Florida Community Association Manager CAM Bundled Exams with Complete Solution | Verified | Guaranteed Success

After purchasing the mobile home park, the residents form a community association and hire a paid manager. The manager must be licensed under Part VIII of Chapter 468 if the budget of the association exceeds: A.$50,000 B.$75,000 C.$100,00 D.$125,000 - C. A type of joint ownership of real esta...

The language in the Declaration of Condominium that creates a commitment, restriction, or contract between the association and the unit owners is called - Covenants Under Chapter 718.1255, those eligible to petition for arbitration are: - An owner of a condominium unit Tom Tucker decides he can ...

Florida Condominium Law is contained in which Chapter of the Florida Statutes? - 718 Minutes of meeting of the BOD must be maintained for: - 7 years Emergency powers of a condominium board, if a state of emergency has been declared, include: - Borrow money and pledge association assets as collate...

How long must an association maintain financial and accounting records? A. one calendar year B. eighteen months C. seven years D. indefinitely - C. 7 Years How soon after the end of the fiscal year must the association prepare and complete a financial report? A. Within 21 days B. Within 30 da...

The pH of the pool water must be maintained at: - 7.2-7.8 A person who manages a rental apartment complex _____ a Community Association Manager's License. - May, but is not required, to have. Condominium & Cooperative Associations pay an annual fee of $____ per residential unit, per ____, to th...

Cost Conscious Condominium is presently preparing their annual budget. Expenses on the proposed budget are to be listed by: A. Accounting methods B. Account and classification C. Sequence D. Numerical order - B. Kathryn Stifspine, a cooperative shareholder, becomes delinquent in payment of her...

If a declaration of condominium or bylaws so provide, an association may require a security deposit from prospective lessees up to the amount of - 1 month's rent A homeowner's association board must obtain competitive bids for any contract which will cost in excess of - 10% of the annual budget...

After purchasing the mobile home park, the residents form a community association and hire a paid manager. The manager must be licensed under Part VIII of Chapter 468 if the budget of the association exceeds: A.$50,000 B.$75,000 C.$100,00 D.$125,000 - C. A type of joint ownership of real esta...

1. Condominium form of ownership is comprised of units owned by one or more persons and joint ownership of ________ share in the common elements. A. a percentage B. an undivided C. a proportional D. a complete - B. an undivided Condominium means individual ownership of a unit coupled with join...

A Community Association is generally defined as real or personal property, owned by two or more entities, which share the responsibility for the costs of maintenance and administration - True Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purchase ...