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FLORIDA PRACTICE CAM EXAM 1 Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

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FLORIDA PRACTICE CAM EXAM 1 Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

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  • June 19, 2024
  • 14
  • 2023/2024
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  • florida practice cam exam 1 questions with 100 ac

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FLORIDA PRACTICE CAM EXAM 1
A 14-day notice of a membership meeting of Valley Crest Condominium was
given for the specific purpose of amending the Bylaws. A copy of the
proposed changes was attached to the notice. During the meeting, motions
were made and seconded that changed the wording of the amendments, a

✅✅
vote was taken, and the changed amendments were approved by 83% of the
membership. Which applies? - -The vote is invalid. Another meeting
must be properly noticed with the new changes attached.

A change in the Bylaws of Cleaner Times Cooperative was proposed to its
shareholders. The notice containing the proposed amendment stated:Article
B.1 currently reads as follows: No pets are allowed within any cooperative unit
or any cooperative common areas. The amendment to Article B.1 is as

✅✅
follows: One cat or one dog weighing less than 25 pounds is permitted within
any cooperative unit. Which applies? - -The amendment is not valid
since it is not stated in proper form with new words underlined and eliminated
words stricken through with hyphens.

A cooperative association with 52 units that has annual revenues totaling

✅✅
$155,000 must provide which type financial statement to its membership? -
-Compiled

A knowledgeable and informed purchaser of a condominium unit would know
to look at which document(s) to determine his percentage of the total

✅✅
assessments and to know the amount specifically due for the coming year for
the unit he wishes to purchase. - -II. Declaration of Condominium and
Budget.

A resident seeking to sue the board of directors of his condominium
association may be required to submit to a process called Alternative Dispute

✅✅
Resolution before he can proceed to court if his dispute includes which of the
following: - -Failure to allow him to inspect the association records

A time share condominium will be making its report to the Division of Florida
Condominiums, Timeshares, and Mobile Homes and remitting the fee for its

✅✅
200 units that sell 50 weeks per unit. How much is the fee to be remitted? -
-$ 20,000

, Absent any other provisions in the governing documents, the unit owners may

✅✅
elect at least one representative to the board of directors when the developer
has sold ________ . - -At least 15 percent of the units

Acme Pest Control has been hired by Johnny On The Spot Condominium
Association to perform routine pest control inside the units. Most owners live
out of state or out of the country and won't be home every month when Acme

✅✅
Pest Control wants to perform their duties. Which applies? -
-Management has the right to enter a unit during reasonable times for
maintenance or repair. Management also has the right to enter a unit at any
time during an emergency.

After the bookkeeper embezzled funds from the association, Polly Smith
brought action against the board of directors because she thought the board
violated its fiduciary responsibility when it failed to perform a criminal

✅✅
background check on the bookkeeper. Which insurance policy will the board of
directors depend on to cover them in this lawsuit? - -The Directors' and
Officers' Liability policy

After the vote, board member, Correct Colleen, wants to add a clarifying

✅✅
phrase to a motion that has been voted on and approved. Which applies? -
-After the final vote, this action is out of order.


✅✅
After turnover (transition), the developer is obligated to the owners to: -
-Honor the statutory warranties

At a regular board meeting of the Keep 'Em Quiet Homeowners' Association,
Miss Dorothy, owner of Unit 2929, asked to be recognized so she could make

✅✅
comments about an agenda item the board was going to discuss. Her request
to speak was denied. Which applies? - -This action was unlawful
because all owners of a homeowners' association may attend and speak on
specified agenda items at all board of directors' meetings.

Brenda Broke lost her job and her son has been in the hospital for six weeks
with no insurance. As a result, she has not paid her assessments for three

✅✅
months. What action, if any, may/must the board of directors of Hop to It
Condominiums consider? - -The board can exercise the statutory
suspension of use rights and deactivate her pool gate pass.

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