Test questions Flashcards by Lisa F

Henry plays poker with 4 other unit owners every Thursday in the HOA Card room. they smoke cigars while they plan. some owners have complained that the smell lingers and have asked the board to establish a no-smoking policy. The Board:

A. should install smokeless ashtrays to better contain the odors.
B. should have its janitorial staff assigned to an early shift to clean and deodorize the room.
C. should no longer permit poker playing in the room.
D. Should post “no smoking” signs and inform Henry and guests that they may no longer smoke in the room

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The documents of ABC condo Association do not require reserves. The proposed budget …

A. Must at a minimum include statutory reserves

B. is only required to include reserved if the majority of members vote in favor of reserves

C. CANNOT create reserves

D. may be approved without reserves

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All of the following categories of expenditures are required to be included in a condo budget EXCEPT:

A. insurance

B. reserves

C. estimated common expenses

D. professional fees

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Verdana oaks community is comprised of two low rises, each with an association, 2 towers with one association and 10 villas in 1 association. how many total associations are located in verdana Oaks?

A. 7

B. 6

C. 5

D. 4

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The board of directors of Netherworld cooperative have scheduled a meeting to approve next year’s budget. The members must receive notice how far in advance of the meeting?

a. 60 days
b. 30 days
c. 14 days
d. 48 hours

C - 14 days

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Universal Condo Association has an annual budget of $175,000 plus $25,000 for reserves. The board is considering an expenditure of $7,800 for roof repairs based on a bid from Do-Rite roofing. Is the board required to obtain other bids before awarding the contract?

a. Yes, because the expenditure is a major repair

b. No, because the expenditure is less than 5% of $200,000

c. yes because two or more bids are required for all repair expenditures

D. No, because more than 1 bid is NEVER required according to Chapter 718 F.S.

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Ned is a condo owner who has leased his unit from January 1 - March 31. Under what condition does Ned have the right to use the fitness center while the property is rented.

A. None; it is not allowed under any circumstances

B. Ned may use the facilities as a guest.

C., Ned may use the facilities if he prohibits the tenant from using the fitness center.

D. Ned must purchase an additional share of stock in order to use the fitness Center

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At the regular board meeting of an HOA, owner Mr. X asked to speak about an agenda item. The president of the board refused to recognize the owner. which of the following is TRUE of the president’s action?

A. It was acceptable because an HOA board is not required to allow a member to speak under this circumstance.

B. It was a violation of the president’s fiduciary duty and may be fined by the DBPR

C. the entire board is culpable for the president’s action.

D. It was acceptable ONLY if there is a sign posted explaining the Board’s policy on members speaking at it’s meetings.

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Officers of a community association are usually

A. Elected at the annual meeting
B. Elected by the election committee
C. appointed by the chairman of the board
d. Elected by the board of directors

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Condominiums not operating as public lodgings are exempt from the statutory pool supervision requirements if the pool serves

A. Less than 90 people
B. Less than 50 units
C. 32 units or less
D. More than 32 units.

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Community Associaiton charges a late fee for delinquent assessments paid after the 10th of the month. What is the maximum late feel that can be charged?

A. there is no maximum
B. $25 or 5% of the past due amount, whichever is greater.
C. $50
D. $10 per day after the 15th of the month.

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Owner Max has violated the condo bylaws. the association has the power to seek enforcement

A. By action through the Florida circuit court
B. By ordering the division to foreclose on Max’s unit.
C. by revoking Max’s voting rights
D. By locking Max out of his unit

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The developer-controlled HOA board did NOT establish reserve accounts. after transition, the newly elected board has recognized the need for reserve funds for long-term maintenance and replacement of roads, parking areas and swimming pools. Which of the following is correct?

A. In order to create reserve accounts, a majority of the entire membership must approve specific reserve components and they must be included in next year’s budget.
B. The board may initiate the reserve accounts by majority vote.
C. The officers have the power to increase assessments without specifying individual components
D. Since the developer did not have reserves, there can never be reserves.

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A board member disagrees with a vote of the board to change a rule. After the final vote, the member makes a motion to modify the rule. which of the following is TRUE?

