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..FLORIDA CAM LICENSE FINAL EXAM-with 100% verified
solutions-2023-2024
Florida Condominium Law is contained in which Chapter of the Florida Statutes?
718
Minutes of meeting of the BOD must be maintained for:
7 years
Emergency powers of a condominium board, if a state of emergency has been declared,
include:
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:
One year after claim of lien was recorded
With respect to a condominium association, which of the following statements is true:
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:
Purpose of the meeting, place, date and time
A co-op association's reserves do not generally include an amount for:
Flood insurance premiums of $13,000
Condominium owners own the condominium parcel and what type of interest in the
common elements?
Undivided

A claim of lien against a condominium parcel must include:
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?
A voting certificate
The least used entity of association management is:
Self-Management
Condominium unit owners, other than the developer, are entitled to elect not less than a
majority of the board when?
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:
Fees and assessments
The owners of a condominium must receive how much a notice of a budget meeting?
14 days
The concept of fairness in rules enforcement that results in forfeiture of the enforcement
right is:
Equitable estoppel
The two principal types of property insurance are:
Named peril and all risks
The condominium is created by the:


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