Florida CAM Exam Prep Document | 2026/2027 Edition | 150
Verified Questions - 150 Questions with Answers
Florida CAM Exam 2026-150 QUESTIONS AND ANSWERS ALREADY GRADED A+. 100% Verified Solutions |
Updated Per Latest Florida Statutes | Graded A+
This comprehensive test bank is meticulously curated for the Florida Community Association Manager
(CAM) licensure exam, reflecting the most current Florida Statutes and industry standards. It contains
150 real exam questions with verified answers, designed to simulate the actual exam environment and
ensure thorough preparation. Each question is accompanied by detailed rationales to reinforce
understanding of key concepts. This resource is essential for aspiring CAMs seeking to pass the exam
with confidence on their first attempt.
Key Features:
Role and Responsibilities of the Community Association Manager
Florida Statutes Chapter 718 (Condominium Act)
Florida Statutes Chapter 719 (Cooperative Act)
Florida Statutes Chapter 720 (Homeowners' Association Act)
Financial Management and Accounting for Associations
Budgeting, Reserves, and Financial Reporting
Association Governance and Board Meetings
Elections, Voting, and Proxy Procedures
Maintenance, Repairs, and Architectural Control
Risk Management, Insurance, and Liability
Fair Housing and Anti-Discrimination Laws
Ethics, Fiduciary Duty, and Code of Conduct
Contract Management and Vendor Oversight
Records Management and Owner Inquiries
Collection and Delinquency Procedures
Dispute Resolution and Mediation
Recent Legislative Updates and Case Law
Exam Strategies and Test-Taking Tips
Updates for 2026:
- Updated to reflect the latest amendments to Florida Statutes 718, 719, and 720 as of 2026.
- Incorporates new case law and regulatory changes affecting community associations.
- Includes revised questions on emerging issues such as electronic voting and virtual meetings.
- Enhanced rationales to align with current DBPR (Department of Business and Professional Regulation)
guidelines.
- Expanded coverage of ethical scenarios and fiduciary responsibilities.
Abstract:
This test bank is an authoritative study resource for the Florida CAM examination, offering 150 meticulously
selected questions that mirror the content and difficulty of the actual exam. It systematically addresses all major
domains of community association management, from legal statutes and financial operations to governance and
ethical practices. Each question is paired with a verified answer and a detailed explanation, facilitating active
learning and retention. The material is updated to incorporate the latest legislative changes, ensuring that
candidates are fully prepared for the 2026/2027 exam cycle. By engaging with this comprehensive collection,
Page 1
,candidates can identify their strengths and weaknesses, refine their test-taking strategies, and approach the exam
with confidence. This resource is an indispensable tool for both new and experienced managers seeking to achieve
or renew their CAM license in Florida.
Keywords:
Florida CAM exam, Community Association Manager, Florida Statutes 718, Florida Statutes 719, Florida Statutes
720, Association financial management, CAM test bank, 2026 exam prep
Answer Format:
Each question is followed by the correct answer, clearly marked as 'Correct Answer: X', and a comprehensive
rationale explaining why the answer is correct and why the other options are incorrect. Rationales reference specific
Florida Statutes and best practices to reinforce learning and application.
Compliance Checklist:
Aligns with the Florida CAM licensure exam content outline
Updated to reflect 2026 Florida Statutes and administrative rules
Includes verified answers with detailed rationales
Covers all major domains and subtopics as per DBPR guidelines
Suitable for self-study and classroom use
Provides realistic practice to build exam confidence
Content Area Overview:
Content Area Questions Key Topics Weight
Role and Responsibilities of the 1-10 Duties, authority, limitations, relationship 7%
CAM with board
Florida Statutes - Condominium 11-30 Formation, powers, rights, obligations, 13%
Act (Ch. 718) termination
Florida Statutes - Cooperative 31-40 Similarities/differences, governance, 7%
Act (Ch. 719) financial provisions
Florida Statutes - Homeowners' 41-60 Powers, covenants, assessments, dispute 13%
Association Act (Ch. 720) resolution
Financial Management and 61-80 Budgeting, reserves, financial statements, 13%
Accounting audits
Association Governance and 81-95 Board meetings, member meetings, voting, 10%
Meetings proxies, minutes
Maintenance, Repairs, and 96-105 Maintenance responsibilities, repair 7%
Architectural Control procedures, architectural review
Risk Management and Insurance 106-115 Insurance types, liability, risk assessment, 7%
claims
Fair Housing and Ethics 116-125 Fair housing laws, discrimination, ethical 7%
duties, fiduciary duty
Contracts and Vendor 126-135 Contract negotiation, vendor selection, 7%
Management oversight, termination
Records Management and 136-145 Record retention, owner access, delinquent 7%
Collections assessments, collections
Dispute Resolution and Recent 146-150 Mediation, arbitration, legislative updates, 2%
Updates case law
Page 2
,Q1. A condominium association's board is considering a rule that restricts rental
leases to a minimum term of 12 months. The declaration is silent on rentals. Which
legal principle governs the validity of this rule?
