CAM STATE UPDATED ACTUAL Exam Questions and CORRECT Answers
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Course
CAM STATE
Institution
CAM STATE
CAM STATE UPDATED ACTUAL Exam
Questions and CORRECT Answers
A high rise building can be created as a what? - CORRECT ANSWER- Condominium
subject to GCA
If there is a conflicting provision in an association's legal documents, which document
controls? - CORRECT ANSWER- Declaration
CAM STATE UPDATED ACTUAL Exam
Questions and CORRECT Answers
A high rise building can be created as a what? - CORRECT ANSWER✔✔- Condominium
subject to GCA
If there is a conflicting provision in an association's legal documents, which document
controls? - CORRECT ANSWER✔✔- Declaration
In a condominium, elements owned by all unit owners but reserved for the exclusive use and
control of less than all of them is known as what? - CORRECT ANSWER✔✔- Limited
common elements
The different ownership interests that comprise a condominium are: - CORRECT
ANSWER✔✔- units and common elements
In subdivisions with voluntary community associations, which owners are members of the
association? - CORRECT ANSWER✔✔- The owners who pay assesments
Declaration, Plat, and Floor Plans - CORRECT ANSWER✔✔- Required by the GCA and
must be recorded in the land records to create a condominium
Townhouse building - CORRECT ANSWER✔✔- Can be created as a condo subject to GCA,
HOA subject to POAA, or COA subject to GCA OR POAA
Race, Color, Religion, Sex, National Origin, Handicap, Familial Status - CORRECT
ANSWER✔✔- The seven classes of people protected by the Fair Housing Act
Laches - CORRECT ANSWER✔✔- This defense may be asserted when an association is
aware of a violation, allows the violation the be committed, and does not act in a timely
manner to enforce against.
Estoppel - CORRECT ANSWER✔✔- This defense can be asserted when the violator relied
on the representations or actions of the association in committing the violation.
, Statue of Limitation - CORRECT ANSWER✔✔- This defense may be asserted if a violation
occurred more then two years before the lawsuit or enforcement action
Selective Enforcement - CORRECT ANSWER✔✔- This defense can be asserted when an
association enforces a covenant differently from one owner to another with no objective
reason
The Board of Directors - CORRECT ANSWER✔✔- This is who determines the duties of a
licensed association manager
Mutual funds - CORRECT ANSWER✔✔- A broker should NOT put trust funds in this type
of the account
Broker, Salesperson, CAM - CORRECT ANSWER✔✔- The 3 license options
Real and Personal Property - CORRECT ANSWER✔✔- What are the two types of property?
Fixture - CORRECT ANSWER✔✔- An item of personal property that has been converted to
real property by being permanently affixed to the realty.
Mobility - CORRECT ANSWER✔✔- What distinguishes real property and personal
property?
2 years - CORRECT ANSWER✔✔- What is the statue of limitation for a covenant
enforcement case?
90 days - CORRECT ANSWER✔✔- Notice of defective construction to a licensed contractor
under the Right to Repair Act must be given in how many days before filing a lawsuit against
the contractor?
90 days - CORRECT ANSWER✔✔- A contractor has how many days to file a lien in the
land records?
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