FLORIDA COMMUNITY ASSOCIATION MANAGER PRELICENSURE COURSE
EXAM – QUESTIONS AND ANSWERS | EXAM TESTBANK WITH VERIFIED AND
WELL DETAILED ANSWERS | PLUS RATIONALES | DOWNLOAD AND PASS |
LATEST EXAM UPDATE 2026/2027
Core Domains
Florida Statutes Chapter 468 (Part VIII) – Community Association Management
Florida Administrative Code – DBPR Rules and Regulations
Chapter 718 (Condominiums), Chapter 719 (Cooperatives), and Chapter 720
(Homeowners' Associations)
Financial Management and Budgeting for Community Associations
Meeting Procedures and Official Records Management
Ethics, Professional Standards, and Fiduciary Duty
Risk Management, Insurance, and Contract Administration
Fair Housing Laws and Federal/State Compliance Requirements
Introduction
This comprehensive examination is designed to assess the knowledge, skills, and
decision-making abilities of candidates seeking licensure as a Community
Association Manager (CAM) in the state of Florida. The exam covers a wide range of
topics, including foundational legal principles, financial management,
administrative procedures, and professional ethics. Candidates will encounter a
balanced mix of multiple-choice questions and scenario-based applications that test
their ability to analyze complex situations and apply relevant statutes and rules.
Emphasis is placed on real-world application, ensuring that successful candidates
are prepared to navigate the regulatory landscape, fulfill their fiduciary duties, and
effectively manage community associations while adhering to the highest
professional standards.
,SECTION ONE: QUESTIONS 1 – 50
1. Under the provisions of Florida Statutes, Chapter 468, Part VIII, what is the
primary purpose of requiring a community association manager to be licensed?
A. To ensure the manager can generate profit for the association
B. To protect the health, safety, and welfare of the public by ensuring a standard
of professional competency
C. To allow the manager to serve as a director on the association's board
D. To require the manager to reside within the community they manage
🟢 Correct Answer: B. To protect the health, safety, and welfare of the public by
ensuring a standard of professional competency
🔴 Explanation: The licensing requirement under Chapter 468 is fundamentally a
consumer protection measure. It is designed to ensure that managers possess the
necessary competency to handle the legal, financial, and administrative
responsibilities of managing community associations, thereby safeguarding the
public interest.
2. A community association manager is serving as the secretary for a
condominium association board meeting. A homeowner makes a public comment
that becomes disruptive. What is the manager's most appropriate initial course of
action?
A. Immediately call the local sheriff's office to have the homeowner removed
B. Adjourn the meeting and reschedule for the following week
C. Remind the homeowner of the board's rules of conduct and request order
D. Instruct the board president to ignore the homeowner's comments
🟢 Correct Answer: C. Remind the homeowner of the board's rules of conduct
and request order
,🔴 Explanation: The manager's role is to assist the board in maintaining order per
the association's established rules of procedure. The initial step should be a
verbal request to restore decorum, escalating to removal only if the disruption
continues. This represents a measured and professional approach.
3. Which of the following is considered a "fiduciary duty" owed by a community
association manager to the association they manage?
A. The duty to maximize profits for the management company
B. The duty to act in good faith and with undivided loyalty to the association
C. The duty to personally arbitrate all disputes between unit owners
D. The duty to make all investment decisions for the association's reserve funds
🟢 Correct Answer: B. The duty to act in good faith and with undivided loyalty to
the association
🔴 Explanation: A fiduciary duty requires the manager to act in the best interest
of the association, placing the association's interests above their own or those of
the management company. This includes duties of loyalty, care, and good faith.
4. A condominium association is governed by Chapter 718, Florida Statutes. What
percentage of the total voting interests of the association is typically required to
amend a provision of the declaration of condominium, unless otherwise
specified?
A. A majority of the voting interests
B. Two-thirds of the voting interests
C. A supermajority of at least 66 2/3 percent of the total voting interests
D. 100 percent of the voting interests
🟢 Correct Answer: C. A supermajority of at least 66 2/3 percent of the total
voting interests
, 🔴 Explanation: Under Chapter 718.110, Florida Statutes, amendments to the
declaration generally require the approval of at least two-thirds (66 2/3%) of the
total voting interests of the condominium, unless the declaration itself provides
for a higher threshold.
5. Which financial document provides a snapshot of an association's financial
position at a specific point in time, detailing assets, liabilities, and equity?
A. Income Statement (Profit and Loss Statement)
B. Statement of Cash Flows
C. Balance Sheet (Statement of Financial Position)
D. General Ledger
🟢 Correct Answer: C. Balance Sheet (Statement of Financial Position)
🔴 Explanation: The balance sheet is the fundamental financial statement that
reports on an entity's assets, liabilities, and equity at a specific moment. It
provides a "snapshot" of the association's financial health, unlike the income
statement which covers a period of activity.
6. A homeowners' association (HOA) is governed by Chapter 720, Florida Statutes.
Within how many days after a board meeting must the minutes of that meeting
be available to members?
A. 15 days
B. 30 days
C. 45 days
D. 90 days
🟢 Correct Answer: C. 45 days
🔴 Explanation: Chapter 720.303(2)(c), Florida Statutes, mandates that the
minutes of all meetings of the board of directors of a homeowners' association
must be available to members within 45 days of the meeting.
