Florida Community Association Manager Prelicensure
Course Exam (Latest) || Most Recent Exam 2026|2027
Actual Complete Real Exam Questions And Correctly
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After purchasing the mobile home park, the residents form a
community association and hire a paid manager. The manager
must be licensed under Part VIII of Chapter 468 if the budget of
the association exceeds:
A.$50,000
B.$75,000
C.$100,00
D.$125,000 - ANSWER-C.
Ms. Nocredit's community association assessment account is
delinquent. The Florida Law-Abiding Homeowners' Association
may file a claim of lien for the delinquent assessment after
revising her with how many days' notice of intent to lien? A. 30
B. 25
C. 15
D. 45 - ANSWER-D.
Community associations having annual receipts of at least
$300,000.00 but less than $500,000.00 must make available to
unit owners which of the following types of financials
statements unless waived?
,A. Reported
B. Compiled
C. Corrected and accurate D. Reviewed. - ANSWER-D.
All associations ______________________ to file an annual
income tax return.
A. Are
required
B. Are not
required.
C. Are required to file under Section 528 of
the Code
D. Are never required -
ANSWER-A.
Joe Tighwad, a condominium board member. Is always slow to
pay his monetary obligations to the association. If he becomes
more than _____ day delinquent, he will automatically be
removed from the board.
A. 30
B. 60
C. 90
D. 120 - ANSWER-C.
Chapter 718 & 719, F.S. Require the board-adopted annual
budget to include reserves fo which of the following
choices? I. Roof replacement and pavement resurfacing.
II. Building Painting
,III.Seal coating and restraining all asphalt areas that currently
costs $8,000.00 IV. Replacement of the light fixtures and
poles at six tennis courts that currently cost $18,000.
A. I
Above
B. I and II
above
C. I, II, and IV
above.
D. II and III above. -
ANSWER-C.
When estimating the reserve requirements for its annual
budget, the Villas
Condominium Association board
must consider:
A. The estimated insurable interest of the association
B. Estimated current deferred maintenance expense or
replacement cost of the service component and its estimated
remaining useful life.
C. The estimated replacement cost at the time the component
was new.
D. The estimated useful life of each component as
recommended by volunteer building and grounds committee.
- ANSWER-B.
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. - ANSWER-D.
To reconsider the budget of the Over-Spend Condominium,
which applies? A. 10% of the board must petition for
reconsideration.
B. A meeting of the board must be called within 30 days of
the receipt of the petition.
C. A notice to all board members must be delivered with 10
days after the meeting.
D. The original budget must have been board-approved and
the assessment for operating expenses must be greater than
115% of the prior year's assessment for operating expenses, -
ANSWER-D.
A parcel owner in a homeowners' association has rented her
unit to a tenant. She is delinquent in the payment of her
assessment. How long does the association have to wait before
making a demand on the tenant to pay the rent to the
association
A. The association must wait until the owner is more than 90
days delinquent B. The association may not make a demand
that the tenant pay the rent to the association.
C. The association may make the demand as soon as the owner
is delinquent D. The association must wait until the owner is
Course Exam (Latest) || Most Recent Exam 2026|2027
Actual Complete Real Exam Questions And Correctly
Well Defined Answers (Expert Verified Answers)
Already Graded A+ | Guaranteed Success!! Newest
Exam | Just Released!!
After purchasing the mobile home park, the residents form a
community association and hire a paid manager. The manager
must be licensed under Part VIII of Chapter 468 if the budget of
the association exceeds:
A.$50,000
B.$75,000
C.$100,00
D.$125,000 - ANSWER-C.
Ms. Nocredit's community association assessment account is
delinquent. The Florida Law-Abiding Homeowners' Association
may file a claim of lien for the delinquent assessment after
revising her with how many days' notice of intent to lien? A. 30
B. 25
C. 15
D. 45 - ANSWER-D.
Community associations having annual receipts of at least
$300,000.00 but less than $500,000.00 must make available to
unit owners which of the following types of financials
statements unless waived?
,A. Reported
B. Compiled
C. Corrected and accurate D. Reviewed. - ANSWER-D.
All associations ______________________ to file an annual
income tax return.
A. Are
required
B. Are not
required.
C. Are required to file under Section 528 of
the Code
D. Are never required -
ANSWER-A.
Joe Tighwad, a condominium board member. Is always slow to
pay his monetary obligations to the association. If he becomes
more than _____ day delinquent, he will automatically be
removed from the board.
A. 30
B. 60
C. 90
D. 120 - ANSWER-C.
Chapter 718 & 719, F.S. Require the board-adopted annual
budget to include reserves fo which of the following
choices? I. Roof replacement and pavement resurfacing.
II. Building Painting
,III.Seal coating and restraining all asphalt areas that currently
costs $8,000.00 IV. Replacement of the light fixtures and
poles at six tennis courts that currently cost $18,000.
A. I
Above
B. I and II
above
C. I, II, and IV
above.
D. II and III above. -
ANSWER-C.
When estimating the reserve requirements for its annual
budget, the Villas
Condominium Association board
must consider:
A. The estimated insurable interest of the association
B. Estimated current deferred maintenance expense or
replacement cost of the service component and its estimated
remaining useful life.
C. The estimated replacement cost at the time the component
was new.
D. The estimated useful life of each component as
recommended by volunteer building and grounds committee.
- ANSWER-B.
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. - ANSWER-D.
To reconsider the budget of the Over-Spend Condominium,
which applies? A. 10% of the board must petition for
reconsideration.
B. A meeting of the board must be called within 30 days of
the receipt of the petition.
C. A notice to all board members must be delivered with 10
days after the meeting.
D. The original budget must have been board-approved and
the assessment for operating expenses must be greater than
115% of the prior year's assessment for operating expenses, -
ANSWER-D.
A parcel owner in a homeowners' association has rented her
unit to a tenant. She is delinquent in the payment of her
assessment. How long does the association have to wait before
making a demand on the tenant to pay the rent to the
association
A. The association must wait until the owner is more than 90
days delinquent B. The association may not make a demand
that the tenant pay the rent to the association.
C. The association may make the demand as soon as the owner
is delinquent D. The association must wait until the owner is
