Florida cam 2023 - Study guides, Class notes & Summaries

Florida CAM 2023

Cooperatives - correct answer Joint ownership of a real estate where an individuals purchased shares of stock in a corporation. Condominium is created when the declaration of convenience is recorded in the: - correct answer Public records of the county where the property is located. Timeshare - correct answer Community permits individual units to be owned and occupied for fixed period for less than a year. Chapter 617, F.S. Florida not for Profit Act - correct answer Florida Sta...

If a declaration of condominium or bylaws so provide, an association may require a security deposit from prospective lessees up to the amount of correct answers 1 month's rent A homeowner's association board must obtain competitive bids for any contract which will cost in excess of correct answers 10% of the annual budget including reserves Employees with the community association are usually those workers where the association pays or deducts for correct answers social security tax, une...

If a declaration of condominium or bylaws so provide, an association may require a security deposit from prospective lessees up to the amount of correct answer: 1 month's rent A homeowner's association board must obtain competitive bids for any contract which will cost in excess of correct answer: 10% of the annual budget including reserves Employees with the community association are usually those workers where the association pays or deducts for correct answer: social security tax, ...

The pH of the pool water must be maintained at: 7.2-7.8 A person who manages a rental apartment complex _____ a Community Association Manager's License. May, but is not required, to have. Condominium & Cooperative Associations pay an annual fee of $____ per residential unit, per ____, to the DFCTSMH Trust Fund. $4.00/year Toca Chica Cooperative, with 35 units, has joined with Levitz Office Condominium, to form a self-insurance pool for windstorm insurance. Levitz has 10 ...

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Florida Cam Exam Florida Cam Test Exam Update Questions and Correct Answers Rated A+

The rights that each member has to participate in the business of the association is describe in the? -articles of incorporation -the bylaws An association can suspend the voting right of a member True A association can suspend the voting right of a member if the member fails to pay any monetary obligation for 90 days or longer Types of meetings an association can conduct -Annual meetings -Special meetings -Budget meetings -Committee meetings All associations ...

Florida CAM Multiple Choice Q&A Exam 2023-2024...