FL CAM License Actual Exam Latest

FL CAM License Actual Exam Latest Update Questions and Correct Answers Rated A+

Can a condominium manager spray insecticide in and on the common areas of a condominium if a unit owner asks? -ANSWER-Not unless he is appropriately licensed by the Florida Department of Agriculture and Consumer Services

For purposes of Chapter 718 Florida Statutes, "Reserves" means: -

ANSWER-Any funds other than operating funds, that are restricted for deferred maintenance and capital expenditures

Which of the following statements concerning towing is true? - ANSWER-The notice must provide the name and current telephone number of the person or firm towing the vehicle

Pursuant to Chapters 718 and 720 Florida statutes, how much notice is generally required for a special or annual meeting? -ANSWER-14 days

Property taxes on the common property of an association are

assessed against: -ANSWER-The individual owners

The Turnover Audit required by the Florida Condominium Act shall: -

ANSWER-Cover a period beginning with the date of incorporation of the association, or from the end of the fiscal period covered by the last audit if all fiscal periods have been audited, and ending with the date of transfer of association control to the unit owners other than the developer

Notice of an annual meeting usually does not contain: -ANSWER-

Listing of social events

Within how many days after a home owners association receives an estoppel request does the association have to comply? -ANSWER-10 days

A condominium association is preparing ballots for the upcoming election of unit owners to its board of directors, which of the following is true? -ANSWER-The written ballot shall indicate in alphabetical order by surname each and every unit owner or other eligible person who desires to be a candidate for the board of directors and who complied with all applicable rules and procedures for candidacy

Appurtenances of condominium unit ownership may include: -

ANSWER-An undivided share of the common elements

Florida not-for-profit corporations are chartered in accordance with which chapter of the Florida Statutes? -ANSWER-617

In a condominium of more than 500 units, the developer is entitled to elect at least one member of the board of directors as long as he holds at least what percentage of the units? -ANSWER-2%

At the request of a unit owner, the Board of Directors of Chapter 718 Florida Statutes must deliver a Certificate of Status of Assessments

within: -ANSWER-10 days

Condominium Association assessments must be paid at least: -

ANSWER-Quarterly

The Association is created by filing the Articles of Incorporation with

the: -ANSWER-Florida Secretary of State

The statutory law for cooperatives is contained in which Chapter of the Florida Statutes? -ANSWER-719

The 1988 amendment to the Federal Fair Housing Act added the

following as protected classes: -ANSWER-Persons with disabilities

If a developer does not guarantee the budget, assessments are collected on all developer-owner units from when until the date the developer sells the unit? -ANSWER-The date of the certificate of occupancy

The Association is created by the: -ANSWER-Articles of Incorporation

If the Declaration of Condominium provides for material alterations or additions to the common elements, but does not set forth the manner, then at least what percentage of the owners must approve the alteration or addition? -ANSWER-75%

A quorum for a condominium association is: -ANSWER-A majority of

the voting interest in person or proxy

A cooperative is required to maintain a book or books containing the minutes of all meetings of the association, board of directors, and unit owners for a period of not less than how many years? -ANSWER-7 years

If a condominium unit owner is delinquent in his assessment, does the association have the authority to suspend his use of the common

elements? -ANSWER-After 90 days for the use but not access and parking

Which of the following claim adjuster(s) would typically be compensated by the association? -ANSWER-Public adjuster

A proxy for an annual owner's meeting expires: -ANSWER-90 days

after the scheduled date of the meeting for which it was issued

The Florida Fair Housing Act: -ANSWER-Is identical to the Federal

Fair Housing Act

The condominium is established when: -ANSWER-The developer

records the Declaration of Condominium with the county clerk in the county seat in which the condominium is to be built

Which Chapter of the Florida Statutes concerns fire safety or elevators? -ANSWER-509

Regardless of any provision to the contrary in the condominium documents, what percent of voting interests may call a meeting of the unit owners for the purpose recalling one or more members of the board of directors? -ANSWER-10%

In a condominium with fewer than 500 units, the developer is entitled to elect at least one member of the board of directors as long as he holds at least what percentage of the units? -ANSWER-5%

To be a valid Chapter 720, mandatory home owners association, the

association must: -ANSWER-Have the authority to levy assessments

and lien property for failure to pay