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Florida Community Association Management 2nd Edition 2026 | 500+ CAM Exam Questions & Answers | Chapter 468, 718, 719 & 720 | Condominiums, Cooperatives, HOA Governance, Budgets, Insurance & Florida CAM License

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This comprehensive Florida Community Association Management 2nd Edition 2026 study guide contains more than 500 exam-focused questions, answers, statutory definitions, governance principles, and regulatory concepts designed for candidates preparing for the Florida Community Association Manager (CAM) Licensing Examination. The material provides extensive coverage of Florida community association law, association governance, financial administration, board responsibilities, operational management, licensing requirements, budgeting procedures, insurance requirements, meetings, elections, and statutory compliance under Florida law. The resource thoroughly examines the four primary forms of Florida community associations: condominiums, cooperatives, homeowners’ associations (HOAs), and timeshare communities. Major subject areas include Florida Statute Chapter 468 (Community Association Management), Chapter 718 (Condominium Act), Chapter 719 (Cooperative Act), Chapter 720 (Homeowners’ Association Act), DBPR regulatory oversight, CAM licensing qualifications, continuing education requirements, association governing documents, declarations, bylaws, articles of incorporation, voting rights, elections, proxies, board certifications, fiduciary responsibilities, meeting procedures, quorum requirements, official records maintenance, reserve studies, financial reporting, assessments, special assessments, liens, collections, contract administration, maintenance obligations, competitive bidding requirements, insurance coverage, risk management, and dispute resolution procedures. Special emphasis is placed on practical CAM examination topics frequently tested by the Florida Department of Business and Professional Regulation (DBPR), including community association operations, board governance, developer turnover, condominium administration, HOA management practices, cooperative ownership structures, budget preparation, reserve funding requirements, election procedures, official records access, statutory notices, owner rights, fair housing compliance, and professional standards of conduct. The document also includes an extensive glossary of legal and statutory definitions covering condominium law, cooperative law, homeowners’ association law, voting interests, common elements, common expenses, limited common elements, governing documents, assessments, reserve studies, and association administration. The content aligns with educational objectives established by the Florida Department of Business and Professional Regulation (DBPR), Division of Florida Condominiums, Timeshares and Mobile Homes, Florida Administrative Code provisions governing Community Association Managers, and the statutory framework contained within Florida Statutes Chapters 468, 718, 719, 720, and 721. Additional reference sources commonly used in CAM education include Community Associations Institute (CAI) professional resources, Florida CAM pre-licensure curricula, association governance manuals, condominium law reference materials, and continuing education programs utilized throughout Florida's community association industry. Relevant Students: Florida CAM License Candidates Community Association Manager Students Florida CAM Pre-Licensure Students Property Management Students Community Association Management Professionals Condominium Association Managers Homeowners Association (HOA) Managers Cooperative Association Managers Property Managers Association Board Members Real Estate Management Students Community Associations Institute (CAI) Members Florida Real Estate Professionals CAM Continuing Education Students Condominium Administrators HOA Administrators Association Governance Professionals Facility Management Students Keywords: Florida Community Association Management, Florida CAM Exam, CAM License Exam, Community Association Manager, Florida CAM Questions and Answers, Chapter 468, Chapter 718, Chapter 719, Chapter 720, Florida Condominium Act, Cooperative Act, Homeowners Association Act, HOA Management, Condominium Management, Cooperative Associations, Florida Property Management, Community Association Governance, DBPR, Florida Administrative Code, Association Budgets, Reserve Studies, Special Assessments, Association Elections, Board of Directors, Fiduciary Duty, Official Records, CAM Licensing, Condominium Law, HOA Governance, Community Association Operations, Florida Real Estate Management, Property Administration, Association Insurance, Contract Management, Community Association Institute, CAM Certification Preparation

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Institution
Community Association Management
Course
Community association management

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Florida Community Association
Management 2nd Edition 2026
Exam Questions and Answers |
Already Graded A+



Which statement is TRUE about community associations?




A. Membership is a condition of ownership?

B. It includes units in a planned unit development.

,C. Community associations are allowed to impose a fee.


D. All of these. - ANSWER ✔✔D. All of the above - According to

Florida Statute 468.431(1), all of these are true about community

associations.

How many primary types of community associations are there in Florida?




A. 2

B. 3

C. 4


D. 5 - ANSWER ✔✔C. 4 - There are four main types of community

associations of Florida: condominiums, cooperatives, vacations and

time-shares, and mandatory homeowner associations (HOA).

What defines the responsibilities of the community association and

owners?




A. The governing documents of the community association.

B. Federal and state laws.

C. Municipal laws.

,D. Both governing documents and federal and state laws. - ANSWER

✔✔D. Both governing documents and federal and state laws. - The

governing documents of the community association and federal and

state laws define the responsibilities of the owners and community

associations.

What is the term for the covenant that runs with the property being

purchased?




A. Governing documents.

B. Federal laws.

C. State laws.


D. Municipal laws. - ANSWER ✔✔A. Governing documents -

Governing documents are a covenant that runs with the property being

purchased. An owner of a property is legally required to be a member of

the community association and must comply with the requirements

outlined in the governing documents.

When did Florida enact laws governing homeowners associations?




A. 1985


COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3

, B. 1990

C. 1992


D. 1995 - ANSWER ✔✔C. 1992 - Florida enacted special laws

governing homeowner associations in 1992.

Which is a benefit of community living?




A. Swimming pool.

B. Clubhouse.

C. Fewer maintenance responsibilities.


D. All of these. - ANSWER ✔✔D. All of these. - These are all benefits

of community living.

Which is a community asset that the community association manager

must manage?




A. Property assets.

B. People assets.

C. Financial assets.

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Course
Community association management

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