FL CAM Practice Exam #1 Questions
And Answers With Verified Solutions
100% Correct
Which of the following mandatory homeowners' associations would not be subject to
regulation by the special provisions of Chapter 720, F.S.?
A. An association with 230 lots
B. An association with annual assessments of $500
C. An association regulated by Chapter 718, F.S.
D. There are no exclusions from regulation by this part of the statute - CORRECT
ANSWERS -C.
After purchasing the mobile home park, the residents form a community association and
hire a paid manager. The manager must be licensed under Part VIII of Chapter 468 if
the budget of the association exceeds:
A.$50,000
B.$75,000
C.$100,00
D.$125,000 - CORRECT ANSWERS -C.
A type of joint ownership of real estate where legal title is not vested in the individual,
but the individual receives the right to occupy a unit, is a:
A. mobile home.
B. cooperative
C. mandatory homeowners' association.
D. condominium - CORRECT ANSWERS -B.
The type of community association that permits individual units to be owned and
occupied by different people during the year is a:
A.time-share property.
B.cooperative.
C.phase condominium
D.townhouse - CORRECT ANSWERS -A.
Appurtenances in a condominium or cooperative include rights of:
A. use and access to all individual units.
B. liens.
C. the association's records.
,D. the use of and access to all easements, membership in the association, and
assigned percentage of ownership in the common areas and any club membership
rights. - CORRECT ANSWERS -D.
Any person or firm licensed under Part VIII of Chapter 468, Florida Statutes, is
considered:
A. responsible for management
B. capable of performing community association management services.
C. capable of transferring possessions and ownership of cooperative property. -
CORRECT ANSWERS -B.
A homeowners' association where membership in the association is mandatory for all
owners and the association has a lien right which is not a condominium or cooperative
is regulated by provisions of which Florida statute?
A. 648, F.S.
B. 720, F.S.
C. 721, F.S.
D 735, F.S. - CORRECT ANSWERS -B.
A board member of a condominium or cooperative association may not accept anything
of value providing goods or services to the association for his/her benefit or the benefit
of his/her family except:
A. for items received at trade fairs or educational programs
B. when fully disclosed to all of the other board members.
C. when received from a vendor who is also a relative.
D. when the item received has a value of less than $500.00 - CORRECT ANSWERS -
A.
The document that created an elaborate set of convenants and restrictions that
establish basic rights and responsibilities of homeowners' assocaition members,
residents and guests is the:
A. Charter
B. Bylaws.
C. Articles.
D. Declaration. - CORRECT ANSWERS -D.
Florida's Condominium Act and the Not-For-Profit Act require which document to
establish procedures for carrying out the day-to-day operations of the association?
A. Charter
B. Bylaws.
C. Declaration.
D. Articles. - CORRECT ANSWERS -B.
The Condominium Act specifies that which of the following are reserved for exclusive
use of certain owners?
A. Common ares.
, B. Limited common elements.
C. Recreation areas.
D. Elevators - CORRECT ANSWERS -B.
The community association statute require that each association's governing
documents be recoreded with which of the following to be effective?
A. The Department of Business and Professional Regulation,
B. The clear of the circuit court.
C. The recording office.
D. The Division of Florida Condominiums, Timeshares and Mobile Homes - CORRECT
ANSWERS -B.
The Condominium Act gives which of the following the power to enforce and ensure
compliance with the law?
A. The Department of State.
B. The directors of the associations.
C. The Division of Florida Condominiums, Time Shares, and Mobile Homes.
D. the clerk of the circuit court - CORRECT ANSWERS -C.
When an existing rental property is converted to a condominium, each tenant has:
A. the statutory right to begin legal action against the developer.
B. already been notified of his/her certain eviction.
C. the right to continue to rent for an unspecified time.
D. the right to extend his or her lease. - CORRECT ANSWERS -D.
Amendments to the homeowners' association declaration become effective when:
A. recorded with the clerk of the circuit court.
B. recorded with the Department of State
C. recorded with the board.
D. recorded with the Department of Business and Professional Regulation. - CORRECT
ANSWERS -A.
The Bountiful Gardens Condominium wants to remove the swimming pool to save
money. Which of the following would apply?
A. The association should first check the language of the declaration as it applies to
material modifications.
B. The decision to remove property from the common elements is elft to the association
officers.
C. Only a majority vote of a quorum of the membership i required by statue to remove a
common element.
D. The association may never make such change according to F.S. 719. - CORRECT
ANSWERS -A.
The owner-controlled board of the Flamingo Condominium wants to establish policies
regarding exclusive use of the clubhouse of the condominium for private functions.
Which document will give the board guidance on how to set up these policies?
