FLORIDA CAM LICENSE FINAL EXAM 150 QUESTIONS WITH
COMPLETE AND CORRECT ANSWERS/A+ GRADE/2023
Florida Condominium Law is contained in which Chapter of
... [Show More] the Florida Statutes? Correct
Answer: 718
Minutes of meeting of the BOD must be maintained for: Correct Answer: 7 years
Emergency powers of a condominium board, if a state of emergency has been declared, include:
Correct Answer: Borrow money and pledge association assets as collateral to fund emergency
repairs
A condominium association files a lien for unpaid assessments against one of its unit owners, the
lien is effective for: Correct Answer: One year after claim of lien was recorded
With respect to a condominium association, which of the following statements is true: Correct
Answer: The declaration may provided that certain limited common elements shall be
maintained by those entitled to use the limited common elements.
Notice of the Association annual meeting must contain: Correct Answer: Purpose of the
meeting, place, date and time
A co-op association's reserves do not generally include an amount for: Correct Answer: Flood
insurance premiums of $13,000
Condominium owners own the condominium parcel and what type of interest in the common
elements? Correct Answer: Undivided
A claim of lien against a condominium parcel must include: Correct Answer: The due date, the
name of unit owners, the amount due
What designates the person who will direct votes for the owners of a corporately owned
condominium unit? Correct Answer: A voting certificate
The least used entity of association management is: Correct Answer: Self-Management
Condominium unit owners, other than the developer, are entitled to elect not less than a majority
of the board when? Correct Answer: Three years after 50% of the units have been conveyed to
the owners
Certain disputes between a condominium owner and the association require arbitration as the
first remedy; a dispute not requiring arbitration is one pertaining to: Correct Answer: Fees and
assessments
The owners of a condominium must receive how much a notice of a budget meeting? Correct
Answer: 14 days
FLORIDA CAM LICENSE FINAL EXAM 150 QUESTIONS WITH
COMPLETE AND CORRECT ANSWERS/A+ GRADE/2023
The concept of fairness in rules enforcement that results in forfeiture of the enforcement right is:
Correct Answer: Equitable estoppel
The two principal types of property insurance are: Correct Answer: Named peril and all risks
The condominium is created by the: Correct Answer: Declaration of Condominium
Directors cannot vote by: Correct Answer: Proxy
Can a condominium manager spray insecticide in and on the common areas of a condominium if
a unit owner asks? Correct Answer: Not unless he is appropriately licensed by the Florida
Department of Agriculture and Consumer Services
For purposes of Chapter 718 Florida Statutes, "Reserves" means: Correct Answer: Any funds
other than operating funds, that are restricted for deferred maintenance and capital expenditures
Which of the following statements concerning towing is true? Correct Answer: The notice must
provide the name and current telepho [Show Less]