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Define Community Association - ANSWER-Real or Personal Property, Owned by two or more entities, with legally binding agreement to share responsibility for and cost of maintenance and administration of the property assets and association and with specific rights granted to the members. What are 5 types of Community Association - ANSWER-Condo 718, Coops 719, HOA 720, Timeshare 721, Mobile Home Park 723 What are the primary purposes of Community association - ANSWER-To preserve, protect and e...

RCCAM - ANSWER-Regulatory Council of Community Association Managers Ch. 455 F.S. "Occupations and Professions Acts" - ANSWER-gives the DBPR executive powers, quasi-legislative (authority to make rules) and quasi-judicial (authority to judge and punish) powers in an effort to "protect the public" Quasi-legislative - ANSWER-Authority to make rules Quasi-judicial - ANSWER-Authority to judge and punish Division of Florida Condominiums, Timeshares, and Mobile Homes - ANSWER-has the p...

1. - ANSWER-The definition of a community association includes which of the following: - ANSWER-a. A residential or commercial development whether a condominium, cooperative, or homeowners' association. - ANSWER-b. A development where membership is mandatory and which is authorized to impose a fee on owners. - ANSWER-c. A development where the owners may opt out of the membership prior to signing the contract for sale. - ANSWER-d. A development that places the maintenance and o...

The documents of ABC condominium Association do not require reserves the proposed budget - ANSWER-Must at a minimum include statutory reserves All of the following categories of expenditures and required to be included in a condominium budget Except - ANSWER-Professional fees Verdona oaks community is compromised of two low raises each with an association two towers with one association and 10 villas and one association. How many total associations are located in Verdona Oaks - ANSWER-5 ...

Community Association (Definition) - ANSWER-a residential homeowners' association in which membership is a condition of ownership (mandatory) of a unit in a planned unit development, or of a lot for a home or a mobile home, or of a townhouse, villa, condominium, cooperative, or other residential unit which is part of a residential development scheme and which is authorized to impose a fee (assessment) which may become a lien on the parcel. Assessment - ANSWER-The amount of money a unit or p...

1988 - ANSWER-The State of Florida in the year ____ required LICENSING OF COMMUNITY ASSOCIATION MANAGERS. Four - ANSWER-Teaching Methods, candidates mush retain their Pre-Examination Course Completion for a period of ____ years from the date received. 4,250,000 - ANSWER-According to the Background of Community Association Living, there are ______ units in the State of Florida. The "Not-for-Profit Corporation Act" - ANSWER-As to Section I. LAW 1.a., Chapter 617, F.S. is known as ____....

The rights that each member has to participate in the business of the association is describe in the? - ANSWER--articles of incorporation -the bylaws An association can suspend the voting right of a member - ANSWER-True A association can suspend the voting right of a member if the member fails to pay any monetary obligation for - ANSWER-90 days or longer Types of meetings an association can conduct - ANSWER--Annual meetings -Special meetings -Budget meetings -Committee meetings ...

The pH of the pool water must be maintained at: - ANSWER-7.2-7.8 A person who manages a rental apartment complex _____ a Community Association Manager's License. - ANSWER-May, but is not required, to have. Condominium & Cooperative Associations pay an annual fee of $____ per residential unit, per ____, to the DFCTSMH Trust Fund. - ANSWER-$4.00/year Toca Chica Cooperative, with 35 units, has joined with Levitz Office Condominium, to form a self-insurance pool for windstorm insurance. Le...

Florida Condominium Law is contained in which Chapter of the Florida Statutes? - ANSWER-718 Minutes of meeting of the BOD must be maintained for: - ANSWER-7 years Emergency powers of a condominium board, if a state of emergency has been declared, include: - ANSWER-Borrow money and pledge association assets as collateral to fund emergency repairs A condominium association files a lien for unpaid assessments against one of its unit owners, the lien is effective for: - ANSWER-One year af...

Cooperatives - ANSWER-Joint ownership of a real estate where an individuals purchased shares of stock in a corporation. Condominium is created when the declaration of convenience is recorded in the: - ANSWER-Public records of the county where the property is located. Timeshare - ANSWER-Community permits individual units to be owned and occupied for fixed period for less than a year. Chapter 617, F.S. Florida not for Profit Act - ANSWER-Florida Statute majority homeowners association is...