The 2026/2027 CAM Gauntlet: 250
Questions to Crack the Florida Real
Estate Code
1. What Florida Statute governs condominium associations?
• Answer: Chapter 718, Florida Statutes
2. What Florida Statute governs cooperative associations?
• Answer: Chapter 719, Florida Statutes
3. What Florida Statute governs homeowners' associations (HOAs)?
• Answer: Chapter 720, Florida Statutes
4. What is the definition of a community association?
• Answer: A residential homeowners' association in which membership is a
condition of ownership (mandatory) of a unit in a planned unit development,
lot for a home or mobile home, townhouse, villa, condominium, cooperative,
or other residential unit that is part of a residential development scheme and
is authorized to impose a fee (assessment) that may become a lien on the
parcel .
5. What document creates the association?
• Answer: The Articles of Incorporation (also known as the Corporate Charter)
create the association .
6. What document establishes the condominium?
• Answer: The Declaration of Condominium, recorded with the county clerk in
the county where the condominium is built .
7. What document establishes procedures for day-to-day operations of the
association?
• Answer: The Bylaws .
8. What is the proper order of priority when governing documents conflict?
, • Answer: Declaration, Articles of Incorporation, Bylaws, Board Rules and
Regulations .
9. What Florida Statute covers vacation and timeshare plans?
• Answer: Chapter 721, Florida Statutes .
10. How does ownership work in a cooperative?
• Answer: Joint ownership of real property where title is vested in the
association or corporation and individuals own shares in the corporation .
11. What is an assessment?
• Answer: The amount of money a unit or parcel owner pays for their share of
the association's expenses. The statute allows the association to file an
assessment lien against the unit or parcel if unpaid .
12. What vote is required to approve a special assessment exceeding 15% of the
annual budget in a condominium?
• Answer: Two-thirds of the voting interests .
13. When must a community association's financial records be audited?
• Answer: Condominium associations with annual revenues of $500,000 or
more must have their financial records audited annually .
14. How long must general ledger and related financial records be retained?
• Answer: A minimum of seven years .
15. What must be included as a separate line item in the annual budget for
condominium associations?
• Answer: Reserve contributions .
16. What is the primary purpose of a community association?
• Answer: To provide for the upkeep and maintenance of common property .
17. True or False: Purchasers of a timeshare plan have a ten-day contract
rescission period.
• Answer: True .
,18. What is an estoppel certificate?
• Answer: A document that must be provided to a prospective condominium
buyer at least three days before executing a contract. It discloses the unit's
financial status, including assessments due and any violations .
19. What are limited common elements?
• Answer: Property in a condominium reserved for the exclusive use and
benefit of specific units .
20. What is the definition of a covenant?
• Answer: A commitment, agreement, or contract that grants a right or imposes
a liability on the property or its owner .
21. What is the minimum notice required for an annual or special meeting?
• Answer: No less than 14 days' written notice .
22. What is required to amend governing documents if the documents provide
for amendment but do not state a percentage?
• Answer: Two-thirds (66 2/3%) of the owners must agree to the amendment .
23. What is required to amend governing documents if no provision for
amendment exists?
• Answer: 100% of owners must agree .
24. When does an amendment to HOA declaration become effective?
• Answer: When recorded with the clerk of the circuit court .
25. What activity constitutes unlicensed practice of community association
management?
• Answer: Providing legal advice to the board of directors .
26. What information must be disclosed on the condominium contract of sale
regarding reserves?
, • Answer: The contract must state in conspicuous type (10-point font) whether
the developer established reserve accounts, posted a surety bond, or provided
like-new warranties .
27. What is required before a condominium association can suspend voting
rights for delinquency?
• Answer: The member must be more than 90 days delinquent on any
monetary obligation, and for condominiums, the delinquency must be more
than $1,000. Proof must be provided 30 days before the suspension .
28. How many votes are required to approve a special assessment exceeding
15% of the annual budget?
• Answer: Two-thirds of the voting interests .
29. What document defines membership and voting rights of the association?
• Answer: The Articles of Incorporation (Corporate Charter) .
30. What is a proprietary lease in a cooperative?
• Answer: A document signed by the corporation and the individual for the
exclusive use of a unit, pad, or space .
31. A board member of a condominium or cooperative association may not
accept anything of value providing goods or services to the association for
personal benefit EXCEPT for what?
• Answer: Items received at trade fairs or educational programs .
32. What must a CAM do when there is a change in mailing address or email
address?
• Answer: Notify the DBPR within 30 days of the change .
33. What is the DBPR authority regarding a CAM convicted of a crime involving
moral turpitude?
• Answer: The DBPR may suspend or revoke the CAM license .
