Florida Community Association Managers (CAM) Q&A: Legal and Financial Regulations, Exams of Nursing

Download Florida Community Association Managers (CAM) Q&A: Legal and Financial Regulations and more Exams Nursing in PDF only on Docsity! Florida CAM Multiple Q&A (Verified Answers) Latest Update 2024 The pH of the pool water must be maintained at: - Correct Answer ✅7.2-7.8 A person who manages a rental apartment complex _____ a Community Association Manager's License. - Correct Answer ✅May, but is not required, to have. Condominium & Cooperative Associations pay an annual fee of $____ per residential unit, per ____, to the DFCTSMH Trust Fund. - Correct Answer ✅$4.00/year Toca Chica Cooperative, with 35 units, has joined with Levitz Office Condominium, to form a self-insurance pool for windstorm insurance. Levitz has 10 office units. - Correct Answer ✅A windstorm self-insurance pool must include 3 or more associations, all of which must be residential, with not less than 50 units. Bob Jones is the president of the Flagler Mandelion Condominium. Flagler Mandelion has 42 units and a budget of $79,000. The association recently approved a budget, effective in 1 month, for $109,000 per year. Bob has Florida CAM Multiple Q&A (Verified Answers) Latest Update 2024 recommended that the board terminate the management company, to which the association pays $1,000 a month, and hire him instead at $500 per month. Bob just completed the CAM Pre-Licensure course. - Correct Answer ✅This is lawful only if Bob is licensed as a CAM on or prior to starting his management position, and the documents permit directors and officers to receive compensation. The Palm Air HOA governing documents permit voting in elections for the board of directors by secret ballot, for members who are not in attendance at the annual meeting. In order to do so, the member must: - Correct Answer ✅Place an election ballot in an inner envelope , and place the inner envelope in an outer envelope, which the member signs. The purpose of Regulatory Council of Community Association Managers is to: - Correct Answer ✅Provide licensure exam and continuing education requirements for CAMs. Maritza Plaza Condominium has appointed John Smith, a volunteer director, as the community member liaison to its Florida CAM Multiple Q&A (Verified Answers) Latest Update 2024 A reason stated in F.S. 718 that condominium members may vote to terminate the association include: - Correct Answer ✅Cost to make necessary repairs so that the property meets code is too high. The Scarlet Zabala Condominium wants to hire a paid manager. If there are more than ____ units, or the budget exceeds $____, then the manager must be licensed through the DBPR as a Community Association Manager. - Correct Answer ✅10: $100,000 Balasquie Acres Condominium, with 474 units, employes a maintenance director, Mike Rugminom, who reports directly to the president. Mike oversees 2 maintenance employees, the janitorial staff, and supervises all maintenance contractors for the association. Balasquide Acres has a CAM, Melissa Perez, who directs management and operations. - Correct Answer ✅Mike must be licensed as a Community Association Manager. You are the manager of the Ochoa Horizons Cooperative, which is about to go through a major renovation project. The Florida CAM Multiple Q&A (Verified Answers) Latest Update 2024 board has asked you to handle the project, including preparing the construction contract, and filing any notices provided for in Chapter 713,. F.S. (Liens). - Correct Answer ✅Depending upon the extent of the request, these activities may constitute the unauthorized practice of the law. How many members are there on the Regulatory Council of Condominium Managers? - Correct Answer ✅7 members appointed by the Governor of the State. A type of joint ownership of real estate where an individual purchases shares of a stock in a corporation, which gives the purchaser the right to occupy a unit under a proprietary lease is: - Correct Answer ✅Cooperative. A condominium is created when its declaration of covenants is recorded in the: - Correct Answer ✅Public records of the county in which the property is located. What type of community permits individual units to be owned and occupied for fixed periods of time in a given year? - Correct Answer ✅Timeshare. Florida CAM Multiple Q&A (Verified Answers) Latest Update 2024 Under which statute are the majority of homeowners' associations in Florida organized? - Correct Answer ✅Chapter 617, F.S. The ____ establishes the formal regulations for all of the