Florida CAM Exam Study | ACCURATE
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How many days after concluding a contract does a buyer of a timeshare have to cancel without
any penalty or obligation?
- ANSWER 10 days
In accordance with part VII of chapter 468, Florida Statutes, an 80-unit homeowners'
association employs a maintenance coordinator who supervises the daily maintenance of the
property. The maintenance coordinator
- ANSWER does not need to be licensed as a community association manager.
The notice of a new registered agent's name and office must be filed by a condominium
association with the
- ANSWER Department of State
What form of insurance would condominium associations NOT purchase?
- ANSWER performance bonds
Transfer of the control of the association of a cooperative apartment building from the
developer to the owners takes place
- ANSWER when no units are being offered for sale in the ordinary course of business
Appurtenances are
- ANSWER rights and benefits attached to a piece of property.
,Chapter 718 requires that the Developer notifies the buyer that the agreement is voidable -
ANSWER within the first 15 days of the contract.
Before selling a residential unit, a developer must disclose
- ANSWER whether timeshare estates have been created.
When a unit owner files a written complaint with the board of administration, the board must
reply
- ANSWER within 30 days.
A community that is exempt from the Fair Housing Act is
- ANSWER all these answers.
Of the following, an expected duty of a Community Association Manager is NOT
- ANSWER to be a party in a lawsuit against a unit owner.
Community association management firm licenses must be renewed
- ANSWER every 24 months
In the context of construction liens, an example of a lienable service is
- ANSWER permanent improvements, such as installing a pool.
A lien is
- ANSWER the right to keep possession of another person's property until that person's debt is
discharged.
To comply with the Americans With Disabilities Act, employers must
- ANSWER make reasonable accommodations for qualified individuals.
, Of the following, the one that is NOT a responsibility of the community association manager is -
ANSWER provide guarantees for financial reports.
A condominium association board may file a lien on an owner's property when
- ANSWER a unit owner's assessment is overdue by the number of days specified in the
governing documents and the board approves the lien.
Community associations
- ANSWER must file and pay taxes regardless of corporate status.
The governing document that defines the powers and responsibilities of the community
association is the –
ANSWER Articles of Incorporation.
The Condominium Act, Chapter 718 Florida Statutes, requires that condominium associations
be
- ANSWER either a corporation for-profit or a corporation not-for-profit.
The name for a share of the association's funds which is collected on a regular schedule (at least
quarterly) to pay common expenses is called
- ANSWER an assessment
The maximum charge for copies is _____ cents per page.
- ANSWER 25
A cooperative or condominium occupant is permitted to vote if she/he
- ANSWER is an owner of record.
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