A. the motion, if seconded, must be put to a vote.
B. the board is required to consider the motion.
C. The motion is out of order and may be dismissed.
D. The modification must be allowed

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Which of the following may the board use to fulfill its obligation to prove delivery of notice for an association membership meeting?

A. An officer may sign an affidavit attesting to the delivery process.
B. The secretary my note the delivery process in the minutes.
C. Any member may attest to the mailing process as long as there are two witnesses
C. The Division must issue a certificate of compliance.

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A condo association has receipts of $245,000 per year. Unless waived the board must make which type of financial statements available?

A. Compiled
B. Audited
C. Revised
D. Reviewed

A. Compiled
$150,000 to$300,000

$300 to $500 - review
over $500 audit

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Approval of a material alteration to or substantial addition to common elements requires:

A. Approval by a majority of members present at a meeting.
B. Approval by 75% of the membership
C. Approval by 100% of the owners and lien holders
D. Approval by a majority of the membership

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Which of the following is NOT a reserve item?

A Roof replacement 45,000
B. Exterior paint
C. Pool pump replacement
D. Insurance Premiium

reserve is for deferred maintenance!

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The membership has petitioned the Baord to reconsider the budget adopted on April 1. the Board MUST hold a special meeting of the membership no later than

A. april 15
B. May 1
C. May 30
D. July 1

A - 14 days

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Condo owner Mary returned from vacation and found a pinhole leak in the sink has damaged the carpeting and appliances in her unit. which of the following is TRUE of the cost of repairs?

A The board will reimburse the costs
B. The assocation membership may vote to cover the costs.
C. Mary or her insurance company will may for the damage.
D. the cost of repairs may be paid out of association reserves.

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A gourmet restaurant is opening in the common elements on the top floor of a condo. Installation of ramps, handrails and accessible restrooms are the responsibility of

A. The assocaition
B. The restaurant owner
C. No one because the restaurant is located in the common elements.
D. The Department of Housing and Urban Development.

Assoc and restaurant would share the cost of the elevator upgrade

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A non-compensated board member may accept a kickback from:

A. a landscape contractor
B the community association manager
C Another board member
D A trade fair or educational event

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A non-compensated board member who receives a kickback from someone providing services to the association may be penalized by

A. being “locked out” of the board members unit.
B. A civil penalty
C Automatic removal by the board
D. Removal of common element privileges

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Which of the following is NOT TRUE of each director’s and officer’s fiduciary relationship to the members of the association?

A. A director has statutory but NO fiduciary obligations to the association.
B. A director may be removed for failure to perform fiduciary obligations.
C. A director may be fined under Chapter 468 F.s.
D. A director’s fiduciary responsibilities can not be terminated under any circumstances

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The sale and management of timeshares is regulated under Florida Statutes:

F.S. 721 | can be either a condo or COOP

Which of the following is TRUE of a timeshare? A. each month represents a 1/12 fractional interest in the unit. B. Condo timeshares may be created at any time, regardless of whether timeshares are authorized in the declarataion. C. Timeshare purchasers have a statutory 10-day right of recission. D. A timeshare owner late in payment assessments MAY NOT be barred from transferring the timeshare unit.

The only condition under which timeshares could be allowed in a condo is if: A. Approved by a majority of unit owners. B. Timeshares are authorized in the declaration C. A majority of directors vote in favor. D. Petitioned by at least 10% of unit owners

A timeshare owner is late in paying assessments. As punishment the directors MAY: A. Sell the timeshare interest and apply the proceeds to the owner's assessments. B. Foreclose within 30 days. C. Refuse occupancy or transfer of the timeshare interest. D. Fine the owner up to $5,000

The developer of a COOP must turn over control of the association no later than: A. the date on which the majority of owners vote in favor of the turnover. B. three months after 90% of the units have been conveyed to purchasers. C. Three years after 10% of the units have been conveyed to purchasers D. ten years after creation of the coop association.

