An election of the board of directors of a condominium association is required if there are
a. the same number of candidates as there are seats available.
b. more candidates than there are seats available.
c. fewer candidates than there are seats available.
d. only five incumbent members consenting to run for election. - ANSWER b. An election
is not required unless more candidates are running than the number of vacancies that exist.
The official records of a condominium or cooperative must be retained
a. in the office of the association's attorney.
b. in the office of the association's president or treasurer.
c. in the association's office or with an association officer.
d. in any office within the state of Florida. - ANSWER c. Records must be maintained in
the office of the association or with an officer of the association.
Which of the following actions by a condominium association's director is NOT considered a
criminal or illegal activity?
a. The director derives personal benefit from his or her position.
b. The director acts recklessly.
c. The director acts in a manner showing willful disregard of human rights, safety, or prop-
erty.
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,d. The director makes a mistake while acting in a manner he or she considers prudent and
reasonable. - ANSWER d. A director may make a mistake while acting in a manner he or
she considers prudent and reasonable without it being considered criminal or illegal.
A website is required for a condominium
a. when there are 100 or fewer units in the condominium
b. if there are more than 9 directors on the board
c. when there are 100 or more non-owner-occupied units
d. when there are 150 or more units in the condominium - ANSWER d. An association
managing a condominium with 150 or more units must maintain a website.
Unless the governing documents provide for particular terms, each directors' terms are
a. for a maximum of two years after the election.
b. limited to one year.
c. reviewed every year.
d. limited to three years. - ANSWER b. Unless the association's articles or bylaws provide
for a different term, all directors serve for a one-year period and their term will expire with
the election of their successors at the next annual meeting.
For condominiums, what is the time requirement for a budget meeting notice to be posted
and mailed?
a. 2 days
b. 14 days
c. 7 days
d. 60 days - ANSWER b. Meetings where the new budget of a condominium association
will be considered require 14 days posted and mailed notice.
2
,The developer may elect at least one director on a homeowner's association board as long
as the developer has at least what percent of the parcels for sale?
a. 20
b. 10
c. 15
d. 5 - ANSWER d. The developer is entitled to elect at least one director as long as it holds
at least 5% of the parcels/lots for sale.
When the declaration of the condominium neglects to define a procedure for an amend-
ment to the governing documents, the declaration may be amended if approved by
a. a majority vote of the board of directors.
b. not less than 3/4 of the voting interests.
c. approval by all of the owners.
d. not less than 2/3 of the voting interests. - ANSWER d. Most documents provide the
percentage needed. If they do not, then amendments can only be made by the owners of
not less than two-thirds of the units.
In a Homeowners' Association, the owner owns
a. the house, but none of the land.
b. the house plus any porches, patios and balconies.
c. the land, but not the house.
d. the house and land, out to the roadway. - ANSWER d. An owner in an HOA, per Florida
Statute, owns the house and the land that extends out to the roadway.
Which of the following applies when a condominium unit owner has leased his unit to a ten-
ant?
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, a. The owner keeps the owner's right to use the pool and the tenant has the right to use it as
a guest.
b. Both the owner and the tenant have the right to use the pool as if they were both owners.
c. The tenant assumes the rights of the owner to use the pool and the owner may use it as a
guest.
d. The board can give the owner the right to use the pool during the term of the lease. - AN-
SWER c. The tenant has all of the rights of the owner and the owner forfeits his/her
owner rights and only retains guest privileges.
When a condominium association has a declaration that allows them power to approve or
disapprove leases, that means that the association also has the power to
a. require the tenant to make a security deposit.
b. require the unit owner to pay a transfer or screening fee.
c. disapprove a proposed lease of a unit owner whose assessment is delinquent.
d. disapprove multiple rentals of a unit within a period of one year. - ANSWER b. If the
approval rights are expressly permitted in the documents and a fee is authorized, then a
transfer fee of up to $150 can be charged under the condominium statute.
If a unit owner is over one month late paying an assessment, if stipulated in the governing
documents, a condominium board has the authority to
a. deny the owner access to the gym until the assessment is paid.
b. withhold voting rights from the owner until the assessment is paid.
c. levy a late fee not to exceed the greater of $25 or 5% of each delinquent assessment.
d. levy a fine of $200 against the owner. - ANSWER c. As long as the documents state this,
a late fee of $25 or 5% may be charged.
Unless waived, what kind of financial statement must be provided to association members
of a condominium with 275 units and annual revenues of $285,000?