A. The rule is valid if it is rationally related to the purpose of protecting property values
and is applied uniformly.
B. The rule is invalid because only unit owners, not the board, can adopt rental
restrictions without a membership vote.
C. The rule is valid only if it does not conflict with the Florida Fair Housing Act's
definition of 'family'.
D. The rule is invalid because it constitutes a substantial impairment of the unit owner's
right to alienate property.
Correct Answer: A. The rule is valid if it is rationally related to the purpose of
protecting property values and is applied uniformly.
Rationale: Florida courts apply a reasonableness standard to board-adopted rules,
requiring that they be rationally related to a legitimate purpose (e.g., preserving property
values) and not arbitrary or capricious. Rental restrictions are typically within board
authority unless the declaration or statute requires a membership vote. While the rule must
not violate fair housing laws, that is not the primary legal test here. The impairment of
alienation is not absolute; reasonable restrictions are permissible.
Why Wrong:
B - Boards generally have authority to adopt operational rules, including rental
restrictions, unless the declaration reserves such decisions to the members.
C - Fair housing compliance is a separate requirement, but it does not determine the
fundamental validity of a rental term restriction.
D - Reasonable restrictions on alienation are permissible; the rule would only be
invalid if it were arbitrary or confiscatory.
Reference: Florida Statutes §718.112(1)(m); Ch. 718, Fla. Stat.; Case law on rule
reasonableness (e.g., *Biscayne Landing*).
Q2. During a routine audit, an association discovers that the prior CAM collected
special assessment funds but failed to deposit them into the association's designated
account. Instead, the funds were held in the CAM's personal business account. Which
of the following is the most serious statutory violation?
A. Failure to maintain separate accounts for operating and reserve funds
B. Commingling of association funds with personal funds
C. Failure to obtain an annual audit
D. Failure to disclose the special assessment to the board
Correct Answer: B. Commingling of association funds with personal funds
Rationale: Florida law explicitly prohibits a CAM or association from commingling
association funds with personal funds. This is a severe breach of fiduciary duty and a
Page 3
, criminal offense under certain circumstances. The other options are also violations, but
commingling is the most serious and directly addresses the misappropriation described.
Why Wrong:
A - While separate accounts are required, the core issue is the use of a personal
account, which is commingling, not merely failure to separate reserves.
C - An audit requirement may apply, but the described act is a clear misappropriation,
not a reporting failure.
D - Failure to disclose is secondary; the actual act of holding funds personally is the
primary violation.
Reference: Fla. Stat. §718.3026(2); Chapter 61B-50, F.A.C.
Q3. A CAM is preparing the annual budget for a condominium association. The
declaration requires that reserves be funded for roof replacement, but the board
wants to waive reserves to reduce assessments. Which of the following is a correct
statement regarding reserve waivers?
A. The board may waive reserves only if a majority of all unit owners vote to do so at a
special meeting.
B. Reserves may be waived or reduced only if the declaration specifically allows for
waiver.
C. The board may waive reserves if it determines that the reserve is not necessary for
the upcoming year.
D. Reserves for deferred maintenance can be waived only with the approval of 75% of
the voting interests.
Correct Answer: B. Reserves may be waived or reduced only if the declaration
specifically allows for waiver.
Rationale: Under Florida law, reserve accounts required by the declaration or statute
cannot be waived unless the declaration permits such waiver. If the declaration mandates
reserves, the board lacks authority to waive them. Statutory provisions allow waiver only
when the declaration does not require reserves, and then only by a majority vote of the
unit owners. Thus, the declaration's language is dispositive.
Why Wrong:
A - A majority vote may be required for statutory reserves, but only if the declaration
does not require reserves; here the declaration requires them.
C - The board cannot override a declaration requirement based on its own
determination.
D - A 75% vote is not the statutory standard; the standard is majority of all voting
interests, and only if the declaration permits waiver.
