FL CAM Practice Exam #1 Questions and
Answers 2024
worldnurse
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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
C.
,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.
B. cooperative
C. mandatory homeowners' association.
D. condominium
B.
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
A.
,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.
D.
Any person or firm licensed under Part VIII of Chapter
468, Florida Statutes, is considered:
A. responsible for management
B. capable of performing community association
management services.
C. capable of transferring possessions and ownership of
cooperative property.
B.
, A homeowners' association where membership in the
association is mandatory for all owners and the
association has a lien right which is not a condominium or
cooperative is regulated by provisions of which Florida
statute?
A. 648, F.S.
B. 720, F.S.
C. 721, F.S.
D 735, F.S.
B.
A board member of a condominium or cooperative
association may not accept anything of value providing
goods or services to the association for his/her benefit or
the benefit of his/her family except:
A. for items received at trade fairs or educational
programs
B. when fully disclosed to all of the other board
members.
C. when received from a vendor who is also a relative.
D. when the item received has a value of less than
$500.00
A.
Answers 2024
worldnurse
Save
Terms (100)
Hide definitions
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
C.
,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.
B. cooperative
C. mandatory homeowners' association.
D. condominium
B.
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
A.
,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.
D.
Any person or firm licensed under Part VIII of Chapter
468, Florida Statutes, is considered:
A. responsible for management
B. capable of performing community association
management services.
C. capable of transferring possessions and ownership of
cooperative property.
B.
, A homeowners' association where membership in the
association is mandatory for all owners and the
association has a lien right which is not a condominium or
cooperative is regulated by provisions of which Florida
statute?
A. 648, F.S.
B. 720, F.S.
C. 721, F.S.
D 735, F.S.
B.
A board member of a condominium or cooperative
association may not accept anything of value providing
goods or services to the association for his/her benefit or
the benefit of his/her family except:
A. for items received at trade fairs or educational
programs
B. when fully disclosed to all of the other board
members.
C. when received from a vendor who is also a relative.
D. when the item received has a value of less than
$500.00
A.
