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CAM FLORIDA Questions and Correct Answers
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  • Course
  • CAM FLORIDA
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  • CAM FLORIDA

The chair of the financial committee of an association managed to borrow funds from a local bank to pay for improving the gym. The chairperson had the right to commit to this loan on behalf of the association ~ only with the approval of board of the directors. Unit owners of a condominium or ...

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  • August 11, 2024
  • 15
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • cam florida questions and correct answers

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  • CAM FLORIDA
  • CAM FLORIDA

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CAM FLORIDA Questions and
Correct Answers

Which document establishes the date and time of the annual meeting?

✓✓~ The bylaws




Which type of relationship exists between the board of directors and the members of

the association?

✓✓~ Fiduciary




In a condominium association, a director can be recalled to the board by _________

of the voting interests.

✓✓~ 50+1




Unless approved by two-thirds of the owners casting a vote in the election, what is

the maximum number of consecutive years a condominium board member may

serve on the board?

✓✓~ 8 years




Association members have the right to speak at board meetings...

✓✓~ only in regard to the designated items on the meeting agenda

, In order to be valid, a proxy must be..

✓✓~ ... dated and signed by the authorized person




What document describes the date and time of a meeting, the issues that were

discussed and the results of any votes?

✓✓~ THE MINUTES




Condominium associations are not permitted to have _____ committees.

✓✓~ ELECTION NOMINATING




Any director, officer or manager, who knowingly solicits or accepts anything of value

from any person providing or proposing to provide goods or services to the

condominium association is subject to

✓✓~ a criminal sentence.




In a condominium association, a committee meeting is open to the public, unless...

✓✓~ the meeting is about personal or sensitive legal matters




A contract made by a developer prior to turnover of control to condominium unit

owners may be cancelled by a vote of

✓✓~ 75% of the voting interests in the condominium.

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