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FLORIDA CAM LICENSE FINAL EXAM COMPLETE TESTBANK LATEST UPDATE 2024/2025
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FLORIDA CAM LICENSE FINAL EXAM COMPLETE TESTBANK LATEST UPDATE 2024/2025
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FLORIDA CAMLICENSE FINAL
EXAM COMPLETE
TESTBANK
LATEST UPDATE
2024/2025
,Florida Cam Exam
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
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