WITH ANSWERS RATED A+
✔✔Mobile Homes Park Owner files w/ - ✔✔DBPR - Owner also files Prospectus
w/DFCTSMH prior to entering into lot agreements. $10 per lot, not less than $100. 45
Days for notice if notify if deficiencies in prospectus.
✔✔Mobile Homes Park Owner increases rent or reduce services - ✔✔then the owner
must provide the DBPR w/comparables including:
1 parks operated by same owner/operator
2. within general market
3. similar facilities, services & amenities
4. share unique characteristics
5. factors similar to market analysis
✔✔HOA must submit - ✔✔one time registration to DBPR. that is it.
✔✔DBPR thru DFCTSMH regulates - ✔✔Condo/Coop/Time/Mobile - not HOA
✔✔What does the Bureau of Standards & Regulations do? - ✔✔reviews/approves all
public disclosure docs prepared by Developer
✔✔Bureau of Compliance does not - ✔✔interpret or ensure compliance
✔✔Bureau of Compliance does - ✔✔1. help resolve complaints
2. enforces compliance
3. employs attorneys to arbitrate (condo/coop)
4. Admin/arbitrates certain disputes for HOA
5. Issues Condo Governance forms. - BOD
education/roles/responsibility/mtgs/assessments/more
✔✔Fees to Division - Condo/coop - ✔✔Developer - $20 per unit - Docs 120 days to
Clerk of the Court and 30 days after Sec of State.
CA - $4 per unit - due Jan 1st - late after 3/1
✔✔Fees to Division - Timeshare - ✔✔Developer: $2 per 7 days occupied & $100 for
filing amendments
CA - $2 yr for 7 days unit occupied & due 1/1 w/late 3/1
✔✔Fees to Division - Mobile - ✔✔Park Owner: $4 yr every lot/pad mobile placed
fees due 10/1
$1 yr to FMH Relo Trust Fund for every lot
✔✔Fees to Division - HOA - ✔✔pay no fees - happy dance...
, ✔✔Condo Ombudsman (only condo) - ✔✔- serves as an advocate for the rights &
responsibilities of members.
- must be an attorney who admitted to practice before the Florida Supreme Court.
✔✔Ombudsman may not: - ✔✔1. conflict of interest
2. rep political party
3. serve as exec, officer or employee of political party
4. receive remuneration for candidate political office
5. solicit votes candidate for public office
6. become a candidate for election to the public
so no political engagement what's so ever!! Same of government workers.
✔✔Ombudsman is located - ✔✔within the DFCTSMH in Loen County, Tallahassee.
✔✔DFCTSMH is - ✔✔the Division of Florida Condo, Timeshare, & Mobile Homes -
✔✔Ombudsman is - ✔✔1. is in the Division of Florida Condo, Timeshare, & Mobile
Homes -
2. funded by trust fund
3. Holds Status of Burea Chief of DFCTSMH
✔✔Ombudsman has the power to - ✔✔oversight, monitor, audit and review procedures.
✔✔Record availablity to members - ✔✔The board must make the records available,
within 45 miles of the property, within 5 working days after receiving the request. The
unit owner may make a second request after 10 days. If another 10 days has elapsed
after the second request, and the board has failed to provide access, the Division will
issue a subpoena requiring production of the requested records.
✔✔An audited report is required for all timeshares and associations - ✔✔with annual
revenues of more than $400,000. It provides the highest level of assurance that the
financial statements are presented fairly in conformity with generally accepted
accounting principles.
✔✔removal of a director: - ✔✔A director can be removed by a majority vote of the group
that appointed or elected the director, either the board members (as in an appointment),
or the members (as in an election). This falls under Florida corporate law.
✔✔ CDMP - ✔✔Comprehensive Development Master Plan - every local
government/county has one.
✔✔ADA - ✔✔Developer can not get waiver for ADA