FL CAM Practice Exam #1 UPDATED
ACTUAL QUESTIONS AND CORRECT
ANSWERS
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 - CORRECT ANSWER 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 - CORRECT ANSWER B.
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 - CORRECT ANSWER 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. - CORRECT
ANSWER 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. - CORRECT
ANSWER B.
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. - CORRECT ANSWER 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 - CORRECT ANSWER 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
B. Bylaws.
C. Articles.
, D. Declaration. - CORRECT ANSWER 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. - CORRECT ANSWER 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 - CORRECT ANSWER 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,
B. The clear of the circuit court.
C. The recording office.
D. The Division of Florida Condominiums, Timeshares and Mobile Homes - CORRECT
ANSWER 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 - CORRECT ANSWER C.
ACTUAL QUESTIONS AND CORRECT
ANSWERS
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 - CORRECT ANSWER 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 - CORRECT ANSWER B.
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 - CORRECT ANSWER 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. - CORRECT
ANSWER 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. - CORRECT
ANSWER B.
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. - CORRECT ANSWER 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 - CORRECT ANSWER 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
B. Bylaws.
C. Articles.
, D. Declaration. - CORRECT ANSWER 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. - CORRECT ANSWER 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 - CORRECT ANSWER 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,
B. The clear of the circuit court.
C. The recording office.
D. The Division of Florida Condominiums, Timeshares and Mobile Homes - CORRECT
ANSWER 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 - CORRECT ANSWER C.
