Community Association - ANSWER Real or personal property owned by two or more enti-
ties with a legally binding agreement (covenant)
CAM Responsibility - ANSWER Day-to-day operations, supervision of staff, and oversight
of vendors.
Florida Statutes - ANSWER Provide a definition of and requirements for each type of as-
sociation
Florida Administrative Code - ANSWER Provides additional guidance based on statutes
Legally binding agreement (covenant) - ANSWER formal, legal documents defining prop-
erty rights, rules, and restrictions. Grants rights/responsibilities to community and members.
Association Requirements - ANSWER -Mandatory membership
-Members have voting rights
-Unpaid assessments become liens
Types of Community Associations - ANSWER -Condo FS718 member owns unit
-Cooperative FS719 corporation owns all property and members receive shares and has right
to occupy unit
-HOA FS720 each member owns unit/parcel
-Timeshare FS721 owned by time periods
-Mobile home FS723
1
,Association elements - ANSWER -Association property: furniture, fixtures, equipment
-Limited common property: to be used by some members
-Appurtenances: rights that go with the property, voting, attend meetings, etc.
January 1, 1977 - ANSWER Fl Statutes require associations to be formed under FS 607 (FL
business corp act) or FS 617 (FL non profit corp act)
When to hire a management entity? - ANSWER -when board and officers do not have the
expertise or time to carry out management functions
-when association has >10 units OR >$100k annual budget
CAM Application - ANSWER -Incomplete: DBPR notifies within 30 days and corrections
must be made within 60 days
-Defficient application: no changes are made, application is denied, 90 day notice by DBPR
Licensure periods - ANSWER -2 year beggining Oct 1- Sept 30
-CAM Oct 1, even year
-CAB Oct 1, odd year
License Status - ANSWER -Active: actively practicing as manager
-Inactive: not practicing as manager
-Delinquent: failure to renew
-Expired/null: renewed late, or CAM does not complete the CE hours.
-Suspended: for a certain period of time
Revoked: permanently
2
,Conflicts of interest - ANSWER -Bid rigging: CAM/CAB informs favored vendor of other
bids
-Kickback: CAM/CAB received compensation
-Secret Profit: CAM/CAB benefits from third party
-Self dealing: CAM/CAB uses association assets for personal gain
-Separate interest: CAM/CAB has interest in community association
-Third party clients: CAM/CAB represents association and another party who is doing busi-
ness with
IN CASE OF CONFLICT OF INTEREST, CAM/CAB SHOULD ADVISE THE ASSOCIATION PRESI-
DENT
Duty of care - ANSWER similar to prudent business judgement, it is assumed that CAM
exercises the skill and care that a reasonable person would exercise
Duty of loyalty - ANSWER similar to fiduciary responsibility, CAM will act on association's
best interests
RCCAM - ANSWER Regulatory council of community association managers
within DBPR
seven members appointed by governor and confirmed by FL senate
CDMP - ANSWER Comprehensive development master plan required by FL statutes prior
2012 stating future development and use of land.
-Each local government develops Land Development Regulations or zoning regulations. Ac-
coding to federal and state codes.
Documents - ANSWER Prepared by developer stating description of which type of associ-
ation the property will become.
Legal Documents - ANSWER -Prepared prior to unit sales.
3
, -Addressing use of land, administration, maintenance, and operations.
-Copy of legal documents must be given to buyers o leessees at time of contract.
-
Prospectus - ANSWER Public offering statement. Summaizes terms and conditions of sale.
Single summary pamphlet.
Includes statutory disclosures, information required for each type of association.
Rescission Periods - ANSWER -Condo/Coop New 15, Resale 3
-HOA New 3, Resale 3
-Timeshare New 10, Resale 10
Fl corporation acts - ANSWER FS617 created to give organizations corporate safeguards
without making profit
Fl administrative code - ANSWER rules and regulations of FL regulatory agencies
Registered agent - ANSWER person who received all formal service of papers(lawsuits,
court documents, and correspondence)
DFCTSMH - ANSWER Division of florida condominiums, timeshares, and mobile homes.
Regulates associations, part of DBPR, administrates and enforces through Florida Adminis-
trative Code.
