Florida CAM License Chpt. 4 Exam questions and answers 2024(graded A+)

The rights that each member has to participate in the business of the association is describe in the? -articles of incorporation -the bylaws An association can suspend the voting right of a member True A association can suspend the voting right of a member if the member fails to pay any monetary obligation for 90 days or longer Types of meetings an association can conduct -Annual meetings -Special meetings -Budget meetings -Committee meetings All associations must notice and call at least one annual meeting True The date, time, and place of the annual meeting are specified where? The governing documents What is the purpose of the annual meeting? -Election of directors -Review and reports of the affairs of the association -And any other action that may be require a membership vote For non-timeshare condos, if the bylaws do not specify the location of the meeting, where would it be held? It shall be held within 45 miles of the association property Are homeowner meeting required to be accessible to handicap people? Only if requested by a handicap person Special Meetings The board may call for a special meeting when action by the membership is required by statue or the governing documents They are limited in what can be covered. The purspose must be described in the notice, and it is limited only to that purpose. All memberships meetings require a minimum of how many days? 14 days prior notice What must be included in a membership meeting notice? -Date, time, location -the purpose -detailed agenda (condos and coop)(HOA not required) -If the purpose is to amend the gov. doc. a copy of the proposed change must be included -if the purpose is a budget meeting, the proposed budget, must be included. There are several board actions that require a 14 day prior notice. These include: -Consideration of the budget -Consideration of rules regarding parcel or unit use -Consideration of any special assessment -For any business taken up as a result of petition by at least 20%, and it has top be done no later than 60 days after they have received the petition All other meeting that don't require a 14 days prior notice require how many days? 48 hours Can a member receive the meeting notice through electronic transmission Yes, but they have to sign a waiver, they can also receive the notice through mail or by hand by signing the waiver Quorum requirement - Condos and Coop Require a simple majority of all voting interest (50% plus1) Quorum requirement HOA Require 30% of all voting interest Quorum requirement Timeshare plan require 15% of the total voting interest Quorum for board meetings The member must be present or able to be on speakerphone Proxies are permitted for elections False Quorum for membership meetings Other than for elections, proxies are permitted, a valid proxy is counted towards the quorum The total number of voting interest is established by The governing documents Each unit hold what voting power 1 voting power or stated by the gov. docs. (percentage or size of unit etc.) When the voting right of a member is suspended The suspension must be approved at noticed meeting, then written notice given to member. The member wont be considered for any purpose including quorum and elections Are voting certificate require to vote? No, however a board may by rule require one for establishing a unit or parcels right to vote Voting Certificate If a units is owened by a corporation, a trust, or a married couple. The association may require by the governing documents to get a certificate of voting.