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FL CAM Practice Exam 100 Questions and Correct Answers 2024
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FL CAM Practice Exam 100 Questions and Correct Answers 2024 FL CAM Practice Exam 100 Questions and Correct Answers 2024
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FL CAM Practice Exam 100 Questions andCorrect Answers 2024
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 - ANSWER--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. condominium - ANSWER--B.
The type of community association that permits individual units to be
owned and occupied by different people during the year is a:
A.time-share property.
B.cooperative.
C.phase condominium
D.townhouse - ANSWER--A.
Appurtenances in a condominium or cooperative include rights of:
, FL CAM Practice Exam 100 Questions and
Correct Answers 2024
A. use and access to all individual units.
B. liens.
C. the association's records.
D. the use of and access to all easements, membership in the association,
and assigned percentage of ownership in the common areas and any club
membership rights. - ANSWER--D.
Any person or firm licensed under Part VIII of Chapter 468, Florida
Statutes, is considered:
A. responsible for management
B. capable of performing community association management services.
C. capable of transferring possessions and ownership of cooperative
property. - ANSWER--B.
A homeowners' association where membership in the association is
mandatory for all owners and the association has a lien right which is not
a condominium or cooperative is regulated by provisions of which
Florida statute?
A. 648, F.S.
B. 720, F.S.
C. 721, F.S.
D 735, F.S. - ANSWER--B.
, FL CAM Practice Exam 100 Questions and
Correct Answers 2024
A board member of a condominium or cooperative association may not
accept anything of value providing goods or services to the association
for his/her benefit or the benefit of his/her family except:
A. for items received at trade fairs or educational programs
B. when fully disclosed to all of the other board members.
C. when received from a vendor who is also a relative.
D. when the item received has a value of less than $500.00 - ANSWER--
A.
The document that created an elaborate set of convenants and
restrictions that establish basic rights and responsibilities of
homeowners' assocaition members, residents and guests is the:
A. Charter
B. Bylaws.
C. Articles.
D. Declaration. - ANSWER--D.
Florida's Condominium Act and the Not-For-Profit Act require which
document to establish procedures for carrying out the day-to-day
operations of the association?
A. Charter
B. Bylaws.
C. Declaration.
D. Articles. - ANSWER--B.
, FL CAM Practice Exam 100 Questions and
Correct Answers 2024
The Condominium Act specifies that which of the following are
reserved for exclusive use of certain owners?
A. Common ares.
B. Limited common elements.
C. Recreation areas.
D. Elevators - ANSWER--B.
The community association statute require that each association's
governing documents be recoreded with which of the following to be
effective?
A. The Department of Business and Professional Regulation,
B. The clear of the circuit court.
C. The recording office.
D. The Division of Florida Condominiums, Timeshares and Mobile
Homes - ANSWER--B.
The Condominium Act gives which of the following the power to
enforce and ensure compliance with the law?
A. The Department of State.
B. The directors of the associations.
C. The Division of Florida Condominiums, Time Shares, and Mobile
Homes.
D. the clerk of the circuit court - ANSWER--C.
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