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CAM License Questions > 100 Question Practice Test > Flashcards

100 Question Practice Test Flashcards

1
Q

What should happen in the event of a vacancy among officers in an association?

A. The vacancy may not be filed until the next annual meeting.
B. The successor may be appointed at the next board meeting.
C. The successor must be elected within 14 business days.
D. A special membership meeting must be called as soon as possible to elect a new officer.

A

B. The successor may be appointed at the next board meeting.

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2
Q

Official records of an association include

A. insurance polices
B. the prospectus
C. sales brochures
D. receipts for copying condominium documents

A

A. insurance polices

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3
Q

If a quorum requirement is not stated in a condominium association’s governing document, during an annual meeting what will constitute a quorum of the total voting interests?
A. one-third
B. a majority
C. two-thirds
D. three-quarters

A

C. Two-thirds

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4
Q

What is the possible action the Department of Business and Professional Regulations could take if a board director knowingly violated the Condominium or Cooperative Acts? The director
A. may be suspended.
B. may be fined and charged criminally.
C. may be put on administrative leave.
D. may be arrested.

A

B. may be fined and charged criminally.

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5
Q

Which word best defines the relationship between the homeowners’ association and the Board of Directors?

A. fiduciary
B. accountability
C. managerial
D. cooperation

A

A. Fiduciary

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6
Q

The terms of all condominium board members expire ____________ if there is no other specification in the bylaws.

A. at the next annual meeting
B. at the first meeting of the board
C. three years after elected
D. two years after elected

A

D. two years after elected

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7
Q

As per the Florida condominium law, how many days after a meeting is adjourned to a later date will the proxies still be valid?

A. 20
B. 60
C. 90
D.120

A

C. 90

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8
Q

An uncontested recall of directors in a condominium or cooperative is effective within
A. 2 business days
B. 4 business days
C. 5 business days
D. 10 business days

A

C. 5 Business Days

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9
Q

A committee CANNOT be appointed by the board of directors of a homeowners’ association for which intent?
A. adopting an amendment to the bylaws
B. nominating candidates for the election of officers
C. drafting the annual budget for the board
D. proposing an improvement plan for the community park

A

A. adopting an amendment to the bylaws

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10
Q

When does an amendment to the condominium bylaws become effective?
A. after one year of being passed by a majority vote of the members
B. after it is approved by the board
C. after it is recorded in the public records of the county in which the condominium is located
D. after the board of directors supplies a copy to the Division of condominiums

A

C. after it is recorded in the public records of the county in which the condominium is located

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11
Q

When is a condominium formally created?

A. when the condominium plat is recorded with the county where it is located
B. when the developer is issued the first certificate of occupancy
C. when the Articles of Incorporation are filed with the Secretary of State
D. when the Declaration of Condominium is recorded with the county where it is to be built

A

D. when the Declaration of Condominium is recorded with the county where it is to be built

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12
Q

What Florida Statute chapter governs timesharing or interval ownership associations?

A. 498
B. 719
C. 721
D. 718

A

C. 721

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13
Q

What is the mandatory minimum number of directors in a 75-unit condominium if nothing is provided in the bylaws?

A. 3
B. 5
C. 7
D. 9

A

B. 5

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14
Q

If the declaration of condominium does not state a procedure for authorizing material alteration to common elements, the construction of new tennis courts would need to be approved by ________.
A. 2/3 of the directors on the board.
B. 2/3 of the voting interests present at a members’ meeting.
C. 3/4 of the voting interests present at members’ meeting.
D. 3/4 of the total voting interests in the association.

A

D. 3/4 of the total voting interests in the association.

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15
Q

The formal components of cooperative documents do NOT include

A. the articles of incorporation.
B. the bylaws.
C. the cooperative associations ground lease, if any.
D. the Florida Statutes.

A

D. the Florida Statutes.

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16
Q

Which document in an association takes precedence in the case of conflict between document provisions?
A. the bylaws
B. the declaration of covenants
C. the articles of incorporation
D. the rules and regulations adopted by the board of directors

A

B. the declaration of covenants

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17
Q

Unless specifically provided in the _________________ , timeshare estates are NOT permitted in a condominium association.

A. declaration of condominium
B. Timesharing Act
C. Real Estate Act
D. association rules and regulations

A

A. declaration of condominium

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18
Q

Joint ownership of common elements, exclusive ownership of a single unit and ________________, are parts of the condominium concept.

