FL CAM Exam and Practice Exam Newest 2026 Test Bank |
Florida Community Association Manager Pre-Licensing
Exam Prep with Complete 250 Verified Questions | 2026/2027
Edition
FL CAM Pre-Licensing Exam 2026-2027 Questions and Answers Already Graded A+. 100% Verified Solutions |
Updated Per Latest Florida DBPR Guidelines | Graded A+
This comprehensive test bank contains 250 verified questions designed to prepare candidates for the
Florida Community Association Manager (CAM) Pre-Licensing Exam. Covering all key content areas
required by the Florida Department of Business and Professional Regulation (DBPR), this resource
ensures thorough understanding of community association management principles, laws, and best
practices. Each question includes detailed rationales and explanations to reinforce learning and boost
exam confidence. Updated for the 2026/2027 academic year, this document is an essential tool for
achieving a passing score on the first attempt.
Abstract:
This test bank is meticulously curated to align with the Florida Community Association Manager Pre-Licensing
Exam blueprint, covering all domains tested: governance, financial management, operations, human resources,
ethics, and regulatory compliance. Each of the 250 questions is designed to mirror the style and difficulty of the
actual exam, with detailed answer explanations that clarify correct and incorrect options. The content reflects the
most current Florida statutes, administrative rules, and industry standards as of 2026. This resource is ideal for
self-study, group review, or as a supplement to formal coursework. By mastering these questions, candidates will
develop the critical thinking and application skills necessary to manage community associations effectively and
ethically. The test bank is organized by content area for targeted review, and includes a full practice exam to
simulate the testing experience. All answers are verified by subject matter experts to ensure accuracy and
relevance.
Content Area Overview:
Content Area Questions Key Topics Weight
Governance and Legal 1-50 Association governance, documents 20%
Framework (bylaws, CC&Rs), board roles, meetings,
elections, Florida Statutes Chapters 718,
719, 720
Financial Management 51-100 Budgeting, reserves, assessments, financial 20%
reporting, audits, collections, investment of
funds
Operations and Maintenance 101-150 Property maintenance, vendor contracts, 20%
insurance, risk management, safety, disaster
preparedness
Human Resources and Volunteer 151-180 Staff hiring/supervision, volunteer 12%
Management coordination, board-staff relations,
employment law basics
Ethics and Professional 181-210 Code of ethics, conflict of interest, fiduciary 12%
Standards duty, confidentiality, professional conduct
Page 1
,Regulatory Compliance and 211-250 Recordkeeping, meeting notices, owner 16%
Communication communications, fair housing, ADA,
OSHA, data privacy
Page 2
,Q1. A condominium association's board fails to maintain a reserve account for
deferred maintenance as required by Florida Statute 718.112(2)(f). A unit owner sues.
Which legal remedy is most likely available?
A. The court may appoint a receiver to manage the association's finances and enforce
reserve funding.
B. The court may dissolve the association and order a partition sale of the common
elements.
C. The court may impose a fine on each board member personally for breach of
fiduciary duty.
D. The court may order the association to levy a special assessment to fund the reserves
retroactively.
Correct Answer: A. The court may appoint a receiver to manage the association's
finances and enforce reserve funding.
Rationale: Under Florida law, if an association fails to maintain reserves as required, a
unit owner may seek appointment of a receiver to ensure compliance. Dissolution (B) is
not a remedy for reserve violations. Personal fines (C) are not statutory remedies.
Retroactive special assessments (D) are not mandated by the statute; the court's equitable
power allows receiver appointment.
Why Wrong:
B - Dissolution and partition sale are remedies for termination of the condominium,
not for reserve fund deficiencies.
C - Florida law does not provide for personal fines on board members for reserve
non-compliance; the remedy is against the association.
D - A court cannot order a retroactive special assessment; the proper remedy is
prospective enforcement via receiver.
Reference: Florida Statute 718.112(2)(f); Chapter 718, Part I
Q2. A homeowners' association (HOA) board, without membership approval, enters
into a 15-year maintenance contract with a landscaping company. The governing
documents require membership approval for contracts exceeding 5 years. Which
statement best describes the contract's enforceability?
A. The contract is void ab initio because the board exceeded its authority.
B. The contract is voidable by the association, not automatically void.
C. The contract is enforceable until a court declares it void.
D. The contract is binding because the board has implied authority to manage
association affairs.
