FL CAM LICENSE REVIEW
. The security defend need to put on a uniform that bears at least one patch with the name of
the________________?
City the association is positioned in
Association
Management business enterprise
Employing Agency - ANS-using enterprise
21. Within ________ days after the end of the monetary 12 months, or annually on the date
supplied in the bylaws, economic reporting is due for a condominium. - ANS-90 days
23. The rental act Chapter 718 requires that the association:
Put coverage rules out for bid.
Obtain and hold full replacement value insurance insurance.
Pool the insurance with other stages as soon as the insurance is acquired.
Purchase only the amount that the board deems important. - ANS-Obtain and maintain full
replacement cost insurance insurance.
24. The Directors and Officers liability insurance, does not cowl the character directors if?
The knowingly and willingly vote on an difficulty that is questionable.
If they take any action this is accordance with the bylaws.
If they follow the election process supplied within the statute.
If they usually observe the details inside the bylaws. - ANS-The knowingly and willingly vote
on an issue that is questionable.
25. The association may additionally rent an ice making machine but the contract must be?
Approved by way of the club.
In writing.
For a time period of now not less than three hundred and sixty five days.
For a time period of no longer much less than ten years. - ANS-In writing.
26. The board of administrators should have a ____________ for any of the board members
or team of workers that deal with the affiliation money. - ANS-Fidelity Bond
27. The reserves that are not commonly budgeted for? - ANS-Insurance Premiums
30. A condo affiliation with 82 devices has annual sales of $355,000.00. The economic
statement need to be? (Effective 7/1/13)a. Compiled.B. Audited.
C. Reviewed. D. Typed. - ANS-reviewed
31. The recorded mins of a regular board assembly must be converted to written form within
__________?
24 hours
7 days
A affordable length
, The amount of time set by the board. - ANS-a reasonable duration
32. In an coverage peril, the coverage does now not cover a loss. What need to the board
do? - ANS-Levy a unique evaluation to repair the broken assets
33. Effective 7/1/13, HB 7119 makes it mandatory for HOA board members to both receive
education or sign a record declaring they've examine and recognize all affiliation documents
within _______ days of being elected or appointed to the board of administration.A. Ninety
b. 30 c. 60 d. 10 - ANS-ninety days
37. According to Chapter 718.303 F.S., who is obligated to conform with statement & bylaws
of the association?
Each owner.
Each tenant.
Other invitees.
All of the above - ANS-all the above
38. The Condominium Act gives an affiliation confined fining authority as a tool within the
enforcement manner. The most quantity of this first-rate is? - ANS-$100 according to
incident, $a thousand per violation.
39. The 2d observe of an annual assembly need to include an time table; It ought to be
mailed or added to the unit owner at least
__________________________________________?
7 days previous and no longer extra than 30 days.
14 days prior and now not extra than 34 days.
21 days previous and no longer greater than 60 days.
The day earlier than the assembly - ANS-14 days prior and now not greater than 34 days.
Forty. Ais three memories. How ought to the finances be configured?
One price range for the grasp affiliation and separate budgets for every of the two
complexes.
One budget to cover each complexes.
One budget overlaying the commonplace regions and a separate budget for every of the two
homes
which includes separate reserves for each building.
Separate protection charges for every constructing consisting of all the not unusual areas. -
ANS-One finances overlaying the commonplace regions and a separate price range for
every of the two buildings
together with separate reserves for every building.
Forty one. Chapter 720, the Homeowners Association Act, calls for that the affiliation
be______________________ a Corporation For Profit or a Corporation Not for Profit.
Either.
Neither.
Sometimes.
Unknown. - ANS-either
. The security defend need to put on a uniform that bears at least one patch with the name of
the________________?
City the association is positioned in
Association
Management business enterprise
Employing Agency - ANS-using enterprise
21. Within ________ days after the end of the monetary 12 months, or annually on the date
supplied in the bylaws, economic reporting is due for a condominium. - ANS-90 days
23. The rental act Chapter 718 requires that the association:
Put coverage rules out for bid.
Obtain and hold full replacement value insurance insurance.
Pool the insurance with other stages as soon as the insurance is acquired.
Purchase only the amount that the board deems important. - ANS-Obtain and maintain full
replacement cost insurance insurance.
24. The Directors and Officers liability insurance, does not cowl the character directors if?
The knowingly and willingly vote on an difficulty that is questionable.
If they take any action this is accordance with the bylaws.
If they follow the election process supplied within the statute.
If they usually observe the details inside the bylaws. - ANS-The knowingly and willingly vote
on an issue that is questionable.
25. The association may additionally rent an ice making machine but the contract must be?
Approved by way of the club.
In writing.
For a time period of now not less than three hundred and sixty five days.
For a time period of no longer much less than ten years. - ANS-In writing.
26. The board of administrators should have a ____________ for any of the board members
or team of workers that deal with the affiliation money. - ANS-Fidelity Bond
27. The reserves that are not commonly budgeted for? - ANS-Insurance Premiums
30. A condo affiliation with 82 devices has annual sales of $355,000.00. The economic
statement need to be? (Effective 7/1/13)a. Compiled.B. Audited.
C. Reviewed. D. Typed. - ANS-reviewed
31. The recorded mins of a regular board assembly must be converted to written form within
__________?
24 hours
7 days
A affordable length
, The amount of time set by the board. - ANS-a reasonable duration
32. In an coverage peril, the coverage does now not cover a loss. What need to the board
do? - ANS-Levy a unique evaluation to repair the broken assets
33. Effective 7/1/13, HB 7119 makes it mandatory for HOA board members to both receive
education or sign a record declaring they've examine and recognize all affiliation documents
within _______ days of being elected or appointed to the board of administration.A. Ninety
b. 30 c. 60 d. 10 - ANS-ninety days
37. According to Chapter 718.303 F.S., who is obligated to conform with statement & bylaws
of the association?
Each owner.
Each tenant.
Other invitees.
All of the above - ANS-all the above
38. The Condominium Act gives an affiliation confined fining authority as a tool within the
enforcement manner. The most quantity of this first-rate is? - ANS-$100 according to
incident, $a thousand per violation.
39. The 2d observe of an annual assembly need to include an time table; It ought to be
mailed or added to the unit owner at least
__________________________________________?
7 days previous and no longer extra than 30 days.
14 days prior and now not extra than 34 days.
21 days previous and no longer greater than 60 days.
The day earlier than the assembly - ANS-14 days prior and now not greater than 34 days.
Forty. Ais three memories. How ought to the finances be configured?
One price range for the grasp affiliation and separate budgets for every of the two
complexes.
One budget to cover each complexes.
One budget overlaying the commonplace regions and a separate budget for every of the two
homes
which includes separate reserves for each building.
Separate protection charges for every constructing consisting of all the not unusual areas. -
ANS-One finances overlaying the commonplace regions and a separate price range for
every of the two buildings
together with separate reserves for every building.
Forty one. Chapter 720, the Homeowners Association Act, calls for that the affiliation
be______________________ a Corporation For Profit or a Corporation Not for Profit.
Either.
Neither.
Sometimes.
Unknown. - ANS-either
