CAM M100 EXAM WITH ALL CORRECT & 100%
VERIFIED ANSWERS|ACTUAL COMPLETE EXAM|
ALREADY GRADED A+
What should happen in the event of a vacancy among officers in an association?
The vacancy may not be filed until the next annual meeting.
The successor may be appointed at the next board meeting.
The successor must be elected within 14 business days. ✔Correct Answer-The successor may be
appointed at the next board meeting
Official records of an association include
insurance polices
the prospectus
sales brochures
receipts for copying condominium document ✔Correct Answer-insurance policies
If a quorum requirement is not stated in a condominium association's governing document, during
an annual meeting what will constitute a quorum of the total voting interests?
one-third
a majority
two-thirds
three-quarters ✔Correct Answer-A majority
What is the possible action the Department of Business and Professional Regulations could take if a
board director knowingly violated the Condominium or Cooperative Acts? The director:
may be suspended.
may be fined and charged criminally.
may be put on administrative leave.
may be arrested. ✔Correct Answer-may be fined and charged criminally.
Which word best defines the relationship between the homeowners' association and the Board of
Directors?
fiduciary
accountability
managerial
cooperation ✔Correct Answer-Fiduciary
The terms of all condominium board members expire ____________ if there is no other specification
in the bylaws.
at the next annual meeting
at the first meeting of the board
three years after elected
,two years after elected ✔Correct Answer-at the next annual meeting
As per the Florida condominium law, how many days after a meeting is adjourned to a later date will
the proxies still be valid?
20
60
90
120 ✔Correct Answer-90
An uncontested recall of directors in a condominium or cooperative is effective within
2 business days
4 business days
5 business days
10 business days ✔Correct Answer-5 business days
A committee CANNOT be appointed by the board of directors of a homeowners' association for
which intent?
adopting an amendment to the bylaws
nominating candidates for the election of officers
drafting the annual budget for the board
proposing an improvement plan for the community park ✔Correct Answer-adopting an
amendment to the bylaws
When does an amendment to the condominium bylaws become effective?
after one year of being passed by a majority vote of the members
after it is approved by the board
after it is recorded in the public records of the county in which the condominium is located
after the board of directors supplies a copy to the Division of condominiums ✔Correct Answer-
after it is recorded in the public records of the county in which the condominium is located
When is a condominium formally created?
when the condominium plat is recorded with the county where it is located
when the developer is issued the first certificate of occupancy
when the Articles of Incorporation are filed with the Secretary of State
when the Declaration of Condominium is recorded with the county where it is to be built ✔Correct
Answer-when the Declaration of Condominium is recorded with the county where it is to be built
What Florida Statute chapter governs timesharing or interval ownership associations?
498
719
721
718 ✔Correct Answer-721
What is the mandatory minimum number of directors in a 75-unit condominium if nothing is
provided in the bylaws?
, 3
5
7
9 ✔Correct Answer-5
If the declaration of condominium does not state a procedure for authorizing material alteration to
common elements, the construction of new tennis courts would need to be approved by
2/3 of the directors on the board.
2/3 of the voting interests present at a members' meeting.
3/4 of the voting interests present at members' meeting.
3/4 of the total voting interests in the association.If the declaration of condominium does not state a
procedure for authorizing material alteration to common elements, the construction of new tennis
courts would need to be approved by
2/3 of the directors on the board.
2/3 of the voting interests present at a members' meeting.
3/4 of the voting interests present at members' meeting.
3/4 of the total voting interests in the association. ✔Correct Answer-3/4 of the total voting
interests in the association.
The formal components of cooperative documents do NOT include
the articles of incorporation.
the bylaws.
the cooperative associations ground lease, if any.
the Florida Statutes. ✔Correct Answer-fl statues
Which document in an association takes precedence in the case of conflict between document
provisions?
the bylaws
the declaration of covenants
the articles of incorporation
the rules and regulations adopted by the board of directors ✔Correct Answer-the declaration of
covenants
Unless specifically provided in the _________________ , timeshare estates are NOT permitted in a
condominium association.
declaration of condominium
Timesharing Act
Real Estate Act
association rules and regulations ✔Correct Answer-declaration
Joint ownership of common elements, exclusive ownership of a single unit and ________________,
are parts of the condominium concept.
an equal share of stock dividends for each unit owner
management by professional organizations
mandatory membership in the condominium association
regulation by Florida Statute chapter 719 ✔Correct Answer-mandatory membership in the
condominium association
VERIFIED ANSWERS|ACTUAL COMPLETE EXAM|
ALREADY GRADED A+
What should happen in the event of a vacancy among officers in an association?
