Florida Community Association Manager Exam – CAM Certification Study Guide,
Key Concepts and Practice Review
Bylaws - ANS ✔✔The document that establishes the date and time of the annual meeting.
Fiduciary relationship - ANS ✔✔The type of relationship that exists between the board and
members of the association.
Majority (50% +1) - ANS ✔✔The number of votes needed to recall a condo director.
8 years - ANS ✔✔The maximum consecutive years a condo director can serve unless 2/3 owners
approve.
Agenda items - ANS ✔✔The only time owners may speak at board meetings.
Proxy validity - ANS ✔✔It must be dated and signed by the authorized person.
Minutes - ANS ✔✔The document that records meeting discussions and votes.
Nominating committee - ANS ✔✔The type of committee that condo associations are not
allowed to have.
Criminal sentence - ANS ✔✔What happens if a director/officer accepts a bribe from a vendor.
Closed committee meeting - ANS ✔✔When it is about personnel or sensitive legal matters.
, 75% vote of the voting interests - ANS ✔✔How unit owners can cancel a developer contract
post-turnover.
One vote per unit - ANS ✔✔The number of votes a unit with multiple owners gets.
Internet voting requirements - ANS ✔✔Written consent, identity authentication, secrecy of
ballot.
90 days - ANS ✔✔The time within which a developer must provide records after turnover, at
developer's expense.
Election notices - ANS ✔✔Sent in condos 60 days (first notice) and 14 days (second notice)
before the election.
Receiver - ANS ✔✔Who a judge may appoint to manage a dysfunctional association.
President, Secretary, Treasurer - ANS ✔✔The three officers required on a board.
Developer responsibilities after turnover - ANS ✔✔Warranties, audits, and records transfer.
Published predetermined meeting schedule - ANS ✔✔The alternative notice that large HOAs
(100+ homes) can provide.
Condo - ANS ✔✔majority (50%+1)
HOA - ANS ✔✔30% of interests
Valid condo election ballots - ANS ✔✔At least 20% of eligible voters
Key Concepts and Practice Review
Bylaws - ANS ✔✔The document that establishes the date and time of the annual meeting.
Fiduciary relationship - ANS ✔✔The type of relationship that exists between the board and
members of the association.
Majority (50% +1) - ANS ✔✔The number of votes needed to recall a condo director.
8 years - ANS ✔✔The maximum consecutive years a condo director can serve unless 2/3 owners
approve.
Agenda items - ANS ✔✔The only time owners may speak at board meetings.
Proxy validity - ANS ✔✔It must be dated and signed by the authorized person.
Minutes - ANS ✔✔The document that records meeting discussions and votes.
Nominating committee - ANS ✔✔The type of committee that condo associations are not
allowed to have.
Criminal sentence - ANS ✔✔What happens if a director/officer accepts a bribe from a vendor.
Closed committee meeting - ANS ✔✔When it is about personnel or sensitive legal matters.
, 75% vote of the voting interests - ANS ✔✔How unit owners can cancel a developer contract
post-turnover.
One vote per unit - ANS ✔✔The number of votes a unit with multiple owners gets.
Internet voting requirements - ANS ✔✔Written consent, identity authentication, secrecy of
ballot.
90 days - ANS ✔✔The time within which a developer must provide records after turnover, at
developer's expense.
Election notices - ANS ✔✔Sent in condos 60 days (first notice) and 14 days (second notice)
before the election.
Receiver - ANS ✔✔Who a judge may appoint to manage a dysfunctional association.
President, Secretary, Treasurer - ANS ✔✔The three officers required on a board.
Developer responsibilities after turnover - ANS ✔✔Warranties, audits, and records transfer.
Published predetermined meeting schedule - ANS ✔✔The alternative notice that large HOAs
(100+ homes) can provide.
Condo - ANS ✔✔majority (50%+1)
HOA - ANS ✔✔30% of interests
Valid condo election ballots - ANS ✔✔At least 20% of eligible voters
