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Community Association Manager Licensing test Questions with 100% Correct Answers

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Community Association Manager Licensing test Questions with 100% Correct Answers

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Institución
CAM - Community Association Manager
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CAM - Community Association Manager

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Subido en
24 de septiembre de 2024
Número de páginas
99
Escrito en
2024/2025
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Examen
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Community Association Manager Licensing
test Questions with 100% Correct Answers

In which type of corporation (community association) would the term "common elements" be
used? - ✔✔Condominium



Limited Common Elements (definition) - ✔✔those common elements which are reserved for
the use of a certain unit or units to the exclusion of all other units (ie. assigned parking space,
private balcony, private elevator, etc.)



Examples of Limited Common Elements - ✔✔balcony, private elevator, patio connected to a
unit, assigned parking space, storage unit, boat slip, etc.



Common Areas (definition) - ✔✔the portions of the cooperative property not included in the
units (ie. clubhouse, pool, streets)



For what type of association is the term "Common Areas" used? - ✔✔Cooperative.



Limited Common Areas (definition) - ✔✔those common areas which are reserved for the use
of a certain cooperative unit or units to the exclusion of other units (ie. balcony, private
elevator, patio connected to the unit, etc.)



Examples of Limited Common Areas - ✔✔balcony, private elevator, patio connected to the
unit, assigned parking space, storage unit, boat slip, etc.



Association Property (definition) - ✔✔all real property within a community which is owned
or leased by an association or dedicated for use or maintenance by the association or its
members.
Short Version: property shared by all the owners in a homeowners' association (also referred to
as common property or common area)

,Examples of Association Property (common areas or common property) - ✔✔Pool,
clubhouse, streets, park, entrance feature, etc.



Who owns the paint, tile, and carpet in a condominium? - ✔✔The homeowner. The
homeowner owns the air space from the drywall and floor inwards.



Who owns the drywall and floor baseboards/concrete in a condominium? - ✔✔EVERYONE.
Every owner in the condo owns these common elements.



In a Cooperative, what deeds/certificates does an owner possess? - ✔✔Their building deed
(ie. mobile home deed), Shareholders Certificate (for proof they made capital contribution), and
their Proprietary Lease (so they have the right to their specific space)


If someone lives in a cooperative community, but isn't a Shareholder, what deeds to they
possess? - ✔✔Their building deed (ie. mobile home deed), and a rental agreement with the
cooperative so they RENT their space that their mobile home is on. Or they RENT the space
their unit is in/on.



Voting Interest (definition) - ✔✔An owner/member in an association.


What governing documents can be changed to allow associations to impose rules or regulations
for the use of common elements/areas? - ✔✔usually the Proprietary Lease or Bylaws



Who can adopt new rules and regulations? - ✔✔The Board of Directors (AKA Board of
Administration)


Any fee charged for the use of common areas (ie. pool passes or gate keys) must be approved
by... - ✔✔a majority vote of the members (or allowed for in the governing documents)

,"Big Vote" - ✔✔majority vote of members



"Little Vote" - ✔✔majority vote of members present (quorum normally has to be met)


A vote is not required to assess fees for exclusive use of common elements/areas, such as... -
✔✔rental of the clubhouse for a private party



Where is the term "unit" used? - ✔✔Condominium



Where is the term "parcel" used? - ✔✔Homeowners' Assoc.



Where is the term "share" used? - ✔✔Cooperative



Appurtenance (definition) - ✔✔additional rights or accessory rights (privileges) that go with
the ownership of property in a community association and include:
-Undivided share in common elements and common surplus
-Exclusive rights to the common elements as provided in the declarations
-Exclusive easement for use of the airspace occupied by the unit as it exists at any particular
time and as the unit may lawfully be altered or reconstructed from time to time
-Membership in the association designated in the declaration
-other appurtenances as provided in the declaration



Examples of "other appurtenances" include: - ✔✔Use of a golf course membership, ability to
rent your home/unit, and potentially a view



Covenant (definition) - ✔✔a commitment, agreement, or contract that grants a right or
imposes a restriction on the real estate property or its owner. Covenants and restrictions
maintain the quality of the property and lifestyle of the community.
These covenants run with the LAND

, When purchasing a condo unit, cooperative share, or parcel, owners and their family members
and guests agree to occupy, use, and maintain their property in accordance with... - ✔✔the
covenants and restrictions contained in the documents of the community


What document's provisions create an elaborate contract that binds the owners to the
association, the owners to each other, and the association to the owners? - ✔✔Covenants



What do covenants do? - ✔✔make membership in the association mandatory, impose
financial obligations on the owners that pass to future owners, and provide requirements for
the operations of the corporation.



Due Process (definition) - ✔✔the board of directors will follow the requirements in the
governing documents to ensure equitable compliance to the community restrictions and rules



Who has the right to vote? - ✔✔All unit owners, shareholders, and parcel owners



When can you restrict a member's right to vote? - ✔✔When the owner's account is
delinquent over 90 days. This covers


Under what conditions can an owner opt out of bulk information or internet services? -
✔✔hearing impaired, sight impaired, receiving SSI, or receiving food assistance


If a resident pays the provider directly for services, can they be denied access to franchised,
licensed, or certificated cable or video service providers? - ✔✔No. They cannot opt out of
bulk services, but they cannot be denied use of another service on their own contract.



Who is responsible for management of a residential community association? - ✔✔Board of
directors
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