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a. the same number of candidates as there are seats available.
b. more candidates than there are seats available.
c. fewer candidates than there are seats available.
d. only five incumbent members consenting to run for election. - ANSWER b. An election
is not required unless more candidates are running than the number of vacancies that exist.
The official records of a condominium or cooperative must be retained
a. in the office of the association's attorney.
b. in the office of the association's president or treasurer.
c. in the association's office or with an association officer.
d. in any office within the state of Florida. - ANSWER c. Records must be maintained in
the office of the association or with an officer of the association.
Which of the following actions by a condominium association's director is NOT considered a
criminal or illegal activity?
a. The director derives personal benefit from his or her position.
b. The director acts recklessly.
c. The director acts in a manner showing willful disregard of human rights, safety, or prop-
erty.
1
,d. The director makes a mistake while acting in a manner he or she considers prudent and
reasonable. - ANSWER d. A director may make a mistake while acting in a manner he or
she considers prudent and reasonable without it being considered criminal or illegal.
A website is required for a condominium
a. when there are 100 or fewer units in the condominium
b. if there are more than 9 directors on the board
c. when there are 100 or more non-owner-occupied units
d. when there are 150 or more units in the condominium - ANSWER d. An association
managing a condominium with 150 or more units must maintain a website.
Unless the governing documents provide for particular terms, each directors' terms are
a. for a maximum of two years after the election.
b. limited to one year.
c. reviewed every year.
d. limited to three years. - ANSWER b. Unless the association's articles or bylaws provide
for a different term, all directors serve for a one-year period and their term will expire with
the election of their successors at the next annual meeting.
For condominiums, what is the time requirement for a budget meeting notice to be posted
and mailed?
a. 2 days
b. 14 days
c. 7 days
d. 60 days - ANSWER b. Meetings where the new budget of a condominium association
will be considered require 14 days posted and mailed notice.
2
,The developer may elect at least one director on a homeowner's association board as long
as the developer has at least what percent of the parcels for sale?
a. 20
b. 10
c. 15
d. 5 - ANSWER d. The developer is entitled to elect at least one director as long as it holds
at least 5% of the parcels/lots for sale.
When the declaration of the condominium neglects to define a procedure for an amend-
ment to the governing documents, the declaration may be amended if approved by
a. a majority vote of the board of directors.
b. not less than 3/4 of the voting interests.
c. approval by all of the owners.
d. not less than 2/3 of the voting interests. - ANSWER d. Most documents provide the
percentage needed. If they do not, then amendments can only be made by the owners of
not less than two-thirds of the units.
In a Homeowners' Association, the owner owns
a. the house, but none of the land.
b. the house plus any porches, patios and balconies.
c. the land, but not the house.
d. the house and land, out to the roadway. - ANSWER d. An owner in an HOA, per Florida
Statute, owns the house and the land that extends out to the roadway.
Which of the following applies when a condominium unit owner has leased his unit to a ten-
ant?
3
, a. The owner keeps the owner's right to use the pool and the tenant has the right to use it as
a guest.
b. Both the owner and the tenant have the right to use the pool as if they were both owners.
c. The tenant assumes the rights of the owner to use the pool and the owner may use it as a
guest.
d. The board can give the owner the right to use the pool during the term of the lease. - AN-
SWER c. The tenant has all of the rights of the owner and the owner forfeits his/her
owner rights and only retains guest privileges.
When a condominium association has a declaration that allows them power to approve or
disapprove leases, that means that the association also has the power to
a. require the tenant to make a security deposit.
b. require the unit owner to pay a transfer or screening fee.
c. disapprove a proposed lease of a unit owner whose assessment is delinquent.
d. disapprove multiple rentals of a unit within a period of one year. - ANSWER b. If the
approval rights are expressly permitted in the documents and a fee is authorized, then a
transfer fee of up to $150 can be charged under the condominium statute.
If a unit owner is over one month late paying an assessment, if stipulated in the governing
documents, a condominium board has the authority to
a. deny the owner access to the gym until the assessment is paid.
b. withhold voting rights from the owner until the assessment is paid.
c. levy a late fee not to exceed the greater of $25 or 5% of each delinquent assessment.
d. levy a fine of $200 against the owner. - ANSWER c. As long as the documents state this,
a late fee of $25 or 5% may be charged.
Unless waived, what kind of financial statement must be provided to association members
of a condominium with 275 units and annual revenues of $285,000?
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