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Florida CAM Exam Questions & Answers | Latest Already Graded A+ |Questions with Correct Answers 2026 latest update!!

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Florida CAM Exam Questions & Answers | Latest Already Graded A+ |Questions with Correct Answers 2026 latest update!!

Institution
Florida CAM
Course
Florida CAM

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Florida CAM Exam Questions & Answers
| Latest Already Graded A+ |Questions
with Correct Answers 2026 latest
update!!
A Community Association is generally defined as real or personal property, owned by

two or more entities, which share the responsibility for the costs of maintenance and

administration -CORRECTANSWER True



Purchasers of a timeshare plan have a ten day contract rescission period in which to

cancel the purchase -CORRECTANSWER True



The Florida Fair Housing Act prohibits discrimination on the basis of handicap -

CORRECTANSWER True



A valid Declaration of Condominium must contain easements for ingress and egress to

all units and the common elements -CORRECTANSWER 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 -CORRECTANSWER False. The board should consult an attorney.



Corporate Charter -CORRECTANSWER 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 -CORRECTANSWER Articles of Incorporation ( Corporate

Charter)



Florida Not for Profit Corporate Act -CORRECTANSWER FS 617



Florida Corporate Act -CORRECTANSWER 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 -CORRECTANSWER Powers that are

granted in FS 617

,Condominium Act -CORRECTANSWER 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 -CORRECTANSWER What is a

condominium?



Cooperative Act -CORRECTANSWER FS 719



Mandatory Homeowner's Association -CORRECTANSWER FS 720



Mandatory contents of a declaration ( condos) -CORRECTANSWER 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 -

CORRECTANSWER FS 718.111



FS 718.1124 -CORRECTANSWER 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 -CORRECTANSWER Maintenance requirements, display of flags and

religious decorations, hurricane shutters, and other types of code-complaint hurricane

protection



FS 718.114 -CORRECTANSWER Association powers, acquisition of leasehold

memberships and other possessory or use interests



FS 718.115 -CORRECTANSWER Common Expenses and common surplus, expense

and credits for hurricane protection, communication expenses



FS 718.116 -CORRECTANSWER 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 -CORRECTANSWER 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,

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