Correct Answer: B. The contract is voidable by the association, not automatically
void.
Page 3
, Rationale: When a board acts beyond its authority under the governing documents, the
contract is voidable, not void. The association may ratify or disaffirm the contract. It is not
void ab initio (A) because the board had apparent authority. Enforceability until court
action (C) is not accurate; the association can disaffirm without court order. Implied
authority (D) does not override express limitations in the documents.
Why Wrong:
A - Void ab initio requires that the contract be illegal or against public policy; here it
is merely beyond board authority, making it voidable.
C - The association may disaffirm the contract without a court declaration; it is not
automatically enforceable until challenged.
D - Implied authority cannot override express restrictions in the governing documents.
Reference: Florida Statute 720.3075; Restatement (Second) of Agency § 194
Q3. A condominium association's annual budget shows a deficit in the operating
account. The board proposes to transfer funds from the reserve account to cover the
shortfall. Under Florida Statute 718.112(2)(f), what is required for such a transfer?
A. A majority vote of the board at a properly noticed meeting.
B. Approval by a majority of all unit owners at a special meeting.
C. A two-thirds vote of the board and notice to unit owners of the transfer within 30
days.
D. Approval by the division of Florida condominiums and unit owners representing
10% of the voting interests.
Correct Answer: B. Approval by a majority of all unit owners at a special meeting.
Rationale: Florida law requires that reserve funds may be used only for their intended
purpose unless the membership approves otherwise. A majority vote of all unit owners is
required to authorize a transfer from reserves to operating. Board vote alone (A) is
insufficient. Two-thirds board vote (C) is not statutory. Division approval (D) is not
required for such transfers.
Why Wrong:
A - Board authority is limited; membership approval is statutorily mandated for
non-reserve use of reserve funds.
C - The statute does not provide for a two-thirds board vote; it requires unit owner
approval.
D - The Division of Florida Condominiums does not approve internal budget
transfers; owner vote is required.
Reference: Florida Statute 718.112(2)(f)
Q4. A cooperative association's board schedules a meeting to discuss a proposed
special assessment. The governing documents require 14 days' notice for regular
meetings but are silent on special meetings. Florida Statute 719.106(1)(d) requires at
Page 4
Florida Community Association Manager Pre-Licensing
Exam Prep with Complete 250 Verified Questions | 2026/2027
Edition
FL CAM Pre-Licensing Exam 2026-2027 Questions and Answers Already Graded A+. 100% Verified Solutions |
Updated Per Latest Florida DBPR Guidelines | Graded A+
This comprehensive test bank contains 250 verified questions designed to prepare candidates for the
Florida Community Association Manager (CAM) Pre-Licensing Exam. Covering all key content areas
required by the Florida Department of Business and Professional Regulation (DBPR), this resource
ensures thorough understanding of community association management principles, laws, and best
practices. Each question includes detailed rationales and explanations to reinforce learning and boost
exam confidence. Updated for the 2026/2027 academic year, this document is an essential tool for
achieving a passing score on the first attempt.
Abstract:
This test bank is meticulously curated to align with the Florida Community Association Manager Pre-Licensing
Exam blueprint, covering all domains tested: governance, financial management, operations, human resources,
ethics, and regulatory compliance. Each of the 250 questions is designed to mirror the style and difficulty of the
actual exam, with detailed answer explanations that clarify correct and incorrect options. The content reflects the
most current Florida statutes, administrative rules, and industry standards as of 2026. This resource is ideal for
self-study, group review, or as a supplement to formal coursework. By mastering these questions, candidates will
develop the critical thinking and application skills necessary to manage community associations effectively and
ethically. The test bank is organized by content area for targeted review, and includes a full practice exam to
simulate the testing experience. All answers are verified by subject matter experts to ensure accuracy and
relevance.
Content Area Overview:
Content Area Questions Key Topics Weight
Governance and Legal 1-50 Association governance, documents 20%
Framework (bylaws, CC&Rs), board roles, meetings,
elections, Florida Statutes Chapters 718,
719, 720
Financial Management 51-100 Budgeting, reserves, assessments, financial 20%
reporting, audits, collections, investment of
funds
Operations and Maintenance 101-150 Property maintenance, vendor contracts, 20%
insurance, risk management, safety, disaster
preparedness
Human Resources and Volunteer 151-180 Staff hiring/supervision, volunteer 12%
Management coordination, board-staff relations,
employment law basics
Ethics and Professional 181-210 Code of ethics, conflict of interest, fiduciary 12%
Standards duty, confidentiality, professional conduct
Page 1
,Regulatory Compliance and 211-250 Recordkeeping, meeting notices, owner 16%
Communication communications, fair housing, ADA,
OSHA, data privacy
Page 2
,Q1. A condominium association's board fails to maintain a reserve account for
deferred maintenance as required by Florida Statute 718.112(2)(f). A unit owner sues.
