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Relias PACU RN A v1 EXAMS QUESTIONS AND ANSWERS WITH VERIFIED SOLUTIONS 100% CORRECT

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Subido en
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Escrito en
2025/2026

Relias PACU RN A v1 EXAMS QUESTIONS AND ANSWERS WITH VERIFIED SOLUTIONS 100% CORRECT

Institución
CAMS - Certified Anti-Money Laundering Specialist
Grado
CAMS - Certified Anti-Money Laundering Specialist

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FLORIDA CAM EXAM QUESTIONS
AND ANSWERS LATEST UPDATED
2025/ 2026 COMPLETE VERIFIED
SOLUTIONS GRADED A+

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?- - Correct Answer -- Condominium

Supplemental restrictions authorized by the governing documents and promulgated by
the board of directors are:- - Correct Answer -- Rules and Regulations

When proposing amendments to the documents, a condominium should insert and
underline any new words in the text- - Correct Answer -- True

Florida Statutes prohibit the Florida Catastrophe Fund from reimbursing associations or
individuals for losses caused by flooding- - Correct Answer -- True

A timeshare divides residential property into specific time periods that provides
members with exclusive use rights- - Correct Answer -- True

The developer is exempt from any management responsibilities as long as he controls
the Board- - Correct Answer -- False

Mixed Use Condo- - Correct Answer -- contains both residential and non residential
units, FS 718.404

FS 719- - Correct Answer -- Cooperative Act

FS 720- - Correct Answer -- Mandatory Homeowner's Association

FS 720.303- - Correct Answer -- HOA Powers and Duties

What are the governing docs?- - Correct Answer -- the Decleration, Articles of
Incorporation and bylaws

What is included in the Declaration- - Correct Answer -- Declaration
plot plan and surveys

,floor plans
amendments
Articles of incorporation
bylaws
any filed rules and regulations
A Community Association is generally defined as real or personal property, owned by
two or more entities, which share the responsibility for the costs of maintenance and
administration- - Correct Answer -- True

Purchasers of a timeshare plan have a ten day contract rescission period in which to
cancel the purchase- - Correct Answer -- True

The Florida Fair Housing Act prohibits discrimination on the basis of handicap- - Correct
Answer -- True

A valid Declaration of Condominium must contain easements for ingress and egress to
all units and the common elements- - Correct 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- - Correct Answer -- False. The board should consult an attorney.

Corporate Charter- - Correct 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- - Correct Answer -- Articles of Incorporation ( Corporate
Charter)

Florida Not for Profit Corporate Act- - Correct Answer -- FS 617

Florida Corporate Act- - Correct 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- - Correct Answer -- Powers that are
granted in FS 617

,Condominium Act- - Correct 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- - Correct Answer -- What is a
condominium?

Cooperative Act- - Correct Answer -- FS 719

Mandatory Homeowner's Association- - Correct Answer -- FS 720

Mandatory contents of a declaration ( condos)- - Correct 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- - Correct
Answer -- FS 718.111

FS 718.1124- - Correct 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- - Correct Answer -- Maintenance requirements, display of flags and
religious decorations, hurricane shutters, and other types of code-complaint hurricane
protection

FS 718.114- - Correct Answer -- Association powers, acquisition of leasehold
memberships and other possessory or use interests

FS 718.115- - Correct Answer -- Common Expenses and common surplus, expense
and credits for hurricane protection, communication expenses

FS 718.116- - Correct Answer -- Liability for not paying common expenses, including
the right to assess interest, lien, foreclose, and collect rents from delinquent members
etc., liability of first mortgage holder, liability of previous owners

FS 718.303- - Correct Answer -- Provides that if a member is more than 90 days
delinquent or has failed to comply with his or her monetary obligation that is due to the
community association, or has failed to comply with the documents or reasonable rules,

, the right to use common elements can be suspended. Provides fining authority and
procedures.

The pH of the pool water must be maintained at:- - Correct Answer -- 7.2-7.8

Condominium and Cooperative Associations pay an annual fee of $_______ per
residential unity, per ______ to the DFCTSMH Trust Fund- - Correct Answer -- $4.00/
Year

A windstorm self insurance pool must include 3 or more associations, all of which must
be residential, with not less than 50 units.- - Correct Answer -- True

The member must place an election ballot in an inner envelope, and place the inner
envelope in an outer envelope, which the member signs.- - Correct Answer --
Procedures for voting in secret for members who are not in attendance at the annual
meeting.

The purpose of Regulatory Council of Community Association Managers is to- - Correct
Answer -- Provide licensure exam and continuing education requirements for CAMS

A volunteer director who is not compensated for his duties as a director need not have a
CAM license- - Correct Answer -- True

Prospective members must receive certain information from an HOA when purchasing a
new unit, including Community Association Disclosures- - Correct Answer -- True

An employee of the ombudsman's office may not serve as an officer in a local, state, or
national political party- - Correct Answer -- True

Components of a collection policy should not include court charges for filing of liens- -
Correct Answer -- True

At will means- - Correct Answer -- an employee who may be dismissed at any time for
any non-discriminatory reasons, with or without cause
.

FS 482- - Correct Answer -- governs pest control companies and operators

The Ombudsman duties include but are not limited to- - Correct Answer -- Encourage
and facilitate voluntary meetings with and between members, directors, managers, and
other affected parties of condominiums

Community association management companies must file for company insurance- -
Correct Answer -- Once very two years on October 1st of odd numbered years.

Escuela, estudio y materia

Institución
CAMS - Certified Anti-Money Laundering Specialist
Grado
CAMS - Certified Anti-Money Laundering Specialist

Información del documento

Subido en
24 de mayo de 2026
Número de páginas
31
Escrito en
2025/2026
Tipo
Examen
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