Page 1 of 37
COMPREHENSIVE FLORIDA CAM 2026
PRACTICE EXAM COMPLETE (240) CURRENT
TESTING QUESTIONS AND DETAILED
CORRECT ANSWERS|GUARANTEED PASS.
CAM
Prepare for the Comprehensive Florida CAM Practice Exam with
this concise study resource covering community association
management principles, governance, financial management,
and operations. It reinforces key concepts aligned with
certification standards from the Community Associations
Institute. Suitable for individuals preparing for the Florida
Community Association Manager (CAM) licensing exam.
What is a reserve expense? ✓ ✓ ...... ANSWER ....... Roof
replacement.
What is needed for a reserve waiver? ✓ ✓ ...... ANSWER
....... Majority owner vote.
What defines a special assessment? ✓ ✓ ...... ANSWER
....... Unexpected costs.
, Page 2 of 37
Who adopts the budget? ✓ ✓ ...... ANSWER ....... Board.
What is the basis for budget accuracy? ✓ ✓ ...... ANSWER
....... Past financial data.
What is considered bad debt? ✓ ✓ ...... ANSWER .......
Uncollectible assessments.
What does a reserve study assess? ✓ ✓ ...... ANSWER .......
Useful life & replacement cost.
What can trigger assessment increases? ✓ ✓ ...... ANSWER
....... If documents require.
What is a variable expense? ✓ ✓ ...... ANSWER .......
Utilities.
What is the required timeline for budget notice? ✓ ✓ ......
ANSWER ....... 14 days.
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What is the CAM's budget role? ✓ ✓ ...... ANSWER .......
Approve.
What does theft coverage include? ✓ ✓ ...... ANSWER .......
Fidelity bonding.
Who is responsible for the deductible? ✓ ✓ ...... ANSWER
....... Association.
What does D&O cover? ✓ ✓ ...... ANSWER .......
Management decisions.
What triggers flood insurance requirements? ✓ ✓ ......
ANSWER ....... Flood zone + mortgage.
How often should policies be reviewed? ✓ ✓ ...... ANSWER
....... Annually.
What must be maintained in records? ✓ ✓ ...... ANSWER
....... Proof of insurance.
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What is preventive maintenance aimed at? ✓ ✓ ......
ANSWER ....... Reduce long-term costs.
Who has authority in CAM management? ✓ ✓ ......
ANSWER ....... Board of Directors.
What should be done for emergency repairs? ✓ ✓ ......
ANSWER ....... Address immediately.
What extends the useful life of property? ✓ ✓ ...... ANSWER
....... Capital improvements.
What is the scope of vendor contracts? ✓ ✓ ...... ANSWER
....... Scope of work.
What do maintenance logs support? ✓ ✓ ...... ANSWER
....... Insurance & budgeting.
What defines an emergency? ✓ ✓ ...... ANSWER .......
Elevator failure.
COMPREHENSIVE FLORIDA CAM 2026
PRACTICE EXAM COMPLETE (240) CURRENT
TESTING QUESTIONS AND DETAILED
CORRECT ANSWERS|GUARANTEED PASS.
CAM
Prepare for the Comprehensive Florida CAM Practice Exam with
this concise study resource covering community association
management principles, governance, financial management,
and operations. It reinforces key concepts aligned with
certification standards from the Community Associations
Institute. Suitable for individuals preparing for the Florida
Community Association Manager (CAM) licensing exam.
What is a reserve expense? ✓ ✓ ...... ANSWER ....... Roof
replacement.
What is needed for a reserve waiver? ✓ ✓ ...... ANSWER
....... Majority owner vote.
What defines a special assessment? ✓ ✓ ...... ANSWER
....... Unexpected costs.
, Page 2 of 37
Who adopts the budget? ✓ ✓ ...... ANSWER ....... Board.
What is the basis for budget accuracy? ✓ ✓ ...... ANSWER
....... Past financial data.
What is considered bad debt? ✓ ✓ ...... ANSWER .......
Uncollectible assessments.
What does a reserve study assess? ✓ ✓ ...... ANSWER .......
Useful life & replacement cost.
What can trigger assessment increases? ✓ ✓ ...... ANSWER
....... If documents require.
What is a variable expense? ✓ ✓ ...... ANSWER .......
Utilities.
What is the required timeline for budget notice? ✓ ✓ ......
ANSWER ....... 14 days.
, Page 3 of 37
What is the CAM's budget role? ✓ ✓ ...... ANSWER .......
Approve.
What does theft coverage include? ✓ ✓ ...... ANSWER .......
Fidelity bonding.
Who is responsible for the deductible? ✓ ✓ ...... ANSWER
....... Association.
What does D&O cover? ✓ ✓ ...... ANSWER .......
Management decisions.
What triggers flood insurance requirements? ✓ ✓ ......
ANSWER ....... Flood zone + mortgage.
How often should policies be reviewed? ✓ ✓ ...... ANSWER
....... Annually.
What must be maintained in records? ✓ ✓ ...... ANSWER
....... Proof of insurance.
, Page 4 of 37
What is preventive maintenance aimed at? ✓ ✓ ......
ANSWER ....... Reduce long-term costs.
Who has authority in CAM management? ✓ ✓ ......
ANSWER ....... Board of Directors.
What should be done for emergency repairs? ✓ ✓ ......
ANSWER ....... Address immediately.
What extends the useful life of property? ✓ ✓ ...... ANSWER
....... Capital improvements.
What is the scope of vendor contracts? ✓ ✓ ...... ANSWER
....... Scope of work.
What do maintenance logs support? ✓ ✓ ...... ANSWER
....... Insurance & budgeting.
What defines an emergency? ✓ ✓ ...... ANSWER .......
Elevator failure.