Bureau of standards and registration - ANSWER reviews and approves all public disclo-
sure documentation that is prepared by developers
Bureau of commpliance - ANSWER enforces compliance with applicable laws and rules
4
ties with a legally binding agreement (covenant)
CAM Responsibility - ANSWER Day-to-day operations, supervision of staff, and oversight
of vendors.
Florida Statutes - ANSWER Provide a definition of and requirements for each type of as-
sociation
Florida Administrative Code - ANSWER Provides additional guidance based on statutes
Legally binding agreement (covenant) - ANSWER formal, legal documents defining prop-
erty rights, rules, and restrictions. Grants rights/responsibilities to community and members.
Association Requirements - ANSWER -Mandatory membership
-Members have voting rights
-Unpaid assessments become liens
Types of Community Associations - ANSWER -Condo FS718 member owns unit
-Cooperative FS719 corporation owns all property and members receive shares and has right
to occupy unit
-HOA FS720 each member owns unit/parcel
-Timeshare FS721 owned by time periods
-Mobile home FS723
1
,Association elements - ANSWER -Association property: furniture, fixtures, equipment
-Limited common property: to be used by some members
-Appurtenances: rights that go with the property, voting, attend meetings, etc.
January 1, 1977 - ANSWER Fl Statutes require associations to be formed under FS 607 (FL
business corp act) or FS 617 (FL non profit corp act)
When to hire a management entity? - ANSWER -when board and officers do not have the
expertise or time to carry out management functions
-when association has >10 units OR >$100k annual budget
CAM Application - ANSWER -Incomplete: DBPR notifies within 30 days and corrections
must be made within 60 days
-Defficient application: no changes are made, application is denied, 90 day notice by DBPR
Licensure periods - ANSWER -2 year beggining Oct 1- Sept 30
-CAM Oct 1, even year
-CAB Oct 1, odd year
License Status - ANSWER -Active: actively practicing as manager
-Inactive: not practicing as manager
-Delinquent: failure to renew
-Expired/null: renewed late, or CAM does not complete the CE hours.
-Suspended: for a certain period of time
Revoked: permanently
2
,Conflicts of interest - ANSWER -Bid rigging: CAM/CAB informs favored vendor of other
bids
-Kickback: CAM/CAB received compensation
-Secret Profit: CAM/CAB benefits from third party
-Self dealing: CAM/CAB uses association assets for personal gain
-Separate interest: CAM/CAB has interest in community association
-Third party clients: CAM/CAB represents association and another party who is doing busi-
ness with
IN CASE OF CONFLICT OF INTEREST, CAM/CAB SHOULD ADVISE THE ASSOCIATION PRESI-
DENT
Duty of care - ANSWER similar to prudent business judgement, it is assumed that CAM
exercises the skill and care that a reasonable person would exercise
Duty of loyalty - ANSWER similar to fiduciary responsibility, CAM will act on association's
best interests
RCCAM - ANSWER Regulatory council of community association managers
within DBPR
seven members appointed by governor and confirmed by FL senate
CDMP - ANSWER Comprehensive development master plan required by FL statutes prior
2012 stating future development and use of land.
-Each local government develops Land Development Regulations or zoning regulations. Ac-
coding to federal and state codes.
Documents - ANSWER Prepared by developer stating description of which type of associ-
ation the property will become.
Legal Documents - ANSWER -Prepared prior to unit sales.
3
, -Addressing use of land, administration, maintenance, and operations.
-Copy of legal documents must be given to buyers o leessees at time of contract.
-
Prospectus - ANSWER Public offering statement. Summaizes terms and conditions of sale.
Single summary pamphlet.
Includes statutory disclosures, information required for each type of association.
Rescission Periods - ANSWER -Condo/Coop New 15, Resale 3
-HOA New 3, Resale 3
-Timeshare New 10, Resale 10
Fl corporation acts - ANSWER FS617 created to give organizations corporate safeguards
without making profit
Fl administrative code - ANSWER rules and regulations of FL regulatory agencies
Registered agent - ANSWER person who received all formal service of papers(lawsuits,
court documents, and correspondence)
DFCTSMH - ANSWER Division of florida condominiums, timeshares, and mobile homes.
Regulates associations, part of DBPR, administrates and enforces through Florida Adminis-
trative Code.
Bureau of standards and registration - ANSWER reviews and approves all public disclo-
sure documentation that is prepared by developers
Bureau of commpliance - ANSWER enforces compliance with applicable laws and rules
4
