Florida Cam Exam Questions and Answers, Exams of Nursing

Download Florida Cam Exam Questions and Answers and more Exams Nursing in PDF only on Docsity! Florida Cam Exam questions and answers rated A 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 - True Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel the purchase - True The Florida Fair Housing Act prohibits discrimination on the basis of handicap - True A valid Declaration of Condominium must contain easements for ingress and egress to all units and the common elements - True Compliance with the Construction Lien Law is very technical and can have an impact on title to property. Therefore the board should always consult with the manager regarding lien issues - False. The board should consult an attorney. Corporate Charter - Articles of Incorporation are also known as the Establishes the power and authority of the community Association Florida Cam Exam questions and answers rated A Establishes the corporate entity that is responsible for management, maintenance and operation of the community association Is based in corporate law - Articles of Incorporation ( Corporate Charter) Florida Not for Profit Corporate Act - FS 617 Florida Corporate Act - FS 607 Conducting business and Community Association affairs Operating and managing the association property and assets Suing and defending against actions Lending money for association purposes Acquiring Property Entering into contracts and purchasing items that are required for operations and maintenance Incurring liabilities Borrowing funds Mortgaging community association properties - Powers that are granted in FS 617 Florida Cam Exam questions and answers rated A FS 718.303 - Provides that if a member is more than 90 days delinquent or has failed to comply with his or her monetary obligation that is due to the community association, or has failed to comply with the documents or reasonable rules, the right to use common elements can be suspended. Provides fining authority and procedures. The pH of the pool water must be maintained at: - 7.2-7.8 Condominium and Cooperative Associations pay an annual fee of $_______ per residential unity, per ______ to the DFCTSMH Trust Fund - $4.00/ Year A windstorm self insurance pool must include 3 or more associations, all of which must be residential, with not less than 50 units. - True The member must place an election ballot in an inner envelope, and place the inner envelope in an outer envelope, which the member signs. - Procedures for voting in secret for members who are not in attendance at the annual meeting. The purpose of Regulatory Council of Community Association Managers is to - Provide licensure exam and continuing education requirements for CAMS Florida Cam Exam questions and answers rated A A volunteer director who is not compensated for his duties as a director need not have a CAM license - True Prospective members must receive certain information from an HOA when purchasing a new unit, including Community Association Disclosures - True An employee of the ombudsman's office may not serve as an officer in a local, state, or national political party - True Components of a collection policy should not include court charges for filing of liens - True At will means - an employee who may be dismissed at any time for any non- discriminatory reasons, with or without cause . FS 482 - governs pest control companies and operators Florida Cam Exam questions and answers rated A The Ombudsman duties include but are not limited to - Encourage and facilitate voluntary meetings with and between members, directors, managers, and other affected parties of condominiums Community association management companies must file for company insurance - Once very two years on October 1st of odd numbered years. HOA's must file for arbitration with DBPR when members contest elections of recalls - True Pursuant to FS 720, an HOA has all the following powers in an emergency declared by the governer: - to cancel and reschedule an association meeting to designate assistant officers who are not directors to relocate the association's principal officer or designate an alternative office In an emergency an HOA Can not - contract, on behalf of a member for items of services for which the member is individually responsible. Condominium members may vote to terminate the association if: - cost to make necessary repairs so that the property meets code is too high. Florida Cam Exam questions and answers rated A retroactive or applies to terms beginning after July 1, 2017. You should check with the associations attorney.to - True Provides the rules for distribution of condominium or association property and proceeds from the sale of condominium and association property. - FS 718.117 The termination of a condominium does not change the corporate status of the association. - True The official records of a community association must be maintained within the state, for a minimum of 7 years, unless otherwise stated in the applicable statute. - True Official records must be made available to members for inspection or photocopying within 45 miles of the community association or within the county in which the association is located. - True By July 1, 2018, a condominium with 150 or more units, which does not manage