Florida CAM Prep
A 7 member council of community association managers is appointed by? - ANS-The
governor and confirmed by using the senate.
A CAM license is needed for dealing with if: - ANS-There are more then 10 gadgets or price
range(s) in extra of $a hundred,000.
A Community is defined as - ANS-Real or personal assets owned with the aid of two or
greater entities, with a "legally binding agreement (covenant) to share obligation and fees for
preservation and administration of assets, belongings, and affiliation, and with specific rights
granted to the individuals.
Community Associations are also refered to as - ANS-Covenant
Community Associations are based by using - ANS-Formal (in writing), criminal documents
defining property rights, regulations and regulations.
Conceptually Community Associations: - ANS-Maximize land use, share obligation, and
charges.
Developer must report the documents with positive governmental entities, and pay a rate for
each unit or lot in a network - ANS-True
Developer must pay a rate at the time he files any required documents with the DBPR. -
ANS-New Condos/Coops - $20/unit
Timeshares - $2/7 day length every unit may be occupied, however now not more than
$25,000
Mobile Homes - $10/lot but not less than $100
DFCTSMH has 2 divisions: - ANS-Bureau of Standards & Registration (New Developments)
Bureau of Compliance (Existing Associations)
DFCTSMH Stands for? - ANS-Division of Florida Condominiums, Time Shares, & Mobile
Homes
Florida requires all network institutions to be incorporated on account that? - ANS-April 1,
1992
Florida requires all community associations to be included considering that? - ANS-True
HOA's do not pay fees, as they're not regulated by way of the state. - ANS-True
The affiliation isn't required to rent a manager or control business enterprise. -
ANS-Volunteer Directors and officers may also manipulate the property with out a license.
A 7 member council of community association managers is appointed by? - ANS-The
governor and confirmed by using the senate.
A CAM license is needed for dealing with if: - ANS-There are more then 10 gadgets or price
range(s) in extra of $a hundred,000.
A Community is defined as - ANS-Real or personal assets owned with the aid of two or
greater entities, with a "legally binding agreement (covenant) to share obligation and fees for
preservation and administration of assets, belongings, and affiliation, and with specific rights
granted to the individuals.
Community Associations are also refered to as - ANS-Covenant
Community Associations are based by using - ANS-Formal (in writing), criminal documents
defining property rights, regulations and regulations.
Conceptually Community Associations: - ANS-Maximize land use, share obligation, and
charges.
Developer must report the documents with positive governmental entities, and pay a rate for
each unit or lot in a network - ANS-True
Developer must pay a rate at the time he files any required documents with the DBPR. -
ANS-New Condos/Coops - $20/unit
Timeshares - $2/7 day length every unit may be occupied, however now not more than
$25,000
Mobile Homes - $10/lot but not less than $100
DFCTSMH has 2 divisions: - ANS-Bureau of Standards & Registration (New Developments)
Bureau of Compliance (Existing Associations)
DFCTSMH Stands for? - ANS-Division of Florida Condominiums, Time Shares, & Mobile
Homes
Florida requires all network institutions to be incorporated on account that? - ANS-April 1,
1992
Florida requires all community associations to be included considering that? - ANS-True
HOA's do not pay fees, as they're not regulated by way of the state. - ANS-True
The affiliation isn't required to rent a manager or control business enterprise. -
ANS-Volunteer Directors and officers may also manipulate the property with out a license.
