Florida CAM Prelicensing Course - Exam 1 Questions and Answers Graded A+

1. - ANSWER-The definition of a community association includes which of the following: - ANSWER-a. A residential or commercial development whether a condominium, cooperative, or homeowners' association. - ANSWER-b. A development where membership is mandatory and which is authorized to impose a fee on owners. - ANSWER-c. A development where the owners may opt out of the membership prior to signing the contract for sale. - ANSWER-d. A development that places the maintenance and operations functions solely on the developer. 2. - ANSWER-What is the property shared by the unit owners called in a condominium? - ANSWER-a. Common areas - ANSWER-b. Limited common elements - ANSWER-c. Common elements - ANSWER-d. Limited common property 3. - ANSWER-Which of the following is not an appurtenance? - ANSWER-a. Voting rights - ANSWER-b. Membership in the corporation