timeshare units, must create a website, if it does not already have one. - True Florida Cam Exam questions and answers rated A What must an association's website include? - an independent website or web portal wholly owned and operated by the association, or • a website or web portal operated by a third-party provider with whom the association owns, leases, rents, or otherwise obtains the right to operate a web page, subpage, web portal or collection of subpages or web portals. information provided to any person, other than a unit or parcel owner, by the association, is legally binding, even if factually incorrect. - True An association is required to issue an estoppel certificate within 10 business days after receipt of a written or electronic request from a unit or parcel owner, the unit or parcel owner's designee, the unit's or parcel's mortgagee, or 2 the unit's or parcel's mortgagee's designee. Any fee charged by the association is waived if the estoppel certificate is not issued within that period. - True Preparation and delivery of an estoppel certificate authorized fee: - not more than $250 Estoppel certificate requested on an expedited basis and delivered within 3 business days authorized fee: - an additional $100 Florida Cam Exam questions and answers rated A Estoppel Fee if the unit/parcel is delinquent to the association: - An additional fee not to exceed $150 Additional appurtenances for members in all community associations include - Sharing in ownership of common elements and any common surplus rights to use common elements rights to reserve common elements, as determined by the association docs and rules club membership rights and other rights may be established in the association docs access to any available licensed satellite, cable or communications service the right to peaceably assemble, including the right to use common areas in accordance with association docs the right to vote. All Records must be obtained for a minimum of 7 years, unless otherwise stated. - True Ballots and losing bids proposals must be retained for one year only - True Florida Cam Exam questions and answers rated A membership in an association which manages the common property? - Condominium Supplemental restrictions authorized by the governing documents and promulgated by the board of directors are: - Rules and Regulations When proposing amendments to the documents, a condominium should insert and underline any new words in the text - True Florida Statutes prohibit the Florida Catastrophe Fund from reimbursing associations or individuals for losses caused by flooding - True A timeshare divides residential property into specific time periods that provides members with exclusive use rights - True The developer is exempt from any management responsibilities as long as he controls the Board - False Mixed Use Condo - contains both residential and non residential units, FS 718.404 Florida Cam Exam questions and answers rated A FS 719 - Cooperative Act FS 720 - Mandatory Homeowner's Association FS 720.303 - HOA Powers and Duties What are the governing docs? - the Decleration, Articles of Incorporation and bylaws What is included in the Declaration - Declaration plot plan and surveys floor plans amendments Articles of incorporation bylaws any filed rules and regulations The board of a condo may not prevent a member from installing hurricane shutters, impact resistant windows, code complaint doors, or other code Florida Cam Exam questions and answers rated A compliant hurricane protection. However they may adapt specifications that standardize them. - True Material alterations or betterments to the common elements require 75% TVI - True Pursuant to FS607 and FS 617 what must the Articles of Incorporation Contain? - The corporation name Mailing Address Purpose Manner in which the directors will be appointed or elected The Heirarchy for enforceability of Laws and Documents is: - Federal, State, Local, Declaration, Articles of Incorporation, ByLaws, Rules and Regulations, Roberts Rules of Order Articles of Incorporation are filed - with the Department of State Division of Corporations The bylaws establish - the procedures for carrying out responsibility Florida Cam Exam questions and answers rated A Most board meetings require a minimum of 48 hours notice, posted in a conspicuous place on the property, unless the docs require a longer time period. - True If there is not appropriate place to post a notice, an HOA must deliver or mail a notice to each member at least ___ days in advance while a condo or coop has ____ days. ( except in an emergency - 7 / 14 Within ____ days after ____% of the total units are conveyed to non-developer members, the developer must ______________ - 75 / 15%/ call a meeting for election of directors The developer must give ______ notice of the meeting and election. - 60 days The developer must provide the association with an audit of the association financial records within ______ days after the transition meeting. - 90 Florida Cam Exam questions and answers rated A The Condo and Coop Acts establish implied warranties of fitness and marketability as follows: - Units: 3 years warranty commencing with the date of completion of the building that contains the unit Non Unit improvements: 3 years commencing with the date