EXAM – QUESTIONS AND ANSWERS | EXAM TESTBANK WITH VERIFIED AND
WELL DETAILED ANSWERS | PLUS RATIONALES | DOWNLOAD AND PASS |
LATEST EXAM UPDATE 2026/2027
Core Domains
Florida Statutes Chapter 468 (Part VIII) – Community Association Management
Florida Administrative Code – DBPR Rules and Regulations
Chapter 718 (Condominiums), Chapter 719 (Cooperatives), and Chapter 720
(Homeowners' Associations)
Financial Management and Budgeting for Community Associations
Meeting Procedures and Official Records Management
Ethics, Professional Standards, and Fiduciary Duty
Risk Management, Insurance, and Contract Administration
Fair Housing Laws and Federal/State Compliance Requirements
Introduction
This comprehensive examination is designed to assess the knowledge, skills, and
decision-making abilities of candidates seeking licensure as a Community
Association Manager (CAM) in the state of Florida. The exam covers a wide range of
topics, including foundational legal principles, financial management,
administrative procedures, and professional ethics. Candidates will encounter a
balanced mix of multiple-choice questions and scenario-based applications that test
their ability to analyze complex situations and apply relevant statutes and rules.
Emphasis is placed on real-world application, ensuring that successful candidates
are prepared to navigate the regulatory landscape, fulfill their fiduciary duties, and
effectively manage community associations while adhering to the highest
professional standards.
,SECTION ONE: QUESTIONS 1 – 50
1. Under the provisions of Florida Statutes, Chapter 468, Part VIII, what is the
primary purpose of requiring a community association manager to be licensed?
A. To ensure the manager can generate profit for the association
B. To protect the health, safety, and welfare of the public by ensuring a standard
of professional competency
C. To allow the manager to serve as a director on the association's board
D. To require the manager to reside within the community they manage
🟢 Correct Answer: B. To protect the health, safety, and welfare of the public by
ensuring a standard of professional competency
🔴 Explanation: The licensing requirement under Chapter 468 is fundamentally a
consumer protection measure. It is designed to ensure that managers possess the
necessary competency to handle the legal, financial, and administrative
responsibilities of managing community associations, thereby safeguarding the
public interest.
2. A community association manager is serving as the secretary for a
condominium association board meeting. A homeowner makes a public comment
that becomes disruptive. What is the manager's most appropriate initial course of
action?
A. Immediately call the local sheriff's office to have the homeowner removed
B. Adjourn the meeting and reschedule for the following week
C. Remind the homeowner of the board's rules of conduct and request order
D. Instruct the board president to ignore the homeowner's comments
🟢 Correct Answer: C. Remind the homeowner of the board's rules of conduct
and request order
,🔴 Explanation: The manager's role is to assist the board in maintaining order per
the association's established rules of procedure. The initial step should be a
verbal request to restore decorum, escalating to removal only if the disruption
continues. This represents a measured and professional approach.
3. Which of the following is considered a "fiduciary duty" owed by a community
association manager to the association they manage?
A. The duty to maximize profits for the management company
B. The duty to act in good faith and with undivided loyalty to the association
C. The duty to personally arbitrate all disputes between unit owners
D. The duty to make all investment decisions for the association's reserve funds
🟢 Correct Answer: B. The duty to act in good faith and with undivided loyalty to
the association
🔴 Explanation: A fiduciary duty requires the manager to act in the best interest
of the association, placing the association's interests above their own or those of
the management company. This includes duties of loyalty, care, and good faith.
4. A condominium association is governed by Chapter 718, Florida Statutes. What
percentage of the total voting interests of the association is typically required to
amend a provision of the declaration of condominium, unless otherwise
specified?
A. A majority of the voting interests
B. Two-thirds of the voting interests
C. A supermajority of at least 66 2/3 percent of the total voting interests
D. 100 percent of the voting interests
🟢 Correct Answer: C. A supermajority of at least 66 2/3 percent of the total
voting interests
, 🔴 Explanation: Under Chapter 718.110, Florida Statutes, amendments to the
declaration generally require the approval of at least two-thirds (66 2/3%) of the
total voting interests of the condominium, unless the declaration itself provides
for a higher threshold.
5. Which financial document provides a snapshot of an association's financial
position at a specific point in time, detailing assets, liabilities, and equity?
A. Income Statement (Profit and Loss Statement)
B. Statement of Cash Flows
C. Balance Sheet (Statement of Financial Position)
D. General Ledger
🟢 Correct Answer: C. Balance Sheet (Statement of Financial Position)
🔴 Explanation: The balance sheet is the fundamental financial statement that
reports on an entity's assets, liabilities, and equity at a specific moment. It
provides a "snapshot" of the association's financial health, unlike the income
statement which covers a period of activity.
6. A homeowners' association (HOA) is governed by Chapter 720, Florida Statutes.
Within how many days after a board meeting must the minutes of that meeting
be available to members?
A. 15 days
B. 30 days
C. 45 days
D. 90 days
🟢 Correct Answer: C. 45 days
🔴 Explanation: Chapter 720.303(2)(c), Florida Statutes, mandates that the
minutes of all meetings of the board of directors of a homeowners' association
must be available to members within 45 days of the meeting.
