Florida CAM Exam 100% Correct Answers Verified Latest 2024 Version
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Florida CAM Exam | 100% Correct Answers |
Verified | Latest 2024 Version
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...
Florida CAM Exam | 100% Correct Answers |
Verified | Latest 2024 Version
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
- ✔✔True
The Florida Fair Housing Act prohibits discrimination on the basis of handicap - ✔✔True
A valid Declaration of Condominium must contain easements for ingress and egress to all units and the
common elements - ✔✔True
Compliance with the Construction Lien Law is very technical and can have an impact on title to property.
Therefore the board should always consult with the manager regarding lien issues - ✔✔False. The board
should consult an attorney.
Corporate Charter - ✔✔Articles of Incorporation are also known as the
Establishes the power and authority of the community Association
Establishes the corporate entity that is responsible for management, maintenance and operation of the
community association
Is based in corporate law - ✔✔Articles of Incorporation ( Corporate Charter)
Florida Not for Profit Corporate Act - ✔✔FS 617
Florida Corporate Act - ✔✔FS 607
Conducting business and Community Association affairs
,Operating and managing the association property and assets
Suing and defending against actions
Lending money for association purposes
Acquiring Property
Entering into contracts and purchasing items that are required for operations and maintenance
Incurring liabilities
Borrowing funds
Mortgaging community association properties - ✔✔Powers that are granted in FS 617
Condominium Act - ✔✔FS 718
Form of joint ownership of real property that comprises:
Exclusive ownership of each unit
Joint undivided share of common elements
Required membership in the community association - ✔✔What is a condominium?
Cooperative Act - ✔✔FS 719
Mandatory Homeowner's Association - ✔✔FS 720
Mandatory contents of a declaration ( condos) - ✔✔FS 718.104
Definitions of the corporate entity, powers of association, easements, rights of access to unit, insurance,
official records of the association, community directory, financial reporting requirements, purchase of
units, purchase of land and recreation leases, operations of condominiums created prior to January 1,
1977, commingling - ✔✔FS 718.111
FS 718.1124 - ✔✔Definitions of required contents of bylaws, including administration, notice
requirements, quorum, proxies, voting requirements, elections, electronic voting, candidate eligibility,
director certificate/education requirements, recalls, arbitration, timeshare condominium exceptions,
,board and member meetings, Annual budget requirements, assessments, amendment of bylaws,
transfer fees, director and officer delinquencies and offenses, common elements ( limited power to
convey to a condemning authority)
FS 718.113 - ✔✔Maintenance requirements, display of flags and religious decorations, hurricane
shutters, and other types of code-complaint hurricane protection
FS 718.114 - ✔✔Association powers, acquisition of leasehold memberships and other possessory or use
interests
FS 718.115 - ✔✔Common Expenses and common surplus, expense and credits for hurricane protection,
communication expenses
FS 718.116 - ✔✔Liability for not paying common expenses, including the right to assess interest, lien,
foreclose, and collect rents from delinquent members etc., liability of first mortgage holder, liability of
previous owners
FS 718.303 - ✔✔Provides that if a member is more than 90 days delinquent or has failed to comply with
his or her monetary obligation that is due to the community association, or has failed to comply with the
documents or reasonable rules, the right to use common elements can be suspended. Provides fining
authority and procedures.
The pH of the pool water must be maintained at: - ✔✔7.2-7.8
Condominium and Cooperative Associations pay an annual fee of $_______ per residential unity, per
______ to the DFCTSMH Trust Fund - ✔✔$4.00/ Year
A windstorm self insurance pool must include 3 or more associations, all of which must be residential,
with not less than 50 units. - ✔✔True
The member must place an election ballot in an inner envelope, and place the inner envelope in an
outer envelope, which the member signs. - ✔✔Procedures for voting in secret for members who are not
in attendance at the annual meeting.
, The purpose of Regulatory Council of Community Association Managers is to - ✔✔Provide licensure
exam and continuing education requirements for CAMS
A volunteer director who is not compensated for his duties as a director need not have a CAM license -
✔✔True
Prospective members must receive certain information from an HOA when purchasing a new unit,
including Community Association Disclosures - ✔✔True
An employee of the ombudsman's office may not serve as an officer in a local, state, or national political
party - ✔✔True
Components of a collection policy should not include court charges for filing of liens - ✔✔True
At will means - ✔✔an employee who may be dismissed at any time for any non-discriminatory reasons,
with or without cause
.
FS 482 - ✔✔governs pest control companies and operators
The Ombudsman duties include but are not limited to - ✔✔Encourage and facilitate voluntary meetings
with and between members, directors, managers, and other affected parties of condominiums
Community association management companies must file for company insurance - ✔✔Once very two
years on October 1st of odd numbered years.
HOA's must file for arbitration with DBPR when members contest elections of recalls - ✔✔True
Pursuant to FS 720, an HOA has all the following powers in an emergency declared by the governer: -
✔✔to cancel and reschedule an association meeting
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