Florida CAM Prep Exam UPDATED Exam
QUESTIONS AND CORRECT ANSWERS
A Community is defined as - CORRECT ANSWER Real or personal property owned
by two or more entities, with a "legally binding agreement (covenant) to share responsibility
and costs for maintenance and administration of property, assets, and association, and with
specific rights granted to the members.
Community Associations are structured by - CORRECT ANSWER Formal (in
writing), legal documents defining property rights, rules and restrictions.
Community Associations are also refered to as - CORRECT ANSWER Covenant
Conceptually Community Associations: - CORRECT ANSWER Maximize land use,
share responsibility, and expenses.
What are the 5 types of Community Associations? - CORRECT ANSWER Condo,
Cooperative, HOA, Timeshare, Mobile Home Park
What are the 3 specific requirments of CA in Florida - CORRECT
ANSWER Membership is mandatory, members must have the right to vote, an
assessment, if unpaid can become a lien.
What factors influence the type of association that can be developed? - CORRECT
ANSWER Zoning, CDMP
These documents define the regulations for use of land, member's rights, & responsibilities,
and create the entity that will manage the community. - CORRECT
ANSWER Declaration of covenants & restrictions/declaration of condominium,
Articles of incorporation, bylaws.
QUESTIONS AND CORRECT ANSWERS
A Community is defined as - CORRECT ANSWER Real or personal property owned
by two or more entities, with a "legally binding agreement (covenant) to share responsibility
and costs for maintenance and administration of property, assets, and association, and with
specific rights granted to the members.
Community Associations are structured by - CORRECT ANSWER Formal (in
writing), legal documents defining property rights, rules and restrictions.
Community Associations are also refered to as - CORRECT ANSWER Covenant
Conceptually Community Associations: - CORRECT ANSWER Maximize land use,
share responsibility, and expenses.
What are the 5 types of Community Associations? - CORRECT ANSWER Condo,
Cooperative, HOA, Timeshare, Mobile Home Park
What are the 3 specific requirments of CA in Florida - CORRECT
ANSWER Membership is mandatory, members must have the right to vote, an
assessment, if unpaid can become a lien.
What factors influence the type of association that can be developed? - CORRECT
ANSWER Zoning, CDMP
These documents define the regulations for use of land, member's rights, & responsibilities,
and create the entity that will manage the community. - CORRECT
ANSWER Declaration of covenants & restrictions/declaration of condominium,
Articles of incorporation, bylaws.
