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Florida CAM Prep 2024 With 100% Correct Answers Guarantee Pass
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Florida CAM Prep 2024 With 100% Correct Answers Guarantee Pass
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Florida CAM Prep.pdf file:///C:/Users/HP/Desktop/New%20fo/Florida%20CAM%20Prep(FL CAM) Florida CAM Prep
1. A Community is defined as
Answer Real or personal property owned by two or more entities, with a "legally binding
agreement (covenant) to share responsibility and costs for maintenance and administration of
property, assets, and association, andwith specific rights granted to the members.
2. Community Associations are structured by
Answer Formal (in writing), legal docu-ments defining property rights, rules and
restrictions.
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3. Community Associations are also refered to as
Answer Covenant
4. Conceptually Community Associations
Answer Maximize land use, share responsi-bility, and expenses.
5. What are the 5 types of Community Associations?
Answer Condo, Cooperative, HOA,Timeshare, Mobile Home Park
6. What are the 3 specific requirments of CA in Florida
Answer Membership is manda-tory, members must have the right to vote, an assessment, if
unpaid can become alien.
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