Page | 1
FL CAM LICENSE STUDY
GUIDE BRAND NEW OFFICIAL
QUESTIONS WITH 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 - correct 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
, Page | 2
D. & 719 - correct 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. - correct 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
, Page | 3
____________ 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 - correct 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 - correct 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.
, Page | 4
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 - correct 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 - correct 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
FL CAM LICENSE STUDY
GUIDE BRAND NEW OFFICIAL
QUESTIONS WITH 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 - correct 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
, Page | 2
D. & 719 - correct 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. - correct 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
, Page | 3
____________ 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 - correct 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 - correct 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.
, Page | 4
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 - correct 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 - correct 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
