1|Page
GOLD COAST CAM LICENSE EXAM 2025| BRAND
NEW ACTUAL EXAM WITH 100% VERIFIED
QUESTIONS AND CORRECT SOLUTIONS|
GUARANTEED VALUE PACK| ACE YOUR GRADES.
What is a legally binding agreement? - (answers)It is structured by formal, legal
documents that define property rights, rules and restrictions
It grants rights and/or imposes liabilities and responsibilities on the community
association and members
It provides governance, business, and communal aspects of administering,
maintaining and enhancing the property
Could also be considered a "contract"
What is a legally binding agreement referred to in certain community
associations? - (answers)A covenant
What is a community association? - (answers)Real or personal property, owned by
two or more entities, with a legally binding agreement to share responsibility for
of maintenance and administering and maintaining the property and its assets
with specific rights granted to the members
What is F.S.? - (answers)Florida Statutes - provides a definition of and
requirements for each type of community association
,2|Page
What is F.A.C.? - (answers)Florida Administrative Code - provides additional
guidance based on the Florida Statutes
Also known as an official compilation of rules and regulations of Florida regulatory
agencies
What are members of a community association responsible for? -
(answers)Members in a community association have a responsibility to occupy,
use and maintain the property in accordance with the statutes and the legal
documents
What are the requirements for a community association? - (answers)-
membership is mandatory
- members have the right to vote (w/ exceptions)
- an unpaid assessment can become a lien on a member's property
What are the 5 community associations governed by the Florida Statutes? -
(answers)F.S. 718 - condominums (also known as the condominium act) (F.A.C. -
61B-14 through 24, 45 & 50)
F.S. 719 - cooperative (cooperative act) (F.A.C. 61B-75 through 79, 45, & 50)
F.S. 720 - HOA (homeowners' association act) (F.A.C. 61B-80, 81, & 85)
F.S. 721 - timeshare (florida vacation plan & timesharing act) (F.A.C. 61B-37
through 41)
F.S. 723 - mobile homes (Mobile Home Act)
,3|Page
What terms can be used interchangeably with "owner"? - (answers)- unit owner
- parcel owner
- shareholder
What is a condominium? - (answers)A form of ownership of real property created
pursuant to statutes, which is comprised entirely of units, each of which may be
owned by one or more persons, and in which there is, appurtenant to each unit,
an undivided share in common elements
What does an undivided share in the common elements mean? - (answers)That
each owner owns a proportionate share of the common property that cannot be
transferred or sold separately from the owner's unit. It therefore cannot be
divided from the owners shares in the common property
What is a condominium unit? - (answers)A unit is air space including wall, ceilings,
and floor coverings or finishes, cabinets and appliances.
The members received a deed to the unit.
What is a common property/area? - (answers)Common property/area is often
referred to as "common elements"; all members own the common property in
undivided interest, which must be defined in the association documents.
, 4|Page
What is a cooperative? - (answers)In a cooperative, a corporation owns all the
property, and each member receives shares and has a proprietary right to occupy
a specific unit under a lease
Members are referred to in statute as shareholders or owners
A unit in a cooperative association can be referred to as what? - (answers)A
cooperative parcel
What is cooperative common property? - (answers)Includes the lands, leaseholds
and personal property owned by a cooperative association
What is a HOA? - (answers)Homeowners Association - each member owns their
unit, house or lot (referred to in statutes as a parcel), may use the common
elements, and shares in the cost of maintaining the common elements. Statutes
often refer to the members property as a "parcel", which is capable of separate
conveyance, and by which the member is obliged to belong to the association and
to pay assessments that, if unpaid, may result in a lien, against their parcel
What is a unit in an HOA? - (answers)A lot, villa, townhome, house, or parcel. The
member received a deed to the lot, villa, townhome, house or parcel
What is common property in an HOA? - (answers)All real property within an HOA
is owned or leased by an association or dedicated for use or maintenance by the
association or its members, including, regardless of whether title has been
conveyed to the association
GOLD COAST CAM LICENSE EXAM 2025| BRAND
NEW ACTUAL EXAM WITH 100% VERIFIED
QUESTIONS AND CORRECT SOLUTIONS|
GUARANTEED VALUE PACK| ACE YOUR GRADES.
