100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
CAM License UPDATED ACTUAL Exam Questions and CORRECT Answers $10.49
Add to cart
Quickly navigate to
Preview
  2.  
  3. CAM License
  4.  
  5. CAM License

Exam (elaborations)

CAM License UPDATED ACTUAL Exam Questions and CORRECT Answers
 0 purchase
  • Course
  • CAM License
  • Institution
  • CAM License

CAM License UPDATED ACTUAL Exam Questions and CORRECT Answers The rights and obligations inherent in the ownership of a unit in a condominium are - CORRECT ANSWER- Appurtenances to the Unit The original corporate structure of a condominium association is established in the - CORRECT ANSWER- A...

[Show more]

Preview 3 out of 29  pages

Document information

  • September 12, 2024
  • 29
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • CAM License
  • CAM License

Seller

avatar-seller
MGRADES

Reviews received

Content preview

CAM License UPDATED ACTUAL Exam
Questions and CORRECT Answers
The rights and obligations inherent in the ownership of a unit in a condominium are -
CORRECT ANSWER✔✔- Appurtenances to the Unit


The original corporate structure of a condominium association is established in the -
CORRECT ANSWER✔✔- Articles of Incorporation


A claim of Lien on a condo unit for delinquent assessments is in effect from the time of
recording for a period of - CORRECT ANSWER✔✔- 12 Months


The process for obtaining a community association manager's license, renewal provisions and
standards of professional conduct us set forth in the - CORRECT ANSWER✔✔- Florida
Administrative Code & Chapter 468 Part VIII


In the event of a conflict, the hierarchy of documents is the - CORRECT ANSWER✔✔- 1)
Declaration
2) Articles of Incorporation
3) Bylaws
4) Rules & Regulations


The amount of all receipts and revenues, exceeding common expenses, collected by a
association is - CORRECT ANSWER✔✔- Common Surplus


A share of the association's funds, required to pay common expenses is - CORRECT
ANSWER✔✔- an Assessment


For residential unit sold by a developer, a contract of sale can be voided for ______ days after
it has been made - CORRECT ANSWER✔✔- 15 days


In a co-op, what is the required time of posting and mailing notice of a BUDGET meeting? -
CORRECT ANSWER✔✔- 14 Days

,The board must reply to a written complaint from a unit owner within - CORRECT
ANSWER✔✔- 30 Days


Covenants and restrictions establishing basic rights and responsibilities of condominium are
found in the - CORRECT ANSWER✔✔- Declaration



What are the classes protected by the Fair Housing Act? - CORRECT ANSWER✔✔- Race,
color, national origin, religion, sex, familial status, and disability


Where does a condominium association's board of directors file written notice of a new
registered agents name and registered office? - CORRECT ANSWER✔✔- Department of
State


Agenda and notice requirements for membership meetings are found in the homeowner's
association's - CORRECT ANSWER✔✔- Bylaws



An association should keep financial and accounting records for - CORRECT ANSWER✔✔-
7 years


What does the Americans with Disabilities Act require of employers? - CORRECT
ANSWER✔✔- To make reasonable accommodations for qualified (disabled) individuals.


Within how many days after executing a contract for purchase of a timeshare period can the
purchaser cancel the contract without penalty or obligation? - CORRECT ANSWER✔✔- 10
days


A resident in a condominium or cooperative is entitled to vote if he/she - CORRECT
ANSWER✔✔- Is a record owner


Any amendment to the condominium bylaws becomes effective only after - CORRECT
ANSWER✔✔- it is recorded in the public records of the county

, A limited proxy in condominium is a document that is used for - CORRECT ANSWER✔✔- a
specific voting purpose


Which document establishes the date and time of the annual meeting? - CORRECT
ANSWER✔✔- The bylaws


Which type of relationship exists between the board of directors and the members of the
association? - CORRECT ANSWER✔✔- Fiduciary


In a condominium association, a director can be recalled to the board by ____________ of
the voting interests. - CORRECT ANSWER✔✔- Majority (50% + 1) *Special meeting to
recall board member can be called by 10% of voting interests*


Unless approved by 2/3 of the owners casting a vote in the election, what is the maximum
number of consecutive years a condo board member may serve on the board? - CORRECT
ANSWER✔✔- 8 Years


Association members have the right to speak at board meetings... - CORRECT
ANSWER✔✔- only in regard to the designated items on the meeting agenda



In order to be valid, a proxy must be... - CORRECT ANSWER✔✔- 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? - CORRECT ANSWER✔✔- The Meeting Minutes


Condominium associations are not permitted to have ________ committees. - CORRECT
ANSWER✔✔- 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 condo is subject to... -
CORRECT ANSWER✔✔- A Criminal Sentence

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller MGRADES. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

68175 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$10.49
  • (0)
Add to cart
Added