CAM - Florida Community Association Manager Exam Questions and Correct Answers

CAM - Florida Community Association
Manager Exam Questions and Correct
Answers
Question 1
The Big Bucks condominium Association wants to pay their officers and directors for
performing their services to encourage more of the members to participate in
association activities. Which applies?
A. Homeowners' associations formed under Florida's general corporate statute
prohibit payment to officers and directors
B. The Board of Governors should review the association documents to determine
how the payment can be made
C. Chapter 617, F.S. Prohibits payment to officers and directors in all cases.
D. The board may pay officers only; directors may not receive any compensation
Correct Answer
B.



Question 2
Easement
Correct Answer
Rights given to another person or entity to trespass or use the land or property that
is owned by someone else. Example: a road



Question 3
Section 528, internal Revenue Code
Correct Answer
Option for filing annual Federal tax return for community associations




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,Question 4
Agenda and notice requirements for both membership and directors' meetings are
found in the association's:
A. Code of conduct
B. Rules and Regulations
C. Resolution of procedures
D. Bylaws
Correct Answer
D.



Question 5
An appointed board member serves:
A. Until a budget meeting is called
B. The remaining term of the member replaced.
C. Until officers elect or appoint a successor
D. Unit the next quarter
Correct Answer
B.



Question 6
The best way to notify unit owners of the due date and delinquency date of
assessment is to:
A. Include the dates with assessment notices
B. Mail a separate notice of the dates
C. Post the date on the bulletin board
D. Instruct the manager to notify each resident of the date

Correct Answer
A.




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,Question 7
Which of the following statements is correct regarding the waiver of the reserve
requirement in the budget of a community association?
A. The membership of a homeowners' association may only vote to waive the budget
for two consecutive years
B. The membership of a condominium may waive the reserve requirement for as
many years as it so desires.
C. The membership of a condominium or a cooperative may only waive the reserve
requirement for three consecutive years
D. The membership of a homeowners' association may never waive the reserve
requirement.
Correct Answer
B.



Question 8
Even though the Sycamore Condominium Association's annual membership meeting
did not have a quorum present, the scheduled election of board members would be
valid if what percentage of the members cast valid ballots?
A.10%
B.20%
C.40%
D.51%
Correct Answer
B.



Question 9
Owner receives notice of intent to foreclose assessment lien and/or to recover a
money judgement
Correct Answer
45 Days




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, Question 10
The community association statute require that each association's governing
documents be recoreded with which of the following to be effective?
A. The Department of Business and Professional Regulation,
B. The clear of the circuit court.
C. The recording office.
D. The Division of Florida Condominiums, Timeshares and Mobile Homes
Correct Answer
B.



Question 11
When a community association receives a request for a certificate of assessment, the
board deliver the certificate within ____ days.
A. 7
B. 10
C. 15
D. 21
Correct Answer
B.



Question 12
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.
Correct Answer
B.




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