FLORIDA CAM LICENSE EXAM |COMPLETE QUESTIONS AND CORRECT ANSWERS .

FLORIDA CAM LICENSE EXAM |COMPLETE QUESTIONS AND
CORRECT ANSWERS .


Define Community Association. - ANSWER-Real or personal property,
owned by two or more entities with a legally binding agreement to
share responsibility & costs for maintenance & administration of
property, assets, and association & with specific rights granted to
members.


What are five types of community associations in Florida? -
ANSWERCondominiums, Cooperatives, Mandatory Homeowners
association (HOA), Timeshares, Mobile Home Associations.


What are the primary purposes of community associations? -
ANSWER-The primary purposes are to preserve, maintain, and
enhance the property, association and its assets, and promote social
harmony.


What are three specific requirements of community associations in
Florida? - ANSWER-Membership is mandatory, members have the
right to vote, assessments if unpaid can become a lien on members
property.


Name 3 advantages & 3 disadvantages of membership in a
community association. - ANSWER-Pros-Shared amenities, shared
maintenance expenses, stability & security.
Cons- Law suits, Loss of Control, Mismanagement.