Florida CAM Exam Questions & Answers 2026 | Complete
100-Question Practice Exam | Verified Answers &
Detailed Rationales | Grade A+ Study Guide
Question 1
Which Florida statute primarily regulates Community Association Managers (CAMs)?
A. Chapter 607
B. Chapter 718
C. Chapter 468 Part VIII
D. Chapter 720
Answer: C
Explanation: Florida Statute Chapter 468 regulates the licensing and professional
responsibilities of Community Association Managers.
Question 2
The primary role of a CAM is to:
A. Create association policies
B. Enforce criminal laws
C. Implement board decisions and manage daily operations
,D. Replace board members when necessary
Answer: C
Explanation: CAMs carry out the policies established by the board and oversee day-to-day
association management.
Question 3
Which governing document generally outlines meeting procedures and voting
requirements?
A. Articles of Incorporation
B. Bylaws
C. Budget Report
D. Reserve Study
Answer: B
Explanation: Bylaws establish governance procedures, including meetings, elections, and
voting requirements.
Question 4
A quorum for a board meeting is typically:
,A. One board member
B. Any attending homeowner
C. A majority of directors
D. All association members
Answer: C
Explanation: Most associations require a majority of directors to conduct official business.
Question 5
Reserve funds are established primarily to:
A. Pay utility bills
B. Cover future major repairs and replacements
C. Increase profits
D. Fund social events
Answer: B
Explanation: Reserve funds help finance long-term capital expenditures such as roofs,
paving, and structural repairs.
, Question 6
What financial statement shows revenues and expenses for a specific period?
A. Balance Sheet
B. Cash Ledger
C. Income Statement
D. Reserve Schedule
Answer: C
Explanation: The Income Statement reports financial performance over a defined period.
Question 7
The Fair Housing Act prohibits discrimination based on:
A. Educational level
B. Political preference
C. Disability
D. Employment history
Answer: C
Explanation: Disability is one of several federally protected classes.
100-Question Practice Exam | Verified Answers &
Detailed Rationales | Grade A+ Study Guide
Question 1
Which Florida statute primarily regulates Community Association Managers (CAMs)?
A. Chapter 607
B. Chapter 718
C. Chapter 468 Part VIII
D. Chapter 720
Answer: C
Explanation: Florida Statute Chapter 468 regulates the licensing and professional
responsibilities of Community Association Managers.
Question 2
The primary role of a CAM is to:
A. Create association policies
B. Enforce criminal laws
C. Implement board decisions and manage daily operations
,D. Replace board members when necessary
Answer: C
Explanation: CAMs carry out the policies established by the board and oversee day-to-day
association management.
Question 3
Which governing document generally outlines meeting procedures and voting
requirements?
A. Articles of Incorporation
B. Bylaws
C. Budget Report
D. Reserve Study
Answer: B
Explanation: Bylaws establish governance procedures, including meetings, elections, and
voting requirements.
Question 4
A quorum for a board meeting is typically:
,A. One board member
B. Any attending homeowner
C. A majority of directors
D. All association members
Answer: C
Explanation: Most associations require a majority of directors to conduct official business.
Question 5
Reserve funds are established primarily to:
A. Pay utility bills
B. Cover future major repairs and replacements
C. Increase profits
D. Fund social events
Answer: B
Explanation: Reserve funds help finance long-term capital expenditures such as roofs,
paving, and structural repairs.
, Question 6
What financial statement shows revenues and expenses for a specific period?
A. Balance Sheet
B. Cash Ledger
C. Income Statement
D. Reserve Schedule
Answer: C
Explanation: The Income Statement reports financial performance over a defined period.
Question 7
The Fair Housing Act prohibits discrimination based on:
A. Educational level
B. Political preference
C. Disability
D. Employment history
Answer: C
Explanation: Disability is one of several federally protected classes.
