2026 WITH ALL CORRECT & 100% VERIFIED ANSWERS|
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4 Types of Community Associations ✔Correct Answer-1. Condo - FS 718
2. Coop - FS 719
3. HOA - FS 720
4. Timeshare - FS 721
NOT Mobile Home 723
Which type of living condition is NOT a community association? ✔Correct Answer-Mobile Home -
FS 723
Documents include (3) ✔Correct Answer-1. Declaration
2. Articles
3. By-Laws
A CAM license is NOT required to manage which type of property? ✔Correct Answer-Commercial
How is common property referred to in a condo, coop, HOA? ✔Correct Answer-Condo - elements
Coop - areas
HOA - property
Which Florida Statute addresses CAM Licensure Law and Natural Person & Management Company
✔Correct Answer-FS 468 - part VIII
Under what 2 conditions is a CAM license is required in Florida? ✔Correct Answer-1. When
receiving compensation
2. When association has over 10 units and/or a budget over $100, 000
What do the 3 governing Documents define? ✔Correct Answer-1. Declaration - ownership
2. Articles of Incorporation - structure (creates assoc usually not for profit - FS 617)
3. By Laws - day to day operations (rules and regulations)
The Declaration is FILED with the ✔Correct Answer-Clerk of Court (county)
in county/counties where structure is located