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Florida Community Association Manager Exam 2026 (180 Questions), CAM-FL101 – Condominium Law, HOA Management, Budgets & Board Governance

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This document contains approximately 180 verified questions and answers designed for the Florida Community Association Manager (CAM) License Exam 2026. It provides comprehensive coverage of condominium, cooperative, homeowners' association (HOA), and timeshare management principles under Florida law. The material is presented in a structured Q&A format across 18 pages, beginning with accounting record retention requirements, regulatory oversight, and association governance topics on page 1. The content offers in-depth preparation for CAM licensure by covering key areas such as condominium governance, board member responsibilities, association budgeting, reserve funding requirements, insurance obligations, elections, meeting notices, voting procedures, proxies, liens, assessments, and fiduciary duties. It also explores management contracts, turnover procedures, official records, financial reporting requirements, ADA compliance, cooperative ownership structures, and timeshare regulations. Numerous scenario-based questions help candidates apply Florida Statutes and administrative rules to practical association management situations, making the resource highly valuable for both exam preparation and professional development. This resource is ideal for students enrolled in Community Association Management (CAM-FL101), Property Management, Real Estate Administration, Business Administration, Housing Management, and Professional Licensing Preparation programs. It is particularly relevant for aspiring Community Association Managers, condominium managers, HOA managers, property administrators, board members, and professionals preparing for the Florida CAM licensing examination. It also benefits real estate professionals seeking a stronger understanding of association operations and governance requirements. The content aligns closely with the official Florida Community Association Manager licensing curriculum, Florida Statutes Chapters 718, 719, 720, and 721, Chapter 468 Part VIII, Florida Statutes, and the Florida Administrative Code governing community association management. These are the primary legal and educational references used in CAM licensing preparation throughout Florida. Keywords: florida cam exam, community association manager license, condominium law florida, hoa management exam, cooperative association management, condominium budgeting and reserves, florida association governance, board of directors responsibilities, condominium elections and proxies, association financial statements, florida statutes , cam license practice questions, property management certification, homeowners association law, community association administration

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Institution
Fl Cam
Course
Fl Cam

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Community Association
Manager License – Florida
2026 Exam Questions and
Answers | Already Graded A+



A condominium's accounting records created in 2021 must be

maintained until at least... - ANSWER ✔✔2028


The budget of the Division of Condominiums, Timeshares and Mobile

homes is partly funded by - ANSWER ✔✔Fees, fines, penalties and

court costs.

,A community association formed as a not-for-prot corporation is -

ANSWER ✔✔required to file an annual income tax return.


Joint ownership of common elements, exclusive ownership of a single

unit and ________________, are parts of the condominium concept. -

ANSWER ✔✔mandatory membership in the condominium

association

The scope of authority of the board of directors is NOT specically

provided in the - ANSWER ✔✔annual meeting minutes


What is the possible action the Department of Business and

Professional Regulations could take if a board director knowingly

violated the Condominium or Cooperative Acts? The director -

ANSWER ✔✔may be ned and charged criminally.


So long as a manager keeps separate accounting records, they may

lawfully commingle the funds for - ANSWER ✔✔two different

condominiums operated by one association.

What is the correct terminology for the dollar amount an association or

unit owner must pay before the insurance policy will cover for damages?

- ANSWER ✔✔deductible

, A restaurant located in a condominium building is part of the common

elements, and is leased to a restaurateur. To comply with the Americans

with Disabilities Act (ADA), the association must - ANSWER

✔✔ensure that the restaurant space complies with all requirements of

the Act.

The formal components of cooperative documents do NOT include -

ANSWER ✔✔the Florida Statutes.


Transfer of the control of the association of a cooperative apartment

building from the developer to the owners takes place - ANSWER

✔✔when no units are being offered for sale in the ordinary course of

business

What is the maximum number of consecutive years a condominium

board member may serve on the board, unless approved the

membership? - ANSWER ✔✔8


A condominium unit owner received notice of the board's intent to levy a

ne for a violation. If the ne committee does - ANSWER ✔✔not agree

with the fine, the fine cannot be levied.




3
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