Chapter 3 – Community Association Management – Property Management Study Guide,
Governance and Operations Review
Community Association is both - ✔✔is both a a community and a business. Community
associations are established with principles similar to those of government and good business
practices.
Community Association function - ✔✔is to preserve, maintain, and enhance the property,
association, and assets.
A community association serves - ✔✔as the management entity. Members elect the board of
directors to operate and govern the community. Rights are responsibilities are govern by Florida
Status.
Florida Statues organize each community association as a corporation - ✔✔granting those
powers that are normally vested in corporations, such a;
-budgeting for the maintenance and operation of the property, association, and assets
-collecting the necessary funds to carry out its duties
-entering into contract, hiring employees, and taking other measures as needed to meet its
objectives
The board has management authority - ✔✔-It makes collective decisions at board meetings
-no one board member can act on behalf of the community association, unless that authority is
delegated by the board, or as defined by the community associations's documents
-the board elects officers, 65f66 who have certain authority under the documents
-Generally, officers are charged with carrying out the day to day operations of the community
association and implementing decisions of the board.
, Manager or Management Firm - ✔✔Under Florida law, the board may delegate certain
responsibilities to a manager or management firm. The board may never delegate its
responsibility for decision making.
Community Association Manager (CAM) - ✔✔In Florida, a person who is licensed to provide
management services to a community association.
Community Association Management Firm Or Business (CAB) - ✔✔A firm that provides
community association management services.
CAMs and CABs are govern by the following statute - ✔✔-F.S. 455
-F.S. 468
-Part VIII
-F.A.C 61-20
-F.A.C. 61E-14
CAM performs - ✔✔certain practices requiring substantial specialized knowledge, judgment,
and managerial skill for compensation or remuneration.
Association or Associations must have a LCAM if - ✔✔more than 10 residential units or have
an annual budget or budgets in excess of 100,000
CAM/CAB licensing requirements apply to a person who and entities that manage residential
community associations - ✔✔-Condominiums
-Homeowners associations
-Mobile Home Parks
-Cooperatives
-Timeshares
Governance and Operations Review
Community Association is both - ✔✔is both a a community and a business. Community
associations are established with principles similar to those of government and good business
practices.
Community Association function - ✔✔is to preserve, maintain, and enhance the property,
association, and assets.
A community association serves - ✔✔as the management entity. Members elect the board of
directors to operate and govern the community. Rights are responsibilities are govern by Florida
Status.
Florida Statues organize each community association as a corporation - ✔✔granting those
powers that are normally vested in corporations, such a;
-budgeting for the maintenance and operation of the property, association, and assets
-collecting the necessary funds to carry out its duties
-entering into contract, hiring employees, and taking other measures as needed to meet its
objectives
The board has management authority - ✔✔-It makes collective decisions at board meetings
-no one board member can act on behalf of the community association, unless that authority is
delegated by the board, or as defined by the community associations's documents
-the board elects officers, 65f66 who have certain authority under the documents
-Generally, officers are charged with carrying out the day to day operations of the community
association and implementing decisions of the board.
, Manager or Management Firm - ✔✔Under Florida law, the board may delegate certain
responsibilities to a manager or management firm. The board may never delegate its
responsibility for decision making.
Community Association Manager (CAM) - ✔✔In Florida, a person who is licensed to provide
management services to a community association.
Community Association Management Firm Or Business (CAB) - ✔✔A firm that provides
community association management services.
CAMs and CABs are govern by the following statute - ✔✔-F.S. 455
-F.S. 468
-Part VIII
-F.A.C 61-20
-F.A.C. 61E-14
CAM performs - ✔✔certain practices requiring substantial specialized knowledge, judgment,
and managerial skill for compensation or remuneration.
Association or Associations must have a LCAM if - ✔✔more than 10 residential units or have
an annual budget or budgets in excess of 100,000
CAM/CAB licensing requirements apply to a person who and entities that manage residential
community associations - ✔✔-Condominiums
-Homeowners associations
-Mobile Home Parks
-Cooperatives
-Timeshares
