FL CAM Practice Exam #1 Questions and Answers 100% Pass

FL CAM Practice Exam #1 Questions and Answers 100% Pass After purchasing the mobile home park, the residents form a community association and hire a paid manager. The manager must be licensed under Part VIII of Chapter 468 if the budget of the association exceeds: A.$50,000 B.$75,000 C.$100,00 D.$125,000 - C. A type of joint ownership of real estate where legal title is not vested in the individual, but the individual receives the right to occupy a unit, is a: A. mobile home. B. cooperative C. mandatory homeowners' association. D. condominium - B. 2 | P a g e Katelyn Whitman© 2025, All Rights Reserved. The type of community association that permits individual units to be owned and occupied by different people during the year is a: A.time-share property. B.cooperative. C.phase condominium D.townhouse - A. Appurtenances in a condominium or cooperative include rights of: A. use and access to all individual units. B. liens. C. the association's records. D. the use of and access to all easements, membership in the association, and assigned percentage of ownership in the common areas and any club membership rights. - D. Any person or firm licensed under Part VIII of Chapter 468, Florida Statutes, is considered: A. responsible for management B. capable of performing community association management services. C. capable of transferring possessions and ownership of cooperative property. - B. 3 | P a g e Katelyn Whitman© 2025, All Rights Reserved. A homeowners' association where membership in the association is mandatory for all owners and the association has a lien right which is not a condominium or cooperative is regulated by provisions of which Florida statute? A. 648, F.S. B. 720, F.S. C. 721, F.S. D 735, F.S. - B. A board member of a condominium or cooperative association may not accept anything of value providing goods or services to the association for his/her benefit or the benefit of his/her family except: A. for items received at trade fairs or educational programs B. when fully disclosed to all of the other board members. C. when received from a vendor who is also a relative. D. when the item received has a value of less than $500.00 - A. The document that created an elaborate set of convenants and restrictions that establish basic rights and responsibilities of homeowners' assocaition members, residents and guests is the: A. Charter 4 | P a g e Katelyn Whitman© 2025, All Rights Reserved. B. Bylaws. C. Articles. D. Declaration. - D. Florida's Condominium Act and the Not-For-Profit Act require which document to establish procedures for carrying out the day-to-day operations of the association? A. Charter B. Bylaws. C. Declaration. D. Articles. - B. The Condominium Act specifies that which of the following are reserved for exclusive use of certain owners? A. Common ares. B. Limited common elements. C. Recreation areas. D. Elevators - B. The community association statute require that each association's governing documents be recoreded with which of the following to be effective? A. The Department of Business and Professional Regulation, 5 | P a g e Katelyn Whitman© 2025, All Rights Reserved. B. The clear of the circuit court. C. The recording office. D. The Division of Florida Condominiums, Timeshares and Mobile Homes - B. The Condominium Act gives which of the following the power to enforce and ensure compliance with the law? A. The Department of State. B. The directors of the associations. C. The Division of Florida Condominiums, Time Shares, and Mobile Homes. D. the clerk of the circuit court - C. When an existing rental property is converted to a condominium, each tenant has: A. the statutory right to begin legal action against the developer. B. already been notified of his/her certain eviction. C. the right to continue to rent for an unspecified time. D. the right to extend his or her lease. - D. Amendments to the homeowners' association declaration become effective when: A. recorded with the clerk of the circuit court. B. recorded with the Department of State 6 | P a g e Katelyn Whitman© 2025, All Rights Reserved. C. recorded with the board. D. recorded with the Department of Business and Professional Regulation. - A. The Bountiful Gardens Condominium wants to remove the swimming pool to save money. Which of the following would apply? A. The association should first check the language of the decl