And Answers With Verified Solutions
100% Correct
Which of the following mandatory homeowners' associations would not be subject to
regulation by the special provisions of Chapter 720, F.S.?
A. An association with 230 lots
B. An association with annual assessments of $500
C. An association regulated by Chapter 718, F.S.
D. There are no exclusions from regulation by this part of the statute - CORRECT
ANSWERS -C.
After purchasing the mobile home park, the residents form a community association and
hire a paid manager. The manager must be licensed under Part VIII of Chapter 468 if
the budget of the association exceeds:
A.$50,000
B.$75,000
C.$100,00
D.$125,000 - CORRECT ANSWERS -C.
A type of joint ownership of real estate where legal title is not vested in the individual,
but the individual receives the right to occupy a unit, is a:
A. mobile home.
B. cooperative
C. mandatory homeowners' association.
D. condominium - CORRECT ANSWERS -B.
The type of community association that permits individual units to be owned and
occupied by different people during the year is a:
A.time-share property.
B.cooperative.
C.phase condominium
D.townhouse - CORRECT ANSWERS -A.
Appurtenances in a condominium or cooperative include rights of:
A. use and access to all individual units.
B. liens.
C. the association's records.
,D. the use of and access to all easements, membership in the association, and
assigned percentage of ownership in the common areas and any club membership
rights. - CORRECT ANSWERS -D.
Any person or firm licensed under Part VIII of Chapter 468, Florida Statutes, is
considered:
A. responsible for management
B. capable of performing community association management services.
C. capable of transferring possessions and ownership of cooperative property. -
CORRECT ANSWERS -B.
A homeowners' association where membership in the association is mandatory for all
owners and the association has a lien right which is not a condominium or cooperative
is regulated by provisions of which Florida statute?
A. 648, F.S.
B. 720, F.S.
C. 721, F.S.
D 735, F.S. - CORRECT ANSWERS -B.
A board member of a condominium or cooperative association may not accept anything
of value providing goods or services to the association for his/her benefit or the benefit
of his/her family except:
A. for items received at trade fairs or educational programs
B. when fully disclosed to all of the other board members.
C. when received from a vendor who is also a relative.
D. when the item received has a value of less than $500.00 - CORRECT ANSWERS -
A.
The document that created an elaborate set of convenants and restrictions that
establish basic rights and responsibilities of homeowners' assocaition members,
residents and guests is the:
A. Charter
B. Bylaws.
C. Articles.
D. Declaration. - CORRECT ANSWERS -D.
Florida's Condominium Act and the Not-For-Profit Act require which document to
establish procedures for carrying out the day-to-day operations of the association?
A. Charter
B. Bylaws.
C. Declaration.
D. Articles. - CORRECT ANSWERS -B.
The Condominium Act specifies that which of the following are reserved for exclusive
use of certain owners?
A. Common ares.
, B. Limited common elements.
C. Recreation areas.
D. Elevators - CORRECT ANSWERS -B.
The community association statute require that each association's governing
documents be recoreded with which of the following to be effective?
A. The Department of Business and Professional Regulation,
B. The clear of the circuit court.
C. The recording office.
D. The Division of Florida Condominiums, Timeshares and Mobile Homes - CORRECT
ANSWERS -B.
The Condominium Act gives which of the following the power to enforce and ensure
compliance with the law?
A. The Department of State.
B. The directors of the associations.
C. The Division of Florida Condominiums, Time Shares, and Mobile Homes.
D. the clerk of the circuit court - CORRECT ANSWERS -C.
When an existing rental property is converted to a condominium, each tenant has:
A. the statutory right to begin legal action against the developer.
B. already been notified of his/her certain eviction.
C. the right to continue to rent for an unspecified time.
D. the right to extend his or her lease. - CORRECT ANSWERS -D.
Amendments to the homeowners' association declaration become effective when:
A. recorded with the clerk of the circuit court.
B. recorded with the Department of State
C. recorded with the board.
D. recorded with the Department of Business and Professional Regulation. - CORRECT
ANSWERS -A.
The Bountiful Gardens Condominium wants to remove the swimming pool to save
money. Which of the following would apply?
A. The association should first check the language of the declaration as it applies to
material modifications.
B. The decision to remove property from the common elements is elft to the association
officers.
C. Only a majority vote of a quorum of the membership i required by statue to remove a
common element.
D. The association may never make such change according to F.S. 719. - CORRECT
ANSWERS -A.
The owner-controlled board of the Flamingo Condominium wants to establish policies
regarding exclusive use of the clubhouse of the condominium for private functions.
Which document will give the board guidance on how to set up these policies?