At a duly noticed and conducted meeting, members voted for the removal of a director. the removal takes effect: A. immediately B. in 2 days C. in 3 days D. in 7 days.

All of the following are requirements of agreements for operation, maintenance or management of condominiums EXCEPT: A. the contract must specify the services, obligations and responsibility to the unit owners. B. The contract must specify the minimum number of personnel to be employed to provide the services. C. The contract must disclose any financial or ownership interest a board member or developer holds in the contracting company D. The contract term may not exceed a maximum term of one year.

Accounting records from2009 must be kept until: A. 2010 B. 2012 C. 2014 D. 2016

D - 7 years

An individual who is being paid to coordinate and supervise maintenance on behalf of an association : A. must be licensed until Chapter 468 F.S. B. must be a certified maintenance manager C. is NOT required to be licensed or certified. D. must be a licensed supervisor

The netherworld condo board adopted budget, including reserves, is 200% greater than last year. which of the following is true of the owner's right to petition for reconsideration? A A majority of owners must sign a petition. B. The owners never have the right to petition for reconsideration C. owners may petition only if the new assessments excluding reserves are in excess of 115% of the previous year. D. 100% of the voting interest must petition for reconsideration.

The condo developer entered into a maintenance contract before turnover. what vote is required in order to cancel the contract. A. 67% of unit owners, including the developer. B. 75% of non-developer unit owners. C. A majority of a quorum D. a majority of directors

The board of directors of happy homeowners association has noted that there is a conflict between some of the governing documents. which document has the highest priority? a. Bylaws. B. Declaration of covenants A. Articles of incorporation D. rules and regulations

The right to occupy a cooperative unit is evidenced by a proprietary lease and what document that proves an ownership interest in the association. A. Deed B. rental agreement c. life estate D. stock in the association.

A board member who is 90 days delinquent in paying fees or regular assessments may be A. Restricted from using the common elements. B. removed from the board. C. restricted from voting his or her share D. Restricted from renting his or her unit

When are two or more competitive bids required? A When the total cost exceeds 5% of the total budget excluding reserves B When the total cost exceeds 10% of the total budget excluding reserves C. When the total cost is more than $1000 D When the total cost exceeds 5% in a condo or coop or 10% in a homeowners association, of the total budget including reserves.

Rose COOP has delivered the first notice of election as prescribed by Chapter 719 F.S. How many days prior to the election must the second notice be delivered A 14 days B 30 days C 45 days D 60 days

Board terms expire A On July 1 B On december 31 C At the end of the annual meeting D At the end of the association's fiscal year.

Which of the following is TRUE of enforcement of governing documents? A. The maximum fine is $100 per day not to exceed $1000 B. fines are enforced by the DBPR under chapter 617 F.S. C. Condo and coop associations may take away the violator's voting rights or the right to use common elements. D. Action to enforce the governing documentation MUST be taken through the department of Condos

Members of all community associations have the right to attend committee meetings. In addition, which of the following is TRUE? A. Condo and Coops do NOT allow participation B. HOA must allow participation C. Attendees MAY NOT allow videotape or recording of the meeting. D. Condo and Coop members are allowed to speak on any agenda item.

Official documents of the association include all of the following EXCEPT A. meeting minutes, when approved, signed and dated. B. Unit lease, sale and transfer information C. association insurance policies D. competitive bids

Changes to the registered office or registered agent must be reported to the A. State's attorney B. Dept of Condos and Coops C. Department of State D. Association council

A 200 unit building with budget revenues of $175000, unless waived, must have which type of financial report? A. Compiled B. certified C. Review D. Audited

A 300 unit building has a $253,000 budget. Unless waived, the financial reports must be A. Cash basis B. reviewed C. compiled D. Chartered

Which of the following is TRUE of rights in a condo or coop A. Voting rights are an appurtenance that cannot be taken away. B. The board of directors may deny a delinquent member's right to vote. C. A member whose assessment are delinquent may NEVER be barred from using the common elements. D. The board my impose a fine without a hearing.

