Florida Cam prep exam UPDATED Exam
QUESTIONS AND CORRECT ANSWERS
Cooperatives - CORRECT ANSWER Joint ownership of a real estate where an
individuals purchased shares of stock in a corporation.
Condominium is created when the declaration of convenience is recorded in the: -
CORRECT ANSWER Public records of the county where the property is located.
Timeshare - CORRECT ANSWER Community permits individual units to be owned
and occupied for fixed period for less than a year.
Chapter 617, F.S. Florida not for Profit Act - CORRECT ANSWER Florida Statute
majority homeowners association is organized under.
Declaration - CORRECT ANSWER established the formal regulations for all the
property including the basic right and responsibility of each owner, resident, member, and
guest.
Bylaws - CORRECT ANSWER Establishes the procedures for carrying out the
responsibilities of the association and governs the actual operation of the association.
Division of FLorida Land Sales, Condominiums, and Mobile Homes - CORRECT
ANSWER Designated to enforced and ensure compliance with provision of the
cooperative Act according to Part V of the Corporative Act
January 1 of each year - CORRECT ANSWER Annual fee must be paid to the Division
of Florida Land Sales, Condominium, and Mobil Homes, for each each unit operated by a
condominium association association must be paid by:
QUESTIONS AND CORRECT ANSWERS
Cooperatives - CORRECT ANSWER Joint ownership of a real estate where an
individuals purchased shares of stock in a corporation.
Condominium is created when the declaration of convenience is recorded in the: -
CORRECT ANSWER Public records of the county where the property is located.
Timeshare - CORRECT ANSWER Community permits individual units to be owned
and occupied for fixed period for less than a year.
Chapter 617, F.S. Florida not for Profit Act - CORRECT ANSWER Florida Statute
majority homeowners association is organized under.
Declaration - CORRECT ANSWER established the formal regulations for all the
property including the basic right and responsibility of each owner, resident, member, and
guest.
Bylaws - CORRECT ANSWER Establishes the procedures for carrying out the
responsibilities of the association and governs the actual operation of the association.
Division of FLorida Land Sales, Condominiums, and Mobile Homes - CORRECT
ANSWER Designated to enforced and ensure compliance with provision of the
cooperative Act according to Part V of the Corporative Act
January 1 of each year - CORRECT ANSWER Annual fee must be paid to the Division
of Florida Land Sales, Condominium, and Mobil Homes, for each each unit operated by a
condominium association association must be paid by:
