Manager License – Florida
2026 Exam Questions and
Answers | Already Graded A+
A condominium's accounting records created in 2021 must be
maintained until at least... - ANSWER ✔✔2028
The budget of the Division of Condominiums, Timeshares and Mobile
homes is partly funded by - ANSWER ✔✔Fees, fines, penalties and
court costs.
,A community association formed as a not-for-prot corporation is -
ANSWER ✔✔required to file an annual income tax return.
Joint ownership of common elements, exclusive ownership of a single
unit and ________________, are parts of the condominium concept. -
ANSWER ✔✔mandatory membership in the condominium
association
The scope of authority of the board of directors is NOT specically
provided in the - ANSWER ✔✔annual meeting minutes
What is the possible action the Department of Business and
Professional Regulations could take if a board director knowingly
violated the Condominium or Cooperative Acts? The director -
ANSWER ✔✔may be ned and charged criminally.
So long as a manager keeps separate accounting records, they may
lawfully commingle the funds for - ANSWER ✔✔two different
condominiums operated by one association.
What is the correct terminology for the dollar amount an association or
unit owner must pay before the insurance policy will cover for damages?
- ANSWER ✔✔deductible
, A restaurant located in a condominium building is part of the common
elements, and is leased to a restaurateur. To comply with the Americans
with Disabilities Act (ADA), the association must - ANSWER
✔✔ensure that the restaurant space complies with all requirements of
the Act.
The formal components of cooperative documents do NOT include -
ANSWER ✔✔the Florida Statutes.
Transfer of the control of the association of a cooperative apartment
building from the developer to the owners takes place - ANSWER
✔✔when no units are being offered for sale in the ordinary course of
business
What is the maximum number of consecutive years a condominium
board member may serve on the board, unless approved the
membership? - ANSWER ✔✔8
A condominium unit owner received notice of the board's intent to levy a
ne for a violation. If the ne committee does - ANSWER ✔✔not agree
with the fine, the fine cannot be levied.
3
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED