FL CAM TEST PAPER 2026 STUDY GUIDE
REVIEW
◉ Purchasers of a timeshare plan have a ten day contract rescission
period in which to cancel the purchase. Answer: True
◉ 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
,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
◉ 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
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
Required membership in the community association. Answer: What
is a condominium?
◉ Cooperative Act. Answer: FS 719
◉ Mandatory Homeowner's Association. Answer: FS 720
◉ Mandatory contents of a declaration ( condos). Answer: FS
718.104
◉ Definitions of the corporate entity, powers of association,
easements, rights of access to unit, insurance, official records of the
association, community directory, financial reporting requirements,
purchase of units, purchase of land and recreation leases, operations
of condominiums created prior to January 1, 1977, commingling.
Answer: FS 718.111
◉ FS 718.1124. Answer: Definitions of required contents of bylaws,
including administration, notice requirements, quorum, proxies,
voting requirements, elections, electronic voting, candidate
eligibility, director certificate/education requirements, recalls,
arbitration, timeshare condominium exceptions, board and member
, meetings, Annual budget requirements, assessments, amendment of
bylaws, transfer fees, director and officer delinquencies and
offenses, common elements ( limited power to convey to a
condemning authority)
◉ FS 718.113. Answer: Maintenance requirements, display of flags
and religious decorations, hurricane shutters, and other types of
code-complaint hurricane protection
◉ FS 718.114. Answer: Association powers, acquisition of leasehold
memberships and other possessory or use interests
◉ FS 718.115. Answer: Common Expenses and common surplus,
expense and credits for hurricane protection, communication
expenses
◉ FS 718.116. Answer: Liability for not paying common expenses,
including the right to assess interest, lien, foreclose, and collect rents
from delinquent members etc., liability of first mortgage holder,
liability of previous owners
◉ FS 718.303. Answer: Provides that if a member is more than 90
days delinquent or has failed to comply with his or her monetary
obligation that is due to the community association, or has failed to
comply with the documents or reasonable rules, the right to use
REVIEW
◉ Purchasers of a timeshare plan have a ten day contract rescission
period in which to cancel the purchase. Answer: True
◉ 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
,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
◉ 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
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
Required membership in the community association. Answer: What
is a condominium?
◉ Cooperative Act. Answer: FS 719
◉ Mandatory Homeowner's Association. Answer: FS 720
◉ Mandatory contents of a declaration ( condos). Answer: FS
718.104
◉ Definitions of the corporate entity, powers of association,
easements, rights of access to unit, insurance, official records of the
association, community directory, financial reporting requirements,
purchase of units, purchase of land and recreation leases, operations
of condominiums created prior to January 1, 1977, commingling.
Answer: FS 718.111
◉ FS 718.1124. Answer: Definitions of required contents of bylaws,
including administration, notice requirements, quorum, proxies,
voting requirements, elections, electronic voting, candidate
eligibility, director certificate/education requirements, recalls,
arbitration, timeshare condominium exceptions, board and member
, meetings, Annual budget requirements, assessments, amendment of
bylaws, transfer fees, director and officer delinquencies and
offenses, common elements ( limited power to convey to a
condemning authority)
◉ FS 718.113. Answer: Maintenance requirements, display of flags
and religious decorations, hurricane shutters, and other types of
code-complaint hurricane protection
◉ FS 718.114. Answer: Association powers, acquisition of leasehold
memberships and other possessory or use interests
◉ FS 718.115. Answer: Common Expenses and common surplus,
expense and credits for hurricane protection, communication
expenses
◉ FS 718.116. Answer: Liability for not paying common expenses,
including the right to assess interest, lien, foreclose, and collect rents
from delinquent members etc., liability of first mortgage holder,
liability of previous owners
◉ FS 718.303. Answer: Provides that if a member is more than 90
days delinquent or has failed to comply with his or her monetary
obligation that is due to the community association, or has failed to
comply with the documents or reasonable rules, the right to use