of completion of improvements Roof, Structural mechanical, electrical, plumbing: 3 year warranty beginning with completion or building construction, 1 year after turnover to members, which ever occurs last but not more than 5 years. ( 3-1-5 rule) Bulk assignee - a buyer who acquires more than seven parcels in a single condominium after July 1, 2010 and prior to July 1 2018, as determined by county records and receives assignment of some or all of the rights of a developer as set forth in the declaration or statute by a written document in the county records. Bulk buyer - a buyer who acquires more than seven parcels in a single condo after July 1, 2010 and prior to July 1, 2018 but does not receive assignment of developers rights. Insurable interest - real or personal property, reputations, persons, animals, or any item or thing in which we have an economic interest and for which there is potential of an economic loss. Florida Cam Exam questions and answers rated A Four types of Insurance - Property, Liability, Income, Personeel Three core activities of the association board of directors in regards to insurance requirements: - Business Government Community Condominium Act FS 718.111 - Provides specific detailed language on insurance requirements. When is a condo deemed ineligible for wind-only coverage? - when 50% or more of the units are rented more than eight times in a calendar year for a rental period of less than 30 days Which Florida Agency Regulates Insurance - The OIR ( office of Insurance Regulation) Florida Cam Exam questions and answers rated A The board of directors is the managing entity for a community association. - True At a condo election, once the outer envelope is opened, the association may accept no additional ballots. - True All community associations are required to have a financial plan that sets forth the proposed revenues and expenditures of funds for the maintenance and management of association properties for the fiscal year. - True In an inner envelope contains more than one ballot, neither ballot is valid. - True In a mobile homeowner's association, all nominations for director from the floor must be made available at a duly noticed meeting of the members held at least 30 days prior to the annual meeting. - True Six directors of a seven member board of directors resign. Can the remaining director appoint individuals who are eligible for the board to fill those vacancies? - Yes Florida Cam Exam questions and answers rated A If a director exercises prudent business judgment, he assures that he understands the requirements of his position and spends sufficient time to properly carry out his functions. - True If using an online voting system an association must use an online voting system that is able to authenticate the validity of each electronic ballot to ensure the ballot was not altered in transit. - True Florida law requires that all corporations have a registered agent and registered office - True A proxy in a condo association is valid for a period of up to 90 days after the date of the first meeting for which it was given. - True Assessments, membership fees, and maintenance fees are different words that essentially mean the same thing. - True Deferred maintenance means any maintenance or repair that will be performed less frequently than yearly and which will result in maintaining or extending the useful life of an asset. - True Florida Cam Exam questions and answers rated A Unless the governing documents require a membership vote, the board of directors may approve a special assessment - True Condos, Coops and HOA's must keep all records for at least seven years, by statute. - True Line Item Accounts to be included in Cash Basis Financial Reports for Condos are: - Professional and management fees and expenses Costs for recreation Facilities Trash Collection Utilities Taxes Maintenance and Repair Insurance Lawn Care Admin and Salaries Reserves Deferred Maintenance Florida Cam Exam questions and answers rated A Establishes the entity responsible for the maintenance, management, and operation of the community property and its assets. - Corporate Charter In a coop, issues such as transfer fees, fidelity bonds, and arbitration are generally provided for in the: - Bylaws Association Rules and regulations must be - within the scope of the boards authority The first board of directors of an association is appointed by - The developer FS 617 - Florida Not for Profit Corporate Act FS 607 - Florida Corporate Act FS 617 Provides that: - A community association may: -Not distribute any part of the income or surplus of the corporation to its members, directors or officers Florida Cam Exam questions and answers rated A -Pay reasonable compensation to offices and directors for services rendered, unless expressively prohibited by the community association docs -Bestow benefits on members, directors, or offices in conformity with its purposes -Earn income on various operations, such as vending, interest, and clubhouse usage, however this income must be used to offset future assessments, or be applied as a credit to an expense category -Upon dissolution or final liquidation, make distributions to its members as permitted under the act Not for profit does not mean tax exempt - True Every corporation must