property including the basic rights and responsibilities of each member, resident, member, and guest. - Correct Answer ✅Declaration. What document establishes the procedures for carrying out the responsibilities of the association and governs the actual operation of the association? - Correct Answer ✅Bylaws. According to Part V of the Cooperative Act, what agency is designated to enforce and ensure compliance with provisions of the Cooperative Act? - Correct Answer ✅Department of Business & Professional Regulations. The annual fee paid to the Division of Florida Condominiums, Timeshares & Mobile Homes, for each unit operated by a Florida CAM Multiple Q&A (Verified Answers) Latest Update 2024 What type of ownership includes exclusive ownership of a single unit, join undivided ownership of a percentage of the common elements, and required membership in an association which manages the common property? - Correct Answer ✅Condominium Member Chandre Hall residents in Bianchia Keyes HOA. She has a 4 year old daughter and wants to put a playset in her backyard. - Correct Answer ✅Biuanchia Keyes may require Chandre to obtain any necessary government permits. Supplemental restrictions authorized by the governing document and promulgated by the board of directors are ___ and could include rules for parking. - Correct Answer ✅Rules and Regulations Heneghan Hills, a 25 year old condominium, is a 20 story high-rise with 327 units. It pays garbage and water & sewer to the units, and electricity to provide hot water for the units. Hector Ochoa, the maintenance supervisor, has recommended that the board initiate a program to inspect Florida CAM Multiple Q&A (Verified Answers) Latest Update 2024 the units for plumbing leaks, including each unit's hot water heater. Which of the following is NOT true? - Correct Answer ✅Heneghan Hills must pay for all repairs to water heaters, pursuant to the Condominium Act. _____ usually establishes the entity responsible for the maintenance, management, and operation of the community property and its assets. - Correct Answer ✅Corporate charter Mondigliani is a 25-story condominium with 400 units and a budget of $2 million. It has reserves totaling $1 million for the roof replacement, painting, paving, and elevator modernization. - Correct Answer ✅Mondigliani must complete an audit, unless waived by the members. In a cooperative, issues such as transfer fees, fidelity bonds, and arbitration are generally provided for in the _______. - Correct Answer ✅Bylaws. Florida CAM Multiple Q&A (Verified Answers) Latest Update 2024 Association rules and regulations must be: - Correct Answer ✅Within the scope of the board's authority. Deluca Airs HOA has a surplus from its special assessment for repairs to the swimming pool. It intends to use those funds to install a basketball half-court for its teenagers, and a barbeque grill in the pool area, immediately adjacent to the Jacuzzi. - Correct Answer ✅Deluca Airs cannot place a BBQ grill in the pool area. Alex Grimble owns a unit on the 15th floor of the Hollow Hills Condominium. He has placed a charcoal grill on his balcony, so that he may barbeque each weekend. - Correct Answer ✅Barbeque grills fueled by combustible substances are not permitted on balconies. If a developer fails to make the proper fillings to the DBPR, or pay the required fee, the developer may: - Correct Answer ✅Be prohibited from offering the units for sale. Florida CAM Multiple Q&A (Verified Answers) Latest Update 2024 The Rugiana Cooperative has 301 units, of which developer Maurico Igelsias still owns 30. The documents are silent on the number of directors required for the board. At the upcoming annual election, - Correct Answer ✅Maurico may appoint 1 director, and the members will elect 4 In a timeshare, "accommodations" may be defined as: - Correct Answer ✅A houseboat The Sheshells Seaside condominium election is scheduled for November 4th. The board must send the first notice no later than ____. Eligible individuals must turn in notices that they wish to be candidates no later than ____ . The second notice must be sent by ____ - Correct Answer ✅September 4th; September 24th; October 20th The Santana Timeshare must include in its annual budget: - Correct Answer ✅Fees to the Division, reserves. Florida CAM Multiple Q&A (Verified Answers) Latest Update 2024 Sally Healy, the manager of the Quiet Palms Cooperative is preparing the second notice of election. She must include: - Correct Answer ✅Ballot. You are preparing for ballots for the Sunshine Condominium's election. You