Condo and coop assessments MUST be collected at least A. Monthly B. semi-annually C. quarterly D. annually

A claim of lien terminates at the end of A. One month B. One quarter C. Six months D. Twelve months

The outer #10 envelope for voting must include the member's A. Address B. Unit number and signature C. Social security number D. prefered candidate

A corporation not-for-profit MUST A. have at least 5 directors B. file but not pay income tax C. file pay and pay income tax D. employ union labor

The minimum number of members entitled to vote who must be present, in person or by proxy, in order to conduct the business of that group is: A. Quorum B. cooperative c. warranty d. assessment

The association member Mr. Jones, has been given authority to member Mr. James, to cast a specific vote on a specific matter on behalf of Mr. Jones. Mr. Jones granted Mr. James a A. quorum B. limited proxy C. general proxy D. Absentee ballot

A condo or coop owner is entitled to speak at a committee meeting regarding A. items on the agenda only B. any item whether on the agenda or not C. A pending lawsuit D. Obtaining legal advice.

Each not-for-profit association must appoint a person in Florida to receive formal service of legal documentation. That person is the association's A. President B. chief executive officer C. Chairman of the Board D. Registered officer

A member's authorized agent has requested information from the board. there is a penalty of $50 per day up to a maximum of $500 if the information is not delivered within A. 5 days B. 7 days C. 10 days D. 30 days

A board member of X coop who is recalled must return records and documents to the board A. immediately B. within 3 days (72 hours) C. within 4 days D. within 5 days

Removal of a board member elected by the membership requires: A. a majority of board members at a special meeting. B. A majority of voting interests at a special meeting. C. unanimous approval by the officers at a closed meeting. D. approval from the clerk of court

A director wrote a resignation letter to the board of November 1 stating that the resignation would be effective on November 20h. the board received the letter on November 3rd. The resignation is effective A. November 1 B. November 3 C. November 20 D. Upon adjournment of the next annual meeting.

Members must be provided a written notice of any membership meeting and the board must retain a record. Which of the following serves as satisfactory proof that the notice was property delivered. A. Affidavit or notice signed by an officer B. Copy of the mailing list C. Photo of the posted notice D. Affidavit of notice signed by any board member

An association swimming pool is not attended and secured with a solar cover connected by hooks. which of the following is TRUE A. The pool cover must be removed when the pool is open. B. The pool cover is in violation of Chapter 504 C. If the pool serves more than 100 condo or coop units, the cover cannot be connected by hooks. D. The pool cover may remain in place when the pool is open.

The board has scheduled a meeting to discuss levying a special assessment at 5 pm Sunday. Which of the following is true of the meeting notice: A. Notice must be delivered to members and posted conspicuously by 5 pm 14 days in advance of the meeeting. B. No notice is required because it is a board meeting. C. Notice must be posted no later than 5 pm on the day before the meeting. D. Notice must be hand-delievered tgo all members

Chapter 468 empowers the Division to do which of the following to punish an offending officer A. Apprehend B. Arrest C. Place on probation D. Issue a fine not to exceed $5000

The membership may petition for reconsideration if the budget calls for new assessments for operating expenses in excess of which percentage of the previous year? A. 115% including reserves B. 115% excluding reserves C. 120% excluding reserves D. 120% including reserves

If a membership petitions for budget reconsideration, a special meeting must be held within how many days A. 30 days B. 45 days C. 60 days D. 90 days

A - 30 days

A community or cooperative association may charge a maximum transfer fee of how much? A. $200 B. $250 C. $100 D. $50

A community association may charge a maximum rental security deposit of A. One month's rent B. $1000 C. $100 D. There is no maximum

The security guard must A. Display a visible name tag B. Wear a uniform with the security company emblem C. Wear a lanyard displaying a photo ID D. display a copy of a Class C license

While an employee is applying pesticides in the common areas, a unit owner asks him to apply pesticides in her unit. Which of the following is true: A. The employee must comply with the request. B. The employee may apply pesticides in the unit if approved by the community association manager. C. The employee must decline D. the employee may not apply pesticides anywhere.

