Florida Cam Exam
g g
AgCommunitygAssociationgisggenerallygdefinedgasgrealgorgpersonalgproperty,go
wnedgbygtwogorgmoregentities,gwhichgsharegthegresponsibilitygforgthegcostsgof
maintenancegandgadministrationg-g✅✅-True
Purchasersgofgagtimesharegplanghavegagtengdaygcontractgrescissiongperiodgingw
hichgtogcancelgthegpurchaseg-g✅✅-True
ThegFloridagFairgHousinggActgprohibitsgdiscriminationgongthegbasisgofghandicap
-g ✅✅-True
AgvalidgDeclarationgofgCondominiumgmustgcontaingeasementsgforgingressgandge
gressgtogallgunitsgandgthegcommongelementsg-g✅✅-True
CompliancegwithgthegConstructiongLiengLawgisgverygtechnicalgandgcanghavegang
impactgongtitlegtogproperty.gThereforegthegboardgshouldgalwaysgconsultgwithgthe
managergregardinggliengissuesg-g✅✅-False.gThegboardgshouldgconsultgan
attorney.
CorporategCharterg-g✅✅-ArticlesgofgIncorporationgaregalsogknowngasgthe
EstablishesgthegpowergandgauthoritygofgthegcommunitygAssociationgEstablish
esgthegcorporategentitygthatgisgresponsiblegforgmanagement,gmaintenancegand
goperationgofgthegcommunitygassociation
Isgbasedgingcorporateglawg-g✅✅-
ArticlesgofgIncorporationg(gCorporategCharter)
FloridagNotgforgProfitgCorporategActg-g✅✅-
FSg617gFloridagCorporategActg-g✅✅-FSg607
ConductinggbusinessgandgCommunitygAssociationgaffairsgOpera
tinggandgmanaginggthegassociationgpropertygandgassetsgSuingga
ndgdefendinggagainstgactions
LendinggmoneygforgassociationgpurposesgAcquir
inggProperty
Enteringgintogcontractsgandgpurchasinggitemsgthatgaregrequiredgforgoperationsga
ndgmaintenance
IncurringgliabilitiesgBorr
owinggfunds
,Mortgaginggcommunitygassociationgpropertiesg-g✅✅-
PowersgthatgareggrantedgingFSg617
CondominiumgActg-g✅✅-FSg718
Formgofgjointgownershipgofgrealgpropertygthatgcomprises:g
Exclusivegownershipgofgeachgunit
Jointgundividedgsharegofgcommongelements
Requiredgmembershipgingthegcommunitygassociationg-g✅✅-
Whatgisgagcondominium?
CooperativegActg-g✅✅-FSg719
MandatorygHomeowner'sgAssociationg-g✅✅-FSg720
Mandatorygcontentsgofgagdeclarationg(gcondos)g-g✅✅-FSg718.104
Definitionsgofgthegcorporategentity,gpowersgofgassociation,geasements,grightsgof
gaccessgtogunit,ginsurance,gofficialgrecordsgofgthegassociation,gcommunitygdirect
ory,gfinancialgreportinggrequirements,gpurchasegofgunits,gpurchasegofglandgandgr
ecreationgleases,goperationsgofgcondominiumsgcreatedgpriorgtogJanuaryg1,
1977,gcomminglingg-g✅✅-FSg718.111
FSg718.1124g-g✅✅-
Definitionsgofgrequiredgcontentsgofgbylaws,gincludinggadministration,gnoticegreq
uirements,gquorum,gproxies,gvotinggrequirements,
elections,gelectronicgvoting,gcandidategeligibility,gdirectorgcertificate/educationgre
quirements,grecalls,garbitration,gtimesharegcondominiumgexceptions,gboardgand
gmembergmeetings,gAnnualgbudgetgrequirements,gassessments,gamendmentgo
fgbylaws,gtransfergfees,gdirectorgandgofficergdelinquenciesgandgoffenses,gcomm
ongelementsg(glimitedgpowergtogconveygtogagcondemninggauthority)
FSg718.113g-g✅✅-
Maintenancegrequirements,gdisplaygofgflagsgandgreligiousgdecorations,ghurrican
egshutters,gandgothergtypesgofgcode-complaintghurricane
protection
FSg718.114g-g✅✅-
Associationgpowers,gacquisitiongofgleaseholdgmembershipsgandgothergpossess
orygorguseginterests
,FSg718.115g-g✅✅-
CommongExpensesgandgcommongsurplus,gexpensegandgcreditsgforghurricanegp
rotection,gcommunicationgexpenses
FSg718.116g-g✅✅-
Liabilitygforgnotgpayinggcommongexpenses,gincludinggthegrightgtogassessginteres
t,glien,gforeclose,gandgcollectgrentsgfromgdelinquent
membersgetc.,gliabilitygofgfirstgmortgagegholder,gliabilitygofgpreviousgowners
FSg718.303g-g✅✅-
Providesgthatgifgagmembergisgmoregthang90gdaysgdelinquentgorghasgfailedgtogc
omplygwithghisgorghergmonetarygobligationgthatgis
duegtogthegcommunitygassociation,gorghasgfailedgtogcomplygwithgthegdocumentsg
orgreasonablegrules,gthegrightgtogusegcommongelementsgcangbegsuspended.
