Florida CAM License Exam Questions | 100 Questions with 100% Corre
Answers
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1. A Community Association is generally defined as real True
or personal property, owned by two or more entities,
which share the responsibility for the costs of main-
tenance and administration
2. Purchasers of a timeshare plan have a ten day con- True
tract rescission period in which to cancel the pur-
chase
3. The Florida Fair Housing Act prohibits discrimination True
on the basis of handicap
4. A valid Declaration of Condominium must contain True
easements for ingress and egress to all units and the
common elements
5. Compliance with the Construction Lien Law is very False. The board
technical and can have an impact on title to property. should consult an
Therefore the board should always consult with the attorney.
manager regarding lien issues
6. Corporate Charter Articles of Incor-
poration are also
known as the
7. Establishes the power and authority of the communi- Articles of Incor-
ty Association poration ( Corpo-
Establishes the corporate entity that is responsible rate Charter)
for management, maintenance and operation of the
community association
Is based in corporate law
8. Florida Not for Profit Corporate Act FS 617
9. Florida Corporate Act FS 607
10. Conducting business and Community Association af- Powers that are
fairs granted in FS 617
Operating and managing the association property
, Florida CAM License Exam Questions | 100 Questions with 100% Corre
Answers
Study online at https://quizlet.com/_g3w3ry
and assets
Suing and defending against actions
Lending money for association purposes
Acquiring Property
Entering into contracts and purchasing items that are
required for operations and maintenance
Incurring liabilities
Borrowing funds
Mortgaging community association properties
11. Condominium Act FS 718
12. Form of joint ownership of real property that compris- What is a condo-
es: minium?
Exclusive ownership of each unit
Joint undivided share of common elements
Required membership in the community association
13. Cooperative Act FS 719
14. Mandatory Homeowner's Association FS 720
15. Mandatory contents of a declaration ( condos) FS 718.104
16. Definitions of the corporate entity, powers of asso- FS 718.111
ciation, easements, rights of access to unit, insur-
ance, official records of the association, community
directory, financial reporting requirements, purchase
of units, purchase of land and recreation leases, op-
erations of condominiums created prior to January 1,
1977, commingling
17. FS 718.1124 Definitions of re-
quired contents of
bylaws, including
administration, no-
tice requirements,
quorum, proxies,
voting require-
, Florida CAM License Exam Questions | 100 Questions with 100% Corre
Answers
Study online at https://quizlet.com/_g3w3ry
ments, elections,
electronic voting,
candidate eligibili-
ty, director certifi-
cate/education re-
quirements, re-
calls, arbitration,
timeshare con-
dominium ex-
ceptions, board
and member
meetings, Annu-
al budget require-
ments, assess-
ments, amend-
ment of bylaws,
transfer fees, di-
rector and officer
delinquencies and
offenses, common
elements ( limited
power to convey to
a condemning au-
thority)
18. FS 718.113 Maintenance re-
quirements, dis-
play of flags
and religious dec-
orations, hurri-
cane shutters,
and other types
of code-complaint
hurricane protec-
tion
19. FS 718.114 Association pow-
ers, acquisition of
leasehold mem-
, Florida CAM License Exam Questions | 100 Questions with 100% Corre
Answers
Study online at https://quizlet.com/_g3w3ry
berships and other
possessory or use
interests
20. FS 718.115 Common Expens-
es and common
surplus, expense
and credits for
hurricane protec-
tion, communica-
tion expenses
21. FS 718.116 Liability for not
paying common
expenses, includ-
ing the right to as-
sess interest, lien,
foreclose, and col-
lect rents from
delinquent mem-
bers etc., liability
of first mortgage
holder, liability of
previous owners
22. FS 718.303 Provides that if a
member is more
than 90 days
delinquent or has
failed to comply
with his or her
monetary obliga-
tion that is due
to the commu-
nity association,
or has failed
to comply with
the documents or
reasonable rules,
Answers
Study online at https://quizlet.com/_g3w3ry
1. A Community Association is generally defined as real True
or personal property, owned by two or more entities,
which share the responsibility for the costs of main-
tenance and administration
2. Purchasers of a timeshare plan have a ten day con- True
tract rescission period in which to cancel the pur-
chase
3. The Florida Fair Housing Act prohibits discrimination True
on the basis of handicap
4. A valid Declaration of Condominium must contain True
easements for ingress and egress to all units and the
common elements
5. Compliance with the Construction Lien Law is very False. The board
technical and can have an impact on title to property. should consult an
Therefore the board should always consult with the attorney.
