Florida CAM Exam Study Guide Questions with Complete Solutions Latest 2023/2024

A Community Association is generally defined as real or personal property, owned by two or more entities, which share the responsibility for the costs of maintenance and administration - Correct Answer True Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purchase - Correct Answer True The Florida Fair Housing Act prohibits discrimination on the basis of handicap - Correct Answer True A valid Declaration of Condominium must contain easements for ingress and egress to all units and the common elements - Correct Answer True Compliance with the Construction Lien Law is very technical and can have an impact on title to property. Therefore the board should always consult with the manager regarding lien issues - Correct Answer False. The board should consult an attorney. Corporate Charter - Correct Answer Articles of Incorporation are also known as the Establishes the power and authority of the community Association Establishes the corporate entity that is responsible for management, maintenance and operation of the community association Is based in corporate law - Correct Answer Articles of Incorporation ( Corporate Charter) Florida Not for Profit Corporate Act - Correct Answer FS 617 Florida Corporate Act - Correct Answer FS 607 Conducting business and Community Association affairs