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Exam (elaborations)

Florida Cam Exam Questions With Accurate Answers

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FLORIDA CAM EXAM QUESTIONS WITH ACCURATE ANSWERS

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FLORIDA CAM EXAM QUESTIONS WITH ACCURATE
ANSWERS

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 Accurate Answer - True

Purchasers of a timeshare plan have a ten day contract rescission period in
which to cancel the purchase Accurate Answer - True

The Florida Fair Housing Act prohibits discrimination on the basis of
handicap Accurate Answer - True

A valid Declaration of Condominium must contain easements for ingress
and egress to all units and the common elements Accurate 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 Accurate Answer - False.
The board should consult an attorney.

Corporate Charter Accurate 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 Accurate Answer - Articles of
Incorporation ( Corporate Charter)

Florida Not for Profit Corporate Act Accurate Answer - FS 617

Florida Corporate Act Accurate Answer - FS 607

Conducting business and Community Association affairs
Operating and managing the association property and assets
Suing and defending against actions

,Lending money for association purposes
Acquiring Property
Entering into contracts and purchasing items that are required for
operations and maintenance
Incurring liabilities
Borrowing funds
Mortgaging community association properties Accurate Answer -
Powers that are granted in FS 617

Condominium Act Accurate Answer - FS 718

Form of joint ownership of real property that comprises:
Exclusive ownership of each unit
Joint undivided share of common elements
Required membership in the community association Accurate
Answer - What is a condominium?

Cooperative Act Accurate Answer - FS 719

Mandatory Homeowner's Association Accurate Answer - FS 720

Mandatory contents of a declaration ( condos) Accurate Answer - FS
718.104

Definitions of the corporate entity, powers of association, easements, rights
of access to unit, insurance, official records of the association, community
directory, financial reporting requirements, purchase of units, purchase of
land and recreation leases, operations of condominiums created prior to
January 1, 1977, commingling Accurate Answer - FS 718.111

FS 718.1124 Accurate Answer - Definitions of required contents of
bylaws, including administration, notice requirements, quorum, proxies,
voting requirements, elections, electronic voting, candidate eligibility,
director certificate/education requirements, recalls, arbitration, timeshare
condominium exceptions, board and member meetings, Annual budget
requirements, assessments, amendment of bylaws, transfer fees, director
and officer delinquencies and offenses, common elements ( limited power
to convey to a condemning authority)

,FS 718.113 Accurate Answer - Maintenance requirements, display
of flags and religious decorations, hurricane shutters, and other types of
code-complaint hurricane protection

FS 718.114 Accurate Answer - Association powers, acquisition of
leasehold memberships and other possessory or use interests

FS 718.115 Accurate Answer - Common Expenses and common
surplus, expense and credits for hurricane protection, communication
expenses

FS 718.116 Accurate Answer - Liability for not paying common
expenses, including the right to assess interest, lien, foreclose, and collect
rents from delinquent members etc., liability of first mortgage holder,
liability of previous owners

FS 718.303 Accurate Answer - Provides that if a member is more
than 90 days delinquent or has failed to comply with his or her monetary
obligation that is due to the community association, or has failed to comply
with the documents or reasonable rules, the right to use common elements
can be suspended. Provides fining authority and procedures.

The pH of the pool water must be maintained at: Accurate Answer -
7.2-7.8

Condominium and Cooperative Associations pay an annual fee of $_______
per residential unity, per ______ to the DFCTSMH Trust Fund
Accurate Answer - $4.00/ Year

A windstorm self insurance pool must include 3 or more associations, all of
which must be residential, with not less than 50 units. Accurate
Answer - True

The member must place an election ballot in an inner envelope, and place
the inner envelope in an outer envelope, which the member signs.
Accurate Answer - Procedures for voting in secret for members who are not
in attendance at the annual meeting.

, The purpose of Regulatory Council of Community Association Managers is
to Accurate Answer - Provide licensure exam and continuing
education requirements for CAMS

A volunteer director who is not compensated for his duties as a director
need not have a CAM license Accurate Answer - True

Prospective members must receive certain information from an HOA when
purchasing a new unit, including Community Association Disclosures
Accurate Answer - True

An employee of the ombudsman's office may not serve as an officer in a
local, state, or national political party Accurate Answer - True

Components of a collection policy should not include court charges for
filing of liens Accurate Answer - True

At will means Accurate Answer - an employee who may be
dismissed at any time for any non-discriminatory reasons, with or without
cause
.

FS 482 Accurate Answer - governs pest control companies and
operators

The Ombudsman duties include but are not limited to Accurate
Answer - Encourage and facilitate voluntary meetings with and between
members, directors, managers, and other affected parties of condominiums

Community association management companies must file for company
insurance Accurate Answer - Once very two years on October 1st of
odd numbered years.

HOA's must file for arbitration with DBPR when members contest elections
of recalls Accurate Answer - True

Pursuant to FS 720, an HOA has all the following powers in an emergency
declared by the governer: Accurate Answer - to cancel and
reschedule an association meeting

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