FL CAM License Questions and Correct
Answers/ Latest Update / Already Graded
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
Ans: 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
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D. & 719
Ans: 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.
Ans: 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
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4. Application for renewal of a CAM license shall be postmarked by
___________ . If renewal application is postmarked after ____________
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
Ans: 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
Ans: D. The community is terminated
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When you purchase, you know that these covenants exi st 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.
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
Ans: 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
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