Providesgfininggauthoritygandgprocedures.
ThegpHgofgthegpoolgwatergmustgbegmaintainedgat:g-g✅✅-7.2-7.8
CondominiumgandgCooperativegAssociationsgpaygangannualgfeegofg$
gpergresidentialgunity,gperg
togthegDFCTSMHgTrustgFundg-g✅✅-
$4.00/gYear
Agwindstormgselfginsurancegpoolgmustgincludeg3gorgmoregassociations,gallgofgwh
ichgmustgbegresidential,gwithgnotglessgthang50gunits.g-g✅✅-True
Thegmembergmustgplacegangelectiongballotginganginnergenvelope,gandgplacegtheg
innergenvelopegingangoutergenvelope,gwhichgthegmembergsigns.g-
✅✅-
Proceduresgforgvotinggingsecretgforgmembersgwhogaregnotgingattendance
atgthegannualgmeeting.
ThegpurposegofgRegulatorygCouncilgofgCommunitygAssociationgManagersgisgto
-g✅✅-
ProvideglicensuregexamgandgcontinuinggeducationgrequirementsgforgCAMS
Agvolunteergdirectorgwhogisgnotgcompensatedgforghisgdutiesgasgagdirectorgnee
dgnotghavegagCAMglicenseg-g✅✅-True
ProspectivegmembersgmustgreceivegcertainginformationgfromgangHOAgwhengpur
chasinggagnewgunit,gincludinggCommunitygAssociationgDisclosuresg-
✅✅-True
Angemployeegofgthegombudsman'sgofficegmaygnotgservegasgangofficergingaglocal,
gstate,gorgnationalgpoliticalgpartyg-g✅✅-True
, Componentsgofgagcollectiongpolicygshouldgnotgincludegcourtgchargesgforgfilinggofg
liensg-g✅✅-True
Atgwillgmeansg-g✅✅-
angemployeegwhogmaygbegdismissedgatganygtimegforganygnon-
discriminatorygreasons,gwithgorgwithoutgcause
.
FSg482g-g✅✅-governsgpestgcontrolgcompaniesgandgoperators
ThegOmbudsmangdutiesgincludegbutgaregnotglimitedgtog-g✅✅-Encouragegand
facilitategvoluntarygmeetingsgwithgandgbetweengmembers,gdirectors,gmanagers,g
andgothergaffectedgpartiesgofgcondominiums
Communitygassociationgmanagementgcompaniesgmustgfilegforgcompanyginsur
anceg-g✅✅-OncegverygtwogyearsgongOctoberg1stgofgoddgnumberedgyears.
HOA'sgmustgfilegforgarbitrationgwithgDBPRgwhengmembersgcontestgelectionsgofgr
ecallsg-g✅✅-True
PursuantgtogFSg720,gangHOAghasgallgthegfollowinggpowersgingangemergenc
ygdeclaredgbygtheggoverner:g-g✅✅-
togcancelgandgreschedulegangassociationgmeeting
togdesignategassistantgofficersgwhogaregnotgdirectors
togrelocategthegassociation'sgprincipalgofficergorgdesignategangalternativegoffice
IngangemergencygangHOAgCangnotg-g✅✅-
contract,gongbehalfgofgagmembergforgitemsgofgservicesgforgwhichgthegmembergisg
individuallygresponsible.
Condominiumgmembersgmaygvotegtogterminategthegassociationgif:g-g✅✅-
costgtogmakegnecessarygrepairsgsogthatgthegpropertygmeetsgcodegisgtooghigh.
