Florida CAM Exam Review Questions with complete solutions 2024 If a declaration of condominium or bylaws so provide, an association may require a security deposit from prospective lessees up to the amount of ✔ 1 month's rent
A homeowner's association board must obtain competitive bids for any contract which will cost in excess of ✔ 10% of the annual budget including reserves
Employees with the community association are usually those workers where the association pays or deducts for ✔ social security tax, unemployment compensation wages, and federal withholding taxes
The is an attorney appointed by the governor who acts as a liaison between the division, unit owners, Board of Directors, Board Members, community association managers, and other affected parties. ✔ Ombudsman
The Division of Condominiums, Timeshares and Mobile homes is partially funded by ✔ fees, fines, penalties, and court costs
For Towning zones, the words "tow-away-zone" on the sign must be at least inches high ✔ 4 Association employees can perform pesticide applications to ✔ common areas ONLY. It is acceptable for an owner to spray their own unit. However, if this is anyone other than the owner, this person/contractor must be licensed by the state
An elevator's certificate of operation is valid for ✔ up to 2 years If an association has a pool and has more than units, or operates a public pool, it must maintain proper licensing. ✔ 32 1 / 2
An elevator must display a certificate of operation and ✔ a no-smoking sign
Are air condition units and heating equipment covered in the Association Fire and Casualty Property Insurance? ✔ Yes, for hazard and casualty. but not for normal maintenance and repair
AN employer in Florida with one or more full-time or part-time employee must have ✔ Worker's compensation
Associations may levy fines of up to for a single violation ✔ $100
Non-binding arbitration, binding arbitration, and pre-suit mediation requirements are all examples of ✔ alternative dispute resolution
In condominium association, disputes about the levy of a fee or assessment must be resolved by ✔ a state court
If a timeshare owner fails to pay the assessments due, the association may prohibit the owner from ✔ occupying or exchanging his/her interest in the unit
In a community association, the certification of operation for an elevator must be ✔ conspicuously posted in the elevator
A director and officers liability insurance policy ideally, but not necessarily, includes the ✔ community association manager
For a cooperative association, a fidelity bond for each person who is required to be bonded must be equal to ✔ the maximum total amount of money in the association account
CPIC helps associations with connot ✔ get insurance on the private market
A directors and officer's liability insurance policy covers ✔ former and current officers and directors
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