Florida Cam Exam With Correct Answers
A Community Association is generally defined as real or personal
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property, owned by two or more entities, which share the responsibility
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for the costs of maintenance and administration - CORRECT
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ANSWER✔✔-True
Purchasers of a timeshare plan have a ten day contract rescission period
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in which to cancel the purchase - CORRECT ANSWER✔✔-True
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The Florida Fair Housing Act prohibits discrimination on the basis of
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handicap - CORRECT ANSWER✔✔-True | | |
A valid Declaration of Condominium must contain easements for ingress
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and egress to all units and the common elements - CORRECT
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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
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consult with the manager regarding lien issues - CORRECT ANSWER✔✔-
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False. The board should consult an attorney.
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,Corporate Charter - CORRECT 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 - CORRECT ANSWER✔✔-Articles of
| | | | | | | | |
Incorporation ( Corporate Charter) | | |
Florida Not for Profit Corporate Act - CORRECT ANSWER✔✔-FS 617
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Florida Corporate Act - CORRECT ANSWER✔✔-FS 607
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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 - CORRECT ANSWER✔✔-
| | | | | |
Powers that are granted in FS 617
| | | | | |
Condominium Act - CORRECT ANSWER✔✔-FS 718 | | | | |
Form of joint ownership of real property that comprises:
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Exclusive ownership of each unit
| | | |
Joint undivided share of common elements
| | | | |
Required membership in the community association - CORRECT
| | | | | | | |
ANSWER✔✔-What is a condominium? | | |
Cooperative Act - CORRECT ANSWER✔✔-FS 719 | | | | |
Mandatory Homeowner's Association - CORRECT ANSWER✔✔-FS 720
| | | | | |
Mandatory contents of a declaration ( condos) - CORRECT 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 -
| | | | | | | | |
CORRECT ANSWER✔✔-FS 718.111
| |
FS 718.1124 - CORRECT 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 - CORRECT ANSWER✔✔-Maintenance requirements, display
| | | | | |
of flags and religious decorations, hurricane shutters, and other types of
| | | | | | | | | | |
code-complaint hurricane protection
| | |
FS 718.114 - CORRECT ANSWER✔✔-Association powers, acquisition of
| | | | | | | |
leasehold memberships and other possessory or use interests
| | | | | | |
FS 718.115 - CORRECT ANSWER✔✔-Common Expenses and common
| | | | | | | |
surplus, expense and credits for hurricane protection, communication
| | | | | | | |
expenses
FS 718.116 - CORRECT ANSWER✔✔-Liability for not paying common
| | | | | | | | |
expenses, including the right to assess interest, lien, foreclose, and
| | | | | | | | | |
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 - CORRECT
| | | | | | | | |
ANSWER✔✔-True
Purchasers of a timeshare plan have a ten day contract rescission period
| | | | | | | | | | |
in which to cancel the purchase - CORRECT ANSWER✔✔-True
| | | | | | | | |
The Florida Fair Housing Act prohibits discrimination on the basis of
| | | | | | | | | | |
handicap - CORRECT ANSWER✔✔-True | | |
A valid Declaration of Condominium must contain easements for ingress
| | | | | | | | |
and egress to all units and the common elements - CORRECT
| | | | | | | | | | | |
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 - CORRECT ANSWER✔✔-
| | | | | | | | |
False. The board should consult an attorney.
| | | | | |
,Corporate Charter - CORRECT 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 - CORRECT ANSWER✔✔-Articles of
| | | | | | | | |
Incorporation ( Corporate Charter) | | |
Florida Not for Profit Corporate Act - CORRECT ANSWER✔✔-FS 617
| | | | | | | | |
Florida Corporate Act - CORRECT 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 - CORRECT ANSWER✔✔-
| | | | | |
Powers that are granted in FS 617
| | | | | |
Condominium Act - CORRECT 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 - CORRECT
| | | | | | | |
ANSWER✔✔-What is a condominium? | | |
Cooperative Act - CORRECT ANSWER✔✔-FS 719 | | | | |
Mandatory Homeowner's Association - CORRECT ANSWER✔✔-FS 720
| | | | | |
Mandatory contents of a declaration ( condos) - CORRECT 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 -
| | | | | | | | |
CORRECT ANSWER✔✔-FS 718.111
| |
FS 718.1124 - CORRECT 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 - CORRECT ANSWER✔✔-Maintenance requirements, display
| | | | | |
of flags and religious decorations, hurricane shutters, and other types of
| | | | | | | | | | |
code-complaint hurricane protection
| | |
FS 718.114 - CORRECT ANSWER✔✔-Association powers, acquisition of
| | | | | | | |
leasehold memberships and other possessory or use interests
| | | | | | |
FS 718.115 - CORRECT ANSWER✔✔-Common Expenses and common
| | | | | | | |
surplus, expense and credits for hurricane protection, communication
| | | | | | | |
expenses
FS 718.116 - CORRECT ANSWER✔✔-Liability for not paying common
| | | | | | | | |
expenses, including the right to assess interest, lien, foreclose, and
| | | | | | | | | |