An HOA's election dispute is resolved by: A. Non-binding arbitration B. mediation C. litigation d. binding arbitration thorugh DBPR

An owner approached a tow truck in the process of loading their car parked in a tow away zone. Which of the following is true: A. The car must be unloaded from the truck upon payment of a reasonable fee. B. The car may be removed from the premises and taken to an undisclosed location. C. there is no law related to this situation D. The owner CANNOT stop the removal under any circumstances.

A coop member has a 40 lb dog in a building that limits the size of dogs to a maximum of 15 lbs. the member refuses to comply with the rules. the association has asked the Division's advice. the division will inform the board that they are required to settle the dispute through A. binding arbitration through the DBPR B. mandatory non-binding arbitration C. mediation D. litigation

The condo board has recommended a fine but the fine committee of owners has determined that there should be no fine. Under these circumstances which of the following is true? A. The committee can overrule the board. B. the fine stands C. The board cannot impose a fine under any circumstances D. Chapter 718 prohibits creation of a fine committee.

Which of the following is TRUE of interest on reserves? A The interest is common surplus and must be returned to the owners B. The interest must stay in the reserve account unless approved in advance to be placed elsewhere C. The interest may be used to pay operating expenses D. reserve accounts cannot be interest-bearing

A condo has recently been turned over by the developer. The developer owns 5 units. which of the following is TRUE A. the developer must transfer the remaining units to the association B. during the developer warranty period the developer must pay assessments. C. Upon transition, during the developer warranty period, there are no assessments charged on the developer's units. D. the developer is never required to pay assessments on developer-owner units

After a final vote, a condominium member wants to keep discussing an item that was on the agenda. Which of the following is true. A. the board must allow the discussion to continue B. Members of a condo NEVER have the right to discuss items at a meeting. C. Discussion can continue but only for 3 minutes D Further discussion is out of order.

A condo or coop committee is empowered to A. Limit an owner's statements in duration manner and frequency. B. Order discontinuation of utility services if a member is delinquent. C. Alter the size of a unit. D. Refuse to allow a disgruntled member to speak at a committee meeting regarding items on the agenda

Reserves are collected A. bienially B. with each assessment C. once a year D. Separately from regular assessments

The DPBR has which of the following powers to penalize a board member? A Fine a board member up to $10,000 B. Apprehend and arrest a board member C. Foreclose on he board member's property D. Fine a board member up to $5,000

Community Association Managers (CAM) are regulated under A. F.S. Chapter 475 plus Chapter 612 FAC B. FS Chapter 617 not for profit corporations. C. FL administrative code plus part VIII chapter 468 F.S. D. The real estate settlement procedures act (respa)

Unless otherwise specified in the documents, a 50 unit condo must have at least how many members A. 5 B. 7 C. 9 D. 11

Which is true of the requirement for formal accounting using complied, review or audited financial reports? A. It may never be waived B. It may be waived by a vote of a majority of members at a meeting C. it may be waived by the DBPR D It may be permanently waived by vote of the board of directors.

Notice of an election to elect the first board after developer transition must be delivered A. 14 days in advance B. 40 days in advance C. 48 hours in advance D. 60 days in advance

Fidelity bonds cover all persons who control or disburse funds of the association. The coverage must be in the amount of A. The average funds that will be in the custody of the association during the fiscal year B. The total amount of funds that will be collected by the association during the budget period. C. The maximum funds that will be in the custody of the assocaition at any one time. D. The average reserve balance.

A valid proxy is effective only for the specific meeting for which it was originally given and any lawfully adjourned meetings within how long after the first meeting is adjourned. A 180 days B 90 days C 60 days D 30 days

Which document authorizes someone, at a specific meeting , to vote on one specific item. A Limited proxy B General proxy C limited quorum D General power of attorney

A director has an obligation to discharge his or her duties as a director with due care and in the best interests of the corporation. this relationship is called A. A fiduciary relationship B a proxy relationship C an exemplary relationship D A defeasance relationship

The rights to use the common areas, membership rights and voting rights that attach to and run with ownership are collectively referred to as A covenants B declarations C situs D appurtenances

To be valid, a claim of lien must state the description of the parcel, the name of the record owner, the name and address of the association, the amount due, the due dates, and must be executed by A the chair of the convenants committee B any board member C An officer of the board of directors D The presidents, secretary and treasurer of the board.

