Florida CAM License Exam Questions | 100 Questions with 100% Correct Answers

FL CAM License

1. Condominium form of ownership is comprised of units owned by one or more persons

and joint ownership of ________ share in the common elements.

A. a percentage

B. an undivided

C. a proportional

D. a complete - ✔✔B. an undivided

Condominium means individual ownership of a unit coupled with joint ownership of an

undivided share of the common elements as well as mandatory membership in the

association.

2. Under the General Corporate Law _______, community associations have the right to

buy, sell or lease real property. Under the condo and co-op laws _____, condos and

coops have the specific authority to acquire title.

A. 617 / 718 & 719

B. 623 / 707 & 708

C. 621 / 718 & 719

D. 607 / 718 & 719 - ✔✔D. 607 / 718 & 719

FS 607 is General Corporate Law, FS 718 is condominiums, and FS 719 is

cooperatives.

3. A person doing the following for remuneration must have a license.

A. Posts notices for meetings and chairs committee meetings

B. Prepares budgets and financial statements.

C. Supervises maintenance.

D. All of the above. - ✔✔D. All of the above.

A person who provides the following services for compensation must be licensed by

DBPR

Disburse funds

Prepare budgets and/or financial reports

Notice or conduct meetings

Coordinate maintenance or other day-to-day services involving the operation of the

association

4. Application for renewal of a CAM license shall be postmarked by ___________ . If

renewal application is postmarked after ____________ of the renewal year, the license

shall be deemed expired.

A. September 30, September 30

B. October 31, October 31

C. September 30, October 31

D. December 31, January 1 - ✔✔C. September 30, October 31

Renewal applications shall be postmarked on or before September 30 each even year.

If the renewal application is postmarked after October 31, that license is deemed

expired.

5. Restrictive covenants that run with the land as permanent restrictions remain in effect

until ________.

A. The majority of the owners vote otherwise

B. All of the owners agree

C. The developer cancels them

D. The community is terminated - ✔✔D. The community is terminated

When you purchase, you know that these covenants exist and will continue to exist for

the life of the condominium or parcel and upon resale, the next owner inherits the same

covenants. This is called running with the land.

6. The Cooperative documents must contain all of following except ________.

A. Documentation of each owner

B. Identification by unit number/letter

C. Recognition of owner

D. Definition of the grounds lease - ✔✔B. Identification by unit number/letter

Under Cooperative law, the co-op documents include the Articles of Incorporation and

By-Laws, a definition of the grounds lease, the owner's share and membership in the

co-op and title or right to use of a unit.

7. The ______ creates the association and the ______ creates the condominium.

A. Declaration of Condominium / Articles of Incorporation

B. By-Laws / Declaration

C. Articles of Incorporation / Declaration

D. Articles of Incorporation / Bylaws - ✔✔C. Articles of Incorporation / Declaration

The Articles of Incorporation, also known as the Corporate Charter, are the documents

that create the association. The Condominium is established when the developer

records the Declaration of Condominium with the county clerk in the county seat of the

county in which the condominium is to be built.

8. What defines the membership and the voting rights of the Association?

A. Corporate Charter

B. Declaration of Condominium

C. By-Laws

D. Rules and Regulations - ✔✔A. Corporate Charter

The Articles of Incorporation, also known as the Corporate Charter, provide the

framework for the organization of the association and define its membership and the

voting rights of the members.

9. The ______ establish(es) the procedures for carrying out the day to day

responsibilities of the association.

A. Articles of Incorporation

B. Declaration of Condominium

C. By-laws

D. Rules and Regulations - ✔✔C. By-laws

The By-Laws establish the procedures for carrying out the association's responsibilities

and clarify the day-to-day duties necessary to carry out the responsibilities of the

association.

10. If the governing documents of an association conflict, which of the following is the

proper order of priority?

A. By-laws, Declaration, Articles of Incorporation, Board Rules and Regulations

B. Declaration, Articles of Incorporation, By-laws, Board Rules & regulations

C. Articles of Incorporation, Declaration, By-laws, Board Rules and Regulations

D. Declaration, Board-approved Rules, Articles of Incorporation, By-laws - ✔✔B.

Declaration, Articles of Incorporation, By-laws, Board Rules & regulations

All of the documents should be consistent with each other. Their order of priority is:

Declaration of Condominium

Articles of Incorporation

By-Laws

Rules and Regulations

11. When we are talking about amending the documents, which of the following is

correct?

A. If proviso made and percentage stated, then that percent

B. If no proviso, then 100%

C. If proviso made but no percentage stated, then 66 2/3%

D. All of the above - ✔✔D. All of the above

Each document must provide for procedures for amendment. If they do not, then they

can only be made with the approval of all of the owners. Usually documents provide for

the percentage of owners necessary to amend the document. If the documents provide

for amendment but do not state the percentage necessary then two-thirds of the owners

must agree to the amendment.

Summary:

If no proviso for amendment, then 100%

If proviso made but percentage not stated, then 66 2/3%

If proviso made and percentage stated, then that %

12. In a Chapter 720 Homeowners Association, which of the following is required to

amend the governing documents?

A. A majority vote of the board of directors at a regular business meeting

B. A majority vote of all the voting interests in the association

C. A majority vote by the Board of Governors at an amendment meeting

D. Approval of 2/3 of the voting interests in the association - ✔✔D. Approval of 2/3 of

the voting interests in the association

HOA document amendments must be approved by two-thirds of the owners unless the

documents provide otherwise.

13. That property owned by the association for the use and benefit of its owners is

called _______.

A. limited common elements

B. condominium parcel

C. common elements

D. association property - ✔✔D. association property

ASSOCIATION PROPERTY refers to the real or personal property leased, owned or

controlled by the association for the use of the members. This is different from common

elements which are jointly owned by the owners. Examples would be a leased parking

area, a golf cart used by management, or a popcorn machine in the clubhouse.

14. The portion of the community property shared by all of the owners and members is

_______.

A. Limited Common Elements

B. Association Property

C. Common Elements

D. All Easements - ✔✔C. Common Elements

A COMMON ELEMENT is that property shared by all of the owners and members of the

community. Common elements are the portions of the condominium property not

included in the units. Examples are pools, parking lots, tennis courts, etc. The common

elements and the percentage of ownership are found in the Declaration of

Condominium. The common elements are owned by all of the owners.

15. The part of a condominium that is subject to exclusive use is called _______.

A. common elements

B. association property

C. a unit

D. easements - ✔✔C. a unit

A UNIT is that part of the property reserved for the exclusive use of an owner. It may be

land, improvements, or land and improvements.

16. Common elements may be enlarged _________.

A. by a majority vote of the Board

B. only if the Association has the appropriate funds available

C. by a two-thirds vote of the owners