Cam practice exam - Study guides, Class notes & Summaries

FL CAM Practice Exam #1 with Verified Answers

After purchasing the mobile home park, the residents form a community association and hire a paid manager. The manager must be licensed under Part VIII of Chapter 468 if the budget of the association exceeds: A.$50,000 B.$75,000 C.$100,00 D.$125,000 - C. A type of joint ownership of real estate where legal title is not vested in the individual, but the individual receives the right to occupy a unit, is a: A. mobile home. B. cooperative C. mandatory homeowners' association. D. condom...

Cost Conscious Condominium is presently preparing their annual budget. Expenses on the proposed budget are to be listed by: A. Accounting methods B. Account and classification C. Sequence D. Numerical order B. Kathryn Stifspine, a cooperative shareholder, becomes delinquent in payment of her monetary obligations to the association. The association may A. Immediately begin foreclosure proceedings. B. Restrict her voting rights immediately when she becomes delinquent. C. Demand that...

CAM practice exam Questions and Answers 100% Correct

FL CAM Practice Exam 2 Latest 2023 Already Passed Cost Conscious Condominium is presently preparing their annual budget. Expenses on the proposed budget are to be listed by: A. Accounting methods B. Account and classification C. Sequence D. Numerical order B. Kathryn Stifspine, a cooperative shareholder, becomes delinquent in payment of her monetary obligations to the association. The association may A. Immediately begin foreclosure proceedings. B. Restrict her voting rights immediately w...

FL CAM Practice Exam 2 Questions with 100% Correct Answers | Latest Update 2024 | Verified

Cost Conscious Condominium is presently preparing their annual budget. Expenses on the proposed budget are to be listed by: A. Accounting methods B. Account and classification C. Sequence D. Numerical order - Answer- B. Kathryn Stifspine, a cooperative shareholder, becomes delinquent in payment of her monetary obligations to the association. The association may A. Immediately begin foreclosure proceedings. B. Restrict her voting rights immediately when she becomes delinquent. C. Deman...

FL CAM Practice Exam #1

Cost Conscious Condominium is presently preparing their annual budget. Expenses on the proposed budget are to be listed by: A. Accounting methods B. Account and classification C. Sequence D. Numerical order - correct answer B. Kathryn Stifspine, a cooperative shareholder, becomes delinquent in payment of her monetary obligations to the association. The association may A. Immediately begin foreclosure proceedings. B. Restrict her voting rights immediately when she becomes delinquent. ...

After purchasing the mobile home park, the residents form a community association and hire a paid manager. The manager must be licensed under Part VIII of Chapter 468 if the budget of the association exceeds: A.$50,000 B.$75,000 C.$100,00 D.$125,000 - C. A type of joint ownership of real estate where legal title is not vested in the individual, but the individual receives the right to occupy a unit, is a: A. mobile home. B. cooperative C. mandatory homeowners' association. D. condom...