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FL CAM LICENSE STUDY GUIDE WITH
COMPLETE SOLUTION
Question :A Community is defined as
Correct answer:Real or personal property owned by two or
more entities, with a "legally binding agreement (covenant) to share responsibility and costs for maintenance and administration of property, assets, and association, and with specific rights granted to the members.
Question :Community Associations are structured by
Correct answer:Formal (in writing), legal documents defining
property rights, rules and restrictions.
Question :Community Associations are also refered to as
Correct answer:Covenant
Question :Conceptually Community Associations:
Correct answer:Maximize land use, share responsibility, and
expenses.
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Question :What are the 5 types of Community Associations?
Correct answer:Condo, Cooperative, HOA, Timeshare,
Mobile Home Park
Question :What are the 3 specific requirments of CA in
Florida
Correct answer:Membership is mandatory, members must
have the right to vote, an assessment, if unpaid can become a lien.
Question :What factors influence the type of association that
can be developed?
Correct answer:Zoning, CDMP
Question :These documents define the regulations for use of
land, member's rights, & responsibilities, and create the entity that will manage the community.
Correct answer:Declaration of covenants &
restrictions/declaration of condominium, Articles of incorporation, bylaws.
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Question :Developer must pay a fee at the time he files any
required documents with the DBPR.
Correct answer:New Condos/Coops - $20/unit Timeshares -
$2/7 day period each unit will be occupied, but not more than $25,000 Mobile Homes - $10/lot but not less than $100
Question :Developer must file the documents with certain
governmental entities, and pay a fee for each unit or lot in a community
Correct answer:True
Question :Florida requires all community associations to be
incorporated since?
Correct answer:April 1, 1992
Question :HOA's do not pay fees, as they are not regulated by
the state.
Correct answer:True
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Question :DFCTSMH Stands for?
Correct answer:Division of Florida Condominiums, Time
Shares, & Mobile Homes
Question :DFCTSMH has 2 divisions:
Correct answer:Bureau of Standards & Registration (New
Developments) Bureau of Compliance (Existing Associations)
Question :The CAM license is valid for 2 years and the period
starts on Oct 1st of ______ ______ and expires on September
30th of ______ ______ (fill in the blanks):
Correct answer:Even Years
Question :There are continuing education requirements of 20
hours for every licensing term to maintain the CAM license.
Correct answer:True - Initial license if exempt for first term.
Question :The CAM's roll is to: