Compiled Test Bank: |CAM*CMCA*CAI| Complete Study Set [Latest Release] + Study Guide

Reviewed M-100 QUIZ with 100% Correct Answers |latest| Each of the following are key characteristics of a community association EXCEPT: A. Mandatory lien-based economic charges or assessments are levied on each owner in order to operate and maintain the community association. B. Membership ...

Verified Community Association Manager |Latest Release| A community association is Generally defined as real or personal property,owned by two or more entities, which share the responsibility for the cost of maintenance and administration *Ans* True Purchasers of a timeshare plan have a 10 d...

M-100 The Essentials of Community Association Management STUDY GUIDE [Latest Release] Characteristics of a Community Association *Ans* Mandatory membership Mutually binding documents Lien-based assessments Purposes of a Community Association *Ans* Business - Not for profit Government - Runs...

Latest Community Association Management with 100% Correct Answers *Ans* Does a condo owner who manages his own community on a part-time basis need a real estate license? *Ans* No Does a CPA who collects association assessments need a real estate license? *Ans* No Does a person working for a ...

Approved CMCA Practice Test Questions and Answers! With 100% Correct Answers Which of the following is a common management control for ensuring maintenance work is performed in a timely manner? A. A purchase order system B. An equipment warranties C. A work order/response form D. A contracto...

Latest Florida Community Association Manager Prelicensure Course 100% Correct with |Updated| 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 associatio...

Latest CAM - Community Association Manager License GA 100% Correct Answers The Year 1925 *Ans* License Law enacted and the GREC (Georgia Real Estate Commission) was created to protect from harmful acts of Real Estate brokers. GREC *Ans* Georgia Real Estate Commission; holds 6 members. 1 of whi...

CAM License Exam with 100% Correct Answers |New Release| being licensed under part VIII of chapter 468 F.S. means *Ans* you are capable of performing community association management (CAM) services specified in the condominium act and reserves these for exclusive use for certain owners *Ans*...

FL CAM License Certification Exam with 100% Correct Answers |Latest Release| 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 *Ans...

General Key Terms with 100% Correct Answers |LATEST| 55 and older community Must have one person who is 55 years of age or older living in at least 80% of its occupied units. The community must be designated "55 and older" to qualify as this type of housing that legally prohibits children ...

Florida CAM Exam Prep |100% Correct| A Community is defined as *Ans* Real or personal property owned by two or more entities, with a "legally binding agreement (covenant) to share responsibility and costs for maintenance and administration of property, assets, and association, and with specifi...

Latest Capitus CAM Course Guide 100% Correct Q&A Which person needs to hold a license? A. A condo owner who manages his own community on a part-time basis. B. A CPA who collects assessments and pays vendors and professionals. C. A person working for a broker and managing only one association o...

#1 Community Association Manager Licensing Exam Revised Guide [100% Correct] Community Association (Definition) *Ans* a residential homeowners' association in which membership is a condition of ownership (mandatory) of a unit in a planned unit development, or of a lot for a home or a mobil...

FLORIDA LCAM 2024 Test Review with 100% Correct Answers Four Main Types of Associations in Florida *Ans* Condominiums Cooperatives Homeowner's Associations (Mandatory) TimeShares Does the structure, architecture, or look of the building or buildings determine what type of Association it is...