FLORIDA CAM LICENSE PRACTICE EXAM 1|
FL COMMUNITY ASSOCIATION MANAGER |
QUESTIONS & ANSWERS
Question 1
Before determining the individual cooperative assessments, sums generated by other
revenue sources should be __________ by the board.
A. Added
B. Deducted
C. Suspended
D. Accrued
Correct Answer
B.
Question 2
The budget of the community association:
A. Is approved by the board
B. Is approved by the division after receiving the $4 per unit fee
C. Can be withdrawn if set by the division and exceeds last year's budget by 115%.
D. May be approved by the membership or board as determined by the community
documents.
Correct Answer
D.
Question 3
715, F.S.
Correct Answer
Towing of vehicles on private property
Page 1 of 197
,Question 4
The unit owners of the Water's Edge Condominium want to buy the adjacent property
for assist Iona local parking that will enlarge the common elements. The documents
are I lent with regard to the percentage of owners required to approve such a
purchase. What vote would be required?
A. 75%
B. Two-thirds of the entire membership
C. A majority vote of those present at a meeting
D. The Board can make this decision
Correct Answer
B.
Question 5
At the annual meeting of the Forever Happy Cooperative Association, the
membership has elected the new board. The membership meeting is adjourned. The
board then convenes its organizational meeting and the first order of business is the
election of the officers. Which body will elect the officers?
A. The main body of the association
B. Designated volunteers from the association
C. The board
D. The past president and treasurer
Correct Answer
C.
Question 6
Official 2017 community association records must be maintained until the end of:
A. 2017
B. 2022
C. 2024
D. 2020
Correct Answer
C.
Page 2 of 197
,Question 7
Owner receives notice of intent to file assessment lien
Correct Answer
45 Days
Question 8
The prohibition against discrimination based on familial status refers to:
A. The martial status of the individual
B. The age of the individual
C. The face that there are dependent children under the age of 18 living with the
individual
D. The age at which the parties may marry
Correct Answer
C.
Page 3 of 197
, Question 9
If the board of directors of a condominium or a cooperative does not give 30 days'
written notice of its intention to foreclose on a unit, the association:
A. Waives its rights to attorney's fees
B. May be counter-sued by the unit owner
C. Must withdraw the foreclosure action for six months
D. Must pay the unit owner's attorney's fees
Correct Answer
A.
Question 1: Under Florida Statutes Chapter 468, Part VIII, which of the
following is a mandatory requirement for an individual to obtain an initial
Community Association Manager (CAM) license?
A. Completion of a 16-hour pre-licensure education course and passage of the state
examination
B. Possession of a bachelor’s degree in business or real estate and two years of
association management experience
C. Submission of a surety bond in the amount of $50,000 and proof of general
liability insurance
D. Appointment by a licensed community association management firm and
completion of a background check only
CORRECT ANSWER: A. Completion of a 16-hour pre-licensure education course
and passage of the state examination
Rationale: Florida law requires applicants for an initial CAM license to complete a
board-approved 16-hour pre-licensure education program covering the required
topics and to pass the state licensing examination administered by the Department
of Business and Professional Regulation. A degree or bond is not a statutory
prerequisite for licensure.
Question 2: A community association manager is preparing the annual budget
for a condominium association governed by Chapter 718. Which of the
following statements regarding reserve funding is correct?
A. Reserves for roof replacement may be waived indefinitely by a majority vote of
the board of directors
B. Reserves for deferred maintenance and capital expenditures must be fully funded
unless waived by a majority of the total voting interests present at a duly called
meeting
C. Reserves are optional for associations with fewer than 50 units
D. The association may use reserve funds for operating expenses without unit owner
approval if the board declares a financial emergency
Page 4 of 197
FL COMMUNITY ASSOCIATION MANAGER |
QUESTIONS & ANSWERS
Question 1
Before determining the individual cooperative assessments, sums generated by other
revenue sources should be __________ by the board.
A. Added
B. Deducted
C. Suspended
D. Accrued
Correct Answer
B.
Question 2
The budget of the community association:
A. Is approved by the board
B. Is approved by the division after receiving the $4 per unit fee
C. Can be withdrawn if set by the division and exceeds last year's budget by 115%.
D. May be approved by the membership or board as determined by the community
documents.
Correct Answer
D.
Question 3
715, F.S.
Correct Answer
Towing of vehicles on private property
Page 1 of 197
,Question 4
The unit owners of the Water's Edge Condominium want to buy the adjacent property
for assist Iona local parking that will enlarge the common elements. The documents
are I lent with regard to the percentage of owners required to approve such a
purchase. What vote would be required?
A. 75%
B. Two-thirds of the entire membership
C. A majority vote of those present at a meeting
D. The Board can make this decision
Correct Answer
B.
Question 5
At the annual meeting of the Forever Happy Cooperative Association, the
membership has elected the new board. The membership meeting is adjourned. The
board then convenes its organizational meeting and the first order of business is the
election of the officers. Which body will elect the officers?
A. The main body of the association
B. Designated volunteers from the association
C. The board
D. The past president and treasurer
Correct Answer
C.
Question 6
Official 2017 community association records must be maintained until the end of:
A. 2017
B. 2022
C. 2024
D. 2020
Correct Answer
C.
Page 2 of 197
,Question 7
Owner receives notice of intent to file assessment lien
Correct Answer
45 Days
Question 8
The prohibition against discrimination based on familial status refers to:
A. The martial status of the individual
B. The age of the individual
C. The face that there are dependent children under the age of 18 living with the
individual
D. The age at which the parties may marry
Correct Answer
C.
Page 3 of 197
, Question 9
If the board of directors of a condominium or a cooperative does not give 30 days'
written notice of its intention to foreclose on a unit, the association:
A. Waives its rights to attorney's fees
B. May be counter-sued by the unit owner
C. Must withdraw the foreclosure action for six months
D. Must pay the unit owner's attorney's fees
Correct Answer
A.
Question 1: Under Florida Statutes Chapter 468, Part VIII, which of the
following is a mandatory requirement for an individual to obtain an initial
Community Association Manager (CAM) license?
A. Completion of a 16-hour pre-licensure education course and passage of the state
examination
B. Possession of a bachelor’s degree in business or real estate and two years of
association management experience
C. Submission of a surety bond in the amount of $50,000 and proof of general
liability insurance
D. Appointment by a licensed community association management firm and
completion of a background check only
CORRECT ANSWER: A. Completion of a 16-hour pre-licensure education course
and passage of the state examination
Rationale: Florida law requires applicants for an initial CAM license to complete a
board-approved 16-hour pre-licensure education program covering the required
topics and to pass the state licensing examination administered by the Department
of Business and Professional Regulation. A degree or bond is not a statutory
prerequisite for licensure.
Question 2: A community association manager is preparing the annual budget
for a condominium association governed by Chapter 718. Which of the
following statements regarding reserve funding is correct?
A. Reserves for roof replacement may be waived indefinitely by a majority vote of
the board of directors
B. Reserves for deferred maintenance and capital expenditures must be fully funded
unless waived by a majority of the total voting interests present at a duly called
meeting
C. Reserves are optional for associations with fewer than 50 units
D. The association may use reserve funds for operating expenses without unit owner
approval if the board declares a financial emergency
Page 4 of 197
