Community Association Management in Florida (CAM) 2026 | 180+ Exam Questions & Answers | FS 718, FS 720, FS 468, Condo Law, HOA Governance & CAM Licensing | Florida CAM Certification Exam Review

This comprehensive Community Association Management in Florida study guide contains more than 180 exam-style questions and answers covering Florida Community Association Management (CAM), condominium law, homeowners association governance, cooperative ownership, timeshare management, CAM licensing requirements, financial reporting, elections, board governance, risk management, insurance regulations, statutory compliance, and Florida Administrative Code requirements. The material is specifically designed to help candidates prepare for the Florida Community Association Manager (CAM) licensing examination and professional certification assessments. The document provides an extensive review of the major Florida Statutes governing community associations, including FS 718 (Condominium Act), FS 720 (Homeowners Associations), FS 719 (Cooperatives), FS 721 (Vacation and Timeshare Plans), FS 468 (Community Association Management), FS 617 (Not-for-Profit Corporations), FS 607 (Business Corporations), FS 760 (Florida Civil Rights Act), and related Florida Administrative Code provisions. Students gain a practical understanding of how these statutes interact in the governance, management, regulation, and operation of Florida community associations. Major topics covered include: • Florida Community Association Management (CAM) • Community Association Manager Licensing Requirements • Florida Statute 468 (CAM Licensing) • Florida Condominium Act (FS 718) • Florida Homeowners Association Act (FS 720) • Florida Cooperative Act (FS 719) • Florida Vacation and Timeshare Act (FS 721) • Florida Not-for-Profit Corporation Act (FS 617) • Florida Business Corporation Act (FS 607) • Florida Civil Rights Act (FS 760) • Community Association Governance • HOA and Condominium Governing Documents • Declarations, Covenants and Restrictions (CC&Rs) • Articles of Incorporation and Bylaws • Rules and Regulations Administration • Board of Directors Authority and Responsibilities • Officer Duties and Governance Structure • Community Association Elections • Election Notices and Candidate Procedures • Voting Certificates and Proxy Voting • Board Recalls and Membership Meetings • Official Records Access and Retention • Financial Reporting Requirements • Compiled, Reviewed and Audited Financial Statements • Community Association Budgeting • Reserve Funding Requirements • Risk Management and Insurance Planning • Fidelity and Liability Considerations • Community Association Contracts • Estoppel Certificates and Estoppel Letters • Property Maintenance and Vendor Oversight • Elevator Safety Regulations • Pest Control Regulations • Fair Housing and Accessibility Compliance • ADA Requirements in Community Associations • Florida DBPR Regulations • RCCAM Authority and Responsibilities • Condominium Operations and Administration • Timeshare Governance and Management • Parliamentary Procedure and Association Meetings • Community Association Examination Preparation The study material offers detailed coverage of Florida licensing laws governing Community Association Managers, including education requirements, examination standards, renewal obligations, disciplinary actions, professional responsibilities, and ethical conduct requirements. Students review the statutory requirements for obtaining and maintaining a CAM license, including examination standards established under Florida law and oversight by the Regulatory Council of Community Association Managers (RCCAM). Particular emphasis is placed on condominium and homeowners association governance, including the hierarchy of governing documents, election procedures, board authority, fiduciary duties, official records management, owner voting rights, budget adoption, reserve funding, meeting notices, quorum requirements, recalls, and statutory compliance. These subjects represent core testing areas on Florida CAM licensing examinations and are essential for effective community association administration. The guide also examines financial management principles, including annual financial reporting thresholds, reserve account requirements, budgeting procedures, assessment collection, estoppel certificates, transfer fees, contract administration, and risk management planning. Students gain a strong understanding of the financial and operational responsibilities associated with managing Florida community associations. Additionally, the material reviews important legal and regulatory topics such as Fair Housing compliance, disability accommodations, Florida Civil Rights protections, elevator safety regulations, pest control licensing requirements, insurance considerations, community association records access rights, and dispute prevention strategies. These areas help prepare future CAM professionals to operate within Florida’s evolving regulatory environment while maintaining compliance with applicable laws and professional standards. This resource is especially valuable for: • Florida Community Association Manager (CAM) license candidates • Florida CAM examination candidates • Community Association Managers • HOA Managers and Administrators • Condominium Association Managers • Property Management professionals • Community Association Board Members • Condominium Board Directors and Officers • HOA Board Members and Volunteers • Timeshare Management professionals • Florida Real Estate professionals • Regulatory Compliance Officers • Community Association Institute (CAI) students • Property Owners Association Administrators • Continuing Education students in Community Association Management The question-and-answer format promotes active recall, reinforces statutory knowledge, strengthens examination readiness, and improves understanding of the legal, financial, and operational principles governing Florida community associations. It serves as a valuable resource for licensing preparation, continuing education, professional development, and practical application in community association management. References: Florida Statutes Chapter 468 – Community Association Management. Florida Statutes Chapter 718 – Condominium Act. Florida Statutes Chapter 719 – Cooperative Associations. Florida Statutes Chapter 720 – Homeowners’ Associations. Florida Statutes Chapter 721 – Vacation and Timeshare Plans. Florida Statutes Chapter 617 – Florida Not For Profit Corporation Act. Florida Administrative Code 61B – Division of Florida Condominiums, Timeshares and Mobile Homes. Florida Department of Business and Professional Regulation (DBPR). Community Association Manager Licensing Program. Community Associations Institute (CAI). Best Practices in Community Association Governance. Keywords: Community Association Management, Florida CAM Exam, CAM License Florida, Community Association Manager, Florida Condominium Act, FS 718, FS 720, FS 719, FS 721, FS 468, FS 617, Florida HOA Law, Condominium Governance, HOA Governance, Community Association Law, Florida Community Associations, CAM Certification, CAM Licensing Requirements, RCCAM, DBPR Regulations, Condominium Elections, HOA Elections, Board of Directors Duties, Fiduciary Duty, Community Association Budgeting, Reserve Funding, Financial Reporting, Audited Financial Statements, Reviewed Financial Statements, Compiled Financial Statements, Official Records, Estoppel Certificate, Estoppel Letter, Proxy Voting, Voting Certificates, Board Recall Procedures, Fair Housing Compliance, ADA Accessibility, Elevator Safety Act, Pest Control Regulations, Community Governance, HOA Administration, Condominium Administration, Timeshare Management, Florida Real Estate Law, Community Association Operations, Licensing Exam Preparation, Property Management Florida