Exam (elaborations)
CAM Practice Ch. 1. Questions and Answers
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Exam of 4 pages for the course Fl Cam at Fl Cam (CAM Practice Ch. 1.)
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CAM Practice Ch. 1A community association:
a. Has a legally binding agreement that shares responsibility among and grants specific
rights to members
b. Is residential real property only
c. Is not defined by Florida statutes
d. Can be owned by a maximum of one-hundred entities - answera. Has a legally
binding agreement that shares responsibility among and grants specific rights to
members
The legally binding agreement:
a. Defines property rights, rules, and the type of acceptable building materials
b. Is referred to as a conventional agreement
c. Provides for the governance, business, and communal aspects of the property
d. Grants rights but does not impose resonsibilities on members - answerc. Provides for
the governance, business, and communal aspects of the property
The primary objectives of a community association are to:
a. Resolve disputes among members to everyone's satisfaction
b. Preserve, protect, and enhance the value of the community and its assets
c. Ensure that the members conform to the community's lifestyle
d. Equally defend the values of all community members - answerb. Preserve, protect,
and enhance the value of the community and its assets
Industry terms for community associations include all of the following except:
a. Fair and equal community
b. Shared ownership community
c. Common interest community
d. Common interest realty association - answera. Fair and equal community
The pros of community living include all of the following except:
a. Friendly neighbors
b. Shared responsibilities for the operation of the property
c. Shared amenities
d. Centralized management responsibility - answera. Friendly neighbors
The cons of community living include all of the following except:
a. Lawsuits
b. Lack of centralized responsibility for community property and amenities
c. Limited freedom
d. Special assessments - answerb. Lack of centralized responsibility for community
property and amenities
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