must assure that: - Correct Answer ✅All candidates are listed alphabetically by last name. The board of directors at the Sunset Lakes Condominium has received a written complaint by certified mail from one of the members on July 7th. The board must respond by: - Correct Answer ✅August 5th. Members cannot review certain records except: - Correct Answer ✅Assessments paid by other members. Brisett Forest is an HOA with 293 units. It has a swimming pool, decorative gardens, and security. It is governed by: - Correct Answer ✅F.S. 617, F.A.C. 64E-9, F.S. 760 Part II Florida CAM Multiple Q&A (Verified Answers) Latest Update 2024 Unless otherwise provided for in the documents, the association must have at least 3 officers: - Correct Answer ✅President, secretary, treasurer. The date and time of the annual condominium membership meeting is usually found in the: - Correct Answer ✅Articles of incorporation or Bylaws Proxies in condominiums, cooperatives and HOAs are valid: - Correct Answer ✅If signed by the member Continuing Education for a manager includes: - Correct Answer ✅4 hours of legal update every 2 years. In order for an HOA to conduct business at a membership meeting: - Correct Answer ✅The association must send a notice at least 14 days in advance of the meeting The minimum number of directors for the Boca Del Momo Homeowners' Association, which has 501 Florida CAM Multiple Q&A (Verified Answers) Latest Update 2024 Trem Neddy, an elderly resident with a heart condition residing in the Muluzza Condominium Association, receives a retired greyhound, Fast Freddy, in a drawing at the Lazy Lake Dog track. Trem is pleased, as he had a read in the AARP magazine that pets reduce blood pressure and aid with depression. The Muluzza declaration prohibits pets over 25 lbs. - Correct Answer ✅Trem may wish to consult with his physician and obtain a doctor's letter regarding Fast Freddy. The board of directors of the ALberta condominium Association levies a $200 fine against Stevens Rapson for hanging a sweater over the balcony to dry. - Correct Answer ✅The Fine Committee must provide 14 days' notice prior to each meeting. The Bermuda Shores condominium association was incorporated in January 2010. The financial records were audited for 2010, 2011, 2012, 2015. The association will be turned over to the members with the next few months. Which of the following is correct concerning the turnover audit? - Correct Answer ✅The developer must provide the members with an audist from the date of incorporation. Florida CAM Multiple Q&A (Verified Answers) Latest Update 2024 The restful Resort Condominium Association's Office is burglarized. A typewriter, radio, computer, and television are stolen. What type of policy would most likely cover these losses? - Correct Answer ✅An all risk policy which does not have exclusion for theft. Which of the following would not be paid from a reserve account with a vote of the members? - Correct Answer ✅Theft of office equipment. Jasper Johns, member of Unit 333 at the Golden Kitten HOA, recently purchased a large puce and purple motorhome, which he has named "Mabel". When he purchased his unit, Gold kitten assigned him two adjacent on-street parking spaces, in which he has now park Mabel. The Declaration prohibits commercial vehicles, motorcycles, boats and vehicles in disrepair. The members have demanded that the board force Jasper to remove Mabel. - Correct Answer ✅The board must permit Mabel to stay, but may wish to consider an amendment to the documents, disallowing recreational vehicles. Florida CAM Multiple Q&A (Verified Answers) Latest Update 2024 Which of the following would not be found in the annual financial report of a community association detailing receipts and expenditures? - Correct Answer ✅The names and addresses of losing bidders for contracts awarded during the past year. The Aimsley Waterside Association has 200 units, and a total of 302 parking spaces, of which 200 are assigned to members. It must provide: - Correct Answer ✅8 accessible spaces, one of which must accommodate a van. Which of the following is not a valid reason for disqualifying a ballot in a condominium election? - Correct Answer ✅The member has signed their ballot, although the ballot did not request a signature. The board of directors of Blackstone Estates is unhappy with the current lawn maintenance company, to which it pays $220/per cutting. There are approximately 30 cuttings each year. Eddie Mueller, the association president, has stated that he would be willing to cut the lawn for $200 dollars per