Florida cam law Study guides, Class notes & Summaries

Fl Cam License Practice Questions And Answers Verified 2024/2025 Florida Condominium Law is contained in which Chapter of the Florida Statutes? - CORRECT ANSWER-718 Minutes of meeting of the BOD must be maintained for: - CORRECT ANSWER-7 years Emergency powers of a condominium board, if a state of emergency has been declared, include: - CORRECT ANSWER-Borrow money and pledge association assets as collateral to fund emergency repairs A condominium association files a lien for unpaid as...

2024 FLORIDA CAM License - Questions with Verified Answers An association with annual revenues of less than $150,000 or with fewer than 50 parcels/units is required to prepare. A. an audited financial report B. a compiled financial report C. a report of cash receipts and expenditures D. a reviewed financial report If the documents do not state the number of directors, in a HOA, there must be at least_____ directors. In a co-op or condominium, there must be at least _____, unless there are five...

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 ...

Florida CAM Study Guide (2022/2023) (Complete and Accurate) Community Association: Real or personal property owned by 1 or more entities with legally binding agreement (covenant) to share responsibility for and costs of maintenance and administration of the property, assets, and assoc. Specific rights granted to members. Pro of community living: Shared: armenties, maintenance expenses, operations stability/security, centralized responsibility. Con of Community living: loss of control, mismanag...

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 EXAM STUDY SET 2024/2025 ACTUAL AND VERIFIED 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 licensed a...

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...

being licensed under part VIII of chapter 468 F.S. means -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 -Answer limited common elements property owned by all owners in a condominium -Answer the common elements a maintenance coordinator must... -Answer be licensed as a community association manager and is not exempt the condominium concept is made up of.....

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...

being licensed under part VIII of chapter 468 F.S. means correct answers 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 answers limited common elements property owned by all owners in a condominium correct answers the common elements a maintenance coordinator must... correct answers be licensed as a community association manager and is not exempt the condomi...