Management > EXAM > FL CAM LICENSE Final Practice Exam 2 QUESTIONS AND ANSWERS ALL CORRECT (All)

FL CAM LICENSE Final Practice Exam 2 QUESTIONS AND ANSWERS ALL CORRECT

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Florida Condominium Law is contained in which Chapter of the Florida Statutes? Correct Answer: 718 Minutes of meeting of the BOD must be maintained for: Correct Answer: 7 years Emergency power... s of a condominium board, if a state of emergency has been declared, include: Correct Answer: 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: Correct Answer: One year after claim of lien was recorded With respect to a condominium association, which of the following statements is true: Correct Answer: 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: Correct Answer: Purpose of the meeting, place, date and time A co-op association's reserves do not generally include an amount for: Correct Answer: Flood insurance premiums of $13,000 Condominium owners own the condominium parcel and what type of interest in the common elements? Correct Answer: Undivided A claim of lien against a condominium parcel must include: Correct Answer: 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? Correct Answer: A voting certificate The least used entity of association management is: Correct Answer: Self-Management Condominium unit owners, other than the developer, are entitled to elect not less than a majority of the board when? Correct Answer: Three years after 50% of the units have been conveyed to the owners [Show More]

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