manager regarding lien issues
6. Corporate Charter Articles of Incor-
poration are also
known as the
7. Establishes the power and authority of the communi- Articles of Incor-
ty Association poration ( Corpo-
Establishes the corporate entity that is responsible rate Charter)
for management, maintenance and operation of the
community association
Is based in corporate law
8. Florida Not for Profit Corporate Act FS 617
9. Florida Corporate Act FS 607
10. Conducting business and Community Association af- Powers that are
fairs granted in FS 617
Operating and managing the association property
, Florida CAM License Exam Questions | 100 Questions with 100% Corre
Answers
Study online at https://quizlet.com/_g3w3ry
and assets
Suing and defending against actions
Lending money for association purposes
Acquiring Property
Entering into contracts and purchasing items that are
required for operations and maintenance
Incurring liabilities
Borrowing funds
Mortgaging community association properties
11. Condominium Act FS 718
12. Form of joint ownership of real property that compris- What is a condo-
es: minium?
Exclusive ownership of each unit
Joint undivided share of common elements
Required membership in the community association
13. Cooperative Act FS 719
14. Mandatory Homeowner's Association FS 720
15. Mandatory contents of a declaration ( condos) FS 718.104
16. Definitions of the corporate entity, powers of asso- FS 718.111
ciation, easements, rights of access to unit, insur-
ance, official records of the association, community
directory, financial reporting requirements, purchase
of units, purchase of land and recreation leases, op-
erations of condominiums created prior to January 1,
1977, commingling
17. FS 718.1124 Definitions of re-
quired contents of
bylaws, including
administration, no-
tice requirements,
quorum, proxies,
voting require-
, Florida CAM License Exam Questions | 100 Questions with 100% Corre
Answers
Study online at https://quizlet.com/_g3w3ry
ments, elections,
electronic voting,
candidate eligibili-
ty, director certifi-
cate/education re-
quirements, re-
calls, arbitration,
timeshare con-
dominium ex-
ceptions, board
and member
meetings, Annu-
al budget require-
ments, assess-
ments, amend-
ment of bylaws,
transfer fees, di-
rector and officer
delinquencies and
offenses, common
elements ( limited
power to convey to
a condemning au-
thority)
18. FS 718.113 Maintenance re-
quirements, dis-
play of flags
and religious dec-
orations, hurri-
cane shutters,
and other types
of code-complaint
hurricane protec-
tion
19. FS 718.114 Association pow-
ers, acquisition of
leasehold mem-
, Florida CAM License Exam Questions | 100 Questions with 100% Corre
Answers
Study online at https://quizlet.com/_g3w3ry
berships and other
possessory or use
interests
20. FS 718.115 Common Expens-
es and common
surplus, expense
and credits for
hurricane protec-
tion, communica-
tion expenses
21. FS 718.116 Liability for not
paying common
expenses, includ-
ing the right to as-
sess interest, lien,
foreclose, and col-
lect rents from
delinquent mem-
bers etc., liability
of first mortgage
holder, liability of
previous owners
22. FS 718.303 Provides that if a
member is more
than 90 days
delinquent or has
failed to comply
with his or her
monetary obliga-
tion that is due
to the commu-
nity association,
or has failed
to comply with
the documents or
reasonable rules,
