Florida CAM Exam
Questions & Answers |
Latest Already Graded
A+ |Questions with
Correct Answers 2026
latest update!!
A Community Association is generally defined as real orTrue
personal property, owned by two or more entities, which share
the responsibility for the costs of maintenance and administration
Purchasers of a timeshare plan have a ten day contractTrue
rescission period in which to cancel the purchase
The Florida Fair Housing Act prohibits discrimination onTrue the
basis of handicap
, A valid Declaration of Condominium must contain True
easements for ingress and egress to all units and the
common elements
Compliance with the Construction Lien Law is very False. The board should consult an attorney.
technical and can have an impact on title to property.
Therefore the board should always consult with the
manager regarding lien issues
Corporate Charter Articles of Incorporation are also known as the
Establishes the power and authority of the community Articles of Incorporation ( Corporate Charter)
Association
Establishes the corporate entity that is responsible for
management, maintenance and operation of the
community association
Is based in corporate law
Florida Not for Profit Corporate Act FS 617
Florida Corporate Act FS 607
Conducting business and Community Association affairsPowers that are granted in FS 617
Operating and managing the association property and
assets
Suing and defending against actions
Lending money for association purposes
Acquiring Property
Entering into contracts and purchasing items that are
required for operations and maintenance
Incurring liabilities
Borrowing funds
Mortgaging community association properties
Condominium Act FS 718
Form of joint ownership of real property that comprises: What is a condominium?
Exclusive ownership of each unit
Joint undivided share of common elements
Required membership in the community association
Questions & Answers |
Latest Already Graded
A+ |Questions with
Correct Answers 2026
latest update!!
A Community Association is generally defined as real orTrue
personal property, owned by two or more entities, which share
the responsibility for the costs of maintenance and administration
Purchasers of a timeshare plan have a ten day contractTrue
rescission period in which to cancel the purchase
The Florida Fair Housing Act prohibits discrimination onTrue the
basis of handicap
, A valid Declaration of Condominium must contain True
easements for ingress and egress to all units and the
common elements
Compliance with the Construction Lien Law is very False. The board should consult an attorney.
technical and can have an impact on title to property.
Therefore the board should always consult with the
manager regarding lien issues
Corporate Charter Articles of Incorporation are also known as the
Establishes the power and authority of the community Articles of Incorporation ( Corporate Charter)
Association
Establishes the corporate entity that is responsible for
management, maintenance and operation of the
community association
Is based in corporate law
Florida Not for Profit Corporate Act FS 617
Florida Corporate Act FS 607
Conducting business and Community Association affairsPowers that are granted in FS 617
Operating and managing the association property and
assets
Suing and defending against actions
Lending money for association purposes
Acquiring Property
Entering into contracts and purchasing items that are
required for operations and maintenance
Incurring liabilities
Borrowing funds
Mortgaging community association properties
Condominium Act FS 718
Form of joint ownership of real property that comprises: What is a condominium?
Exclusive ownership of each unit
Joint undivided share of common elements
Required membership in the community association