A not for profit association was incorporated on June 1. the first annual report is required to be delivered to the department of state no later than A next May 1 B next January 1 C Next December 31 D. next march 31

The association had named-peril coverage for fire and lightening. A strong wind blew down a tree that caused substantial damage. which of the following is TRUE A the damage is NOT covered because windstorm is never covered B the damage is not covered because windstorm is not a named peril C the damage is covered because lightening coverage includes damage from wind. D The damage is covered because the policy was all-risk coverage.

The association is faced with a major disaster. consultation regarding filing a claim should include A. board members, association attorney and insurance agent. B board members only to maintain confidentiality C a quorum of the owners or authorized proxies D The president and insurance agent.

An HOA of 500 units wants to add a tot lot for kids using excess funds from a special assessment. A. they can do it with the approval of 50% +1 total voting members B. Excess special assessment funds must be returned to owners C. the HOA act only allows special assessment funds to be used for repairs and rehab. D. The HOA will need to review its documents to figure out how to make a material alteration

Which statement is NOT TRUE related to member access to official records? A An association must make official records available to members for inspection or photocopying within 45 miles of the community association or within the COUNTRY/COUNTY in which the association is located.

A - watch country vs county for true/false

Mary owns a condo. She paid to have an oak tree on association property cut down. she claimed it was diseased. The Board should A. Do nothing. B. file a request with the DBPR for binding arbitation C. file a request for mediation or non-binding arbitration D File for presuit mediation and provide the names of 5 mediators.

Lisa got her CAM license 5 years ago. To keep it valid what does she need to do A. 4 hours of physical property instruction by September 30th B. Complete 3 hours of legal update instruction for the two-year re-licensure period. C. Complete 2 hours of HR and 2 hrs of finance by sept 30 D. complete 15 hours of continuing education

Which of the following is NOT TRUE of the cnstruction lien act A It protects the contractor B it protects the association C it protects architects, engineer and interior designers D. It protects people who perform labor or services

George owns a townhome in an HOA. he wants to put a blue shed in the back of the unit. The HOA documents are silent A the board can't make new rules B the board can only pass rules that George's shed is the same as others in the neighborhood C The board can require George to get the necessary permits for the shed D The board can define placement and color of any exterior structure on an owners lot.

A Coop wants to hire a paid manager. The manager needs to be licensed under Chapter 468 Part VIII if the budget of the association exceeds _____________ or if the Coop has more than _________ units A $125,000 100 B $100,000 50 C $100,000 10 D $50,000 10

C Budget of $100,000 More than 10 units

Which of the following is true of the minimum level annual financial report required by a community association? A. audit if revenue is over $300,000 b Compilation is revenue is between $150,000 and $300,000 C Cash receipts if annual revenus is less than $500,000 D A review is required if revenue is between $300,000 and $500,000

A condo has 306 units, the association acquired 10 of them through foreclosure. At the annual election A The association can't vote B The association can vote its 10 units in a block C the association can vote each of the 10 units separately d The association can vote only in a percentage equal to t hose ballots cast for each candidate

the quorum requirements for an HOA members committee is A. A majority of eligible Total voting interest (TVI) B 15% eligible TVI C 25% eligible TVI D 30% eligible TVI

Which was included in the Fair Housing Act A Familial status and disability B. handicap or disability for caretakers and companion pets C companion pets and familial status D housing for elderly and caretakers

What is exposure avoidance? A Taking steps to reduce potential loss B Avoid circumstances that would expose the association to a certain type of loss C Separating equipment serving the same or similar purposes to reduce the risk of failing D taking steps to reduce the severity of a loss

Which entity can NOT file a construction lien A Contractor B Supplier C Architect D Assocaition

What is the developer guarantee A mixing operating/reserve funds in the same account B Audit C Developer special exemption from paying of assessments.

