FLORIDA COMMUNITY LATEST
ASSOCIATION
MANAGER
PRELICENSURE COURSE
EXAM QUESTIONS AND
ANSWERS 2026 - 2027
Ms. Nocredit's community association assessment account is delinquent.
The Florida Law-Abiding Homeowners' Association may file a claim of
lien for the delinquent assessment after revising her with how many
days' notice of intent to lien?
A. 30
B. 25
C. 15
D. 45 - ANSWERS-D.
Community associations having annual receipts of at least $300,000.00
but less than $500,000.00 must make available to unit owners which of
the following types of financials statements unless waived?
A. Reported
B. Compiled
C. Corrected and accurate
END OF
PAGE
1
, FLORIDA COMMUNITY LATEST
ASSOCIATION
MANAGER
PRELICENSURE COURSE
EXAM QUESTIONS AND
ANSWERS 2026 - 2027
D. Reviewed. - ANSWERS-D.
All associations ______________________ to file an annual income tax
return.
A. Are required
B. Are not required.
C. Are required to file under Section 528 of the Code
D. Are never required - ANSWERS-A.
Joe Tighwad, a condominium board member. Is always slow to pay his
monetary obligations to the association. If he becomes more than _____
day delinquent, he will automatically be removed from the board.
A. 30
B. 60
C. 90
END OF
PAGE
2
, FLORIDA COMMUNITY LATEST
ASSOCIATION
MANAGER
PRELICENSURE COURSE
EXAM QUESTIONS AND
ANSWERS 2026 - 2027
D. 120 - ANSWERS-C.
Chapter 718 & 719, F.S. Require the board-adopted annual budget to
include reserves fo which of the following choices?
I. Roof replacement and pavement resurfacing.
II. Building Painting
III. Seal coating and restraining all asphalt areas that currently costs
$8,000.00
IV. Replacement of the light fixtures and poles at six tennis courts that
currently cost $18,000.
A. I Above
B. I and II above
C. I, II, and IV above.
D. II and III above. - ANSWERS-C.
END OF
PAGE
3
, FLORIDA COMMUNITY LATEST
ASSOCIATION
MANAGER
PRELICENSURE COURSE
EXAM QUESTIONS AND
ANSWERS 2026 - 2027
When estimating the reserve requirements for its annual budget, the
Villas Condominium Association board must consider:
A. The estimated insurable interest of the association
B. Estimated current deferred maintenance expense or replacement cost
of the service component and its estimated remaining useful life.
C. The estimated replacement cost at the time the component was new.
D. The estimated useful life of each component as recommended by
volunteer building and grounds committee. - ANSWERS-B.
The budget of the community association:
A. Is approved by the board
B. Is approved by the division after receiving the $4 per unit fee
C. Can be withdrawn if set by the division and exceeds last year's budget
by 115%.
END OF
PAGE
4
ASSOCIATION
MANAGER
PRELICENSURE COURSE
EXAM QUESTIONS AND
ANSWERS 2026 - 2027
Ms. Nocredit's community association assessment account is delinquent.
The Florida Law-Abiding Homeowners' Association may file a claim of
lien for the delinquent assessment after revising her with how many
days' notice of intent to lien?
A. 30
B. 25
C. 15
D. 45 - ANSWERS-D.
Community associations having annual receipts of at least $300,000.00
but less than $500,000.00 must make available to unit owners which of
the following types of financials statements unless waived?
A. Reported
B. Compiled
C. Corrected and accurate
END OF
PAGE
1
, FLORIDA COMMUNITY LATEST
ASSOCIATION
MANAGER
PRELICENSURE COURSE
EXAM QUESTIONS AND
ANSWERS 2026 - 2027
D. Reviewed. - ANSWERS-D.
All associations ______________________ to file an annual income tax
return.
A. Are required
B. Are not required.
C. Are required to file under Section 528 of the Code
D. Are never required - ANSWERS-A.
Joe Tighwad, a condominium board member. Is always slow to pay his
monetary obligations to the association. If he becomes more than _____
day delinquent, he will automatically be removed from the board.
A. 30
B. 60
C. 90
END OF
PAGE
2
, FLORIDA COMMUNITY LATEST
ASSOCIATION
MANAGER
PRELICENSURE COURSE
EXAM QUESTIONS AND
ANSWERS 2026 - 2027
D. 120 - ANSWERS-C.
Chapter 718 & 719, F.S. Require the board-adopted annual budget to
include reserves fo which of the following choices?
I. Roof replacement and pavement resurfacing.
II. Building Painting
III. Seal coating and restraining all asphalt areas that currently costs
$8,000.00
IV. Replacement of the light fixtures and poles at six tennis courts that
currently cost $18,000.
A. I Above
B. I and II above
C. I, II, and IV above.
D. II and III above. - ANSWERS-C.
END OF
PAGE
3
, FLORIDA COMMUNITY LATEST
ASSOCIATION
MANAGER
PRELICENSURE COURSE
EXAM QUESTIONS AND
ANSWERS 2026 - 2027
When estimating the reserve requirements for its annual budget, the
Villas Condominium Association board must consider:
A. The estimated insurable interest of the association
B. Estimated current deferred maintenance expense or replacement cost
of the service component and its estimated remaining useful life.
C. The estimated replacement cost at the time the component was new.
D. The estimated useful life of each component as recommended by
volunteer building and grounds committee. - ANSWERS-B.
The budget of the community association:
A. Is approved by the board
B. Is approved by the division after receiving the $4 per unit fee
C. Can be withdrawn if set by the division and exceeds last year's budget
by 115%.
END OF
PAGE
4