Reference: Fla. Stat. §718.112(2)(f); §718.112(2)(e)
Page 4
Verified Questions - 150 Questions with Answers
Florida CAM Exam 2026-150 QUESTIONS AND ANSWERS ALREADY GRADED A+. 100% Verified Solutions |
Updated Per Latest Florida Statutes | Graded A+
This comprehensive test bank is meticulously curated for the Florida Community Association Manager
(CAM) licensure exam, reflecting the most current Florida Statutes and industry standards. It contains
150 real exam questions with verified answers, designed to simulate the actual exam environment and
ensure thorough preparation. Each question is accompanied by detailed rationales to reinforce
understanding of key concepts. This resource is essential for aspiring CAMs seeking to pass the exam
with confidence on their first attempt.
Key Features:
Role and Responsibilities of the Community Association Manager
Florida Statutes Chapter 718 (Condominium Act)
Florida Statutes Chapter 719 (Cooperative Act)
Florida Statutes Chapter 720 (Homeowners' Association Act)
Financial Management and Accounting for Associations
Budgeting, Reserves, and Financial Reporting
Association Governance and Board Meetings
Elections, Voting, and Proxy Procedures
Maintenance, Repairs, and Architectural Control
Risk Management, Insurance, and Liability
Fair Housing and Anti-Discrimination Laws
Ethics, Fiduciary Duty, and Code of Conduct
Contract Management and Vendor Oversight
Records Management and Owner Inquiries
Collection and Delinquency Procedures
Dispute Resolution and Mediation
Recent Legislative Updates and Case Law
Exam Strategies and Test-Taking Tips
Updates for 2026:
- Updated to reflect the latest amendments to Florida Statutes 718, 719, and 720 as of 2026.
- Incorporates new case law and regulatory changes affecting community associations.
- Includes revised questions on emerging issues such as electronic voting and virtual meetings.
- Enhanced rationales to align with current DBPR (Department of Business and Professional Regulation)
guidelines.
- Expanded coverage of ethical scenarios and fiduciary responsibilities.
Abstract:
This test bank is an authoritative study resource for the Florida CAM examination, offering 150 meticulously
selected questions that mirror the content and difficulty of the actual exam. It systematically addresses all major
domains of community association management, from legal statutes and financial operations to governance and
ethical practices. Each question is paired with a verified answer and a detailed explanation, facilitating active
learning and retention. The material is updated to incorporate the latest legislative changes, ensuring that
candidates are fully prepared for the 2026/2027 exam cycle. By engaging with this comprehensive collection,
Page 1
,candidates can identify their strengths and weaknesses, refine their test-taking strategies, and approach the exam
with confidence. This resource is an indispensable tool for both new and experienced managers seeking to achieve
or renew their CAM license in Florida.
Keywords:
Florida CAM exam, Community Association Manager, Florida Statutes 718, Florida Statutes 719, Florida Statutes
720, Association financial management, CAM test bank, 2026 exam prep
Answer Format:
Each question is followed by the correct answer, clearly marked as 'Correct Answer: X', and a comprehensive
rationale explaining why the answer is correct and why the other options are incorrect. Rationales reference specific
Florida Statutes and best practices to reinforce learning and application.
Compliance Checklist:
Aligns with the Florida CAM licensure exam content outline
Updated to reflect 2026 Florida Statutes and administrative rules
Includes verified answers with detailed rationales
Covers all major domains and subtopics as per DBPR guidelines
Suitable for self-study and classroom use
Provides realistic practice to build exam confidence
Content Area Overview:
Content Area Questions Key Topics Weight
Role and Responsibilities of the 1-10 Duties, authority, limitations, relationship 7%
CAM with board
Florida Statutes - Condominium 11-30 Formation, powers, rights, obligations, 13%
Act (Ch. 718) termination
Florida Statutes - Cooperative 31-40 Similarities/differences, governance, 7%
Act (Ch. 719) financial provisions
Florida Statutes - Homeowners' 41-60 Powers, covenants, assessments, dispute 13%
Association Act (Ch. 720) resolution
Financial Management and 61-80 Budgeting, reserves, financial statements, 13%
Accounting audits
Association Governance and 81-95 Board meetings, member meetings, voting, 10%
Meetings proxies, minutes
Maintenance, Repairs, and 96-105 Maintenance responsibilities, repair 7%
Architectural Control procedures, architectural review
Risk Management and Insurance 106-115 Insurance types, liability, risk assessment, 7%
claims
Fair Housing and Ethics 116-125 Fair housing laws, discrimination, ethical 7%
duties, fiduciary duty
Contracts and Vendor 126-135 Contract negotiation, vendor selection, 7%
Management oversight, termination
Records Management and 136-145 Record retention, owner access, delinquent 7%
Collections assessments, collections
Dispute Resolution and Recent 146-150 Mediation, arbitration, legislative updates, 2%
Updates case law
Page 2
,Q1. A condominium association's board is considering a rule that restricts rental
leases to a minimum term of 12 months. The declaration is silent on rentals. Which
legal principle governs the validity of this rule?