A. an equal share of stock dividends for each unit owner
B. management by professional organizations
C. mandatory membership in the condominium association
D. regulation by Florida Statute chapter 719

A

C. mandatory membership in the condominium association

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19
Q

The required period of time for posting and mailing notice of a cooperative association meeting where the budget will be presented is
A. 10 days
B. 14 days
C. 30 days
D. 60 days

A

B. 14 Days

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20
Q

Where can the restrictions and covenants that establish the basic rights and responsibilities in a condominium be found?
A. in the articles of incorporation
B. in the declaration
C. in the Florida Statutes
D. in the bylaws

A

B. in the declaration

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21
Q

Where can the agenda and notice requirements for membership meetings of a homeowners’ association be found?
A. in the code of conduct
B. in the rules and regulations
C. in the resolution of procedures
D. in the bylaws

A

D. In the bylaws

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22
Q

Upon renewal of a cooperative unit’s lease by the same lessee, under the renewal clause of their lease, the association may

A. require an additional month’s security deposit.
B. charge a transfer fee.
C. NOT charge a transfer fee.
D. refuse the renewal clause of the lease originally approved by the association.

A

C. NOT charge a transfer fee.

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23
Q

So long as a manager keeps separate accounting records, they may lawfully commingle the funds for

A. two different condominiums operated by one association.
B. two different condominium associations.
C. the manager’s salary and a condominium association.
D. a developer and a condominium association.

A

A. two different condominiums operated by one association

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24
Q

The declaration of condominium has parking spaces designated as limited common elements assigned to specific condominium units. In this case, unit owners have exclusive rights to their parking space because
A. they own that space.
B. it is required per the Florida Statutes.
C. a limited common element is reserved for the exclusive use of the unit to which it is assigned.
D. the parking space is assigned on a list maintained by the board of directors.

A

C. a limited common element is reserved for the exclusive use of the unit to which it is assigned.

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25
Q

The scope of authority of the board of directors is NOT specifically provided in the
A. Florida Administrative Code
B. Florida Not For Profit Corporation Act
C. governing association documents
D. annual meeting minutes

A

D. annual meeting minutes

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26
Q

A condominium associations’ initial corporate structure is constituted in the
A. rules and regulations.
B. policies and procedures.
C. articles of incorporation.
D. declaration of condominium.

A

C. articles of incorporation.

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27
Q

While there is not an enforcement action filed in court, for what amount of time is a claim of lien on a condominium unit for delinquent assessments effective?
A. for 6 months
B. for 12 months
C. for 24 months
D. for 60 months

A

B. For 12 months

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28
Q

What is NOT required when a condominium unit owner requests approval for an electric or natural gas vehicle charging station?

A. The installation must be within the boundaries of the limited common elements parking space.
B. The charging station must be approved by owners using adjacent parking spaces.
C. The owner must engage the service of a licensed electrical contractor or engineer to draw up the specifications.
D. The owner must have a separate electric or gas meter and pay all the expenses for the vehicle charging station.

A

B. The charging station must be approved by owners using adjacent parking spaces.

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29
Q

Rather than acquiring a unit, the buyer of a cooperative apartment

A. purchases shares in the corporation.
B. acquires the property over a period of time.
C. buys a unit in cooperation with other owners.
D. purchases a part of a timeshare property.

A

A. purchases shares in the corporation

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30
Q

In a valid contract between an association and a party providing management or maintenance services, which provision is not required?

A. the costs incurred in the performance of services to be reimbursed by the association
B. the minimum number of personnel to be employed by the party providing the services
C. the services, obligations, and responsibilities of the party providing the services
D. the provision that the term of the contract may not exceed one year

A

D. the provision that the term of the contract may not exceed one year

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31
Q

What items must be identified in a contract between a maintenance or management company and a condominium association to be enforceable?
A. a mailing address of the maintenance or management company
B. services, obligations and responsibilities of the person(s) employed to provide the service
C. maintenance or management entity as licensed by the state of Florida
D. terms under which the agreement can be terminated

A

B. services, obligations and responsibilities of the person(s) employed to provide the service

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32
Q

A restaurant located in a condominium building is part of the common elements, and is leased to a restaurateur. To comply with the Americans with Disabilities Act (ADA), the association must
A. keep the restaurant open seven days a week.
B. require the restaurateur to make modifications to comply with all requirements of the Act.
C. establish a board committee to ensure that the restaurant owner fully complies with all requirements of the Act.
D. ensure that the restaurant space complies with all requirements of the Act.

