FLORIDA CAM LICENSE FINAL EXAM NEWEST 2025/2026 ACTUAL
EXAM WITH COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (100% VERIFIED ANSWERS) |ALREADY GRADED A+|
||PROFESSOR VERIFIED||
What document establishes the procedures for carrying out the
responsibilities of the association and governs the actual
operation of the association? - ANSWER-The Bylaws
According to Part V of the Cooperative act, what agency is
designated to enforce and ensure compliance with provisions of
the cooperative act? - ANSWER-Department of Business and
Professional Regulations
The Annual fee paid to the Division of Florida Condominiums,
Timeshares & Mobile homes, for each unit operated by a condo
association is due by: - ANSWER-January 1st every year
A mobile home park owner must pay ______ for each lot to be
used in his mobile home park when forming the mobile home
park: - ANSWER-$10, minimum of $100
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When a condos rules and regulation conflict with the Declaration
of Condominium, which document will prevail? - ANSWER-The
Declaration of Condo prevails over the rules and regulations
Amendments to the Declaration of Covenants and Restrictions
are not effective until: - ANSWER-the certificate of amendment is
recorded with the clerk of the court where the documents were
originally recorded.
Under Part VI of the Condo Act, all tenants have certain rights
when an existing rental property is converted to a condo. These
rights include the option to extend their current lease. - ANSWER-
True
What type of ownership includes the exclusive ownership of s
single unit, joint undivided ownership of a percentage of the
common elements, and required membership in an association
which manages the common property? - ANSWER-Condominium
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Supplemental restrictions authorized by the governing documents
and promulgated by the board of directors are: - ANSWER-Rules
and Regulations
When proposing amendments to the documents, a condominium
should insert and underline any new words in the text - ANSWER-
True
Florida Statutes prohibit the Florida Catastrophe Fund from
reimbursing associations or individuals for losses caused by
flooding - ANSWER-True
A timeshare divides residential property into specific time periods
that provides members with exclusive use rights - ANSWER-True
The developer is exempt from any management responsibilities
as long as he controls the Board - ANSWER-False
Mixed Use Condo - ANSWER-contains both residential and non
residential units, FS 718.404
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FS 719 - ANSWER-Cooperative Act
FS 720 - ANSWER-Mandatory Homeowner's Association
FS 720.303 - ANSWER-HOA Powers and Duties
What are the governing docs? - ANSWER-the Decleration,
Articles of Incorporation and bylaws
What is included in the Declaration - ANSWER-Declaration
plot plan and surveys
floor plans
amendments
Articles of incorporation
bylaws
any filed rules and regulations