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Exam (elaborations)

Florida Cam Exam Questions and Answers (100% Pass)

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  • Course
  • Florida Cam
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  • Florida Cam

A Community Association is generally defined as real or personal property, owned by two or more entities, which share the responsibility for the costs of maintenance and administration True Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purc...

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  • November 18, 2024
  • 84
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Florida Cam
  • Florida Cam
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1|Page | © copyright Master01| Grade A+




Florida Cam Exam Questions and
Answers (100% Pass)
A Community Association is generally defined as real or personal property,

owned by two or more entities, which share the responsibility for the costs of

maintenance and administration


✓ True




Purchasers of a timeshare plan have a ten day contract rescission period in

which to cancel the purchase


✓ True




The Florida Fair Housing Act prohibits discrimination on the basis of handicap


✓ True




A valid Declaration of Condominium must contain easements for ingress and

egress to all units and the common elements


✓ True




Master01 |Excellent Study Material| Latest update

, 1|Page | © copyright Master01| Grade A+

Compliance with the Construction Lien Law is very technical and can have

an impact on title to property. Therefore the board should always consult with

the manager regarding lien issues


✓ False. The board should consult an attorney.




Corporate Charter


✓ Articles of Incorporation are also known as the




Establishes the power and authority of the community Association


Establishes the corporate entity that is responsible for management,

maintenance and operation of the community association


Is based in corporate law


✓ Articles of Incorporation ( Corporate Charter)




Florida Not for Profit Corporate Act


✓ FS 617




Florida Corporate Act


✓ FS 607




Master01 |Excellent Study Material| Latest update

, 1|Page | © copyright Master01| Grade A+

Conducting business and Community Association affairs


Operating and managing the association property and assets


Suing and defending against actions


Lending money for association purposes


Acquiring Property


Entering into contracts and purchasing items that are required for operations

and maintenance


Incurring liabilities


Borrowing funds


Mortgaging community association properties


✓ Powers that are granted in FS 617




Condominium Act


✓ FS 718




Form of joint ownership of real property that comprises:


Exclusive ownership of each unit


Joint undivided share of common elements


Required membership in the community association



Master01 |Excellent Study Material| Latest update

, 1|Page | © copyright Master01| Grade A+

✓ What is a condominium?




Cooperative Act


✓ FS 719




Mandatory Homeowner's Association


✓ FS 720




Mandatory contents of a declaration ( condos)


✓ FS 718.104




Definitions of the corporate entity, powers of association, easements, rights of

access to unit, insurance, official records of the association, community

directory, financial reporting requirements, purchase of units, purchase of

land and recreation leases, operations of condominiums created prior to

January 1, 1977, commingling


✓ FS 718.111




FS 718.1124




Master01 |Excellent Study Material| Latest update

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