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 - ANSWER B. an undivided
Condominium means individual ownership of a unit coupled with joint ownership of an un-
divided 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
D. & 719 - ANSWER 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. - ANSWER D. All of the above.
1
,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 associa-
tion
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 - ANSWER 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 un-
til ________.
A. The majority of the owners vote otherwise
B. All of the owners agree
C. The developer cancels them
D. The community is terminated - ANSWER D. The community is terminated
When you purchase, you know that these covenants exist and will continue to exist for the
life of the condominium or parcel and upon resale, the next owner inherits the same cove-
nants. This is called running with the land.
2
,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 - ANSWER 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
C. Articles of Incorporation / Declaration
D. Articles of Incorporation / Bylaws - ANSWER C. Articles of Incorporation / Declaration
The Articles of Incorporation, also known as the Corporate Charter, are the documents that
create the association. The Condominium is established when the developer records the
Declaration of Condominium with the county clerk in the county seat of the county in which
the condominium is to be built.
8. What defines the membership and the voting rights of the Association?
A. Corporate Charter
B. Declaration of Condominium
C. By-Laws
D. Rules and Regulations - ANSWER A. Corporate Charter
The Articles of Incorporation, also known as the Corporate Charter, provide the framework
for the organization of the association and define its membership and the voting rights of
the members.
3
, 9. The ______ establish(es) the procedures for carrying out the day to day responsibilities of
the association.
A. Articles of Incorporation
B. Declaration of Condominium
C. By-laws
D. Rules and Regulations - ANSWER C. By-laws
The By-Laws establish the procedures for carrying out the association's responsibilities and
clarify the day-to-day duties necessary to carry out the responsibilities of the association.
10. If the governing documents of an association conflict, which of the following is the
proper order of priority?
A. By-laws, Declaration, Articles of Incorporation, Board Rules and Regulations
B. Declaration, Articles of Incorporation, By-laws, Board Rules & regulations
C. Articles of Incorporation, Declaration, By-laws, Board Rules and Regulations
D. Declaration, Board-approved Rules, Articles of Incorporation, By-laws - ANSWER B.
Declaration, Articles of Incorporation, By-laws, Board Rules & regulations
All of the documents should be consistent with each other. Their order of priority is:
Declaration of Condominium
Articles of Incorporation
By-Laws
Rules and Regulations
11. When we are talking about amending the documents, which of the following is correct?
A. If proviso made and percentage stated, then that percent
B. If no proviso, then 100%
C. If proviso made but no percentage stated, then 66 2/3%
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and joint ownership of ________ share in the common elements.
A. a percentage
B. an undivided
C. a proportional
D. a complete - ANSWER B. an undivided
Condominium means individual ownership of a unit coupled with joint ownership of an un-
divided 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
D. & 719 - ANSWER 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. - ANSWER D. All of the above.
1
,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 associa-
tion
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 - ANSWER 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 un-
til ________.
A. The majority of the owners vote otherwise
B. All of the owners agree
C. The developer cancels them
D. The community is terminated - ANSWER D. The community is terminated
When you purchase, you know that these covenants exist and will continue to exist for the
life of the condominium or parcel and upon resale, the next owner inherits the same cove-
nants. This is called running with the land.
2
,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 - ANSWER 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
C. Articles of Incorporation / Declaration
D. Articles of Incorporation / Bylaws - ANSWER C. Articles of Incorporation / Declaration
The Articles of Incorporation, also known as the Corporate Charter, are the documents that
create the association. The Condominium is established when the developer records the
Declaration of Condominium with the county clerk in the county seat of the county in which
the condominium is to be built.
8. What defines the membership and the voting rights of the Association?
A. Corporate Charter
B. Declaration of Condominium
C. By-Laws
D. Rules and Regulations - ANSWER A. Corporate Charter
The Articles of Incorporation, also known as the Corporate Charter, provide the framework
for the organization of the association and define its membership and the voting rights of
the members.
3
, 9. The ______ establish(es) the procedures for carrying out the day to day responsibilities of
the association.
A. Articles of Incorporation
B. Declaration of Condominium
C. By-laws
D. Rules and Regulations - ANSWER C. By-laws
The By-Laws establish the procedures for carrying out the association's responsibilities and
clarify the day-to-day duties necessary to carry out the responsibilities of the association.
10. If the governing documents of an association conflict, which of the following is the
proper order of priority?
A. By-laws, Declaration, Articles of Incorporation, Board Rules and Regulations
B. Declaration, Articles of Incorporation, By-laws, Board Rules & regulations
C. Articles of Incorporation, Declaration, By-laws, Board Rules and Regulations
D. Declaration, Board-approved Rules, Articles of Incorporation, By-laws - ANSWER B.
Declaration, Articles of Incorporation, By-laws, Board Rules & regulations
All of the documents should be consistent with each other. Their order of priority is:
Declaration of Condominium
Articles of Incorporation
By-Laws
Rules and Regulations
11. When we are talking about amending the documents, which of the following is correct?
A. If proviso made and percentage stated, then that percent
B. If no proviso, then 100%
C. If proviso made but no percentage stated, then 66 2/3%
4
