Florida CAM Exam Study Guide Questions with Complete Solutions Latest 2023/2024 A Community Association is generally defined as real or personal property, owned by two or more entities, which share the responsibility for the costs of maintenance and administration - Correct Answer True Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purchase
- Correct Answer True
The Florida Fair Housing Act prohibits discrimination on the basis of handicap - Correct Answer True A valid Declaration of Condominium must contain easements for ingress and egress to all units and the common elements - Correct Answer True Compliance with the Construction Lien Law is very technical and can have an impact on title to property.Therefore the board should always consult with the manager regarding lien issues - Correct Answer False. The board should consult an attorney.Corporate Charter - Correct Answer Articles of Incorporation are also known as the Establishes the power and authority of the community Association Establishes the corporate entity that is responsible for management, maintenance and operation of the community association Is based in corporate law - Correct Answer Articles of Incorporation ( Corporate Charter) Florida Not for Profit Corporate Act - Correct Answer FS 617 Florida Corporate Act - Correct Answer FS 607 Conducting business and Community Association affairs 1 / 4
Operating and managing the association property and assets Suing and defending against actions Lending money for association purposes Acquiring Property Entering into contracts and purchasing items that are required for operations and maintenance Incurring liabilities Borrowing funds Mortgaging community association properties - Correct Answer Powers that are granted in FS 617 Condominium Act - Correct Answer FS 718
Form of joint ownership of real property that comprises:
Exclusive ownership of each unit Joint undivided share of common elements Required membership in the community association - Correct Answer What is a condominium?Cooperative Act - Correct Answer FS 719 Mandatory Homeowner's Association - Correct Answer FS 720 Mandatory contents of a declaration ( condos) - Correct Answer FS 718.104 Definitions of the corporate entity, powers of association, easements, rights of access to unit, insurance, official records of the association, community directory, financial reporting requirements, purchase of units, purchase of land and recreation leases, operations of condominiums created prior to January 1, 1977, commingling - Correct Answer FS 718.111 FS 718.1124 - Correct Answer Definitions of required contents of bylaws, including administration, notice requirements, quorum, proxies, voting requirements, elections, electronic voting, candidate eligibility, director certificate/education requirements, recalls, arbitration, timeshare condominium exceptions, board and member meetings, Annual budget requirements, assessments, amendment of 2 / 4
bylaws, transfer fees, director and officer delinquencies and offenses, common elements ( limited power to convey to a condemning authority) FS 718.113 - Correct Answer Maintenance requirements, display of flags and religious decorations, hurricane shutters, and other types of code-complaint hurricane protection FS 718.114 - Correct Answer Association powers, acquisition of leasehold memberships and other possessory or use interests FS 718.115 - Correct Answer Common Expenses and common surplus, expense and credits for hurricane protection, communication expenses FS 718.116 - Correct Answer Liability for not paying common expenses, including the right to assess interest, lien, foreclose, and collect rents from delinquent members etc., liability of first mortgage holder, liability of previous owners FS 718.303 - Correct Answer Provides that if a member is more than 90 days delinquent or has failed to comply with his or her monetary obligation that is due to the community association, or has failed to comply with the documents or reasonable rules, the right to use common elements can be suspended.Provides fining authority and procedures.
The pH of the pool water must be maintained at: - Correct Answer 7.2-7.8
Condominium and Cooperative Associations pay an annual fee of $_______ per residential unity, per ______ to the DFCTSMH Trust Fund - Correct Answer $4.00/ Year A windstorm self insurance pool must include 3 or more associations, all of which must be residential, with not less than 50 units. - Correct Answer True The member must place an election ballot in an inner envelope, and place the inner envelope in an outer envelope, which the member signs. - Correct Answer Procedures for voting in secret for members who are not in attendance at the annual meeting. 3 / 4
The purpose of Regulatory Council of Community Association Managers is to - Correct Answer Provide licensure exam and continuing education requirements for CAMS A volunteer director who is not compensated for his duties as a director need not have a CAM license - Correct Answer True Prospective members must receive certain information from an HOA when purchasing a new unit, including Community Association Disclosures - Correct Answer True An employee of the ombudsman's office may not serve as an officer in a local, state, or national political party - Correct Answer True Components of a collection policy should not include court charges for filing of liens - Correct Answer True At will means - Correct Answer an employee who may be dismissed at any time for any non- discriminatory reasons, with or without cause .FS 482 - Correct Answer governs pest control companies and operators The Ombudsman duties include but are not limited to - Correct Answer Encourage and facilitate voluntary meetings with and between members, directors, managers, and other affected parties of condominiums Community association management companies must file for company insurance - Correct Answer Once very two years on October 1st of odd numbered years.HOA's must file for arbitration with DBPR when members contest elections of recalls - Correct Answer True Pursuant to FS 720, an HOA has all the following powers in an emergency declared by the governer: - Correct Answer to cancel and reschedule an association meeting
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