Ifgtheregaregmoregthang units,gorgthegbudgetgexceedsg$
,gthegmanagergmustgbeglicensedgthroughgDB
PRgasgagcommunitygAssociation
Managerg-g✅✅-40/$100,000
HowgmanygmembersgaregtheregongthegRegulatorygCouncilgofgCondominiu
mgManagers?g-g✅✅-
7gmembersgappointedgbygthegGovernorgofgthegState
g g
AgCommunitygAssociationgisggenerallygdefinedgasgrealgorgpersonalgproperty,go
wnedgbygtwogorgmoregentities,gwhichgsharegthegresponsibilitygforgthegcostsgof
maintenancegandgadministrationg-g✅✅-True
Purchasersgofgagtimesharegplanghavegagtengdaygcontractgrescissiongperiodgingw
hichgtogcancelgthegpurchaseg-g✅✅-True
ThegFloridagFairgHousinggActgprohibitsgdiscriminationgongthegbasisgofghandicap
-g ✅✅-True
AgvalidgDeclarationgofgCondominiumgmustgcontaingeasementsgforgingressgandge
gressgtogallgunitsgandgthegcommongelementsg-g✅✅-True
CompliancegwithgthegConstructiongLiengLawgisgverygtechnicalgandgcanghavegang
impactgongtitlegtogproperty.gThereforegthegboardgshouldgalwaysgconsultgwithgthe
managergregardinggliengissuesg-g✅✅-False.gThegboardgshouldgconsultgan
attorney.
CorporategCharterg-g✅✅-ArticlesgofgIncorporationgaregalsogknowngasgthe
EstablishesgthegpowergandgauthoritygofgthegcommunitygAssociationgEstablish
esgthegcorporategentitygthatgisgresponsiblegforgmanagement,gmaintenancegand
goperationgofgthegcommunitygassociation
Isgbasedgingcorporateglawg-g✅✅-
ArticlesgofgIncorporationg(gCorporategCharter)
FloridagNotgforgProfitgCorporategActg-g✅✅-
FSg617gFloridagCorporategActg-g✅✅-FSg607
ConductinggbusinessgandgCommunitygAssociationgaffairsgOpera
tinggandgmanaginggthegassociationgpropertygandgassetsgSuingga
ndgdefendinggagainstgactions
LendinggmoneygforgassociationgpurposesgAcquir
inggProperty
Enteringgintogcontractsgandgpurchasinggitemsgthatgaregrequiredgforgoperationsga
ndgmaintenance
IncurringgliabilitiesgBorr
owinggfunds
,Mortgaginggcommunitygassociationgpropertiesg-g✅✅-
PowersgthatgareggrantedgingFSg617
CondominiumgActg-g✅✅-FSg718
Formgofgjointgownershipgofgrealgpropertygthatgcomprises:g
Exclusivegownershipgofgeachgunit
Jointgundividedgsharegofgcommongelements
Requiredgmembershipgingthegcommunitygassociationg-g✅✅-
Whatgisgagcondominium?
CooperativegActg-g✅✅-FSg719
MandatorygHomeowner'sgAssociationg-g✅✅-FSg720
Mandatorygcontentsgofgagdeclarationg(gcondos)g-g✅✅-FSg718.104
Definitionsgofgthegcorporategentity,gpowersgofgassociation,geasements,grightsgof
gaccessgtogunit,ginsurance,gofficialgrecordsgofgthegassociation,gcommunitygdirect
ory,gfinancialgreportinggrequirements,gpurchasegofgunits,gpurchasegofglandgandgr
ecreationgleases,goperationsgofgcondominiumsgcreatedgpriorgtogJanuaryg1,
1977,gcomminglingg-g✅✅-FSg718.111
FSg718.1124g-g✅✅-
Definitionsgofgrequiredgcontentsgofgbylaws,gincludinggadministration,gnoticegreq
uirements,gquorum,gproxies,gvotinggrequirements,
elections,gelectronicgvoting,gcandidategeligibility,gdirectorgcertificate/educationgre
quirements,grecalls,garbitration,gtimesharegcondominiumgexceptions,gboardgand
gmembergmeetings,gAnnualgbudgetgrequirements,gassessments,gamendmentgo
fgbylaws,gtransfergfees,gdirectorgandgofficergdelinquenciesgandgoffenses,gcomm
ongelementsg(glimitedgpowergtogconveygtogagcondemninggauthority)
FSg718.113g-g✅✅-
Maintenancegrequirements,gdisplaygofgflagsgandgreligiousgdecorations,ghurrican
egshutters,gandgothergtypesgofgcode-complaintghurricane
protection
FSg718.114g-g✅✅-
Associationgpowers,gacquisitiongofgleaseholdgmembershipsgandgothergpossess
orygorguseginterests
,FSg718.115g-g✅✅-
CommongExpensesgandgcommongsurplus,gexpensegandgcreditsgforghurricanegp
rotection,gcommunicationgexpenses
FSg718.116g-g✅✅-
Liabilitygforgnotgpayinggcommongexpenses,gincludinggthegrightgtogassessginteres
t,glien,gforeclose,gandgcollectgrentsgfromgdelinquent
membersgetc.,gliabilitygofgfirstgmortgagegholder,gliabilitygofgpreviousgowners
FSg718.303g-g✅✅-
Providesgthatgifgagmembergisgmoregthang90gdaysgdelinquentgorghasgfailedgtogc
omplygwithghisgorghergmonetarygobligationgthatgis
duegtogthegcommunitygassociation,gorghasgfailedgtogcomplygwithgthegdocumentsg
orgreasonablegrules,gthegrightgtogusegcommongelementsgcangbegsuspended.
