FL CAM LICENSE QUESTIONS WITH ACCURATE
ANSWERS
1. Condominium form of ownership is comprised of units owned by one or
more persons and joint ownership of ________ share in the common
elements.
A. a percentage
B. an undivided
C. a proportional
D. a complete Accurate Answer - B. an undivided
Condominium means individual ownership of a unit coupled with joint
ownership of an undivided share of the common elements as well as
mandatory membership in the association.
2. Under the General Corporate Law _______, community associations have
the right to buy, sell or lease real property. Under the condo and co-op laws
_____, condos and coops have the specific authority to acquire title.
A. & 719
B. & 708
C. & 719
D. & 719 Accurate Answer - D. & 719
FS 607 is General Corporate Law, FS 718 is condominiums, and FS 719 is
cooperatives.
3. A person doing the following for remuneration must have a license.
A. Posts notices for meetings and chairs committee meetings
B. Prepares budgets and financial statements.
C. Supervises maintenance.
D. All of the above. Accurate Answer - D. All of the above.
A person who provides the following services for compensation must be
licensed by DBPR
Disburse funds
Prepare budgets and/or financial reports
Notice or conduct meetings
,Coordinate maintenance or other day-to-day services involving the
operation of the association
4. Application for renewal of a CAM license shall be postmarked by
___________ . If renewal application is postmarked after ____________ of the
renewal year, the license shall be deemed expired.
A. September 30, September 30
B. October 31, October 31
C. September 30, October 31
D. December 31, January 1 Accurate Answer - C. September 30,
October 31
Renewal applications shall be postmarked on or before September 30 each
even year. If the renewal application is postmarked after October 31, that
license is deemed expired.
5. Restrictive covenants that run with the land as permanent restrictions
remain in effect until ________.
A. The majority of the owners vote otherwise
B. All of the owners agree
C. The developer cancels them
D. The community is terminated Accurate Answer - D. The
community is terminated
When you purchase, you know that these covenants exist and will continue
to exist for the life of the condominium or parcel and upon resale, the next
owner inherits the same covenants. This is called running with the land.
6. The Cooperative documents must contain all of following except ________.
A. Documentation of each owner
B. Identification by unit number/letter
C. Recognition of owner
D. Definition of the grounds lease Accurate Answer - B.
Identification by unit number/letter
Under Cooperative law, the co-op documents include the Articles of
Incorporation and By-Laws, a definition of the grounds lease, the owner's
share and membership in the co-op and title or right to use of a unit.
,7. The ______ creates the association and the ______ creates the condominium.
A. Declaration of Condominium / Articles of Incorporation
B. By-Laws / Declaration
C. Articles of Incorporation / Declaration
D. Articles of Incorporation / Bylaws Accurate Answer - C. Articles
of Incorporation / Declaration
The Articles of Incorporation, also known as the Corporate Charter, are the
documents that create the association. The Condominium is established
when the developer records the Declaration of Condominium with the
county clerk in the county seat of the county in which the condominium is
to be built.
8. What defines the membership and the voting rights of the Association?
A. Corporate Charter
B. Declaration of Condominium
C. By-Laws
D. Rules and Regulations Accurate Answer - A. Corporate Charter
The Articles of Incorporation, also known as the Corporate Charter, provide
the framework for the organization of the association and define its
membership and the voting rights of the members.
9. The ______ establish(es) the procedures for carrying out the day to day
responsibilities of the association.
A. Articles of Incorporation
B. Declaration of Condominium
C. By-laws
D. Rules and Regulations Accurate Answer - C. By-laws
The By-Laws establish the procedures for carrying out the association's
responsibilities and clarify the day-to-day duties necessary to carry out the
responsibilities of the association.
10. If the governing documents of an association conflict, which of the
following is the proper order of priority?
A. By-laws, Declaration, Articles of Incorporation, Board Rules and
Regulations
, B. Declaration, Articles of Incorporation, By-laws, Board Rules &
regulations
C. Articles of Incorporation, Declaration, By-laws, Board Rules and
Regulations
D. Declaration, Board-approved Rules, Articles of Incorporation, By-laws
Accurate Answer - B. Declaration, Articles of Incorporation, By-laws, Board
Rules & regulations
All of the documents should be consistent with each other. Their order of
priority is:
Declaration of Condominium
Articles of Incorporation
By-Laws
Rules and Regulations
11. When we are talking about amending the documents, which of the
following is correct?
A. If proviso made and percentage stated, then that percent
B. If no proviso, then 100%
C. If proviso made but no percentage stated, then 66 2/3%
D. All of the above Accurate Answer - D. All of the above
Each document must provide for procedures for amendment. If they do not,
then they can only be made with the approval of all of the owners. Usually
documents provide for the percentage of owners necessary to amend the
document. If the documents provide for amendment but do not state the
percentage necessary then two-thirds of the owners must agree to the
amendment.
Summary:
If no proviso for amendment, then 100%
If proviso made but percentage not stated, then 66 2/3%
If proviso made and percentage stated, then that %
12. In a Chapter 720 Homeowners Association, which of the following is
required to amend the governing documents?
