Florida cam license laws - Study guides, Class notes & Summaries

Florida (FL) CAM License Exam | Questions and Correct Solutions 2024 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 t...

4 Types of Community Associations - Answer- 1. Condo - FS 718 2. Coop - FS 719 3. HOA - FS 720 4. Timeshare - FS 721 NOT Mobile Home 723 Which type of living condition is NOT a community association? - Answer- Mobile Home - FS 723 Documents include (3) - Answer- 1. Declaration 2. Articles 3. By-Laws A CAM license is NOT required to manage which type of property? - Answer- Commercial How is common property referred to in a condo, coop, HOA? - Answer- Condo - elements...

Florida (FL) CAM License Exam | Questions and Correct Solutions 2024 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 t...

CAM LICENSE EXAM QUESTIONS WITH CORRECT ANSWERS LATEST UPDATED 2024 (Graded A+) being licensed under part VIII of chapter 468 F.S. means Correct Answer: you are capable of performing community association management (CAM) services specified in the condominium act and reserves these for exclusive use for certain owners Correct Answer: limited common elements property owned by all owners in a condominium Correct Answer: the common elements a maintenance coordinator must... Correct Answer: be ...

4 Types of Community Associations - Answer 1. Condo - FS 718 2. Coop - FS 719 3. HOA - FS 720 4. Timeshare - FS 721 NOT Mobile Home 723 Which type of living condition is NOT a community association? - Answer Mobile Home - FS 723 Documents include (3) - Answer 1. Declaration 2. Articles 3. By-Laws A CAM license is NOT required to manage which type of property? - Answer Commercial How is common property referred to in a condo, coop, HOA? - Answer Condo - elements C...

Community Association (Definition) - Answer a residential homeowners' association in which membership is a condition of ownership (mandatory) of a unit in a planned unit development, or of a lot for a home or a mobile home, or of a townhouse, villa, condominium, cooperative, or other residential unit which is part of a residential development scheme and which is authorized to impose a fee (assessment) which may become a lien on the parcel. Assessment - Answer The amount of money a unit or pa...

FL CAM LICENSE QUESTIONS AND ANSWERS ALREADY PASSED Florida Condominium Law is contained in which Chapter of the Florida Statutes? 718 Minutes of meeting of the BOD must be maintained for: 7 years Emergency powers of a condominium board, if a state of emergency has been declared, include: Borrow money and pledge association assets as collateral to fund emergency repairs A condominium association files a lien for unpaid assessments against one of its unit owners, the lien is effective for: One...

Gold Coast 45 Hour Exam Questions (exam version H 2023) Already Passed Property managers who are employed and compensated by community associations are required to obtain and maintain which type of license? CAM What term is used for the practice of specializing in one particular residential neighborhood or type of property? Farming empty upon closing a sales transaction who pays the sales associate their contracted commission? Employing Broker Home sold for $250k with a garage, a home sold ...

Exam Question Master 1 T/F - Real estate professionals provide knowledge of market conditions - ANS True The product that real estate licensees market is - ANS Expert Information Real estate professionals provide expert information in three areas: - ANS Property transfer, market conditions, and how to market real estate and businesses. D.B.P.R (Department of Business and Professional Regulation) main office location - ANS - Located in Tallahassee, FL. DRE (Divisio...

FL Real Estate Exam Practice Questions Which statement is true regarding the use of the term REALTOR? All real estate licensees are REALTORS All REALTORS are members of the National Association of REALTORS (NAR) The terms real estate licensee and REALTOR may be used interchangeably The Florida DBPR authorizes the use of the term REALTOR - ANS All REALTORS are members of the National Association of REALTORS (NAR) The term follow up refers to...? - ANS what a sales assoc...