A

D. ensure that the restaurant space complies with all requirements of the Act.

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33
Q

What is always included in the Declaration of Condominium?

A. the percentage of ownership of common elements
B. the name of the original association incorporators
C. the name of the corporate registered agent
D. the percentage necessary to establish a quorum

A

A. the percentage of ownership of common elements

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34
Q

How many days after concluding a contract does a buyer of a timeshare have to cancel without any penalty or obligation?

A. 2 days
B. 5 days
C. 10 days
D. 30 days

A

C. 10 days

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35
Q

In accordance with part VII of chapter 468, Florida Statutes, an 80-unit homeowners’ association employs a maintenance coordinator who supervises the daily maintenance of the property. The maintenance coordinator

A. does not need to be licensed as a community association manager.
B. must be licensed as a community association manager.
C. must be bonded for a minimum of $20,000.
D. must be licensed as a community association manager and bonded for at least $20,000.

A

A. does not need to be licensed as a community association manager.

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36
Q

The notice of a new registered agent’s name and office must be filed by a condominium association with the

A. Department of Community Affairs
B. Department of Agriculture and Consumer Services
C. Department of State
D. Department of Business and Professional Regulations

A

C. Department of State

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37
Q

What form of insurance would condominium associations NOT purchase?

A. liability Insurance
B. hazard Insurance
C. performance bond
D. property damage

A

C. performance bond

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38
Q

Transfer of the control of the association of a cooperative apartment building from the developer to the owners takes place

A. when a majority of the owners vote to take control of the association
B. when the developer is no longer interested in serving on the board
C. when no units are being offered for sale in the ordinary course of business
D. when five percent of the units have been sold and closed

A

C. when no units are being offered for sale in the ordinary course of business

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39
Q

Which regulation provides the procedures for obtaining a community association manager’s license, standards of professional conduct and renewal provisions?
A. the Florida Business Corporation Act, Chapter 607, Florida Statutes
B. the Department of Business and Professional Regulation Statutes
C. the Florida Department of state Corporate regulations
D. the Florida Administrative Code and Chapter 468, Part VIII.

A

D. the Florida Administrative Code and Chapter 468, Part VIII.

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40
Q

Each person that is required to be covered by a fidelity bond in a cooperative association must be bonded for at least
A. the amount of money in the reserves.
B. the maximum total amount of money in the association account.
C. the amount of $10,000.
D. the maximum total amount of association outstanding bills.

A

B. the maximum total amount of money in the association account.

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41
Q

A condominium unit owner discovered water covering the floor of the entire unit. The source of the flood is a leak from the unit’s refrigerator. The damages should be covered by _______
A. the association’s fire and casualty insurance.
B. the association’s flood insurance.
C. the unit owner’s insurance.
D. the developer’s liability insurance.

A

C. the unit owner’s insurance.

42
Q

Who holds the responsibility to protect the condominium association’s assets through insurance?

A. president of the association
B. treasurer of the board
C. board of directors
D. association’s insurance agent

A

C. Board of directors

43
Q

Liability insurance coverage should be acquired and maintained by the board of a condominium association
A. in case the property is damaged by lightning.
B. in case someone is injured on the commonly-owned property.
C. in case of a hurricane.
D. in case of damage to vehicles on the premises.

A

B. in case someone is injured on the commonly-owned property.

44
Q

What is the correct terminology for the dollar amount an association or unit owner must pay before the insurance policy will cover for damages?
A. premium
B. rate adjustment
C. claim fee
D. deductible

A

D. deductible

45
Q

To cover insurance deductibles, a condominium association may obtain needed funds

A. according to the not-for-profit corporate law.
B. through personal loans.
C. from the reserve account of the roof repair.
D. with special assessments.

A

D. with special assessments.

46
Q

Where must an elevator certification of operation be noticeably posted in a community association?
A. in the association office
B. on the common property
C. close to the elevator
D. in the elevator

A

D. In the elevator

47
Q

A condominium unit owner received notice of the board’s intent to levy a fine for a violation. If the fine committee does

A. not agree with fine, the board may still choose to levy the fine.
B. not agree with the fine, the fine cannot be levied.
C. agree with the fine, the fine may be increased by the board.
D. agree with the fine, the board may record a lien against the unit.

