CAM License Exam (468.432 F.S.) 2026 – 200 Questions & Answers | Florida Condominium Law, HOA Management, Budgets & Board Operations | Florida Department of Business and Professional Regulation (DBPR)

This document contains approximately 200 comprehensive exam questions and verified answers covering the essential knowledge areas required for the Florida Community Association Manager (CAM) License Examination under Part VIII of Chapter 468, Florida Statutes. The material provides extensive coverage of condominium associations, cooperative associations, homeowners' associations (HOAs), association governance, financial management, legal compliance, insurance requirements, maintenance operations, and professional responsibilities of licensed Community Association Managers. It serves as a detailed exam-preparation resource for individuals seeking CAM licensure and professionals working in community association management. The document thoroughly examines Florida statutes governing community associations, including Chapter 718 (Condominiums), Chapter 719 (Cooperatives), Chapter 720 (Homeowners' Associations), and Part VIII of Chapter 468 (Community Association Management). Topics include declarations, bylaws, articles of incorporation, rules and regulations, membership rights, voting procedures, proxies, board meetings, elections, official records, developer turnover, fiduciary duties, and dispute resolution procedures. Numerous questions focus on practical legal applications encountered by CAM professionals in day-to-day association operations. A substantial portion of the material addresses association financial management, including budgeting procedures, reserve accounts, assessments, special assessments, financial reporting requirements, audits, compiled and reviewed financial statements, lien procedures, collections, tax obligations, and reserve funding regulations. The document also covers insurance requirements, fidelity bonding, liability protection, performance bonds, risk management strategies, and property maintenance responsibilities, all of which are critical competencies tested on the CAM licensing examination. Additionally, the resource explores operational and regulatory topics such as competitive bidding requirements, contract administration, elevator inspections, swimming pool regulations, fair housing compliance, Americans with Disabilities Act (ADA) requirements, security services, maintenance programs, arbitration procedures, and enforcement authority of the Division of Florida Condominiums, Timeshares, and Mobile Homes. These areas provide candidates with practical knowledge needed to manage residential communities effectively and in compliance with Florida law. The content closely aligns with authoritative CAM licensing references, including the Florida Community Association Manager Pre-Licensure Course Manual, Florida Condominium Act (Chapter 718, F.S.), Florida Cooperative Act (Chapter 719, F.S.), Florida Homeowners' Association Act (Chapter 720, F.S.), and educational materials utilized by approved CAM licensing providers. It also reflects regulatory guidance issued by the Florida Department of Business and Professional Regulation (DBPR) and the Division of Florida Condominiums, Timeshares, and Mobile Homes. This document is particularly valuable for students and professionals enrolled in Community Association Management (CAM), Property Management, Real Estate Administration, Housing and Community Development, Business Administration, Facility Management, and Real Estate Law courses. It is also highly beneficial for aspiring Community Association Managers, condominium managers, HOA managers, property managers, board members, real estate professionals, housing administrators, and candidates preparing for the Florida CAM licensing examination. Keywords: CAM license exam, community association manager, Florida CAM, Chapter 718 Florida Statutes, Chapter 720 Florida Statutes, condominium law, homeowners association, HOA management, cooperative association, association governance, board of directors, community association budgeting, reserve accounts, special assessments, financial reporting, association insurance, fidelity bond, Florida DBPR, property management, CAM exam prep