CAM EXAM / CERTIFIED APARTMENT MANAGER (CAM) ACTUAL
EXAM 2026/2026 COMPLETE ACCURATE EXAM REAL QUESTIONS
AND CORRECT DETAILED ANSWERS (EXPERT VERIFIED ANSWERS)
LATEST UPDATED VERSION 2026 |GUARANTEED PASS A+ (BRAND
NEW!) CAM EXAM
A non-compensated board member may accept kickback from:
A. a landscaping contractor
B. the community association manager
C. another board member
D. a fair trade or educational event
Answer- D. a fair trade or educational event
A non-compensated board member who receives a kickback from
someone providing services to the association may be penalized by:
A. being 'locked out' of the board member's unit
B. a civil penalty
C. automatic removal from the board
D. removal of common element privileges
Answer- B. a civil penalty
,Which of the following is NOT TRUE of each director's and officer'
fiduciary relationship to the members of the association?
A. A director has statutory but NO fiduciary obligations to the
association
B. A director may be removed for failure to perform fiduciary
obligations
C. A director may be fined under Chapter 468 F.S.
D. A director's fiduciary responsibilities cannot be terminated under any
circumstances
Answer- A. A director has statutory but NO fiduciary obligations to the
association
The sale and management of timeshares is regulated under Florida
Statutes:
A. 718
B. 719
C. 820
D. 721
Answer- D. 721
,The ONLY condition under which timeshare could be allowed in a
condominium is if:
A. approved by a majority of unit owners
B. timeshares are authorized in the declaration
C. a majority of directors vote in favor
D. petitioned by at least 10% of unit owners
Answer- B. timeshares are authorized in the declaration
A timeshare owner is late in paying assessments. As punishment, the
directors MAY:
A. sell the timeshare interest and apply the proceeds to the owner's
assessments
B. foreclose within 30 days
C. refuse occupancy or transfer of the timeshare interest
D. fine the owner up to $5,000
Answer- C. refuse occupancy or transfer of the timeshare interest
The developer of a cooperative must turn over control of the
association no later than:
, A. the date on which the majority of owners vote in favor of turnover
B. three months after 90 percent of the units have been conveyed to
purchasers
C. three years after 10 percent of the units have been conveyed to
purchasers
D. ten years after creation of the cooperative association
Answer- B. three months after 90 percent of the units have been
conveyed to purchasers
At a duly noticed and conducted meeting, members voted for the
removal of a director. The removal takes effect:
A. immediately
B. in 2 days
C. in 3 days
D. in 7 days
Answer- A. immediately
Which of the following is TRUE of a timeshare?
EXAM 2026/2026 COMPLETE ACCURATE EXAM REAL QUESTIONS
AND CORRECT DETAILED ANSWERS (EXPERT VERIFIED ANSWERS)
LATEST UPDATED VERSION 2026 |GUARANTEED PASS A+ (BRAND
NEW!) CAM EXAM
A non-compensated board member may accept kickback from:
A. a landscaping contractor
B. the community association manager
C. another board member
D. a fair trade or educational event
Answer- D. a fair trade or educational event
A non-compensated board member who receives a kickback from
someone providing services to the association may be penalized by:
A. being 'locked out' of the board member's unit
B. a civil penalty
C. automatic removal from the board
D. removal of common element privileges
Answer- B. a civil penalty
,Which of the following is NOT TRUE of each director's and officer'
fiduciary relationship to the members of the association?
A. A director has statutory but NO fiduciary obligations to the
association
B. A director may be removed for failure to perform fiduciary
obligations
C. A director may be fined under Chapter 468 F.S.
D. A director's fiduciary responsibilities cannot be terminated under any
circumstances
Answer- A. A director has statutory but NO fiduciary obligations to the
association
The sale and management of timeshares is regulated under Florida
Statutes:
A. 718
B. 719
C. 820
D. 721
Answer- D. 721
,The ONLY condition under which timeshare could be allowed in a
condominium is if:
A. approved by a majority of unit owners
B. timeshares are authorized in the declaration
C. a majority of directors vote in favor
D. petitioned by at least 10% of unit owners
Answer- B. timeshares are authorized in the declaration
A timeshare owner is late in paying assessments. As punishment, the
directors MAY:
A. sell the timeshare interest and apply the proceeds to the owner's
assessments
B. foreclose within 30 days
C. refuse occupancy or transfer of the timeshare interest
D. fine the owner up to $5,000
Answer- C. refuse occupancy or transfer of the timeshare interest
The developer of a cooperative must turn over control of the
association no later than:
, A. the date on which the majority of owners vote in favor of turnover
B. three months after 90 percent of the units have been conveyed to
purchasers
C. three years after 10 percent of the units have been conveyed to
purchasers
D. ten years after creation of the cooperative association
Answer- B. three months after 90 percent of the units have been
conveyed to purchasers
At a duly noticed and conducted meeting, members voted for the
removal of a director. The removal takes effect:
A. immediately
B. in 2 days
C. in 3 days
D. in 7 days
Answer- A. immediately
Which of the following is TRUE of a timeshare?
