the last audit if all fiscal periods have been audited, and ending with the date of
transfer of association control to the unit owners other than the developer
Pursuant to Chapters 718 and 720 Florida statutes, how much notice is generally required for a
special or annual meeting? - answer 14 days
Property taxes on the common property of an association are assessed against: - answer The
individual owners
Notice of an annual meeting usually does not contain: - answer Listing of social events
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
In a condominium of more than 500 units, the developer is entitled to elect at least one member
of the board of directors as long as he holds at least what percentage of the units? - answer 2%
At the request of a unit owner, the Board of Directors of Chapter 718 Florida Statutes must
deliver a Certificate of Status of Assessments within: - answer 10 days
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
