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Florida Cam Exam Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

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Florida Cam Exam Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

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  • June 19, 2024
  • 36
  • 2023/2024
  • Exam (elaborations)
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  • florida cam exam questions with 100 actual correc

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Florida Cam Exam
25% of the members have petitioned its cooperative board for an audit rather
than a compilation, when the past years annual revenue were $250,000. The

✅✅
association must hold a membership meeting within 30 days after receiving
the petition to vote on this issue. - -True

✅✅
A ballot is disqualified if: - -the outer envelope is not signed
the outer envelope does not identify the unit or parcel
the ballot has not been enclosed in an envelope
more than the number of candidates have been voted for on the ballot
IT can not be determined who the vote was for
the inner envelope contains more than 1 ballot

a committee that confirms a rejects a fine or suspension of member's rights

✅✅
must provide no less than _____ days notice of meetings to alleged violators.
- -14

A committee that confirms or rejects a fine or suspension of member rights

✅✅
must provide no less than_______ notice of meeting to alleged violators -
-14 days notice.

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

A community association may reimburse an officer or director for actual

✅✅
expenses incurred in carrying out his or her duties, including educational
courses to improve knowledge and skills. - -True


✅✅
A condo of ______ or fewer units or a coop of any size can _______
________ of voting procedures - -10 / opt out

A condo or coop is required to provide an audit at turnover. - ✅✅-True
✅✅
A condo or cooperative must collect assessments no less often than -
-quarterly

A condominium may suspend the voting rights of a member that owes more
than $1,000 of any fee, fine, or other 28 mandatory obligation that is more

,than 90 days delinquent. The condominium must provide proof of the amount

✅✅
29 owed to the unit owner 30 days before such suspension takes effect. -
-True


✅✅
A cooperative cannot prohibit members who are delinquent in assessment
from serving on the board. - -True

A cooperative or HOA may suspend the voting rights of a unit or member due

✅✅
to nonpayment of any monetary 26 obligation due to the association, which is
more than 90 days delinquent. - -True

A coopoerative or HOA may suspend the voting rights of a member due to

✅✅
non payment of any monetary obligation due to the association which is more
than 90 days delinquent. - -True

A copy of the most recent annual financial report, or a notice of the most
recent annual financial report must be mailed or hand delivered to the unit

✅✅
owner, without charge, within _____ business days after receipt of written
notice from the memeber - -5


✅✅
A developer may/ may not charge a fee for the initial set of documents? -
-may not

A developer must add all phases to a condominium with ____ years after the
recording of the __________ ____ _________ which submitted the initial
phase to condo ownership, unless an amendment extending that period is

✅✅
properly approved by the owners within the last _____ years of the _____
year period. - -7/ Declaration of Condominium/3/7


✅✅
A homeowner may suspend voting rights if a member is more than 90 days
late in paying an assessment or other monetary amount - -True


✅✅
A majority of a quorum has authority to act for the full board on all matters
unless a specific additional number is required. - -True

A member denied access to official records is entitled to actual damages or

✅✅
minimum damages of $____ per ______ up to ________ days -
-50/day/10

, ✅✅
A mobile home park owner must pay ______ for each lot to be used in his
mobile home park when forming the mobile home park: - -$10, minimum
of $100

A newly appointed director has :__________ _________ to read the

✅✅
association declaration, articles of incorporation bylaws, rules & regulations
and written policies. - -90 days


✅✅
A person who manages units for one or more owners within one or more
community associations is not required to be a CAM. - -True


✅✅
A pool longer than 50 feet must have __________shepherds hooks and at
least ______lifesaving ring on each of the longer sides. - -multiple / 1


✅✅
A pool that serves no more than _______ condo or coop units that are not
operated as public lodging is __________. - -32/ exempt


✅✅
A proxy in a condo association is valid for a period of up to 90 days after the
date of the first meeting for which it was given. - -True


✅✅
A quorum excludes members whose voting rights have been suspended by
the board from the TVI and the quorum - -True

A quorum of the board is required for election of officers - ✅✅-True
A reserve schedule should include: - ✅✅ -list of all deferred maintenance
and capital expenditure reserve items,
est. remaining useful life of each item
est. cost of deferred maintenance and capital equipment replacement for each
item,
est fund balance for each item at the end of the current fiscal year
required funding amount for each budget year for each item.


✅✅
A special meeting of the HOA must be held when called by the board or by at
least _____ TVI. - -10%


✅✅
A timeshare divides residential property into specific time periods that
provides members with exclusive use rights - -True

, ✅✅
A valid Declaration of Condominium must contain easements for ingress and
egress to all units and the common elements - -True


✅✅
A volunteer director who is not compensated for his duties as a director need
not have a CAM license - -True


✅✅
A windstorm self insurance pool must include 3 or more associations, all of
which must be residential, with not less than 50 units. - -True

According to part v of the cooperative act, what agency is designated to

✅✅
enforce and ensure compliance with provisions of the Cooperative Act -
-The DBPR

According to Part V of the Cooperative act, what agency is designated to

✅✅
enforce and ensure compliance with provisions of the cooperative act? -
-Department of Business and Professional Regulations


✅✅
Additional appurtenances for members in all community associations include -
-Sharing in ownership of common elements and any common surplus
rights to use common elements
rights to reserve common elements, as determined by the association docs
and rules
club membership rights and other rights may be established in the association
docs
access to any available licensed satellite, cable or communications service
the right to peaceably assemble, including the right to use common areas in
accordance with association docs
the right to vote.


✅✅
All association money is for the benefit of the member, not to create surplus or
reinvest. - -True

All Associations are corporations, not for profit. - ✅✅-True
All community associations are required to have a financial plan that sets forth

✅✅
the proposed revenues and expenditures of funds for the maintenance and
management of association properties for the fiscal year. - -True

All Community associations have - ✅✅-to file with the department of the
secretary of state

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