Exam (elaborations)
Florida Cam prep exam Questions and Answers 2024
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Florida Cam prep exam
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Florida Cam prep examCooperatives - answer Joint ownership of a real estate where an individuals purchased
shares of stock in a corporation.
Condominium is created when the declaration of convenience is recorded in the: -
answer Public records of the county where the property is located.
Timeshare - answer Community permits individual units to be owned and occupied for
fixed period for less than a year.
Chapter 617, F.S. Florida not for Profit Act - answer Florida Statute majority
homeowners association is organized under.
Declaration - answer established the formal regulations for all the property including the
basic right and responsibility of each owner, resident, member, and guest.
Bylaws - answer Establishes the procedures for carrying out the responsibilities of the
association and governs the actual operation of the association.
Division of FLorida Land Sales, Condominiums, and Mobile Homes - answer
Designated to enforced and ensure compliance with provision of the cooperative Act
according to Part V of the Corporative Act
January 1 of each year - answerAnnual fee must be paid to the Division of Florida Land
Sales, Condominium, and Mobil Homes, for each each unit operated by a condominium
association association must be paid by:
The certificate of amendment is recorded with the clerk of court where the documents
were originally recorded - answerAmendments to the declaration of condominium is not
effective until:
Under part VI of the condominium Act, all tenants have certain rights when an existing
rental property is converted to a condominium. these rights include: - answerThe option
to extend their current lease
Which of the following is not contained in an association's Article of Incorporation? -
answerMembership eligibility requirements including restrictions based on national
origin of potential members
Material Alteration to a condominium community - answerThe board must check the
language of the declaration for the manner to process alteration.
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