FLORIDA CAM LICENSE TESTS COMPILATION BUNDLE

Florida Condominium Law is contained in which Chapter of the Florida Statutes? Correct Answer: 718 Minutes of meeting of the BOD must be maintained for: Correct Answer: 7 years Emergency powers of a condominium board, if a state of emergency has been declared, include: Correct Answer: Borro...

Traditionally, the normal maintenance responsibilities of the condominium association common property belong to:a. The unit ownersb. The board of directors c. The officers of the board d. The manager correct answer: b. The board of directors If a condo association has adopted alternative electi...

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. A type of joint ownersh...

The State of Florida in the year ____ required LICENSING OF COMMUNITY ASSOCIATION MANAGERS. correct answer: 1988 Teaching Methods, candidates mush retain their Pre-Examination Course Completion for a period of ____ years from the date received. correct answer: Four According to the Backgroun...

If a declaration of condominium or bylaws so provide, an association may require a security deposit from prospective lessees up to the amount of correct answer: 1 month's rent A homeowner's association board must obtain competitive bids for any contract which will cost in excess of correct ans...

The pH of the pool water must be maintained at: correct answer: 7.2-7.8 A person who manages a rental apartment complex _____ a Community Association Manager's License. correct answer: May, but is not required, to have. Condominium & Cooperative Associations pay an annual fee of $____ per r...

An association should establish reserves for correct answer: (a) Because associations may be able to avoid or reduce large special assessments. An association should establish reserves for correct answer: (c) Because associations may be able to avoid or reduce large increases in regular assessm...

The rights and obligations inherent in the ownership of a unit in a condominium are correct answer: Appurtenances to the Unit The original corporate structure of a condominium association is established in the correct answer: Articles of Incorporation A claim of Lien on a condo unit for deli...

The documents of ABC condominium Association do not require reserves the proposed budget correct answer: Must at a minimum include statutory reserves All of the following categories of expenditures and required to be included in a condominium budget Except correct answer: Professional fees V...

A community associate is generally defined as real or personal property, owned by two or more entities which share the responsibility for the costs of maintence and administration. correct answer: True Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel th...

The language in the Declaration of Condominium that creates a commitment, restriction, or contract between the association and the unit owners is called correct answer: Covenants Under Chapter 718.1255, those eligible to petition for arbitration are: correct answer: An owner of a condominium un...

Community Association: correct answer: Real or personal property owned by 1 or more entities with legally binding agreement (covenant) to share responsibility for and costs of maintenance and administration of the property, assets, and assoc. Specific rights granted to members. Pro of community ...

Florida Condominium Law is contained in which Chapter of the Florida Statutes? correct answer: 718 Minutes of meeting of the BOD must be maintained for: correct answer: 7 years Emergency powers of a condominium board, if a state of emergency has been declared, include: correct answer: Borro...

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 c...