FL CAM Practice Exam #1
1. Licensing Requirements
Q: After purchasing a mobile home park, the residents form a community association and hire a paid
manager. The manager must be licensed under Part VIII of Chapter 468, Florida Statutes, if the
association budget exceeds:
A. $50,000
B. $75,000
C. $100,000
D. $125,000
✔ Answer: C. $100,000
Explanation: Florida law requires a CAM license for managers of associations whose budgets exceed
certain thresholds.
2. Type of Ownership
Q: A type of joint ownership of real estate where legal title is not vested in the individual owner, but
the individual has a right to occupy a unit, is a:
A. Mobile home
B. Cooperative
C. Mandatory homeowners’ association
D. Condominium
✔ Answer: B. Cooperative
Explanation: In a cooperative, the corporation owns the property and members have occupancy
rights.
3. Timeshare Use
,Q: The type of community association that permits individual units to be owned and occupied by
different people during the year is a:
A. Timeshare property
B. Cooperative
C. Phase condominium
D. Townhouse
✔ Answer: A. Timeshare property
Explanation: Timeshares allow multiple owners to use the same property at different times.
4. Appurtenances
Q: Appurtenances in a condominium or cooperative include rights of:
A. Use and access to all individual units
B. Liens
C. The association’s records
D. Use and access to common areas, easements, membership, and assigned ownership interest
✔ Answer: D
Explanation: Appurtenances include ownership interest in common elements and associated rights.
5. Association Membership & Voting Rights
Q: What defines the membership and voting rights of a community association?
A. Corporate Charter (Articles of Incorporation)
B. Declaration of Condominium
C. By-Laws
D. Rules and Regulations
✔ Answer: A. Corporate Charter
Explanation: The Articles of Incorporation establish membership and voting structure.
6. Licensed Services
Q: A person doing the following for remuneration must have a CAM license:
A. Posts notices for meetings and chairs committee meetings
B. Prepares budgets and financial statements
C. Supervises maintenance
, D. All of the above
✔ Answer: D. All of the above
Explanation: Compensation for management duties requires a valid CAM license.
7. Budget Proposal
Q: Which document typically must include the proposed annual budget to be presented to owners?
A. Articles of Incorporation
B. Declaration
C. Budget message
D. Financial statements
✔ Answer: C. Budget message
Explanation: The budget message accompanies the annual budget presented to owners. (Based on
common CAM exam content)
8. Restrictive Covenants
Q: Restrictive covenants that run with the land remain in effect until:
A. The majority of owners vote otherwise
B. All owners agree to cancel
C. The developer cancels them
D. The community is terminated
✔ Answer: D. The community is terminated
Explanation: Covenants run with the land until community termination.
9. Board Authority
Q: Under general corporate law, community associations have the right to:
A. Buy real property
B. Sell real property
C. Lease property
D. All of the above
✔ Answer: D. All of the above
Explanation: Associations have broad rights to manage assets under corporate law.
1. Licensing Requirements
Q: After purchasing a mobile home park, the residents form a community association and hire a paid
manager. The manager must be licensed under Part VIII of Chapter 468, Florida Statutes, if the
association budget exceeds:
A. $50,000
B. $75,000
C. $100,000
D. $125,000
✔ Answer: C. $100,000
Explanation: Florida law requires a CAM license for managers of associations whose budgets exceed
certain thresholds.
2. Type of Ownership
Q: A type of joint ownership of real estate where legal title is not vested in the individual owner, but
the individual has a right to occupy a unit, is a:
A. Mobile home
B. Cooperative
C. Mandatory homeowners’ association
D. Condominium
✔ Answer: B. Cooperative
Explanation: In a cooperative, the corporation owns the property and members have occupancy
rights.
3. Timeshare Use
,Q: The type of community association that permits individual units to be owned and occupied by
different people during the year is a:
A. Timeshare property
B. Cooperative
C. Phase condominium
D. Townhouse
✔ Answer: A. Timeshare property
Explanation: Timeshares allow multiple owners to use the same property at different times.
4. Appurtenances
Q: Appurtenances in a condominium or cooperative include rights of:
A. Use and access to all individual units
B. Liens
C. The association’s records
D. Use and access to common areas, easements, membership, and assigned ownership interest
✔ Answer: D
Explanation: Appurtenances include ownership interest in common elements and associated rights.
5. Association Membership & Voting Rights
Q: What defines the membership and voting rights of a community association?
A. Corporate Charter (Articles of Incorporation)
B. Declaration of Condominium
C. By-Laws
D. Rules and Regulations
✔ Answer: A. Corporate Charter
Explanation: The Articles of Incorporation establish membership and voting structure.
6. Licensed Services
Q: A person doing the following for remuneration must have a CAM license:
A. Posts notices for meetings and chairs committee meetings
B. Prepares budgets and financial statements
C. Supervises maintenance
, D. All of the above
✔ Answer: D. All of the above
Explanation: Compensation for management duties requires a valid CAM license.
7. Budget Proposal
Q: Which document typically must include the proposed annual budget to be presented to owners?
A. Articles of Incorporation
B. Declaration
C. Budget message
D. Financial statements
✔ Answer: C. Budget message
Explanation: The budget message accompanies the annual budget presented to owners. (Based on
common CAM exam content)
8. Restrictive Covenants
Q: Restrictive covenants that run with the land remain in effect until:
A. The majority of owners vote otherwise
B. All owners agree to cancel
C. The developer cancels them
D. The community is terminated
✔ Answer: D. The community is terminated
Explanation: Covenants run with the land until community termination.
9. Board Authority
Q: Under general corporate law, community associations have the right to:
A. Buy real property
B. Sell real property
C. Lease property
D. All of the above
✔ Answer: D. All of the above
Explanation: Associations have broad rights to manage assets under corporate law.