A

B. not agree with the fine, the fine cannot be levied.

48
Q

Per the Condominium Act, how much can an association charge for transfer fees?

A. $75
B. $50
C. $125
D. $100

A

D. $100

49
Q

A party is suing an association to abide by the Condominium Act. In a mediation or arbitration action, the winning party is

A. entitled to recover all monies spent on the legal action.
B. entitled to recover the costs of the arbitration and reasonable attorney fees.
C. NOT entitled to recover costs other than reasonable attorney’s fees.
D. NOT entitled to recover reasonable attorney’s fees.

A

B. entitled to recover the costs of the arbitration and reasonable attorney fees.

50
Q

If a timeshare owner neglects to pay delinquent assessments, the association may forbid the owner from

A. using the common facilities.
B. voting on any association matters.
C. selling the timeshare.
D. occupying or exchanging his/her interest in the unit.

A

D. occupying or exchanging his/her interest in the unit.

51
Q

A condominium unit owner leases his unit from January through April. The lessee has reserved the BBQ area to host a special event in March. The unit owner also wants to use the BBQ area the same day. Can the unit owner and the lessee both have their event at the BBQ area?
A. No, when his/her unit is rented, the unit owner’s rights to use the common elements are transferred to the tenant.
B. Yes, a unit owner always has the right to use common elements.
C. No, while the unit is leased, the lessee has the rights of a guest.
D. Yes, while the unit is leased, both the lessee and the unit owner have the same rights.

A

A. No, when his/her unit is rented, the unit owner’s rights to use the common elements are transferred to the tenant.

52
Q

If a unit owner is more than 90 days overdue in paying assessments, the condominium association may withhold from the owner the right to
A. attend meetings of the board.
B. vote at the annual meeting.
C. obtain utility services to the unit.
D. park in his assigned parking.

A

B. vote at the annual meeting.

53
Q

The budget of the Division of Condominiums, Timeshares and Mobile homes is partly funded by

A. taxes on the sale of each regulated unit.
B. annual fees on each regulated unit.
C. fees, fines, penalties and court costs.
D. taxes levied on each regulated unit owner’s income.

A

C. Fees, fines, penalties and court costs

54
Q

In a condominium, the rights and obligations implicit to the ownership of a unit are
A. appurtenances to the unit.
B. shared between the owner and the lessee.
C. only binding on the occupant of the unit.
D. binding the owner, but not the lessee.

A

A. appurtenances to the unit.

55
Q

In handling an insurance claim in which property damages are substantial, who is the LEAST likely person for the board to contact first?

A. the community manager
B. the association’s attorney.
C. the insurance agent.
D. the original developer.

A

D. the original developer.

56
Q

In a condominium association, at the moment of turnover of control from the developer to the unit owners, statutory warranties
A. cease as stated in chapter 720, Florida Statutes.
B. continue as stated in chapter 718, Florida Statutes.
C. cease after a period of 10 years.
D. continue for a period of 15 years.

A

B. continue as stated in chapter 718, Florida Statutes.

57
Q

While applying pesticides to the landscaped areas of the premises, a community manager was asked by a few residents to treat their units as well. The manager

A. should decline to treat the unit.
B. may do so if licensed by the department of business and
Professional regulation.
C. should require a payment for the treatment.
D. may do so if licensed by the Department of health.

A

A. should decline to treat the unit.

58
Q

A homeowners’ association board must get competitive bids for contracts which will cost more than

A. 5% of the total annual budget of the association.
B. 5% of the annual budget not including the reserves.
C. 10% of the total annual budget of the association including reserves.
D. 10% of the annual budget not including reserves.

A

C. 10% of the total annual budget of the association including reserves.

59
Q

If fining is stipulated in the condominium governing documents, what is the maximum fine per violation that can be imposed against a condominium unit?

A. $75
B. $100
C. $150
D. $200

A

B. $100

60
Q

The intent of a special meeting of the association must be

A. to fill the expiring terms of the officers.
B. limited and must be set out in the notice.
C. to provide an opportunity for the members to review affairs.
D. established in the bylaws with a date and time.

