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Florida CAM License EXAM Questions and Answers Graded A+
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Florida CAM License EXAM
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Florida CAM License EXAMDefine Community Association. - answer Real or personal property, owned by two or
more entities with a legally binding agreement to share responsibility & costs for
maintenance & administration of property, assets, and association & with specific rights
granted to members.
What are five types of community associations in Florida? - answer Condominiums,
Cooperatives, Mandatory Homeowners association (HOA), Timeshares, Mobile Home
Associations.
What are the primary purposes of community associations? - answer The primary
purposes are to preserve, maintain, and enhance the property, association and its
assets, and promote social harmony.
What are three specific requirements of community associations in Florida? - answer
Membership is mandatory, members have the right to vote, assessments if unpaid can
become a lien on members property.
Name 3 advantages & 3 disadvantages of membership in a community association. -
answer Pros-Shared amenities, shared maintenance expenses, stability & security.
Cons- Law suits, Loss of Control, Mismanagement.
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