34. What does the Florida Fair Housing Act prohibit?
Questions to Crack the Florida Real
Estate Code
1. What Florida Statute governs condominium associations?
• Answer: Chapter 718, Florida Statutes
2. What Florida Statute governs cooperative associations?
• Answer: Chapter 719, Florida Statutes
3. What Florida Statute governs homeowners' associations (HOAs)?
• Answer: Chapter 720, Florida Statutes
4. What is the definition of a community association?
• Answer: A residential homeowners' association in which membership is a
condition of ownership (mandatory) of a unit in a planned unit development,
lot for a home or mobile home, townhouse, villa, condominium, cooperative,
or other residential unit that is part of a residential development scheme and
is authorized to impose a fee (assessment) that may become a lien on the
parcel .
5. What document creates the association?
• Answer: The Articles of Incorporation (also known as the Corporate Charter)
create the association .
6. What document establishes the condominium?
• Answer: The Declaration of Condominium, recorded with the county clerk in
the county where the condominium is built .
7. What document establishes procedures for day-to-day operations of the
association?
• Answer: The Bylaws .
8. What is the proper order of priority when governing documents conflict?
, • Answer: Declaration, Articles of Incorporation, Bylaws, Board Rules and
Regulations .
9. What Florida Statute covers vacation and timeshare plans?
• Answer: Chapter 721, Florida Statutes .
10. How does ownership work in a cooperative?
• Answer: Joint ownership of real property where title is vested in the
association or corporation and individuals own shares in the corporation .
11. What is an assessment?
• Answer: The amount of money a unit or parcel owner pays for their share of
the association's expenses. The statute allows the association to file an
assessment lien against the unit or parcel if unpaid .
12. What vote is required to approve a special assessment exceeding 15% of the
annual budget in a condominium?
• Answer: Two-thirds of the voting interests .
13. When must a community association's financial records be audited?
• Answer: Condominium associations with annual revenues of $500,000 or
more must have their financial records audited annually .
14. How long must general ledger and related financial records be retained?
• Answer: A minimum of seven years .
15. What must be included as a separate line item in the annual budget for
condominium associations?
• Answer: Reserve contributions .
16. What is the primary purpose of a community association?
• Answer: To provide for the upkeep and maintenance of common property .
17. True or False: Purchasers of a timeshare plan have a ten-day contract
rescission period.
• Answer: True .
,18. What is an estoppel certificate?
• Answer: A document that must be provided to a prospective condominium
buyer at least three days before executing a contract. It discloses the unit's
financial status, including assessments due and any violations .
19. What are limited common elements?
• Answer: Property in a condominium reserved for the exclusive use and
benefit of specific units .
20. What is the definition of a covenant?
• Answer: A commitment, agreement, or contract that grants a right or imposes
a liability on the property or its owner .
21. What is the minimum notice required for an annual or special meeting?
• Answer: No less than 14 days' written notice .
22. What is required to amend governing documents if the documents provide
for amendment but do not state a percentage?
• Answer: Two-thirds (66 2/3%) of the owners must agree to the amendment .
23. What is required to amend governing documents if no provision for
amendment exists?
• Answer: 100% of owners must agree .
24. When does an amendment to HOA declaration become effective?
• Answer: When recorded with the clerk of the circuit court .
25. What activity constitutes unlicensed practice of community association
management?
• Answer: Providing legal advice to the board of directors .
26. What information must be disclosed on the condominium contract of sale
regarding reserves?
, • Answer: The contract must state in conspicuous type (10-point font) whether
the developer established reserve accounts, posted a surety bond, or provided
like-new warranties .
27. What is required before a condominium association can suspend voting
rights for delinquency?
• Answer: The member must be more than 90 days delinquent on any
monetary obligation, and for condominiums, the delinquency must be more
than $1,000. Proof must be provided 30 days before the suspension .
28. How many votes are required to approve a special assessment exceeding
15% of the annual budget?
• Answer: Two-thirds of the voting interests .
29. What document defines membership and voting rights of the association?
• Answer: The Articles of Incorporation (Corporate Charter) .
30. What is a proprietary lease in a cooperative?
• Answer: A document signed by the corporation and the individual for the
exclusive use of a unit, pad, or space .
31. A board member of a condominium or cooperative association may not
accept anything of value providing goods or services to the association for
personal benefit EXCEPT for what?
• Answer: Items received at trade fairs or educational programs .
32. What must a CAM do when there is a change in mailing address or email
address?
• Answer: Notify the DBPR within 30 days of the change .
33. What is the DBPR authority regarding a CAM convicted of a crime involving
moral turpitude?
• Answer: The DBPR may suspend or revoke the CAM license .
34. What does the Florida Fair Housing Act prohibit?
