FL CAM License Exam Questions
Question:
1. Condominium form of ownership is comprised of units owned by one or more
persons and
joint ownership of
share in the common elements.
A. a percentage
B. an undivided
C. a proportional
D. a complete
Answer:
B. an undivided
Condominium means individual ownership of a unit coupled with joint ownership of
an
undivided share of the common elements as well as mandatory membership in the
association.
Question:
2. Under the General Corporate Law
, community associations have the right to buy, sell
or lease real property. Under the condo and co-op laws
, condos and coops have the
specific authority to acquire title.
A. & 719
B. & 708
C. & 719
D. & 719
Answer:
D. & 719
,Question:
FS 607 is General Corporate Law, FS 718 is condominiums, and FS 719 is
cooperatives.
3. A person doing the following for remuneration must have a license.
A. Posts notices for meetings and chairs committee meetings
B. Prepares budgets and financial statements.
C. Supervises maintenance.
D. All of the above.
Answer:
D. All of the above.
A person who provides the following services for compensation must be licensed by
DBPR
Disburse funds
Prepare budgets and/or financial reports
Notice or conduct meetings
Coordinate maintenance or other day-to-day services involving the operation of the
association
Question:
4. Application for renewal of a CAM license shall be postmarked by
. If renewal
application is postmarked after
of the renewal year, the license shall be deemed
expired.
A. September 30, September 30
B. October 31, October 31
C. September 30, October 31
D. December 31, January 1
Answer:
C. September 30, October 31
Renewal applications shall be postmarked on or before September 30 each even year.
If the
renewal application is postmarked after October 31, that license is deemed
expired.
,Question:
5. Restrictive covenants that run with the land as permanent restrictions remain
in effect until
.
A. The majority of the owners vote otherwise
B. All of the owners agree
C. The developer cancels them
D. The community is terminated
Answer:
D. The community is terminated
Question:
When you purchase, you know that these covenants exist and will continue to exist
for the life of
the condominium or parcel and upon resale, the next owner inherits the same
covenants. This is
called running with the land.
6. The Cooperative documents must contain all of following except
.
A. Documentation of each owner
B. Identification by unit number/letter
C. Recognition of owner
D. Definition of the grounds lease
Answer:
B. Identification by unit number/letter
, Question:
Under Cooperative law, the co-op documents include the Articles of Incorporation
and By-Laws,
a definition of the grounds lease, the owner's share and membership in the co-op
and title or right
to use of a unit.
7. The
creates the association and the
creates the condominium.
A. Declaration of Condominium / Articles of Incorporation
B. By-Laws / Declaration
C. Articles of Incorporation / Declaration
D. Articles of Incorporation / Bylaws
Answer:
C. Articles of Incorporation / Declaration
The Articles of Incorporation, also known as the Corporate Charter, are the
documents that
create the association. The Condominium is established when the developer records
the
Declaration of Condominium with the county clerk in the county seat of the county
in which the
condominium is to be built.
Question:
8. What defines the membership and the voting rights of the Association?
A. Corporate Charter
B. Declaration of Condominium
C. By-Laws
D. Rules and Regulations
Answer:
A. Corporate Charter
The Articles of Incorporation, also known as the Corporate Charter, provide the
framework for
the organization of the association and define its membership and the voting
rights of the
members.
Question:
1. Condominium form of ownership is comprised of units owned by one or more
persons and
joint ownership of
share in the common elements.
A. a percentage
B. an undivided
C. a proportional
D. a complete
Answer:
B. an undivided
Condominium means individual ownership of a unit coupled with joint ownership of
an
undivided share of the common elements as well as mandatory membership in the
association.
Question:
2. Under the General Corporate Law
, community associations have the right to buy, sell
or lease real property. Under the condo and co-op laws
, condos and coops have the
specific authority to acquire title.
A. & 719
B. & 708
C. & 719
D. & 719
Answer:
D. & 719
,Question:
FS 607 is General Corporate Law, FS 718 is condominiums, and FS 719 is
cooperatives.
3. A person doing the following for remuneration must have a license.
A. Posts notices for meetings and chairs committee meetings
B. Prepares budgets and financial statements.
C. Supervises maintenance.
D. All of the above.
Answer:
D. All of the above.
A person who provides the following services for compensation must be licensed by
DBPR
Disburse funds
Prepare budgets and/or financial reports
Notice or conduct meetings
Coordinate maintenance or other day-to-day services involving the operation of the
association
Question:
4. Application for renewal of a CAM license shall be postmarked by
. If renewal
application is postmarked after
of the renewal year, the license shall be deemed
expired.
A. September 30, September 30
B. October 31, October 31
C. September 30, October 31
D. December 31, January 1
Answer:
C. September 30, October 31
Renewal applications shall be postmarked on or before September 30 each even year.
If the
renewal application is postmarked after October 31, that license is deemed
expired.
,Question:
5. Restrictive covenants that run with the land as permanent restrictions remain
in effect until
.
A. The majority of the owners vote otherwise
B. All of the owners agree
C. The developer cancels them
D. The community is terminated
Answer:
D. The community is terminated
Question:
When you purchase, you know that these covenants exist and will continue to exist
for the life of
the condominium or parcel and upon resale, the next owner inherits the same
covenants. This is
called running with the land.
6. The Cooperative documents must contain all of following except
.
A. Documentation of each owner
B. Identification by unit number/letter
C. Recognition of owner
D. Definition of the grounds lease
Answer:
B. Identification by unit number/letter
, Question:
Under Cooperative law, the co-op documents include the Articles of Incorporation
and By-Laws,
a definition of the grounds lease, the owner's share and membership in the co-op
and title or right
to use of a unit.
7. The
creates the association and the
creates the condominium.
A. Declaration of Condominium / Articles of Incorporation
B. By-Laws / Declaration
C. Articles of Incorporation / Declaration
D. Articles of Incorporation / Bylaws
Answer:
C. Articles of Incorporation / Declaration
The Articles of Incorporation, also known as the Corporate Charter, are the
documents that
create the association. The Condominium is established when the developer records
the
Declaration of Condominium with the county clerk in the county seat of the county
in which the
condominium is to be built.
Question:
8. What defines the membership and the voting rights of the Association?
A. Corporate Charter
B. Declaration of Condominium
C. By-Laws
D. Rules and Regulations
Answer:
A. Corporate Charter
The Articles of Incorporation, also known as the Corporate Charter, provide the
framework for
the organization of the association and define its membership and the voting
rights of the
members.