A. The rule is valid if it is rationally related to the purpose of protecting property values
and is applied uniformly.
B. The rule is invalid because only unit owners, not the board, can adopt rental
restrictions without a membership vote.
C. The rule is valid only if it does not conflict with the Florida Fair Housing Act's
definition of 'family'.
D. The rule is invalid because it constitutes a substantial impairment of the unit owner's
right to alienate property.
Correct Answer: A. The rule is valid if it is rationally related to the purpose of
protecting property values and is applied uniformly.
Rationale: Florida courts apply a reasonableness standard to board-adopted rules,
requiring that they be rationally related to a legitimate purpose (e.g., preserving property
values) and not arbitrary or capricious. Rental restrictions are typically within board
authority unless the declaration or statute requires a membership vote. While the rule must
not violate fair housing laws, that is not the primary legal test here. The impairment of
alienation is not absolute; reasonable restrictions are permissible.
Why Wrong:
B - Boards generally have authority to adopt operational rules, including rental
restrictions, unless the declaration reserves such decisions to the members.
C - Fair housing compliance is a separate requirement, but it does not determine the
fundamental validity of a rental term restriction.
D - Reasonable restrictions on alienation are permissible; the rule would only be
invalid if it were arbitrary or confiscatory.
Reference: Florida Statutes §718.112(1)(m); Ch. 718, Fla. Stat.; Case law on rule
reasonableness (e.g., *Biscayne Landing*).
Q2. During a routine audit, an association discovers that the prior CAM collected
special assessment funds but failed to deposit them into the association's designated
account. Instead, the funds were held in the CAM's personal business account. Which
of the following is the most serious statutory violation?
A. Failure to maintain separate accounts for operating and reserve funds
B. Commingling of association funds with personal funds
C. Failure to obtain an annual audit
D. Failure to disclose the special assessment to the board
Correct Answer: B. Commingling of association funds with personal funds
Rationale: Florida law explicitly prohibits a CAM or association from commingling
association funds with personal funds. This is a severe breach of fiduciary duty and a
Page 3
, criminal offense under certain circumstances. The other options are also violations, but
commingling is the most serious and directly addresses the misappropriation described.
Why Wrong:
A - While separate accounts are required, the core issue is the use of a personal
account, which is commingling, not merely failure to separate reserves.
C - An audit requirement may apply, but the described act is a clear misappropriation,
not a reporting failure.
D - Failure to disclose is secondary; the actual act of holding funds personally is the
primary violation.
Reference: Fla. Stat. §718.3026(2); Chapter 61B-50, F.A.C.
Q3. A CAM is preparing the annual budget for a condominium association. The
declaration requires that reserves be funded for roof replacement, but the board
wants to waive reserves to reduce assessments. Which of the following is a correct
statement regarding reserve waivers?
A. The board may waive reserves only if a majority of all unit owners vote to do so at a
special meeting.
B. Reserves may be waived or reduced only if the declaration specifically allows for
waiver.
C. The board may waive reserves if it determines that the reserve is not necessary for
the upcoming year.
D. Reserves for deferred maintenance can be waived only with the approval of 75% of
the voting interests.
Correct Answer: B. Reserves may be waived or reduced only if the declaration
specifically allows for waiver.
Rationale: Under Florida law, reserve accounts required by the declaration or statute
cannot be waived unless the declaration permits such waiver. If the declaration mandates
reserves, the board lacks authority to waive them. Statutory provisions allow waiver only
when the declaration does not require reserves, and then only by a majority vote of the
unit owners. Thus, the declaration's language is dispositive.
Why Wrong:
A - A majority vote may be required for statutory reserves, but only if the declaration
does not require reserves; here the declaration requires them.
C - The board cannot override a declaration requirement based on its own
determination.
D - A 75% vote is not the statutory standard; the standard is majority of all voting
interests, and only if the declaration permits waiver.
Reference: Fla. Stat. §718.112(2)(f); §718.112(2)(e)
Page 4
