FL CAM FINAL PAPER 2026 COMPLETE
ANSWERS VERIFIED
◉ General Corporate Law. Answer: Community associations have the
right to buy, sell or lease real property.
◉ Licensed Services. Answer: A person who provides services for
compensation must be licensed by DBPR.
◉ CAM License Renewal Deadline. Answer: Renewal applications
shall be postmarked on or before September 30 each even year.
◉ Restrictive Covenants. Answer: Permanent restrictions that
remain in effect until the community is terminated.
◉ Cooperative Documents. Answer: Must include the Articles of
Incorporation, By-Laws, a definition of the grounds lease, and the
owner's share and membership in the co-op.
◉ Articles of Incorporation. Answer: Documents that create the
association.
,◉ Corporate Charter. Answer: Defines the membership and the
voting rights of the Association.
◉ By-Laws. Answer: Establish the procedures for carrying out the
day-to-day responsibilities of the association.
◉ Order of Priority of Governing Documents. Answer: Declaration,
Articles of Incorporation, By-laws, Board Rules & regulations.
◉ Amending Documents. Answer: If no proviso for amendment, then
100%; if proviso made but percentage not stated, then 66 2/3%; if
proviso made and percentage stated, then that percent.
◉ Chapter 720 HOA Amendments. Answer: Amendments must be
approved by two-thirds of the voting interests in the association.
◉ Association Property. Answer: Property owned by the association
for the use and benefit of its owners.
◉ Common Elements. Answer: Property shared by all of the owners
and members of the community.
◉ Exclusive Use Property. Answer: The part of a condominium that
is subject to exclusive use.
, ◉ Common elements. Answer: The parts of a condominium that are
owned by all of the owners.
◉ A unit. Answer: That part of the property reserved for the
exclusive use of an owner. It may be land, improvements, or land and
improvements.
◉ Enlargement of common elements. Answer: Common elements
may be enlarged by an amendment to the Declaration of
Condominium.
◉ Allocation of shares of common elements. Answer: Condominiums
created after April 1, 1992 may allocate shares of common elements
by square footage or equal basis.
◉ Material alteration. Answer: A significant change to the common
elements that requires approval by 75% of the total voting interests
of the association.
◉ Developer's amendment rights. Answer: Prior to transition of
control of an HOA, the developer's right to amend the association's
documents is subject to a test of reasonableness.
ANSWERS VERIFIED
◉ General Corporate Law. Answer: Community associations have the
right to buy, sell or lease real property.
◉ Licensed Services. Answer: A person who provides services for
compensation must be licensed by DBPR.
◉ CAM License Renewal Deadline. Answer: Renewal applications
shall be postmarked on or before September 30 each even year.
◉ Restrictive Covenants. Answer: Permanent restrictions that
remain in effect until the community is terminated.
◉ Cooperative Documents. Answer: Must include the Articles of
Incorporation, By-Laws, a definition of the grounds lease, and the
owner's share and membership in the co-op.
◉ Articles of Incorporation. Answer: Documents that create the
association.
,◉ Corporate Charter. Answer: Defines the membership and the
voting rights of the Association.
◉ By-Laws. Answer: Establish the procedures for carrying out the
day-to-day responsibilities of the association.
◉ Order of Priority of Governing Documents. Answer: Declaration,
Articles of Incorporation, By-laws, Board Rules & regulations.
◉ Amending Documents. Answer: If no proviso for amendment, then
100%; if proviso made but percentage not stated, then 66 2/3%; if
proviso made and percentage stated, then that percent.
◉ Chapter 720 HOA Amendments. Answer: Amendments must be
approved by two-thirds of the voting interests in the association.
◉ Association Property. Answer: Property owned by the association
for the use and benefit of its owners.
◉ Common Elements. Answer: Property shared by all of the owners
and members of the community.
◉ Exclusive Use Property. Answer: The part of a condominium that
is subject to exclusive use.
, ◉ Common elements. Answer: The parts of a condominium that are
owned by all of the owners.
◉ A unit. Answer: That part of the property reserved for the
exclusive use of an owner. It may be land, improvements, or land and
improvements.
◉ Enlargement of common elements. Answer: Common elements
may be enlarged by an amendment to the Declaration of
Condominium.
◉ Allocation of shares of common elements. Answer: Condominiums
created after April 1, 1992 may allocate shares of common elements
by square footage or equal basis.
◉ Material alteration. Answer: A significant change to the common
elements that requires approval by 75% of the total voting interests
of the association.
◉ Developer's amendment rights. Answer: Prior to transition of
control of an HOA, the developer's right to amend the association's
documents is subject to a test of reasonableness.