file an ________ and pay an __________ of $_____ or $______ to the Florida Secretary of State - Annual Corporate Report, Pay an Annual Fee, $61.25 or $150 FS 718 Part 1 - Statutory Requirements for creating and operating a Condo ( general Provisions) FS 718 Part II - Statutory rights and obligations of the developer Florida Cam Exam questions and answers rated A FS 718 Part III - Statutory Rights and obligations of the association FS 718 PART IV - Statutory requirements for special types of condominiums FS 718 PART V - Statutory requirements for Regulation of Condos FS 718 Part VI - Statutory Requirements for Conversions to Condominiums FS 718 Part VII - Distressed Condo Relief Act FS 719 Part I - Statutory Requirements for creating and operating Cooperatives FS 719 Part II - Requirements of the developer FS 719 Part III - Rights and obligations of the association FS 719 Part IV - Requirements for special types of Coops Florida Cam Exam questions and answers rated A Fidelity Bonds Arbitration The default voting interest required to pass an amendment in a Condo is - 2/3 TVI If the declaration of Condo or Coop docs do not specify a procedure, the default procedure for alterations or betterment requires 75% TVI to approve alterations or additions to common elements - True How much notice is required for the Annual Meeting - 14 Calendar Days Membership meetings Require how much notice? - 14 Days Calendar Notice Quorum Requirements for Condo's - 50%+1 TVI HOA - 30% TVI How Much notice is required for a meeting where the board will be elected? - 60 Days Florida Cam Exam questions and answers rated A Condos: A developer is entitled to elect or appoint at least one director , provided that the developer meets any of the following Requirements: - Less than 500 Units and the developer owns 5% of the units More than 500 Units and the developer owns 2% of the units HOAS: the Developer is entitled to elect at least one director, provided that the developer holds for sale at least: - 5% of the parcels in all phases of the community Bulk Assignee - Buyer who acquires more than seven parcels in a single condominium after July 12010 and prior to July 1, 2018 and receives assignment of some or all the rights of the developer by a written document in the county records. Must a condo or coop include fully funded reserves in the proposed budget - Yes, unless they have been voted to waive Condo Member Insurance Coverage requires that each member shall insure what in his or her own unit? - Floor, wall and ceiling covering Florida Cam Exam questions and answers rated A appliances and electrical fixtures built in cabinets and counter tops water heaters and water filters window treatments An HO-6 Covers: - a member in a condo or coop an HO-3 covers: - A member in a HOA Three Primary objectives of a Community Association are: - Preserve Protect and enhance the value of the community Enhance the lifestyle of the community provide a harmonious community Requirements for a Community association - Membership is mandatory Members have the right to vote An unpaid assessment can become a lien on a members property Florida Cam Exam questions and answers rated A How does the developer "declare" the property? - By filing the required documents for the project with the appropriate legal entity. The Declaration of Covenants and Restrictions ( DCR) - Establishes the formal regulations for all of the property Is a statement of covenants, which run with the land Defines certain rights and imposes certain restrictions on the members and community association is based in real estate law Articles of Incorporation ( Corporate Charter) - Establishes the power and authority of the community association establishes the corporate entity that is responsible for management, maintenance, and operation of the community association is based in corporate law Bylaws - establish formal procedures for carrying out operational responsibilities as outlined in the articles of incorporation are based in corporate law Florida Cam Exam questions and answers rated A A condo or coop is required to provide an audit at turnover. - True All Community associations have - to file with the department of the secretary of state What is filed with the secretary of state? - Articles of Incorporation and Bylaws. ( Cond0s) Condominiums and HOA's must file what with the Clerk of the Court? - Declaration of covenants and restrictions or Declaration of condo, Articles of Incorporation, Bylaws. Condos must file with the DBPR - a complete set of all required documents, within 120 days after they are filed with the clerk of court. $20 per unit planned. Coops must file with the DBPR - $20 per unit to be constructed, proprietary leases, within 30 days after they are filed with the Secretary of State Florida Cam Exam questions and answers rated A The DBPR has ___ days to notify the mobile home park owner of any deficiencies in the prospectus - 45 Who regulates Community Associations? - the Dbpr through the Division of Condo's timshares, and mobile homes ( DFCTSMH) Where is the authority to regulate derived from? - Florida Statutes How are the acts and statutes enforced? - Through the Florida Administrative Code What are the two main bureaus of the Division? - Bureau of standards and registration bureau of compliance