A. A majority vote of the board of directors at a regular business meeting
B. A majority vote of all the voting interests in the association
C. A majority vote by the Board of Governors at an amendment meeting
ANSWERS
1. Condominium form of ownership is comprised of units owned by one or
more persons and joint ownership of ________ share in the common
elements.
A. a percentage
B. an undivided
C. a proportional
D. a complete Accurate Answer - B. an undivided
Condominium means individual ownership of a unit coupled with joint
ownership of an undivided share of the common elements as well as
mandatory membership in the association.
2. Under the General Corporate Law _______, community associations have
the right to buy, sell or lease real property. Under the condo and co-op laws
_____, condos and coops have the specific authority to acquire title.
A. & 719
B. & 708
C. & 719
D. & 719 Accurate Answer - D. & 719
FS 607 is General Corporate Law, FS 718 is condominiums, and FS 719 is
cooperatives.
3. A person doing the following for remuneration must have a license.
A. Posts notices for meetings and chairs committee meetings
B. Prepares budgets and financial statements.
C. Supervises maintenance.
D. All of the above. Accurate Answer - D. All of the above.
A person who provides the following services for compensation must be
licensed by DBPR
Disburse funds
Prepare budgets and/or financial reports
Notice or conduct meetings
,Coordinate maintenance or other day-to-day services involving the
operation of the association
4. Application for renewal of a CAM license shall be postmarked by
___________ . If renewal application is postmarked after ____________ of the
renewal year, the license shall be deemed expired.
A. September 30, September 30
B. October 31, October 31
C. September 30, October 31
D. December 31, January 1 Accurate Answer - C. September 30,
October 31
Renewal applications shall be postmarked on or before September 30 each
even year. If the renewal application is postmarked after October 31, that
license is deemed expired.
5. Restrictive covenants that run with the land as permanent restrictions
remain in effect until ________.
A. The majority of the owners vote otherwise
B. All of the owners agree
C. The developer cancels them
D. The community is terminated Accurate Answer - D. The
community is terminated
When you purchase, you know that these covenants exist and will continue
to exist for the life of the condominium or parcel and upon resale, the next
owner inherits the same covenants. This is called running with the land.
6. The Cooperative documents must contain all of following except ________.
A. Documentation of each owner
B. Identification by unit number/letter
C. Recognition of owner
D. Definition of the grounds lease Accurate Answer - B.
Identification by unit number/letter
Under Cooperative law, the co-op documents include the Articles of
Incorporation and By-Laws, a definition of the grounds lease, the owner's
share and membership in the co-op and title or right to use of a unit.
,7. The ______ creates the association and the ______ creates the condominium.
A. Declaration of Condominium / Articles of Incorporation
B. By-Laws / Declaration
C. Articles of Incorporation / Declaration
D. Articles of Incorporation / Bylaws Accurate Answer - C. Articles
of Incorporation / Declaration
The Articles of Incorporation, also known as the Corporate Charter, are the
documents that create the association. The Condominium is established
when the developer records the Declaration of Condominium with the
county clerk in the county seat of the county in which the condominium is
to be built.
8. What defines the membership and the voting rights of the Association?
A. Corporate Charter
B. Declaration of Condominium
C. By-Laws
D. Rules and Regulations Accurate Answer - A. Corporate Charter
The Articles of Incorporation, also known as the Corporate Charter, provide
the framework for the organization of the association and define its
membership and the voting rights of the members.
9. The ______ establish(es) the procedures for carrying out the day to day
responsibilities of the association.
A. Articles of Incorporation
B. Declaration of Condominium
C. By-laws
D. Rules and Regulations Accurate Answer - C. By-laws
The By-Laws establish the procedures for carrying out the association's
responsibilities and clarify the day-to-day duties necessary to carry out the
responsibilities of the association.
10. If the governing documents of an association conflict, which of the
following is the proper order of priority?
A. By-laws, Declaration, Articles of Incorporation, Board Rules and
Regulations
, B. Declaration, Articles of Incorporation, By-laws, Board Rules &
regulations
C. Articles of Incorporation, Declaration, By-laws, Board Rules and
Regulations
D. Declaration, Board-approved Rules, Articles of Incorporation, By-laws
Accurate Answer - B. Declaration, Articles of Incorporation, By-laws, Board
Rules & regulations
All of the documents should be consistent with each other. Their order of
priority is:
Declaration of Condominium
Articles of Incorporation
By-Laws
Rules and Regulations
11. When we are talking about amending the documents, which of the
following is correct?
A. If proviso made and percentage stated, then that percent
B. If no proviso, then 100%
C. If proviso made but no percentage stated, then 66 2/3%
D. All of the above Accurate Answer - D. All of the above
Each document must provide for procedures for amendment. If they do not,
then they can only be made with the approval of all of the owners. Usually
documents provide for the percentage of owners necessary to amend the
document. If the documents provide for amendment but do not state the
percentage necessary then two-thirds of the owners must agree to the
amendment.
Summary:
If no proviso for amendment, then 100%
If proviso made but percentage not stated, then 66 2/3%
If proviso made and percentage stated, then that %
12. In a Chapter 720 Homeowners Association, which of the following is
required to amend the governing documents?
A. A majority vote of the board of directors at a regular business meeting
B. A majority vote of all the voting interests in the association
C. A majority vote by the Board of Governors at an amendment meeting