A

B. limited and must be set out in the notice.

61
Q

How may the requirements for reviewed, compiled or audited financial statements be annually waived in a condominium?
A. by 20% of the voting interests present at a duly held meeting
B. by a majority of the board of directors
C. by whatever percentage is specified in the declaration of the condominium
D. by a majority vote at a duly called membership meeting.

A

D. by a majority vote at a duly called membership meeting.

62
Q

After receiving a request for budget reconsideration, how many days does the board of a condominium have to conduct a special meeting of the unit owners?

A. 14
B. 21
C. 30
D. 60

A

D. 60

63
Q

A condominium’s accounting records created in 2021 must be maintained until at least

A. 2022
B. 2024
C. 2028
D. 2030

A

C. 2028

64
Q

If provided for in the governing documents, when an owner of a condominium unit is over 30 days late in paying an assessment, the association has the power to ________
A. deny the owner access to the pool until the assessment is paid.
B. withhold voting rights from the owner until the assessment is paid.
C. levy a late fee not to exceed the greater of $25.00 or 5% of each delinquent assessment.
D. levy a fine of up to $100 against the owner.

A

C. levy a late fee not to exceed the greater of $25.00 or 5% of each delinquent assessment.

65
Q

A corporation began conducting official operations on July 15 of this year. What is the deadline for filing an annual report with the Department of State?

A. December 31 of this year
B. January 1 of next year
C. May 1 of next year
D. December 31 of next year

A

C. May 1 of next year

66
Q

If NOT approved by a majority vote at a duly called meeting of the association, reserve accounts may be utilized for

A. temporary shortages in operating funds.
B. any purpose approved by the board of directors.
C. non-funded reserve emergencies.
D. only those purposes for which the reserves were funded.

A

D. only those purposes for which the reserves were funded.

67
Q

A valid claim of lien on a condominium unit must provide the
__________.
A. legal description of the property, assessment amount and date due, proposed date for foreclosure and signature of an agent of the association.
B. name of the owner of the unit, assessment amount and due date and proposed date for “foreclosure.”
C. legal description of the property, name of the owner, assessment amount and date due, and signature of an agent of the association.
D. Signature of the legal representative of the owners’ association and signature of an agent of the association.

A

C. legal description of the property, name of the owner, assessment amount and date due, and signature of an agent of the association.

68
Q

The Board of Directors at Allington Condominium Association proposed a budget for the coming year that is 200% of the assessment from the previous year. To calculate if the members of the association can petition for reconsideration of the budget, which item should NOT be included to establish the percentage of increase?

A. recurring legal expenses
B. utilities
C. reserves for repair and replacement
D. cleaning products

A

C. reserves for repair and replacement

69
Q

Reserve cash accounts in condominium associations are funded

A. no less than annually.
B. semi-annually, unless otherwise provided by the document.
C. at the same frequency the assessments are due.
D. within one week of assessment collection.

A

C. at the same frequency the assessments are due.

70
Q

For cooperatives and condominiums, which items are required for the reserve funds?
A. water charges, cable charges, roof replacements
B. building painting, pavement resurfacing, roof replacement
C. water charges, wiring replacements, pavement resurfacing
D. building painting, wiring replacement

A

B. building painting, pavement resurfacing, roof replacement

71
Q

An association has two low-rise buildings, three tower buildings (all buildings created as separate condominiums) and a group of eight villas created as a separate single condominium. According to the Condominium Act, how many budgets are required for the subject community?

A. one for the low rises, one for towers, and one for the villas
B. one budget to cover all units and one budget for the association
C. one budget for the association and additional budgets for each condominium operated by the association
D. one for each separate condominium operated by the association

A

C. one budget for the association and additional budgets for each condominium operated by the association

72
Q

In a condominium’s proposed budget, which expense item should be provided in the operating section instead of the reserve section?

A. roof replacement
B. exterior painting
C. pavement resurfacing
D. contingency funds

A

D. contingency funds

73
Q

A community association formed as a not-for-profit corporation is _________
A. required to file an annual income tax return.
B. required to file an income tax return once every five years.
C. exempt from paying any taxes.
D. exempt from the filing of an annual income tax return.

