FL CAM Practice Exam #1 Updated Actual
Question and Answer (2026/2027) | Final
Review
• 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 -✓✓ A.
• A community association board acts on behalf of the association members under
the concept of:
A. Collective bargaining
B. Majority rules
C. Chair rulings
D. Personal preferences. -✓✓ B.
• A cooperative developer failing to pay the required fee or make the proper filings
to the division:
A. May be fined $150 per unit
B. May be fined $150 per day of delinquency
C. May offer the units for sale
D. May not offer the units for sale -✓✓ D.
,• 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. -✓✓ B.
• A special meeting of the membership is to be held and proper notice is given to
the membership. Which applies?
A. Only items on the agenda included in the notice may be considered at the
meeting
B. Only budget items may be considered if approved by a majority of those present
C. The members may bring any new items before the body for consideration
D. The board may add items to the agenda after the meeting has been convened -
✓✓ A.
• 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 -✓✓ B.
• A valid proxy given by one of the owners of the Never-Show Condominium
Assocaition may:
A. Serves as a proxy only
, B. Not serve as a voting certificate under any circumstance
C. Serves as a valid proxy and voting certificate if given by one of the multiple
owners.
D. Serves as a voting certificate only if given by one of the multiple owners -✓✓
C.
• A valid proxy must contain:
A. A date and the signature of the owner(s) or shareholder(s)
B. The reason the proxy is given
C. The name of the person voting the proxy, who must be resident owner
D.. The exact time the meeting will end -✓✓ A.
• A water line breaks in the common area of the All Wet Condominium and the
manager needs to provide the plumber access to one of the units to repair the
leaking pipe. The owner is not home and has not provided the association with a
key? What action may the manager take?
A. The manager may enter the unit by any means necessary to access the leaking
pipe.
B. The manager needs to locate the owner and obtain permission to enter the unit
C. The manager can tell the plumber to come back when the owner is home
D. The manager needs to call the association president and get instructions on what
to do. -✓✓ A.
• Acme Real Estate Service Company, a licensed real estate broker, desires to
perform community association management services on a contractual basis for
several community associations with total of 240 units. Which of the following
statements is correct?
A. ACME must apply for a license as a community association management firm,
designate on the application one licensed community associations manager who
Question and Answer (2026/2027) | Final
Review
• 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 -✓✓ A.
• A community association board acts on behalf of the association members under
the concept of:
A. Collective bargaining
B. Majority rules
C. Chair rulings
D. Personal preferences. -✓✓ B.
• A cooperative developer failing to pay the required fee or make the proper filings
to the division:
A. May be fined $150 per unit
B. May be fined $150 per day of delinquency
C. May offer the units for sale
D. May not offer the units for sale -✓✓ D.
,• 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. -✓✓ B.
• A special meeting of the membership is to be held and proper notice is given to
the membership. Which applies?
A. Only items on the agenda included in the notice may be considered at the
meeting
B. Only budget items may be considered if approved by a majority of those present
C. The members may bring any new items before the body for consideration
D. The board may add items to the agenda after the meeting has been convened -
✓✓ A.
• 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 -✓✓ B.
• A valid proxy given by one of the owners of the Never-Show Condominium
Assocaition may:
A. Serves as a proxy only
, B. Not serve as a voting certificate under any circumstance
C. Serves as a valid proxy and voting certificate if given by one of the multiple
owners.
D. Serves as a voting certificate only if given by one of the multiple owners -✓✓
C.
• A valid proxy must contain:
A. A date and the signature of the owner(s) or shareholder(s)
B. The reason the proxy is given
C. The name of the person voting the proxy, who must be resident owner
D.. The exact time the meeting will end -✓✓ A.
• A water line breaks in the common area of the All Wet Condominium and the
manager needs to provide the plumber access to one of the units to repair the
leaking pipe. The owner is not home and has not provided the association with a
key? What action may the manager take?
A. The manager may enter the unit by any means necessary to access the leaking
pipe.
B. The manager needs to locate the owner and obtain permission to enter the unit
C. The manager can tell the plumber to come back when the owner is home
D. The manager needs to call the association president and get instructions on what
to do. -✓✓ A.
• Acme Real Estate Service Company, a licensed real estate broker, desires to
perform community association management services on a contractual basis for
several community associations with total of 240 units. Which of the following
statements is correct?
A. ACME must apply for a license as a community association management firm,
designate on the application one licensed community associations manager who
