FLORIDA PRACTICE CAM EXAM 1 Questions with
Answers (100% Correct Answers)
The language in the Declaration of Condominium that creates a
commitment, restriction, or contract between the association and the
unit owners is called— Answer: Covenants
Under Chapter 718.1255, those eligible to petition for arbitration are:—
Answer: An owner of a condominium unit
Tom Tucker decides he can manage his association better than the
management company and at significantly less cost. The board of
directors of the 25 homes comprising the Too Cheap Homeowners'
Association decides to hire him and pay him 10% of the $110,000
budget. Which applies?— Answer: Tom Tucker must have a license
pursuant to Chapter 468, Florida Statutes.
Safety Harbor Condominium wants to charge non-resident guests a $5
pool pass, valid for one week. Which applies?— Answer: As long as a
non-resident guest fee is authorized in the governing documents, the
charge is legal.
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A 14-day notice of a membership meeting of Valley Crest
Condominium was given for the specific purpose of amending the
Bylaws. A copy of the proposed changes was attached to the notice.
During the meeting, motions were made and seconded that changed
the wording of the amendments, a vote was taken, and the changed
amendments were approved by 83% of the membership. Which
applies?— Answer: The vote is invalid. Another meeting must be
properly noticed with the new changes attached.
Joe Blow, an owner at the Windy Hill Condominiums, resides there
only three months out of the year. He has given the condominium
board proper notice that he intends to run for a position on the board.
The board has refused to place his name on the ballot. Which
applies?— Answer: The statutes require the board to place on the
ballot the name of any eligible person.
The board of directors of Lazy Days Condominium hired a licensed
manager. Which of the following applies?— Answer: The licensed
manager may carry out most of the duties of the board.
Sea Tern Condominium will be replacing the air conditioning units on
the roof at the clubhouse which will cost more than $10,000. The
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condominium has a line item on its Reserve Schedule for air
conditioning replacement. Which applies?— Answer: The replacement
will be paid from the reserve account. If the reserve account is
insufficient, a special assessment will be necessary.
Sam and Barbara Smith are joint owners of a unit at the Pine Meadows
Condominium. They submit a Voting Certificate to the association
secretary naming Sam Smith as the designated voter for the unit.
Which statement is incorrect?— Answer: Barbara Smith may vote only
if her husband is not present at the meeting.
The Condominium Act requires who to pay for the licensed manager's
fidelity bond premium?— Answer: The association pays the premium
for the licensed manager's fidelity bond.
Upon approval by the membership of an Amendment to the
Declaration of Condominium, what other action, if any, must be
taken?— Answer: A proper Certificate of Amendment must be
recorded with the Clerk of the Circuit Court in the county where the
condominium property is located.
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