The vacancy may not be filed until the next annual meeting.
The successor may be appointed at the next board meeting.
The successor must be elected within 14 business days. ✔Correct Answer-The successor may be
appointed at the next board meeting
Official records of an association include
insurance polices
the prospectus
sales brochures
receipts for copying condominium document ✔Correct Answer-insurance policies
If a quorum requirement is not stated in a condominium association's governing document, during
an annual meeting what will constitute a quorum of the total voting interests?
one-third
a majority
two-thirds
three-quarters ✔Correct Answer-A majority
What is the possible action the Department of Business and Professional Regulations could take if a
board director knowingly violated the Condominium or Cooperative Acts? The director:
may be suspended.
may be fined and charged criminally.
may be put on administrative leave.
may be arrested. ✔Correct Answer-may be fined and charged criminally.
Which word best defines the relationship between the homeowners' association and the Board of
Directors?
fiduciary
accountability
managerial
cooperation ✔Correct Answer-Fiduciary
The terms of all condominium board members expire ____________ if there is no other specification
in the bylaws.
at the next annual meeting
at the first meeting of the board
three years after elected
,two years after elected ✔Correct Answer-at the next annual meeting
As per the Florida condominium law, how many days after a meeting is adjourned to a later date will
the proxies still be valid?
20
60
90
120 ✔Correct Answer-90
An uncontested recall of directors in a condominium or cooperative is effective within
2 business days
4 business days
5 business days
10 business days ✔Correct Answer-5 business days
A committee CANNOT be appointed by the board of directors of a homeowners' association for
which intent?
adopting an amendment to the bylaws
nominating candidates for the election of officers
drafting the annual budget for the board
proposing an improvement plan for the community park ✔Correct Answer-adopting an
amendment to the bylaws
When does an amendment to the condominium bylaws become effective?
after one year of being passed by a majority vote of the members
after it is approved by the board
after it is recorded in the public records of the county in which the condominium is located
after the board of directors supplies a copy to the Division of condominiums ✔Correct Answer-
after it is recorded in the public records of the county in which the condominium is located
When is a condominium formally created?
when the condominium plat is recorded with the county where it is located
when the developer is issued the first certificate of occupancy
when the Articles of Incorporation are filed with the Secretary of State
when the Declaration of Condominium is recorded with the county where it is to be built ✔Correct
Answer-when the Declaration of Condominium is recorded with the county where it is to be built
What Florida Statute chapter governs timesharing or interval ownership associations?
498
719
721
718 ✔Correct Answer-721
What is the mandatory minimum number of directors in a 75-unit condominium if nothing is
provided in the bylaws?
, 3
5
7
9 ✔Correct Answer-5
If the declaration of condominium does not state a procedure for authorizing material alteration to
common elements, the construction of new tennis courts would need to be approved by
2/3 of the directors on the board.
2/3 of the voting interests present at a members' meeting.
3/4 of the voting interests present at members' meeting.
3/4 of the total voting interests in the association.If the declaration of condominium does not state a
procedure for authorizing material alteration to common elements, the construction of new tennis
courts would need to be approved by
2/3 of the directors on the board.
2/3 of the voting interests present at a members' meeting.
3/4 of the voting interests present at members' meeting.
3/4 of the total voting interests in the association. ✔Correct Answer-3/4 of the total voting
interests in the association.
The formal components of cooperative documents do NOT include
the articles of incorporation.
the bylaws.
the cooperative associations ground lease, if any.
the Florida Statutes. ✔Correct Answer-fl statues
Which document in an association takes precedence in the case of conflict between document
provisions?
the bylaws
the declaration of covenants
the articles of incorporation
the rules and regulations adopted by the board of directors ✔Correct Answer-the declaration of
covenants
Unless specifically provided in the _________________ , timeshare estates are NOT permitted in a
condominium association.
declaration of condominium
Timesharing Act
Real Estate Act
association rules and regulations ✔Correct Answer-declaration
Joint ownership of common elements, exclusive ownership of a single unit and ________________,
are parts of the condominium concept.
an equal share of stock dividends for each unit owner
management by professional organizations
mandatory membership in the condominium association
regulation by Florida Statute chapter 719 ✔Correct Answer-mandatory membership in the
condominium association
