FL CAM PRACTICE EXAM #1 – COMPLETE QUESTIONS
WITH 100% VERIFIED ANSWERS AND EXPLANATIONS
1. 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. $100,000
D. $125,000
Correct Answer: C. $100,000
Explanation: Under Florida law, a community association manager must
be licensed if the association's total annual budget meets or exceeds
$100,000. This threshold triggers the licensing requirement under Part
VIII of Chapter 468, Florida Statutes.
2. 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
,Correct Answer: B. cooperative
Explanation: In a cooperative, the corporation or association holds legal
title to the entire property. Individual owners purchase shares in the
cooperative corporation, which grants them a proprietary lease to
occupy a specific unit. The individual does not hold direct legal title to
the unit itself.
3. 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
Correct Answer: A. time-share property
Explanation: A time-share allows multiple owners to have rights to use
a property, typically in one-week intervals, throughout the year. Each
owner holds an interest in the property for a specific period.
4. 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
,Correct Answer: 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
Explanation: Appurtenances are rights and privileges that run with the
land in a condominium or cooperative. These include easement rights,
association membership, percentage ownership in common areas, and
club membership rights that transfer with the property.
5. 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
Correct Answer: B. capable of performing community association
management services
Explanation: Licensure under Part VIII of Chapter 468 certifies that the
person or firm is qualified and authorized to perform community
association management services in Florida.
, 6. 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.
Correct Answer: B. 720, F.S.
Explanation: Chapter 720, Florida Statutes, governs mandatory
homeowners' associations that are not condominiums or cooperatives.
This chapter establishes the rights and obligations of these associations,
including lien rights for unpaid assessments.
7. 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
Correct Answer: A. for items received at trade fairs or educational
programs
Explanation: Board members are prohibited from accepting anything of
value from vendors providing goods or services to the association. The
WITH 100% VERIFIED ANSWERS AND EXPLANATIONS
1. 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. $100,000
D. $125,000
Correct Answer: C. $100,000
Explanation: Under Florida law, a community association manager must
be licensed if the association's total annual budget meets or exceeds
$100,000. This threshold triggers the licensing requirement under Part
VIII of Chapter 468, Florida Statutes.
2. 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
,Correct Answer: B. cooperative
Explanation: In a cooperative, the corporation or association holds legal
title to the entire property. Individual owners purchase shares in the
cooperative corporation, which grants them a proprietary lease to
occupy a specific unit. The individual does not hold direct legal title to
the unit itself.
3. 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
Correct Answer: A. time-share property
Explanation: A time-share allows multiple owners to have rights to use
a property, typically in one-week intervals, throughout the year. Each
owner holds an interest in the property for a specific period.
4. 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
,Correct Answer: 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
Explanation: Appurtenances are rights and privileges that run with the
land in a condominium or cooperative. These include easement rights,
association membership, percentage ownership in common areas, and
club membership rights that transfer with the property.
5. 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
Correct Answer: B. capable of performing community association
management services
Explanation: Licensure under Part VIII of Chapter 468 certifies that the
person or firm is qualified and authorized to perform community
association management services in Florida.
, 6. 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.
Correct Answer: B. 720, F.S.
Explanation: Chapter 720, Florida Statutes, governs mandatory
homeowners' associations that are not condominiums or cooperatives.
This chapter establishes the rights and obligations of these associations,
including lien rights for unpaid assessments.
7. 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
Correct Answer: A. for items received at trade fairs or educational
programs
Explanation: Board members are prohibited from accepting anything of
value from vendors providing goods or services to the association. The