What is a legally binding agreement? - (answers)It is structured by formal, legal
documents that define property rights, rules and restrictions
It grants rights and/or imposes liabilities and responsibilities on the community
association and members
It provides governance, business, and communal aspects of administering,
maintaining and enhancing the property
Could also be considered a "contract"
What is a legally binding agreement referred to in certain community
associations? - (answers)A covenant
What is a community association? - (answers)Real or personal property, owned by
two or more entities, with a legally binding agreement to share responsibility for
of maintenance and administering and maintaining the property and its assets
with specific rights granted to the members
What is F.S.? - (answers)Florida Statutes - provides a definition of and
requirements for each type of community association
,2|Page
What is F.A.C.? - (answers)Florida Administrative Code - provides additional
guidance based on the Florida Statutes
Also known as an official compilation of rules and regulations of Florida regulatory
agencies
What are members of a community association responsible for? -
(answers)Members in a community association have a responsibility to occupy,
use and maintain the property in accordance with the statutes and the legal
documents
What are the requirements for a community association? - (answers)-
membership is mandatory
- members have the right to vote (w/ exceptions)
- an unpaid assessment can become a lien on a member's property
What are the 5 community associations governed by the Florida Statutes? -
(answers)F.S. 718 - condominums (also known as the condominium act) (F.A.C. -
61B-14 through 24, 45 & 50)
F.S. 719 - cooperative (cooperative act) (F.A.C. 61B-75 through 79, 45, & 50)
F.S. 720 - HOA (homeowners' association act) (F.A.C. 61B-80, 81, & 85)
F.S. 721 - timeshare (florida vacation plan & timesharing act) (F.A.C. 61B-37
through 41)
F.S. 723 - mobile homes (Mobile Home Act)
,3|Page
What terms can be used interchangeably with "owner"? - (answers)- unit owner
- parcel owner
- shareholder
What is a condominium? - (answers)A form of ownership of real property created
pursuant to statutes, which is comprised entirely of units, each of which may be
owned by one or more persons, and in which there is, appurtenant to each unit,
an undivided share in common elements
What does an undivided share in the common elements mean? - (answers)That
each owner owns a proportionate share of the common property that cannot be
transferred or sold separately from the owner's unit. It therefore cannot be
divided from the owners shares in the common property
What is a condominium unit? - (answers)A unit is air space including wall, ceilings,
and floor coverings or finishes, cabinets and appliances.
The members received a deed to the unit.
What is a common property/area? - (answers)Common property/area is often
referred to as "common elements"; all members own the common property in
undivided interest, which must be defined in the association documents.
, 4|Page
What is a cooperative? - (answers)In a cooperative, a corporation owns all the
property, and each member receives shares and has a proprietary right to occupy
a specific unit under a lease
Members are referred to in statute as shareholders or owners
A unit in a cooperative association can be referred to as what? - (answers)A
cooperative parcel
What is cooperative common property? - (answers)Includes the lands, leaseholds
and personal property owned by a cooperative association
What is a HOA? - (answers)Homeowners Association - each member owns their
unit, house or lot (referred to in statutes as a parcel), may use the common
elements, and shares in the cost of maintaining the common elements. Statutes
often refer to the members property as a "parcel", which is capable of separate
conveyance, and by which the member is obliged to belong to the association and
to pay assessments that, if unpaid, may result in a lien, against their parcel
What is a unit in an HOA? - (answers)A lot, villa, townhome, house, or parcel. The
member received a deed to the lot, villa, townhome, house or parcel
What is common property in an HOA? - (answers)All real property within an HOA
is owned or leased by an association or dedicated for use or maintenance by the
association or its members, including, regardless of whether title has been
conveyed to the association
