FL CAM License Exam Questions With
Correct Answers
1. Condominium form of ownership is comprised of units owned by one
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or more persons and joint ownership of ________ share in the common
| | | | | | | | | | | |
elements.
A. a percentage
| |
B. an undivided
| |
C. a proportional
| |
D. a complete - CORRECT ANSWER✔✔-B. an undivided
| | | | | | |
Condominium means individual ownership of a unit coupled with joint
| | | | | | | | | |
ownership of an undivided share of the common elements as well as
| | | | | | | | | | | |
mandatory membership in the association.
| | | |
2. Under the General Corporate Law _______, community associations
| | | | | | | | |
have the right to buy, sell or lease real property. Under the condo and
| | | | | | | | | | | | | |
co-op laws _____, condos and coops have the specific authority to
| | | | | | | | | | |
acquire title. |
A. & 719
| | | | |
B. & 708
| | | | |
C. & 719
| | | | |
,D. & 719 - CORRECT ANSWER✔✔-D. & 719
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FS 607 is General Corporate Law, FS 718 is condominiums, and FS 719 is
| | | | | | | | | | | | | |
cooperatives.
3. A person doing the following for remuneration must have a license.
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A. Posts notices for meetings and chairs committee meetings
| | | | | | | |
B. Prepares budgets and financial statements.
| | | | |
C. Supervises maintenance.
| |
D. All of the above. - CORRECT ANSWER✔✔-D. All of the above.
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A person who provides the following services for compensation must be
| | | | | | | | | |
licensed by DBPR
| | |
Disburse funds |
Prepare budgets and/or financial reports
| | | |
Notice or conduct meetings
| | |
Coordinate maintenance or other day-to-day services involving the
| | | | | | | |
operation of the association | | |
4. Application for renewal of a CAM license shall be postmarked by
| | | | | | | | | | | |
___________ . If renewal application is postmarked after ____________
| | | | | | | |
of the renewal year, the license shall be deemed expired.
| | | | | | | | | |
,A. September 30, September 30
| | | |
B. October 31, October 31
| | | |
C. September 30, October 31
| | | |
D. December 31, January 1 - CORRECT ANSWER✔✔-C. September 30,
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October 31 |
Renewal applications shall be postmarked on or before September 30
| | | | | | | | | |
each even year. If the renewal application is postmarked after October
| | | | | | | | | | |
31, that license is deemed expired.
| | | | |
5. Restrictive covenants that run with the land as permanent restrictions
| | | | | | | | | |
remain in effect until ________.
| | | | |
A. The majority of the owners vote otherwise
| | | | | | |
B. All of the owners agree
| | | | |
C. The developer cancels them
| | | |
D. The community is terminated - CORRECT ANSWER✔✔-D. The
| | | | | | | | |
community is terminated | |
When you purchase, you know that these covenants exist and will
| | | | | | | | | | |
continue to exist for the life of the condominium or parcel and upon
| | | | | | | | | | | | |
resale, the next owner inherits the same covenants. This is called
| | | | | | | | | | |
running with the land. | | |
, 6. The Cooperative documents must contain all of following except
| | | | | | | | | |
________.
A. Documentation of each owner
| | | |
B. Identification by unit number/letter
| | | |
C. Recognition of owner
| | |
D. Definition of the grounds lease - CORRECT ANSWER✔✔-B.
| | | | | | | | |
Identification by unit number/letter | | |
Under Cooperative law, the co-op documents include the Articles of
| | | | | | | | | |
Incorporation and By-Laws, a definition of the grounds lease, the
| | | | | | | | | |
owner's share and membership in the co-op and title or right to use of a
| | | | | | | | | | | | | |
|unit.
7. The ______ creates the association and the ______ creates the
| | | | | | | | | | |
condominium.
A. Declaration of Condominium / Articles of Incorporation
| | | | | | |
B. By-Laws / Declaration
| | |
C. Articles of Incorporation / Declaration
| | | | |
D. Articles of Incorporation / Bylaws - CORRECT ANSWER✔✔-C. Articles
| | | | | | | | | |
of Incorporation / Declaration
| | |
The Articles of Incorporation, also known as the Corporate Charter, are
| | | | | | | | | | |
the documents that create the association. The Condominium is
| | | | | | | | |
established when the developer records the Declaration of
| | | | | | | |
Correct Answers
1. Condominium form of ownership is comprised of units owned by one
| | | | | | | | | | | |
or more persons and joint ownership of ________ share in the common
| | | | | | | | | | | |
elements.
