Florida CAM Exam Study Guide |
Complete Exam Prep Pack
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** Questions with Verified Answer
** New Edition |Updated
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** 100% Correct Answers | Graded A+
,A Community Association is generally defined as real or True
personal property, owned by two or more entities, which
share the responsibility for the costs of maintenance and
administration
Purchasers of a timeshare plan have a ten day contract True
rescission period in which to cancel the purchase
The Florida Fair Housing Act prohibits discrimination on True
the basis of handicap
A valid Declaration of Condominium must contain True
easements for ingress and egress to all units and the
common elements
Compliance with the Construction Lien Law is very False. The board should consult an attorney.
technical and can have an impact on title to property.
Therefore the board should always consult with the
manager regarding lien issues
Corporate Charter Articles of Incorporation are also known as the
Establishes the power and authority of the community Articles of Incorporation ( Corporate Charter)
Association
Establishes the corporate entity that is responsible for
management, maintenance and operation of the
community association
Is based in corporate law
Florida Not for Profit Corporate Act FS 617
Florida Corporate Act FS 607
Conducting business and Community Association affairs Powers that are granted in FS 617
Operating and managing the association property and
assets
Suing and defending against actions
Lending money for association purposes
Acquiring Property
Entering into contracts and purchasing items that are
required for operations and maintenance
Incurring liabilities
Borrowing funds
Mortgaging community association properties
Condominium Act FS 718
Form of joint ownership of real property that comprises: What is a condominium?
Exclusive ownership of each unit
Joint undivided share of common elements
Required membership in the community association
Cooperative Act FS 719
, Mandatory Homeowner's Association FS 720
Mandatory contents of a declaration ( condos) FS 718.104
Definitions of the corporate entity, powers of association, FS 718.111
easements, rights of access to unit, insurance, official
records of the association, community directory, financial
reporting requirements, purchase of units, purchase of
land and recreation leases, operations of condominiums
created prior to January 1, 1977, commingling
FS 718.1124 Definitions of required contents of bylaws, including administration, notice
requirements, quorum, proxies, voting requirements, elections, electronic voting,
candidate eligibility, director certificate/education requirements, recalls,
arbitration, timeshare condominium exceptions, board and member meetings,
Annual budget requirements, assessments, amendment of bylaws, transfer fees,
director and officer delinquencies and offenses, common elements ( limited
power to convey to a condemning authority)
FS 718.113 Maintenance requirements, display of flags and religious decorations, hurricane
shutters, and other types of code-complaint hurricane protection
FS 718.114 Association powers, acquisition of leasehold memberships and other possessory
or use interests
FS 718.115 Common Expenses and common surplus, expense and credits for hurricane
protection, communication expenses
FS 718.116 Liability for not paying common expenses, including the right to assess interest,
lien, foreclose, and collect rents from delinquent members etc., liability of first
mortgage holder, liability of previous owners
FS 718.303 Provides that if a member is more than 90 days delinquent or has failed to
comply with his or her monetary obligation that is due to the community
association, or has failed to comply with the documents or reasonable rules, the
right to use common elements can be suspended. Provides fining authority and
procedures.
The pH of the pool water must be maintained at: 7.2-7.8
Condominium and Cooperative Associations pay an $4.00/ Year
annual fee of $_______ per residential unity, per ______
to the DFCTSMH Trust Fund
A windstorm self insurance pool must include 3 or more True
associations, all of which must be residential, with not
less than 50 units.
The member must place an election ballot in an inner Procedures for voting in secret for members who are not in attendance at the
envelope, and place the inner envelope in an outer annual meeting.
envelope, which the member signs.
The purpose of Regulatory Council of Community Provide licensure exam and continuing education requirements for CAMS
Association Managers is to
Complete Exam Prep Pack
** Expert-Verified Explanation
** Questions with Verified Answer
** New Edition |Updated
** Guaranteed Pass
** 100% Correct Answers | Graded A+
,A Community Association is generally defined as real or True
personal property, owned by two or more entities, which
share the responsibility for the costs of maintenance and
administration
Purchasers of a timeshare plan have a ten day contract True
rescission period in which to cancel the purchase
The Florida Fair Housing Act prohibits discrimination on True
the basis of handicap
A valid Declaration of Condominium must contain True
easements for ingress and egress to all units and the
common elements
Compliance with the Construction Lien Law is very False. The board should consult an attorney.
technical and can have an impact on title to property.
Therefore the board should always consult with the
manager regarding lien issues
Corporate Charter Articles of Incorporation are also known as the
Establishes the power and authority of the community Articles of Incorporation ( Corporate Charter)
Association
Establishes the corporate entity that is responsible for
management, maintenance and operation of the
community association
Is based in corporate law
Florida Not for Profit Corporate Act FS 617
Florida Corporate Act FS 607
Conducting business and Community Association affairs Powers that are granted in FS 617
Operating and managing the association property and
assets
Suing and defending against actions
Lending money for association purposes
Acquiring Property
Entering into contracts and purchasing items that are
required for operations and maintenance
Incurring liabilities
Borrowing funds
Mortgaging community association properties
Condominium Act FS 718
Form of joint ownership of real property that comprises: What is a condominium?
Exclusive ownership of each unit
Joint undivided share of common elements
Required membership in the community association
Cooperative Act FS 719
, Mandatory Homeowner's Association FS 720
Mandatory contents of a declaration ( condos) FS 718.104
Definitions of the corporate entity, powers of association, FS 718.111
easements, rights of access to unit, insurance, official
records of the association, community directory, financial
reporting requirements, purchase of units, purchase of
land and recreation leases, operations of condominiums
created prior to January 1, 1977, commingling
FS 718.1124 Definitions of required contents of bylaws, including administration, notice
requirements, quorum, proxies, voting requirements, elections, electronic voting,
candidate eligibility, director certificate/education requirements, recalls,
arbitration, timeshare condominium exceptions, board and member meetings,
Annual budget requirements, assessments, amendment of bylaws, transfer fees,
director and officer delinquencies and offenses, common elements ( limited
power to convey to a condemning authority)
FS 718.113 Maintenance requirements, display of flags and religious decorations, hurricane
shutters, and other types of code-complaint hurricane protection
FS 718.114 Association powers, acquisition of leasehold memberships and other possessory
or use interests
FS 718.115 Common Expenses and common surplus, expense and credits for hurricane
protection, communication expenses
FS 718.116 Liability for not paying common expenses, including the right to assess interest,
lien, foreclose, and collect rents from delinquent members etc., liability of first
mortgage holder, liability of previous owners
FS 718.303 Provides that if a member is more than 90 days delinquent or has failed to
comply with his or her monetary obligation that is due to the community
association, or has failed to comply with the documents or reasonable rules, the
right to use common elements can be suspended. Provides fining authority and
procedures.
The pH of the pool water must be maintained at: 7.2-7.8
Condominium and Cooperative Associations pay an $4.00/ Year
annual fee of $_______ per residential unity, per ______
to the DFCTSMH Trust Fund
A windstorm self insurance pool must include 3 or more True
associations, all of which must be residential, with not
less than 50 units.
The member must place an election ballot in an inner Procedures for voting in secret for members who are not in attendance at the
envelope, and place the inner envelope in an outer annual meeting.
envelope, which the member signs.
The purpose of Regulatory Council of Community Provide licensure exam and continuing education requirements for CAMS
Association Managers is to
