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FL CAM License Exam Fall 2023 Questions and Answers Solved 100%
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FL CAM License Exam Fall 2023 Questions and Answers Solved 100%
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FL CAM License Exam Fall 2023 Questions and AnswersSolved 100%
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,FL CAM License Exam Fall 2024 Questions and Answers
Solved 100%
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 - ANSWER B. an undivided
Condominium means individual ownership of a unit coupled with joint ownership of an
undivided share of the common elements as well as mandatory membership in the
association.
2. Under the General Corporate Law , community associations have the right to buy,
sell or lease real property. Under the condo and co-op laws , condos and coops have
the specific authority to acquire title.
A. & 719
B. & 708
C. & 719
D. & 719 - ANSWER D. & 719
FS 607 is General Corporate Law, FS 718 is condominiums, and FS 719 is cooperatives.
3. A person doing the following for remuneration must have a license.
A. Posts notices for meetings and chairs committee meetings
B. Prepares budgets and financial statements.
C. Supervises maintenance.
D. All of the above. - ANSWER D. All of the above.
A person who provides the following services for compensation must be licensed by DBPR
Disburse funds
,FL CAM License Exam Fall 2024 Questions and Answers
Solved 100%
Prepare budgets and/or financial reports
Notice or conduct meetings
Coordinate maintenance or other day-to-day services involving the operation of the
association
4. Application for renewal of a CAM license shall be postmarked by . If
renewal application is postmarked after of the renewal year, the license shall be
deemed expired.
A. September 30, September 30
B. October 31, October 31
C. September 30, October 31
D. December 31, January 1 - ANSWER C. September 30, October 31
Renewal applications shall be postmarked on or before September 30 each even year. If the
renewal application is postmarked after October 31, that license is deemed expired.
5. Restrictive covenants that run with the land as permanent restrictions remain in effect until
.
A. The majority of the owners vote otherwise
B. All of the owners agree
C. The developer cancels them
D. The community is terminated - ANSWER D. The community is terminated
When you purchase, you know that these covenants exist and will continue to exist for the
life of the condominium or parcel and upon resale, the next owner inherits the same
covenants. This is called running with the land.
6. The Cooperative documents must contain all of following except .
A. Documentation of each owner
B. Identification by unit number/letter
C. Recognition of owner
D. Definition of the grounds lease - ANSWER B. Identification by unit number/letter
, FL CAM License Exam Fall 2024 Questions and Answers
Solved 100%
Under Cooperative law, the co-op documents include the Articles of Incorporation and
By-Laws, a definition of the grounds lease, the owner's share and membership in the co-op
and title or right to use of a unit.
7. The creates the association and the creates the condominium.
A. Declaration of Condominium / Articles of Incorporation
B. By-Laws / Declaration
C. Articles of Incorporation / Declaration
D. Articles of Incorporation / Bylaws - ANSWER C. Articles of Incorporation
/ Declaration
The Articles of Incorporation, also known as the Corporate Charter, are the documents that
create the association. The Condominium is established when the developer records the
Declaration of Condominium with the county clerk in the county seat of the county in which
the condominium is to be built.
8. What defines the membership and the voting rights of the Association?
A. Corporate Charter
B. Declaration of Condominium
C. By-Laws
D. Rules and Regulations - ANSWER A. Corporate Charter
The Articles of Incorporation, also known as the Corporate Charter, provide the framework for
the organization of the association and define its membership and the voting rights of the
members.
9. The establish(es) the procedures for carrying out the day to day responsibilities
of the association.
A. Articles of Incorporation
B. Declaration of Condominium
C. By-laws
D. Rules and Regulations - ANSWER C. By-laws
The By-Laws establish the procedures for carrying out the association's responsibilities and
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