Exam (elaborations)
FL CAM PRACTICE TEST QUESTIONS AND ANSWS 2024
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FL CAM PRACTICE TEST
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FL CAM PRACTICE TESTWhat should happen in the event of a vacancy among officers in an association? -
answer The successor may be appointed at the next board meeting.
Official records of an association include - answer insurance polices
If a quorum requirement is not stated in a condominium association's governing
document, during an annual meeting what will constitute a quorum of the total voting
interests? - answer a majority
What is the possible action the Department of Business and Professional Regulations
could take if a board director knowingly violated the Condominium or Cooperative Acts?
The director - answer May be fined and charged criminally.
Which word best defines the relationship between the homeowners' association and the
Board of Directors? - answer fiduciary
The terms of all condominium board members expire ____________ if there is no other
specification in the bylaws. - answerat the next annual meeting
As per the Florida condominium law, how many days after a meeting is adjourned to a
later date will the proxies still be valid? - answer90
An uncontested recall of directors in a condominium or cooperative is effective within -
answer5 business days
A committee CANNOT be appointed by the board of directors of a homeowners'
association for which intent? - answeradopting an amendment to the bylaws
When does an amendment to the condominium bylaws become effective? - answerafter
it is recorded in the public records of the county in which the condominium is located
When is a condominium formally created? - answerwhen the Declaration of
Condominium is recorded with the county where it is to be built
What Florida Statute chapter governs timesharing or interval ownership associations? -
answer721
What is the mandatory minimum number of directors in a 75-unit condominium if
nothing is provided in the bylaws? - answer5
, If the declaration of condominium does not state a procedure for authorizing material
alteration to common elements, the construction of new tennis courts would need to be
approved by - answer3/4 of the total voting interests in the association.
The formal components of cooperative documents do NOT include - answerthe Florida
Statutes.
Which document in an association takes precedence in the case of conflict between
document provisions? - answerthe declaration of covenants
Unless specifically provided in the _________________ , timeshare estates are NOT
permitted in a condominium association. - answerdeclaration of condominium
Joint ownership of common elements, exclusive ownership of a single unit and
________________, are parts of the condominium concept. - answermandatory
membership in the condominium association
The required period of time for posting and mailing notice of a cooperative association
meeting where the budget will be presented is - answer14 days
Where can the restrictions and covenants that establish the basic rights and
responsibilities in a condominium be found? - answerin the declaration
Where can the agenda and notice requirements for membership meetings of a
homeowners' association be found? - answerin the bylaws
Upon renewal of a cooperative unit's lease by the same lessee, under the renewal
clause of their lease, the association may - answerNOT charge a transfer fee.
So long as a manager keeps separate accounting records, they may lawfully commingle
the funds for - answertwo different condominiums operated by one association.
The declaration of condominium has parking spaces designated as limited common
elements assigned to specific condominium units. In this case, unit owners have
exclusive rights to their parking space because - answera limited common element is
reserved for the exclusive use of the unit to which it is assigned.
The scope of authority of the board of directors is NOT specifically provided in the -
answerannual meeting minutes
A condominium associations' initial corporate structure is constituted in the -
answerarticles of incorporation.
While there is not an enforcement action filed in court, for what amount of time is a
claim of lien on a condominium unit for delinquent assessments effective? - answerfor
12 months
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