age 1 of 98
FLORIDA CAM Community Association Manager Exam
Florida Corporate Act .......Answer.........FS 607
Conducting business and Community Association affairs
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
,age 2 of 98
Three years after 50% of the units that will be operated
ultimately by the association have been conveyed to buyers, the
non-developer members .......Answer.........become eligible to
elect a majority of the directors
If the developer has completed all units, and no more are being
offered for sale, the developer must .......Answer.........turn over
the property to the members
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
.......Answer.........True
Purchasers of a timeshare plan have a ten day contract
rescission period in which to cancel the purchase
.......Answer.........True
,age 3 of 98
The Florida Fair Housing Act prohibits discrimination on the basis
of handicap .......Answer.........True
A valid Declaration of Condominium must contain easements for
ingress and egress to all units and the common elements
.......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
.......Answer.........False. The board should consult an attorney.
Corporate Charter .......Answer.........Articles of Incorporation are
also known as the
Establishes the power and authority of the community Association
, age 4 of 98
Establishes the corporate entity that is responsible for
management, maintenance and operation of the community
association
Is based in corporate law .......Answer.........Articles of
Incorporation ( Corporate Charter)
Florida Not for Profit Corporate Act .......Answer.........FS 617
Mortgaging community association properties
.......Answer.........Powers that are granted in FS 617
Condominium Act .......Answer.........FS 718
Form of joint ownership of real property that comprises:
Exclusive ownership of each unit
Joint undivided share of common elements
FLORIDA CAM Community Association Manager Exam
Florida Corporate Act .......Answer.........FS 607
Conducting business and Community Association affairs
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
,age 2 of 98
Three years after 50% of the units that will be operated
ultimately by the association have been conveyed to buyers, the
non-developer members .......Answer.........become eligible to
elect a majority of the directors
If the developer has completed all units, and no more are being
offered for sale, the developer must .......Answer.........turn over
the property to the members
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
.......Answer.........True
Purchasers of a timeshare plan have a ten day contract
rescission period in which to cancel the purchase
.......Answer.........True
,age 3 of 98
The Florida Fair Housing Act prohibits discrimination on the basis
of handicap .......Answer.........True
A valid Declaration of Condominium must contain easements for
ingress and egress to all units and the common elements
.......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
.......Answer.........False. The board should consult an attorney.
Corporate Charter .......Answer.........Articles of Incorporation are
also known as the
Establishes the power and authority of the community Association
, age 4 of 98
Establishes the corporate entity that is responsible for
management, maintenance and operation of the community
association
Is based in corporate law .......Answer.........Articles of
Incorporation ( Corporate Charter)
Florida Not for Profit Corporate Act .......Answer.........FS 617
Mortgaging community association properties
.......Answer.........Powers that are granted in FS 617
Condominium Act .......Answer.........FS 718
Form of joint ownership of real property that comprises:
Exclusive ownership of each unit
Joint undivided share of common elements