A

A. required to file an annual income tax return.

74
Q

In condominiums, approval to use reserve funds for expenses other than initially intended requires approval of ________.
A. 67% of the total voting interests, at a duly held meeting.
B. the board of directors at a properly noticed meeting.
C. 1/2 of the voting interests in the project.
D. a majority vote at a duly called meeting of the association.

A

D. a majority vote at a duly called meeting of the association.

75
Q

Condominium unit owners’ assessments must be collected at least every

A. months.
B. three months.
C. six months.
D. year.

A

B. three months

76
Q

In a condominium, any interest accruing on reserve funds must
_________.
A. be used to help fund the operating budget unless its use for other purposes is approved in advance by a vote of the majority of the members.
B. be used to fund the costs of non-recurring expenses only upon approval by the board.
C. remain in reserve accounts for authorized expenditures, unless its use for other purposes is approved by a vote of the majority of the votes cast at a duly called meeting of the association.
D. remain in the reserve account, from which it cannot be removed.

A

C. remain in reserve accounts for authorized expenditures, unless its use for other purposes is approved by a vote of the majority of the votes cast at a duly called meeting of the association.

77
Q

In a condominium association, what dictates whether the budget is adopted by a vote of the members or by the board of directors?
A. the governing documents
B. Florida Statutes
C. generally accepted accounting practices
D. Florida Administrative Code

A

A. the governing documents

78
Q

In condominium associations, a notice of a budget meeting must include a copy of

A. depreciation schedule of commonly owned property.
B. computation of reserve funding amounts.
C. the proposed budget.
D. schedule of contracts and commitments.

A

C. the proposed budget.

79
Q

As per the Florida Administrative Code, which of the following is NOT required on a meeting agenda?

A. time, date and location of the meeting
B. topics to be voted on or discussed at the meeting
C. full disclosure of management and financial reports
D. a space for adjournment time

A

C. full disclosure of management and financial reports

80
Q

Email may be used as a means of communication by board members,

A. and they may conduct all association business via email.
B. but the emails are not official records.
C. but they cannot vote by email.
D. but only during business hours.

A

C. but they cannot vote by email.

81
Q

In condominium, a limited proxy is a document that is provided for

A. the election of the officers of the association.
B. voters in attendance at the meeting.
C. a specific voting purpose.
D. noticing the meeting of the association.

A

C. a specific voting purpose.

82
Q

An election can be rendered null and void in a Condominium association if ballots

A. are uniform.
B. do not include biographies of the candidates.
C. fail to identify incumbents.
D. do not contain a signature line and unit identification number.

A

D. do not contain a signature line and unit identification number.

83
Q

Which official records are NOT required for inspection in a condominium or cooperative association?

A. bylaws of the association
B. roster of owners with current addresses
C. proxies relating to most recent election meeting
D. criminal background check of residents

A

D. criminal background check of residents

84
Q

A 50-unit condominium had a total of $275,000 in annual revenues. Unless waived, what type of financial statement must be provided to the members?
A. reported
B. reviewed
C. compiled
D. audited

A

C. compiled

85
Q

When preparing their new annual budget, the board of directors of a condominium containing two buildings estimates the cost of replacing the roof of each building at $7,000. A reserve line category for roofs in this association’s budget

A. may be omitted altogether if each building’s roof is treated as a separate item because reserve items costing less than $10,000 do not need to be included in reserves.
B. must be included, because roof replacement is a mandatory reserve item, but the budget must show the cost of each roof separately.
C. must be included because roof replacement is a mandatory reserve item, regardless of cost, and may either combine the costs of the roofs of the two buildings or list them separately.
D. may be omitted altogether, regardless of whether each building roof is shown separately, because the association members have always voted to waive the funding of roof reserves.

A

C. must be included because roof replacement is a mandatory reserve item, regardless of cost, and may either combine the costs of the roofs of the two buildings or list them separately.

86
Q

A unit owner gives a proxy to a friend for a January 30th meeting. The proxy is signed and dated on January 16. On January 30th the unit owner who gave the proxy appears at the meeting to vote as well as the proxy holder. Who has priority in casting the vote for the unit for which the proxy was given?

