Florida Cam Exam UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS

Florida Cam Exam UPDATED ACTUAL
Exam QUESTIONS AND CORRECT
ANSWERS
A Community Association is generally defined as real or personal property, owned by two or
more entities, which share the responsibility for the costs of maintenance and administration -
CORRECT ANSWER True



Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel
the purchase - CORRECT ANSWER True



The Florida Fair Housing Act prohibits discrimination on the basis of handicap - CORRECT
ANSWER True



A valid Declaration of Condominium must contain easements for ingress and egress to all
units and the common elements - CORRECT ANSWER True



Compliance with the Construction Lien Law is very technical and can have an impact on title
to property. Therefore the board should always consult with the manager regarding lien issues
- CORRECT ANSWER False. The board should consult an attorney.



Corporate Charter - CORRECT ANSWER Articles of Incorporation are also known as
the



Establishes the power and authority of the community Association

Establishes the corporate entity that is responsible for management, maintenance and
operation of the community association

Is based in corporate law - CORRECT ANSWER Articles of Incorporation ( Corporate
Charter)



Florida Not for Profit Corporate Act - CORRECT ANSWER FS 617

,Florida Corporate Act - CORRECT ANSWER FS 607



Conducting business and Community Association affairs

Operating and managing the association property and assets

Suing and defending against actions

Lending money for association purposes

Acquiring Property

Entering into contracts and purchasing items that are required for operations and maintenance

Incurring liabilities

Borrowing funds

Mortgaging community association properties - CORRECT ANSWER Powers that are
granted in FS 617



Condominium Act - CORRECT ANSWER FS 718



Form of joint ownership of real property that comprises:

Exclusive ownership of each unit
Joint undivided share of common elements

Required membership in the community association - CORRECT ANSWER What is a
condominium?



Cooperative Act - CORRECT ANSWER FS 719



Mandatory Homeowner's Association - CORRECT ANSWER FS 720



Mandatory contents of a declaration ( condos) - CORRECT ANSWER FS 718.104

,Definitions of the corporate entity, powers of association, easements, rights of access to unit,
insurance, official records of the association, community directory, financial reporting
requirements, purchase of units, purchase of land and recreation leases, operations of
condominiums created prior to January 1, 1977, commingling - CORRECT
ANSWER FS 718.111



FS 718.1124 - CORRECT ANSWER Definitions of required contents of bylaws,
including administration, notice requirements, quorum, proxies, voting requirements,
elections, electronic voting, candidate eligibility, director certificate/education requirements,
recalls, arbitration, timeshare condominium exceptions, board and member meetings, Annual
budget requirements, assessments, amendment of bylaws, transfer fees, director and officer
delinquencies and offenses, common elements ( limited power to convey to a condemning
authority)



FS 718.113 - CORRECT ANSWER Maintenance requirements, display of flags and
religious decorations, hurricane shutters, and other types of code-complaint hurricane
protection



FS 718.114 - CORRECT ANSWER Association powers, acquisition of leasehold
memberships and other possessory or use interests



FS 718.115 - CORRECT ANSWER Common Expenses and common surplus, expense
and credits for hurricane protection, communication expenses



FS 718.116 - CORRECT ANSWER Liability for not paying common expenses,
including the right to assess interest, lien, foreclose, and collect rents from delinquent
members etc., liability of first mortgage holder, liability of previous owners



FS 718.303 - CORRECT ANSWER Provides that if a member is more than 90 days
delinquent or has failed to comply with his or her monetary obligation that is due to the
community association, or has failed to comply with the documents or reasonable rules, the
right to use common elements can be suspended. Provides fining authority and procedures.



The pH of the pool water must be maintained at: - CORRECT ANSWER 7.2-7.8

, Condominium and Cooperative Associations pay an annual fee of $_______ per residential
unity, per ______ to the DFCTSMH Trust Fund - CORRECT ANSWER $4.00/ Year



A windstorm self insurance pool must include 3 or more associations, all of which must be
residential, with not less than 50 units. - CORRECT ANSWER True



The member must place an election ballot in an inner envelope, and place the inner envelope
in an outer envelope, which the member signs. - CORRECT ANSWER Procedures for
voting in secret for members who are not in attendance at the annual meeting.



The purpose of Regulatory Council of Community Association Managers is to - CORRECT
ANSWER Provide licensure exam and continuing education requirements for CAMS



A volunteer director who is not compensated for his duties as a director need not have a CAM
license - CORRECT ANSWER True



Prospective members must receive certain information from an HOA when purchasing a new
unit, including Community Association Disclosures - CORRECT ANSWER True



An employee of the ombudsman's office may not serve as an officer in a local, state, or
national political party - CORRECT ANSWER True



Components of a collection policy should not include court charges for filing of liens -
CORRECT ANSWER True



At will means - CORRECT ANSWER an employee who may be dismissed at any time
for any non-discriminatory reasons, with or without cause
.



FS 482 - CORRECT ANSWER governs pest control companies and operators