Which legal remedy is most likely available?
A. The court may appoint a receiver to manage the association's finances and enforce
reserve funding.
B. The court may dissolve the association and order a partition sale of the common
elements.
C. The court may impose a fine on each board member personally for breach of
fiduciary duty.
D. The court may order the association to levy a special assessment to fund the reserves
retroactively.
Correct Answer: A. The court may appoint a receiver to manage the association's
finances and enforce reserve funding.
Rationale: Under Florida law, if an association fails to maintain reserves as required, a
unit owner may seek appointment of a receiver to ensure compliance. Dissolution (B) is
not a remedy for reserve violations. Personal fines (C) are not statutory remedies.
Retroactive special assessments (D) are not mandated by the statute; the court's equitable
power allows receiver appointment.
Why Wrong:
B - Dissolution and partition sale are remedies for termination of the condominium,
not for reserve fund deficiencies.
C - Florida law does not provide for personal fines on board members for reserve
non-compliance; the remedy is against the association.
D - A court cannot order a retroactive special assessment; the proper remedy is
prospective enforcement via receiver.
Reference: Florida Statute 718.112(2)(f); Chapter 718, Part I
Q2. A homeowners' association (HOA) board, without membership approval, enters
into a 15-year maintenance contract with a landscaping company. The governing
documents require membership approval for contracts exceeding 5 years. Which
statement best describes the contract's enforceability?
A. The contract is void ab initio because the board exceeded its authority.
B. The contract is voidable by the association, not automatically void.
C. The contract is enforceable until a court declares it void.
D. The contract is binding because the board has implied authority to manage
association affairs.
Correct Answer: B. The contract is voidable by the association, not automatically
void.
Page 3
, Rationale: When a board acts beyond its authority under the governing documents, the
contract is voidable, not void. The association may ratify or disaffirm the contract. It is not
void ab initio (A) because the board had apparent authority. Enforceability until court
action (C) is not accurate; the association can disaffirm without court order. Implied
authority (D) does not override express limitations in the documents.
Why Wrong:
A - Void ab initio requires that the contract be illegal or against public policy; here it
is merely beyond board authority, making it voidable.
C - The association may disaffirm the contract without a court declaration; it is not
automatically enforceable until challenged.
D - Implied authority cannot override express restrictions in the governing documents.
Reference: Florida Statute 720.3075; Restatement (Second) of Agency § 194
Q3. A condominium association's annual budget shows a deficit in the operating
account. The board proposes to transfer funds from the reserve account to cover the
shortfall. Under Florida Statute 718.112(2)(f), what is required for such a transfer?
A. A majority vote of the board at a properly noticed meeting.
B. Approval by a majority of all unit owners at a special meeting.
C. A two-thirds vote of the board and notice to unit owners of the transfer within 30
days.
D. Approval by the division of Florida condominiums and unit owners representing
10% of the voting interests.
Correct Answer: B. Approval by a majority of all unit owners at a special meeting.
Rationale: Florida law requires that reserve funds may be used only for their intended
purpose unless the membership approves otherwise. A majority vote of all unit owners is
required to authorize a transfer from reserves to operating. Board vote alone (A) is
insufficient. Two-thirds board vote (C) is not statutory. Division approval (D) is not
required for such transfers.
Why Wrong:
A - Board authority is limited; membership approval is statutorily mandated for
non-reserve use of reserve funds.
C - The statute does not provide for a two-thirds board vote; it requires unit owner
approval.
D - The Division of Florida Condominiums does not approve internal budget
transfers; owner vote is required.
Reference: Florida Statute 718.112(2)(f)
Q4. A cooperative association's board schedules a meeting to discuss a proposed
special assessment. The governing documents require 14 days' notice for regular
meetings but are silent on special meetings. Florida Statute 719.106(1)(d) requires at
Page 4
