Exam (elaborations)
FL CAM Law Statutes and Governing Documents Questions and Answers
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FL CAM Law Statutes and Governing Documents
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FL CAM Law Statutes and GoverningDocuments
Absent any contrary provision regarding the manner of electing officers to a
condominium association, who elects the officers? - answer The board
Accessory rights which are inherent in the ownership of the property in a condominium
are ______________ . - answer All of the above... A. membership B. exclusive right to
use common elements C. appurtenances
According to Florida Statutes Chapter 718, transition must occur within how many years
of creation of the condominium? - answer7
Acme Homeowners Association has a board consisting of five members. How many
board members are required to be present to have a quorum? - answer3
All meetings of the board must be open to ________ except for meetings between the
board and its attorney with respect to proposed or pending litigation where the contents
of the discussion would otherwise be governed by the attorney-client privilege - answer
All members
Appurtenances associated with ownership of a Cooperative parcel include: - answer A.
evidence of membership, ownership of shares or other interests B. an undivided share
in the assets of the association C. the exclusive right to use that portion of the common
areas and an undivided share in the comments Surplus
A building may be exempt from the provisions of the Fair Housing Act related to familial
status if at least 80 percent of the occupied units are occupied by at least one person
who is years of age or older. - answer55
Chapter 718, the Condominium Act, requires that the association be either a
Corporation-For-Profit or a ________. - answerCorporation Not-For-Profit
Chapter 719 Florida Statutes is also known as ___________. - answerThe Cooperative
Act
The clause in a contract where a party promises financial reimbursement to an
individual in case of their future damage, loss, or injury. - answerindemnification clause
"Community association management" means any of the following practices requiring
substantial specialized knowledge, judgment, and managerial skill when done for
remuneration and when the association or associations served contain more than ___
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