Florida cam Study guides, Class notes & Summaries

1. Condominium form of ownership is comprised of units owned by one or more persons and joint ownership of ________ share in the common elements. A. a percentage B. an undivided C. a proportional D. a complete - B. an undivided Condominium means individual ownership of a unit coupled with joint ownership of an undivided share of the common elements as well as mandatory membership in the association. 2. Under the General Corporate Law _______, community associations have the right to bu...

1. Condominium form of ownership is comprised of units owned by one or more persons and joint ownership of ________ share in the common elements. A. a percentage B. an undivided C. a proportional D. a complete - B. an undivided Condominium means individual ownership of a unit coupled with joint ownership of an undivided share of the common elements as well as mandatory membership in the association. 2. Under the General Corporate Law _______, community associations have the right to bu...

The language in the Declaration of Condominium that creates a commitment, restriction, or contract between the association and the unit owners is called - Correct Answer Covenants Under Chapter 718.1255, those eligible to petition for arbitration are: - Correct Answer An owner of a condominium unit Tom Tucker decides he can manage his association better than the management company and at significantly less cost. The board of directors of the 25 homes comprising the Too Cheap Homeowners' A...

FLORIDA CAM LICENSE FINAL EXAM-with 100% verified solutions-2023-2024

Florida Cam Exam 2024 Questions and Answers 100% CorrectFlorida Cam Exam 2024 Questions and Answers 100% CorrectFlorida Cam Exam 2024 Questions and Answers 100% CorrectFlorida Cam Exam 2024 Questions and Answers 100% Correct A Community Association is generally defined as real or personal property, owned by two or more entities, which share the responsibility for the costs of maintenance and administration - ANSWER-True Purchasers of a timeshare plan have a ten day contract rescission period...

Florida CAM Exam Study Guide with Complete Solutions Florida CAM Exam Study Guide with Complete Solutions Florida CAM Exam Study Guide with Complete Solutions A Community is defined as - 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. Community Associations are struct...

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 ...