Which description best applies to the payment of officers and directors unless prohibited in the documents A FS 617 B code of Federal Regulation C FL 718, FS719, fs 720, FS 721

Which description best relates to 3-1-5 A Usual term of director B Must provide records within this period C Condo/Coop warranty for CE pursuant to statute by developer

Chart of accounts A. budget B. Line item in budget C Money for specific purposes D. Reserves

What statute relates to security guards A FS 482 B FS 493 C FS 399

L & O (Law and Ordinance) insurance A Surety bond for contractor B Covers anything not specifically excluded C Coverage for current building code repairs

Painting, paving and roofing are A mandatory reserves for condos B $4 per unit C Powers and duties of the Board

Federal Fair Housing Section 504 relates to A service animals B EVCS (electric vehicle charging station) C ESA (emotional support animals)

Deferred maintenance is A. maintenance/repair less frequently than one year B Condo/Coop statutory TVI requirement for approval of material alterations C warranty for CE pursuant to statute

How does FS 718 relate to the Board A CAM/CAB function B CAM prohibited action C procedures for conducting meetings

Association property is defined as: A Accessory rights B Furniture, fixtures and equipment C Common property

What are apprutenances a Common property B Accessory rights C Furniture fixures and equipment

Pest Control statute A FS 399 B FS 720 C FS 482

C - 482

Elevator accident requirements A report when able B 5 days or $1,000 fine C 2nd degree misdemeanor

Fraudulent insurance claim A 3rd degree felony B 5 days or $1,000 fine C 2nd degree felony

How long does a purchaser have to review and cancel without penalty the documents when buying a TIMESHARE A. 3 days B. 4 days C. 7 days D. 10 days

In a condo the Board must complete a financial report annually and provide a copy of the report or notice that it is available within A. 30 days B. 45 days C. 90 days D 120 days

When does a condo lien expire? A. 30 days B 60 days C. 180 days D. 365 days - one year

A condo/coop board must adopt the annual budget how many days in advance of the annual budget meeting? A. 14 days B. 30 days C. 45 days D. 90 days

Prelicensure (cam) education must consist of a minimum of ________ hours. A. 3 hours B. 10 hours C. 16 hours D. 25 h ours

How many days does a timeshare have to file its budget with the DBPR after adoption A. 10 days B. 15 days C. 30 days D. 90 days

Condo and coop notices of the annual meeting and election must be delivered to members how many days in advance A. 14 days B. 60 days C. 90 days D. 10 days

Developer wants to construct a condo. He has to file all his documents with the county clerk. _________ days after filing with the county clerk must he file a complete set of documents with the DBPR and pay a fee of _________ per unit to be built. A. 30 days - $5 per unit B. 45 days - $10 per unit C. 90 days - $15 per unit D. 120 days - $20 per unit

Condo chose a new management company. Board sent a letter requesting all records to be returned. How many business days do they have to return all records except finances? A. 2 days B. 5 days C. 10 days D. 15 days

Condo chose a new management company. Board sent a letter requesting all records to be returned. How many business days do they have to supply financial records? A. 5 days B. 10 days C. 15 days D. 20 days

Diane has complained to the board regarding a recent board vote. the board is consulting with their attorney. In how many days does the board have to respond to Diane and in how many days does the Board need to provide her with the attorney's opinion A. 10 days - 30 days B. 14 days - 60 days C. 30 days - 30 days D. 30 days - 60 days

Unless an association has adopted alternative election procedures, an association must provide how many days notice of an election? Condo and coops call for the 1st notice to be delivered not less than _________ days The second notice is not less than __________ days but not more than ___________ before the election

60 days 14 days 34 days

Condos require that the association post notices of board meetings at least ____ in advance and include a detailed agenda. A. 14 days B. 30 days C. 48 hours D. 90 hours

Condo associations must have new or updated property appraisals for insurance purposes no less than every _________ months. A. 12 months B. 24 months C. 36 months. D 48 months

To contest an HOA election it must be challenged by filing for arbitration with the DBPR within ________ days. A. 10 days B. 30 days C. 45 days D. 60 days