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Florida CAM License Application of Money Questions and Answers 100% Verified
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Florida CAM License Application of Money
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Florida CAM License Application ofMoney
Annual fee per 7 day rental period/per unit; payable to DBPR DCTMH; due Jan 1st -
answer$2.00
Annual fee per unit; payable to DBPR DCTMH; due Jan 1st - answer$4.00
Developer fee per unit; payable to DBPR DCTMH; due before accepting first purchase
agreement - answer$20.00
Maximum late fee - answer$25.00 or 5% (greater of)
Maximum damages per day for failure to provide records (maximum $500) -
answer$50.00
Maximum elevator fee - answer$100.00
Maximum fine per day (not to exceed $1,000 total; HOA documents may allow greater
aggregate amount) - answer$100.00
Maximum transfer fee (if in documents) - answer$100.00
Fine - failure to report elevator incident (bodily injury or death) - answer$1,000.00
Minimum fine - failure to provide Workers' Compensation Insurance - answer$1,000.00
Component required to be included in budget reserve schedule - answer$10,000.00 or
greater
Combined value of CA budget(s); CAM License required (natural person and
management firm) - answer$100,000.00 or more
Compiled financial statements required at fiscal year-end - answer$150,000.00 but less
than $500,000.00
Reviewed financial statements required at fiscal year-end - answer$300,000.00 but less
than $500,000.00
Audited financial statements required at fiscal year-end - answer$500,00.00 or more
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