A. a percentage
| |
B. an undivided
| |
C. a proportional
| |
D. a complete - CORRECT ANSWER✔✔-B. an undivided
| | | | | | |
Condominium means individual ownership of a unit coupled with joint
| | | | | | | | | |
ownership of an undivided share of the common elements as well as
| | | | | | | | | | | |
mandatory membership in the association.
| | | |
2. Under the General Corporate Law _______, community associations
| | | | | | | | |
have the right to buy, sell or lease real property. Under the condo and
| | | | | | | | | | | | | |
co-op laws _____, condos and coops have the specific authority to
| | | | | | | | | | |
acquire title. |
A. & 719
| | | | |
B. & 708
| | | | |
C. & 719
| | | | |
,D. & 719 - CORRECT ANSWER✔✔-D. & 719
| | | | | | | | | | | | |
FS 607 is General Corporate Law, FS 718 is condominiums, and FS 719 is
| | | | | | | | | | | | | |
cooperatives.
3. A person doing the following for remuneration must have a license.
| | | | | | | | | | |
A. Posts notices for meetings and chairs committee meetings
| | | | | | | |
B. Prepares budgets and financial statements.
| | | | |
C. Supervises maintenance.
| |
D. All of the above. - CORRECT ANSWER✔✔-D. All of the above.
| | | | | | | | | | |
A person who provides the following services for compensation must be
| | | | | | | | | |
licensed by DBPR
| | |
Disburse funds |
Prepare budgets and/or financial reports
| | | |
Notice or conduct meetings
| | |
Coordinate maintenance or other day-to-day services involving the
| | | | | | | |
operation of the association | | |
4. Application for renewal of a CAM license shall be postmarked by
| | | | | | | | | | | |
___________ . If renewal application is postmarked after ____________
| | | | | | | |
of the renewal year, the license shall be deemed expired.
| | | | | | | | | |
,A. September 30, September 30
| | | |
B. October 31, October 31
| | | |
C. September 30, October 31
| | | |
D. December 31, January 1 - CORRECT ANSWER✔✔-C. September 30,
| | | | | | | | | |
October 31 |
Renewal applications shall be postmarked on or before September 30
| | | | | | | | | |
each even year. If the renewal application is postmarked after October
| | | | | | | | | | |
31, that license is deemed expired.
| | | | |
5. Restrictive covenants that run with the land as permanent restrictions
| | | | | | | | | |
remain in effect until ________.
| | | | |
A. The majority of the owners vote otherwise
| | | | | | |
B. All of the owners agree
| | | | |
C. The developer cancels them
| | | |
D. The community is terminated - CORRECT ANSWER✔✔-D. The
| | | | | | | | |
community is terminated | |
When you purchase, you know that these covenants exist and will
| | | | | | | | | | |
continue to exist for the life of the condominium or parcel and upon
| | | | | | | | | | | | |
resale, the next owner inherits the same covenants. This is called
| | | | | | | | | | |
running with the land. | | |
, 6. The Cooperative documents must contain all of following except
| | | | | | | | | |
________.
A. Documentation of each owner
| | | |
B. Identification by unit number/letter
| | | |
C. Recognition of owner
| | |
D. Definition of the grounds lease - CORRECT ANSWER✔✔-B.
| | | | | | | | |
Identification by unit number/letter | | |
Under Cooperative law, the co-op documents include the Articles of
| | | | | | | | | |
Incorporation and By-Laws, a definition of the grounds lease, the
| | | | | | | | | |
owner's share and membership in the co-op and title or right to use of a
| | | | | | | | | | | | | |
|unit.
7. The ______ creates the association and the ______ creates the
| | | | | | | | | | |
condominium.
A. Declaration of Condominium / Articles of Incorporation
| | | | | | |
B. By-Laws / Declaration
| | |
C. Articles of Incorporation / Declaration
| | | | |
D. Articles of Incorporation / Bylaws - CORRECT ANSWER✔✔-C. Articles
| | | | | | | | | |
of Incorporation / Declaration
| | |
The Articles of Incorporation, also known as the Corporate Charter, are
| | | | | | | | | | |
the documents that create the association. The Condominium is
| | | | | | | | |
established when the developer records the Declaration of
| | | | | | | |