Providesgfininggauthoritygandgprocedures.
ThegpHgofgthegpoolgwatergmustgbegmaintainedgat:g-g✅✅-7.2-7.8
CondominiumgandgCooperativegAssociationsgpaygangannualgfeegofg$
gpergresidentialgunity,gperg
togthegDFCTSMHgTrustgFundg-g✅✅-
$4.00/gYear
Agwindstormgselfginsurancegpoolgmustgincludeg3gorgmoregassociations,gallgofgwh
ichgmustgbegresidential,gwithgnotglessgthang50gunits.g-g✅✅-True
Thegmembergmustgplacegangelectiongballotginganginnergenvelope,gandgplacegtheg
innergenvelopegingangoutergenvelope,gwhichgthegmembergsigns.g-
✅✅-
Proceduresgforgvotinggingsecretgforgmembersgwhogaregnotgingattendance
atgthegannualgmeeting.
ThegpurposegofgRegulatorygCouncilgofgCommunitygAssociationgManagersgisgto
-g✅✅-
ProvideglicensuregexamgandgcontinuinggeducationgrequirementsgforgCAMS
Agvolunteergdirectorgwhogisgnotgcompensatedgforghisgdutiesgasgagdirectorgnee
dgnotghavegagCAMglicenseg-g✅✅-True
ProspectivegmembersgmustgreceivegcertainginformationgfromgangHOAgwhengpur
chasinggagnewgunit,gincludinggCommunitygAssociationgDisclosuresg-
✅✅-True
Angemployeegofgthegombudsman'sgofficegmaygnotgservegasgangofficergingaglocal,
gstate,gorgnationalgpoliticalgpartyg-g✅✅-True
, Componentsgofgagcollectiongpolicygshouldgnotgincludegcourtgchargesgforgfilinggofg
liensg-g✅✅-True
Atgwillgmeansg-g✅✅-
angemployeegwhogmaygbegdismissedgatganygtimegforganygnon-
discriminatorygreasons,gwithgorgwithoutgcause
.
FSg482g-g✅✅-governsgpestgcontrolgcompaniesgandgoperators
ThegOmbudsmangdutiesgincludegbutgaregnotglimitedgtog-g✅✅-Encouragegand
facilitategvoluntarygmeetingsgwithgandgbetweengmembers,gdirectors,gmanagers,g
andgothergaffectedgpartiesgofgcondominiums
Communitygassociationgmanagementgcompaniesgmustgfilegforgcompanyginsur
anceg-g✅✅-OncegverygtwogyearsgongOctoberg1stgofgoddgnumberedgyears.
HOA'sgmustgfilegforgarbitrationgwithgDBPRgwhengmembersgcontestgelectionsgofgr
ecallsg-g✅✅-True
PursuantgtogFSg720,gangHOAghasgallgthegfollowinggpowersgingangemergenc
ygdeclaredgbygtheggoverner:g-g✅✅-
togcancelgandgreschedulegangassociationgmeeting
togdesignategassistantgofficersgwhogaregnotgdirectors
togrelocategthegassociation'sgprincipalgofficergorgdesignategangalternativegoffice
IngangemergencygangHOAgCangnotg-g✅✅-
contract,gongbehalfgofgagmembergforgitemsgofgservicesgforgwhichgthegmembergisg
individuallygresponsible.
Condominiumgmembersgmaygvotegtogterminategthegassociationgif:g-g✅✅-
costgtogmakegnecessarygrepairsgsogthatgthegpropertygmeetsgcodegisgtooghigh.
Ifgtheregaregmoregthang units,gorgthegbudgetgexceedsg$
,gthegmanagergmustgbeglicensedgthroughgDB
PRgasgagcommunitygAssociation
Managerg-g✅✅-40/$100,000
HowgmanygmembersgaregtheregongthegRegulatorygCouncilgofgCondominiu
mgManagers?g-g✅✅-
7gmembersgappointedgbygthegGovernorgofgthegState
