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FLORIDA COMMUNITY ASSOCIATION MANAGER
PRELICENSURE COURSE EXAM UPDATED THIS YEAR WITH (2
VERSIONS) 500 QUESTIONS AND CORRECT ANSWERS WITH
JUST RELEASED
Question: In a condominium association, when reserves are calculated on the separate analysis
or straight line method, approval to use reserves for purposes other than originally intended
requires:
A. Approval of 67% of the unit owners
B. Board of directors' approval
C. Approval of 1/2 of the voting interests in the project
D. Approval of the majority of those present at a meeting of the membership of the association
- CORRECT ANSWER✔✔D.
Question: In condominiums and cooperatives, which of the following budgetary line items
would be EXCLUDED from the calculation used in determining the percentage of budget
increase for purposes of determining the 115% increase in operating assessments?
A. Management fees
B. Utility expenses
C. State registration fees
D. Reserves for capital improvements - CORRECT ANSWER✔✔D.
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Question: Mildstone Club, a homeowners' association, has extensive common areas. The
association may transfer its real estate tax obligation on the common areas to the parcel owners
by applying to the:
A. Division of Florida Condominiums, Timeshares and Mobile Homes
B. Florida Department of State
C. Clear of the County Court
D. County Property Appraiser's office - CORRECT ANSWER✔✔D.
Question: Which of the following should determine whether the budget at a community
association is adopted by the membership or a vote of the board of directors?
A. The association documents
B. Florida Statutes 718 or 719
C. Seventy-five percent membership vote
D. Florida Administrative Code - CORRECT ANSWER✔✔A.
Question: In most circumstances, the power to make assessments belongs to the:
A. Association's board of directors
B. Developer
C. Association manager
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D. Unit owners - CORRECT ANSWER✔✔A.
Question: A(An) ______________ assessment is levied to cover expenses anticipated to exceed
the annual budget.
A. Annual
B. Quarterly
C. Accrued
D. Special - CORRECT ANSWER✔✔D.
Question: After purchasing the mobile home park, the residents form a community association
and hire a paid manager. The manager must be licensed under Part VIII of Chapter 468 if the
budget of the association exceeds:
A.$50,000
B.$75,000
C.$100,00
D.$125,000 - CORRECT ANSWER✔✔C.
Question: A type of joint ownership of real estate where legal title is not vested in the
individual, but the individual receives the right to occupy a unit, is a:
A. mobile home.
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B. cooperative
C. mandatory homeowners' association.
D. condominium - CORRECT ANSWER✔✔B.
Question: The type of community association that permits individual units to be owned and
occupied by different people during the year is a:
A.time-share property.
B.cooperative.
C.phase condominium
D.townhouse - CORRECT ANSWER✔✔A.
Question: Appurtenances in a condominium or cooperative include rights of:
A. use and access to all individual units.
B. liens.
C. the association's records.
D. the use of and access to all easements, membership in the association, and assigned
percentage of ownership in the common areas and any club membership rights. - CORRECT
ANSWER✔✔D.
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SUCCESS!
FLORIDA COMMUNITY ASSOCIATION MANAGER
PRELICENSURE COURSE EXAM UPDATED THIS YEAR WITH (2
VERSIONS) 500 QUESTIONS AND CORRECT ANSWERS WITH
JUST RELEASED
Question: In a condominium association, when reserves are calculated on the separate analysis
or straight line method, approval to use reserves for purposes other than originally intended
requires:
A. Approval of 67% of the unit owners
B. Board of directors' approval
C. Approval of 1/2 of the voting interests in the project
D. Approval of the majority of those present at a meeting of the membership of the association
- CORRECT ANSWER✔✔D.
Question: In condominiums and cooperatives, which of the following budgetary line items
would be EXCLUDED from the calculation used in determining the percentage of budget
increase for purposes of determining the 115% increase in operating assessments?
A. Management fees
B. Utility expenses
C. State registration fees
D. Reserves for capital improvements - CORRECT ANSWER✔✔D.
1
SUCCESS!
,Page 2 of 138
Question: Mildstone Club, a homeowners' association, has extensive common areas. The
association may transfer its real estate tax obligation on the common areas to the parcel owners
by applying to the:
A. Division of Florida Condominiums, Timeshares and Mobile Homes
B. Florida Department of State
C. Clear of the County Court
D. County Property Appraiser's office - CORRECT ANSWER✔✔D.
Question: Which of the following should determine whether the budget at a community
association is adopted by the membership or a vote of the board of directors?
A. The association documents
B. Florida Statutes 718 or 719
C. Seventy-five percent membership vote
D. Florida Administrative Code - CORRECT ANSWER✔✔A.
Question: In most circumstances, the power to make assessments belongs to the:
A. Association's board of directors
B. Developer
C. Association manager
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D. Unit owners - CORRECT ANSWER✔✔A.
Question: A(An) ______________ assessment is levied to cover expenses anticipated to exceed
the annual budget.
A. Annual
B. Quarterly
C. Accrued
D. Special - CORRECT ANSWER✔✔D.
Question: After purchasing the mobile home park, the residents form a community association
and hire a paid manager. The manager must be licensed under Part VIII of Chapter 468 if the
budget of the association exceeds:
A.$50,000
B.$75,000
C.$100,00
D.$125,000 - CORRECT ANSWER✔✔C.
Question: A type of joint ownership of real estate where legal title is not vested in the
individual, but the individual receives the right to occupy a unit, is a:
A. mobile home.
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B. cooperative
C. mandatory homeowners' association.
D. condominium - CORRECT ANSWER✔✔B.
Question: The type of community association that permits individual units to be owned and
occupied by different people during the year is a:
A.time-share property.
B.cooperative.
C.phase condominium
D.townhouse - CORRECT ANSWER✔✔A.
Question: Appurtenances in a condominium or cooperative include rights of:
A. use and access to all individual units.
B. liens.
C. the association's records.
D. the use of and access to all easements, membership in the association, and assigned
percentage of ownership in the common areas and any club membership rights. - CORRECT
ANSWER✔✔D.
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