Community Association Manager – Roles, Responsibilities and HOA
Management Study Guide
A community association is Generally defined as real or personal property, owned by two or
more entities, which share the responsibility for the cost of maintenance and administration -
✔✔True
Purchasers of a timeshare plan have a 10 day contract recission period in which to cancel the
purchase - ✔✔True
Not for-profit corporations are exempt from federal income taxes - ✔✔False
A condominium and a hospital may join together to create a self insurance pool for windstorm
insurance, if approved by the comptroller - ✔✔False
All community associations have identical legal structures - ✔✔False
The association must mail a notice for a regular board of directors meeting no less than 48
hours in advance - ✔✔False
If a timeshare property is a condominium, it must comply only with the condominium act -
✔✔False
The Florida fair housing act prohibits discrimination on the basis of handicap - ✔✔True
Compliance with the construction lien law is very technical and can have an impact on title to
property. Therefore, the board should always consult with the manager regarding mean issues -
✔✔False
, A valid declaration of condominium must contain easements for ingress and egress to all units
and the common elements - ✔✔True
The cooperative is created when the article of incorporation are filed with the DBPR - ✔✔False
A condominium cannot obtain windstorm only insurance from citizens if it has 50 or more units
rented for less than 30 days in an 8 month period - ✔✔False
Civic groups are governed by the homeowners association act - ✔✔False
When proposing amendments to the documents, a condominium should insert an underline in
the new words in the text - ✔✔True
The declaration of condominium is also called the corporate charter - ✔✔False
Florida statutes prohibit the Florida catastrophe fund from reimbursing associations or
individuals for losses caused by flooding - ✔✔True
A timeshare divides residential property into specific time periods that provides members with
exclusive use rights - ✔✔True
Any amendment that proposes to change the proportional percentage by which each
condominium member shares in the common expenses or owns the common surplus requires
approval of all members and all holders of Liens, unless otherwise provided in the documents as
originally recorded - ✔✔True
Appraised value an actual value mean the same thing - ✔✔False
Management Study Guide
A community association is Generally defined as real or personal property, owned by two or
more entities, which share the responsibility for the cost of maintenance and administration -
✔✔True
Purchasers of a timeshare plan have a 10 day contract recission period in which to cancel the
purchase - ✔✔True
Not for-profit corporations are exempt from federal income taxes - ✔✔False
A condominium and a hospital may join together to create a self insurance pool for windstorm
insurance, if approved by the comptroller - ✔✔False
All community associations have identical legal structures - ✔✔False
The association must mail a notice for a regular board of directors meeting no less than 48
hours in advance - ✔✔False
If a timeshare property is a condominium, it must comply only with the condominium act -
✔✔False
The Florida fair housing act prohibits discrimination on the basis of handicap - ✔✔True
Compliance with the construction lien law is very technical and can have an impact on title to
property. Therefore, the board should always consult with the manager regarding mean issues -
✔✔False
, A valid declaration of condominium must contain easements for ingress and egress to all units
and the common elements - ✔✔True
The cooperative is created when the article of incorporation are filed with the DBPR - ✔✔False
A condominium cannot obtain windstorm only insurance from citizens if it has 50 or more units
rented for less than 30 days in an 8 month period - ✔✔False
Civic groups are governed by the homeowners association act - ✔✔False
When proposing amendments to the documents, a condominium should insert an underline in
the new words in the text - ✔✔True
The declaration of condominium is also called the corporate charter - ✔✔False
Florida statutes prohibit the Florida catastrophe fund from reimbursing associations or
individuals for losses caused by flooding - ✔✔True
A timeshare divides residential property into specific time periods that provides members with
exclusive use rights - ✔✔True
Any amendment that proposes to change the proportional percentage by which each
condominium member shares in the common expenses or owns the common surplus requires
approval of all members and all holders of Liens, unless otherwise provided in the documents as
originally recorded - ✔✔True
Appraised value an actual value mean the same thing - ✔✔False
