FL CAM EXAM SCRIPT COMPREHENSIVE
STUDY GUIDE QUESTIONS WITH
ACCURATE SOLUTIONS
●● Purchasers of a timeshare plan have a ten day contract rescission
period in which to cancel the purchase
Answer: True
●● The Florida Fair Housing Act prohibits discrimination on the basis of
handicap
Answer: True
●● A valid Declaration of Condominium must contain easements for
ingress and egress to all units and the common elements
Answer: 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 lien issues
Answer: False. The board should consult an attorney.
●● Corporate Charter
Answer: Articles of Incorporation are also known as the
,●● Establishes the power and authority of the community Association
Establishes the corporate entity that is responsible for management,
maintenance and operation of the community association
Is based in corporate law
Answer: Articles of Incorporation ( Corporate Charter)
●● Florida Not for Profit Corporate Act
Answer: FS 617
●● Florida Corporate Act
Answer: FS 607
●● Conducting business and Community Association affairs
Operating and managing the association property and assets
Suing and defending against actions
Lending money for association purposes
Acquiring Property
Entering into contracts and purchasing items that are required for
operations and maintenance
Incurring liabilities
Borrowing funds
Mortgaging community association properties
,Answer: Powers that are granted in FS 617
●● Condominium Act
Answer: FS 718
●● Form of joint ownership of real property that comprises:
Exclusive ownership of each unit
Joint undivided share of common elements
Required membership in the community association
Answer: What is a condominium?
●● Cooperative Act
Answer: FS 719
●● Mandatory Homeowner's Association
Answer: FS 720
●● Mandatory contents of a declaration ( condos)
Answer: FS 718.104
●● Definitions of the corporate entity, powers of association, easements,
rights of access to unit, insurance, official records of the association,
community directory, financial reporting requirements, purchase of
, units, purchase of land and recreation leases, operations of
condominiums created prior to January 1, 1977, commingling
Answer: FS 718.111
●● FS 718.1124
Answer: Definitions of required contents of bylaws, including
administration, notice requirements, quorum, proxies, voting
requirements, elections, electronic voting, candidate eligibility, director
certificate/education requirements, recalls, arbitration, timeshare
condominium exceptions, board and member meetings, Annual budget
requirements, assessments, amendment of bylaws, transfer fees, director
and officer delinquencies and offenses, common elements ( limited
power to convey to a condemning authority)
●● FS 718.113
Answer: Maintenance requirements, display of flags and religious
decorations, hurricane shutters, and other types of code-complaint
hurricane protection
●● FS 718.114
Answer: Association powers, acquisition of leasehold memberships and
other possessory or use interests
●● FS 718.115
STUDY GUIDE QUESTIONS WITH
ACCURATE SOLUTIONS
●● Purchasers of a timeshare plan have a ten day contract rescission
period in which to cancel the purchase
Answer: True
●● The Florida Fair Housing Act prohibits discrimination on the basis of
handicap
Answer: True
●● A valid Declaration of Condominium must contain easements for
ingress and egress to all units and the common elements
Answer: 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 lien issues
Answer: False. The board should consult an attorney.
●● Corporate Charter
Answer: Articles of Incorporation are also known as the
,●● Establishes the power and authority of the community Association
Establishes the corporate entity that is responsible for management,
maintenance and operation of the community association
Is based in corporate law
Answer: Articles of Incorporation ( Corporate Charter)
●● Florida Not for Profit Corporate Act
Answer: FS 617
●● Florida Corporate Act
Answer: FS 607
●● Conducting business and Community Association affairs
Operating and managing the association property and assets
Suing and defending against actions
Lending money for association purposes
Acquiring Property
Entering into contracts and purchasing items that are required for
operations and maintenance
Incurring liabilities
Borrowing funds
Mortgaging community association properties
,Answer: Powers that are granted in FS 617
●● Condominium Act
Answer: FS 718
●● Form of joint ownership of real property that comprises:
Exclusive ownership of each unit
Joint undivided share of common elements
Required membership in the community association
Answer: What is a condominium?
●● Cooperative Act
Answer: FS 719
●● Mandatory Homeowner's Association
Answer: FS 720
●● Mandatory contents of a declaration ( condos)
Answer: FS 718.104
●● Definitions of the corporate entity, powers of association, easements,
rights of access to unit, insurance, official records of the association,
community directory, financial reporting requirements, purchase of
, units, purchase of land and recreation leases, operations of
condominiums created prior to January 1, 1977, commingling
Answer: FS 718.111
●● FS 718.1124
Answer: Definitions of required contents of bylaws, including
administration, notice requirements, quorum, proxies, voting
requirements, elections, electronic voting, candidate eligibility, director
certificate/education requirements, recalls, arbitration, timeshare
condominium exceptions, board and member meetings, Annual budget
requirements, assessments, amendment of bylaws, transfer fees, director
and officer delinquencies and offenses, common elements ( limited
power to convey to a condemning authority)
●● FS 718.113
Answer: Maintenance requirements, display of flags and religious
decorations, hurricane shutters, and other types of code-complaint
hurricane protection
●● FS 718.114
Answer: Association powers, acquisition of leasehold memberships and
other possessory or use interests
●● FS 718.115