A. neither one
B. the unit owner
C. the proxy holder
D. the association secretary

A

B. the unit owner

87
Q

The board of a condominium has been operating with five members to date but wishes to increase to seven members. The governing documents stipulate for not less than 3 and not more than 7 directors. This decision to increase to 7 board members should be made by a vote of the

A. board of directors at a meeting prior to the annual election meeting.
B. board of directors at the annual election meeting.
C. members of the association at a meeting prior to the annual election meeting.
D. members of the association at the annual meeting.

A

A. board of directors at a meeting prior to the annual election meeting.

88
Q

The chair of the financial committee of an association managed to borrow funds from a local bank to pay for improving the gym. The chairperson had the right to commit to this loan on behalf of the association

A. as the financial committee chairperson.
B. as a unit owner representing the association.
C. only with the approval of board of the directors.
D. only as a member of the board of directors.

A

C. only with the approval of board of the directors.

89
Q

Unit owners of a condominium or cooperative do NOT have the right to _____.
A. speak at committee meetings on agenda items.
B. determine the frequency and length of their comments on agenda items.
C. attend noticed committee meetings.
D. tape record or videotape committee meetings.

A

B. determine the frequency and length of their comments on agenda items.

90
Q

Owners of a condominium may cancel a contract made by a developer prior to turnover of control by a vote of ______.
A. 66% of the board members.
B. 75% of the board members.
C. 66% of the voting interests in the condominium.
D. 75% of the voting interests in the condominium.

A

D. 75% of the voting interests in the condominium.

91
Q

In condominiums, the second notice of the annual meeting must be mailed to each owner at least how many days prior to the date of the meeting?
A. 14
B. 30
C. 40
D. 60

A

A. 14

92
Q

A condominium or cooperative board of directors may NOT create a committee
A. to sign in the owners at the time of the election.
B. to nominate candidates for the board of directors.
C. to copy and email the meeting notices.
D. to assist in counting ballots during an election of board members.

A

B. to nominate candidates for the board of directors.

93
Q

First notice of the annual election of a condominium board of directors must be mailed or delivered to all owners not less than

A. 14 days before the scheduled election.
B. 30 days before the scheduled election.
C. 40 days before the scheduled election.
D. 60 days before the scheduled election.

A

D. 60 days before the scheduled election.

94
Q

Any director, officer or manager, who knowingly solicits or accepts anything of value from any person providing or proposing to provide goods or services to the condominium association is subject to

A. assignment to community service.
B. a possible criminal penalty.
C. judicial censure.
D. an association fine.

A

B. a possible criminal penalty.

95
Q

In a cooperative association, a board member resigned after serving for two months. The next annual meeting is in ten months. Which is a correct option for handling this vacancy?

A. The association may request that the nominating committee elect a new member.
B. The vacancy cannot be filed until the next annual meeting.
C. The remaining board members may appointment a replacement.
D. The Division of Condominiums, timeshares and Mobile Homes will appoint a replacement.

A

C. The remaining board members may appointment a replacement.

96
Q

After getting a written request from an owner, a condominium’s, HOA’s or cooperative’s official records must be made available within
A. 5 days
B. 7 days
C. 10 days
D. 14 days

A

C. 10 days

97
Q

What is the maximum number of consecutive years a condominium board member may serve on the board, unless approved the membership?
A. 4
B. 8
C. 10
D. 20

A

B. 8

98
Q

According to Florida Statutes, what alternative does a Homeowners’ Association whose membership exceeds 100 members have to giving notice of a board meeting?
A. posting the notice 24 hours in advance of the meeting
B. waiving the board notice under emergency conditions
C. mailing the notice at least 48 hours prior to the board meeting
D. providing a predetermined schedule of board meetings

A

D. providing a predetermined schedule of board meetings

99
Q

A new matter arises at a condominium association board meeting. The topic is not an emergency and is not listed on the agenda for that meeting. When should the board of directors take action on this new matter?
A. at this meeting if none of the directors or unit owners object
B. at this meeting if the action is approved unanimously by the directors present
C. at this meeting as long as the action does not affect assessments
D.at a subsequent board meeting with the matter on the agenda

A

D.at a subsequent board meeting with the matter on the agenda

100
Q

An absent member of the board of directors of a condominium or cooperative association may take part in a meeting by telephone, and that member’s vote is valid if

A. the vote is not on a budget matter.
B. a telephone speaker is used.
C. the member is not a board officer.
D. the subject vote does not change the result.

A

B. a telephone speaker is used.

CAM License Questions (1 decks)

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