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Exam (elaborations)

Florida CAM Multiple Choice Q&A with 100% Verification

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The pH of the pool water must be maintained at: - ANSWER-7.2-7.8 A person who manages a rental apartment complex _____ a Community Association Manager's License. - ANSWER-May, but is not required, to have. Condominium & Cooperative Associations pay an annual fee of $____ per residential unit, per ____, to the DFCTSMH Trust Fund. - ANSWER-$4.00/year Toca Chica Cooperative, with 35 units, has joined with Levitz Office Condominium, to form a self-insurance pool for windstorm insurance. Levitz has 10 office units. - ANSWER-A windstorm self-insurance pool must include 3 or more associations, all of which must be residential, with not less than 50 units. Bob Jones is the president of the Flagler Mandelion Condominium. Flagler Mandelion has 42 units and a budget of $79,000. The association recently approved a budget, effective in 1 month, for $109,000 per year. Bob has recommended that the board terminate the management company, to which the association pays $1,000 a month, and hire him instead at $500 per month. Bob just completed the CAM Pre-Licensure course. - ANSWER-This is lawful only if Bob is licensed as a CAM on or prior to starting his management position, and the documents permit directors and officers to receive compensation. The Palm Air HOA governing documents permit voting in elections for the board of directors by secret ballot, for members who are not in attendance at the annual meeting. In order to do so, the member must: - ANSWER-Place an election ballot in an inner envelope , and place the inner envelope in an outer envelope, which the member signs. The purpose of Regulatory Council of Community Association Managers is to: - ANSWER-Provide licensure exam and continuing education requirements for CAMs. Maritza Plaza Condominium has appointed John Smith, a volunteer director, as the community member liaison to its management company. - ANSWER-A volunteer director who is not compensated for his duties as a director need not have a CAM license. Prospective members must receive certain information from an HOA when purchasing a new unit, including: - ANSWER-Community association disclosures.

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