Chapter 2 - Community Association Management Questions and Answers correct

Chapter 2 - Community Association Management Questions and Answers correct Which of the following is a reason for a community association board of directors to decide to obtain a professional assistance? The board and officers do not have the necessary expertise or time to carry out complex management functions. Florida law requires that an applicant for a CAM license meet all except which of the following qualifications? Be a full-time resident of Florida Johnny Devine is seeking employment as a CAM. He has been asked to provide a copy of his CAM license, which he has misplaced. What should Johnny do? He should request a duplicate license from the DBPR and pay the $25 fee What is true about a CAM license? It begins on October 1 and ends on September 30 of even years. In order to maintain an active CAM license, all except which of the following is required? Be actively employed as a CAM What must a CAM do to reactivate a license that is currently inactive? Complete all CE courses for the current period If a renewal is submitted after September 30 of the renewal year, the license is considered: Null Any CAM/CAB candidate must report to the DBPR, within 30 days of: Being found guilty of a crime in any jurisdiction How should a CAM/CAB perform their duties on behalf of the association? Skillfully and diligently A CAM who is a spouse of a member of the US Armed Forces is exempt from license renewal requirements if: The spouse is absent from the state of Florida because of the member's duties with the armed forces during such absence. Which of the statements is true of a CAB? The CAB license is subject to cancellation if it does not have an employee with an active CAM license At a recent board meeting, the president directed Rodolfo Garcia, a newly appointed CAM at the Majorca Towers Condominium, to prepare a contract between the association and newly hired janitorial company, Dirt is Us. What should Rodolfo do? He must inform the board that he is prohibited from being involved in the contract, pursuant to the 2015 Supreme Court Opinion Mark Fine has been a CAM for over 15 years. He considers herself an expert in all condominium related matters. He currently works for Do it My Way CAB, and is an onsite manager for A Better Place, a 250-unit high-rise condominium. Recognizing that the condominium, incorporated in 1989, has never updated its documents, he has prepared a written draft of amendments to the declaration, to bring it up to date with the current Condominium Act. Which of these statements is true? His action constitutes the unlicensed practice of law. Nelson De Fede, a newly licensed CAM, has just been hired by Over the Hills HOA. The association's president has authorized Nelson to prepare a preliminary budget for a proposed $1.5 million special assessment. Nelson has never prepared. budget before. However, he understands that this is part of the CAM's job. Which of the following statements is true? Because of his lack of experience, he is unqualified to prepare the budget. Ron Fosse is the manager of Leaning Towers Condominium, a 30-story building that has 100 boat slips on the Intracoastal. The board recently voted to repair its seawall. Ron informed the directors that he is a professional engineer with seawall restoration experience. He offers his services to the board for a fee of $10,000, $5,000 less than the lowest bid. Which of the following is true? The coard can approve this, of he provides proof of licensure or certification, and full disclosure is made of the potential conflict of interest. The Division of Professions performs all but which of the following? Determines the continuing education requirements What is seperate interest? The CAM has an interest in the community association, such as owning a unit, or in a vendor that the community association (e.g., is an employee) What is duty of care? It is similar to prudent business judgement, in that it is assumed that the CAM exercises the skill and care that a reasonable person would exercise under the same or similar circumstances Tom Franklin works for Best Condominium Management (BCM) as an onsite CAM to Platinum Towers, a 40-story high-rise in Cocoa Beach. Before becoming a CAM, Tom worked for Pay or Else Collections, preparing lien and foreclosure documents. Platinum Towers asks Tom to recommend a new attorney to handle collectios. He should ask other managers at BCM for recommendations from their proper