Condominium Study guides, Class notes & Summaries
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![Maryland Home Improvement Test (Answered) With Complete Verified Solution 100%](/docpics/3617327/652989aa23793_3617327_121_171.jpeg)
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Maryland Home Improvement Test (Answered) With Complete Verified Solution 100%
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Maryland Home Improvement Test (Answered) With Complete Verified Solution 100% 
 
Define home improvement 
The addition, alteration, conversion, improvement, modernization, remodeling, repair or replacement of a building or part of a building that is used or was designed to be used as a residence or dwelling place or structure adjacent to that building or an improvement to land adjacent to that building 
Is a building of a swimming pool, deck, pier or porch included in Home Improvement? 
Yes 
Is...
![45 Hour Post License Florida Exam Questions with 100% Correct Answers](/docpics/3432349/65027e49cca1f_3432349_121_171.jpeg)
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45 Hour Post License Florida Exam Questions with 100% Correct Answers
- Exam (elaborations) • 11 pages • 2023 Popular
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Farming Correct Answer Concentrating on one type of style of property or on one particular neighborhood 
 
A residential transaction os defined in F.S. 475 as the sale of any: Correct Answer - Duplex 
- improved residential property of four units or fewer, including condominium units 
-unimproved property intended for four units or fewer 
- agricultural properties of ten acres or less 
- leases with options to purchase all or a portion of improved property of four or fewer residential units 
- ...
![45 Hour Post License Florida Exam Questions And Answers](/docpics/3495580/6511312a3243f_3495580_121_171.jpeg)
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45 Hour Post License Florida Exam Questions And Answers
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45 Hour Post License Florida Exam Questions And Answers 
Farming - ANS Concentrating on one type of style of property or on one particular neighborhood 
 
A residential transaction os defined in F.S. 475 as the sale of any: - ANS - Duplex 
- improved residential property of four units or fewer, including condominium units 
-unimproved property intended for four units or fewer 
- agricultural properties of ten acres or less 
- leases with options to purchase all or a portion of improved pro...
![Tennessee National Portion REAL ESTATE EXAM Latest 2024 Graded A+](/docpics/4246384/65a6c394503f7_4246384_121_171.jpeg)
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Tennessee National Portion REAL ESTATE EXAM Latest 2024 Graded A+
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Tennessee National Portion REAL ESTATE 
EXAM Latest 2024 Graded A+ 
A corporation is - Answer ️️ -a legal entity that can buy and sell real estate as set out in its 
charter. 
Ownership in severalty is - Answer ️️ -property owned by one individual or corporation. 
A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells 
that interest to a new owner. The result is a - Answer ️️ -tenancy in common between the new 
owner and the remaining joint t...
![M100 Community Association Management Exam Questions with correct Answers](/docpics/2907301/648b9742dc25f_2907301_121_171.jpeg)
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M100 Community Association Management Exam Questions with correct Answers
- Exam (elaborations) • 70 pages • 2023
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Each of the following are key characteristics of community associations EXCEPT: 
a. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. 
b. Membership in the community association is mandatory and automatic for all owners. 
c. A requirement of community association ownership is serving on the board of directors. 
d. Certain documents bind all owners to be governed by the community association. - Answer- c. A r...
![Florida Community Association Manager Prelicensure Course 240 Questions with Complete Solutions 2023/2024](/docpics/3340080/64ef9e33a7a81_3340080_121_171.jpeg)
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Florida Community Association Manager Prelicensure Course 240 Questions with Complete Solutions 2023/2024
- Exam (elaborations) • 32 pages • 2023
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After purchasing the mobile home park, the residents form a community association and hire a paid manager. The manager must be licensed under Part VIII of Chapter 468 if the budget of the association exceeds: 
A.$50,000 
B.$75,000 
C.$100,00 
D.$125,000 - Correct Answer C. 
 
A type of joint ownership of real estate where legal title is not vested in the individual, but the individual receives the right to occupy a unit, is a: 
A. mobile home. 
B. cooperative 
C. mandatory homeowners' associati...
![Humber Real Estate Course 3, Module 1, Introducing Residential Condominiums 179 Questions and Answers 2024](/docpics/4046678/657ffc4f4bfd3_4046678_121_171.jpeg)
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Humber Real Estate Course 3, Module 1, Introducing Residential Condominiums 179 Questions and Answers 2024
- Exam (elaborations) • 35 pages • 2023
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Humber Real Estate Course 3, Module 1, Introducing Residential Condominiums 179 Questions and Answers 2024 
Title - answer Condominium owners hold	to their private living space (unit) and share ownership jointly of the common areas (common elements) with other owners in the condominium corporation.
![FL CAM License Q&A 2023](/docpics/3256544/64dc71dd7b528_3256544_121_171.jpeg)
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FL CAM License Q&A 2023
- Exam (elaborations) • 32 pages • 2023
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1. Condominium form of ownership is comprised of units owned by one or more persons and joint ownership of ________ share in the common elements. 
A. a percentage 
B. an undivided 
C. a proportional 
D. a complete - Answer- B. an undivided 
 
Condominium means individual ownership of a unit coupled with joint ownership of an undivided share of the common elements as well as mandatory membership in the association. 
 
2. Under the General Corporate Law _______, community associations have the rig...
![Practice Questions for Florida CAM Exam 1 Questions with Complete Solutions](/docpics/3340117/64efa221de6a0_3340117_121_171.jpeg)
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Practice Questions for Florida CAM Exam 1 Questions with Complete Solutions
- Exam (elaborations) • 13 pages • 2023
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The language in the Declaration of Condominium that creates a commitment, restriction, or contract between the association and the unit owners is called - Correct Answer Covenants 
 
Under Chapter 718.1255, those eligible to petition for arbitration are: - Correct Answer An owner of a condominium unit 
 
Tom Tucker decides he can manage his association better than the management company and at significantly less cost. The board of directors of the 25 homes comprising the Too Cheap Homeowners' A...
![Humber Real Estate - Course 3, Module 1, Introducing Residential Condominiums questions and answers graded A+](/docpics/5202490/66385f6355367_5202490_121_171.jpeg)
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Humber Real Estate - Course 3, Module 1, Introducing Residential Condominiums questions and answers graded A+
- Exam (elaborations) • 32 pages • 2024
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Condominium owners hold ______ to their private living space (unit) and share ownership jointly of the 
common areas (common elements) with other owners in the condominium corporation. - Answer-Title 
What is the definition of a 'Condominium Corporation'? - Answer-A legal entity that represents the 
collective interests of its property owners. 
Who establishes the rules and bylaws in a condominium? - Answer-The condominium board 
What is the aim of condo bylaws and rules? - Answer-To secure th...
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