Condominium Governance Form - Informal educational overview of condominium governance. Summarizes the role of the board in conducting the day to day affairs of the community association Florida Law does not require a community association to hire a manager. - True Florida Cam Exam questions and answers rated A The board can adopt rules and regulations to assist them in operating the association, at any properly noticed and quoromed board meeting. - True The board can not make rules that are in conflict with the formal docs. - True if documents do not state the requirements, the default voting interest that is required to pass an amendment is : - 2/3 TVI for condo or coop FS 720 is silent on the default voting interest required to pass an amendment in an HOA. - True TVI represents - total number of units or parcels that are entitled to vote within an association. In order to become effective, Amendments to the Articles of Incorporation for all associations must be filed with - the Division of Corporations in the Department of State Florida Cam Exam questions and answers rated A If the Declaration of Condo or Coop is silent the default procedure for alterations of betterment requires that ______% ______ must approve. - 75 TVI FS 617 and FS 607 requires every corporate entity to hold at least ____________________________ called, - 1 membership meeting each year, the annual meeting If not stated, the annual meeting must not be held later than _____ ________after the previous annual meeting. - 13 months What is the primary purpose of the annual meeting? - for members to elect individuals to the board of directors. A special meeting of the HOA must be held when called by the board or by at least _____ TVI. - 10% If a broadcast notice is used in lieu of posting on the physical property, the notice ( and agenda for condo's and coops) must be broadcast at least ____ times every broadcast hours of each day that the posted notice is required. - 4 Florida Cam Exam questions and answers rated A Proof of proper notice is given by: - signing an affidavit or mailing or delivery or obtaining a USPS certificate of mailing, attaching to the proof of notice a copy of the member roster and list of addresses, attaching the affidavit or certificate of mailing package to the agenda and minutes of the meeting. In an HOA within ____ days after the recording of an amendment to the governing docs, the association must provide copies to its members. - 10 Quorom Requirements for Condos: - 50%+1 Quorom Requirements for HOA - 30% TVI What is a Quorom? - The minimum number of members of an assembly that must be present at any of its meeting to make the proceedings of that meeting valid. What options does the association have if they have not achieved quorum at the annual meeting? - Recess meeting, designate a date to reconvene, and solicit additional proxies and or members to meet quorum. Recess Meeting without conducting business including an election Proceed with the election provided that 20% TVI have cast ballots. Florida Cam Exam questions and answers rated A Board Meetings require a minimum notice of _______. - 48 hours If a broadcast notice is used, for a board meeting, the notice must be broadcast at least _______times during very ___________ - 4 times / broadcast hour A majority of a quorum has authority to act for the full board on all matters unless a specific additional number is required. - True When does a resignation become effective? - When it is delivered unless it states a later date. The boards authority to appoint and delegate power to committees is governed by the - association documents ( bylaws) A committee that confirms or rejects a fine or suspension of member rights must provide no less than_______ notice of meeting to alleged violators - 14 days notice. In a Condo or Coop arbitration is binding/non binding - nonbinding Florida Cam Exam questions and answers rated A In an Hoa ,arbitration is binding/non binding - binding Volunteers and committee members who are utilized for their special skills should act - strictly in an advisory capacity. A developer must add all phases to a condominium with ____ years after the recording of the __________ ____ _________ which submitted the initial phase to condo ownership, unless an amendment extending that period is properly approved by the owners within the last _____ years of the _____ year period. - 7/ Declaration of Condominium/3/7 An amendment for adding all phases to the condo may not exceed______ years after the recording of the original Declaration of Condominium. - 10 If a tenant has resided in the community for at least ____days and his or her rental agreement will expire during the next ______days, he or she can extend the agreement for up to _____ days after the date of notice. - 180/270/270 Florida Cam Exam questions and answers rated A Assignment of developers rights to a bulk assignee can be made by: - the developer, a previous bulk assignee, the court on behalf of a previous bulk assignee. Can there be more that one bulk assignee at a time? - No How should the board respond to a complaint or request? - In writing, within 30 days of receipt of a written complaint delivered by certified mail. The Condo Act restricts directors to a maximum of ______ consecutive ____ year terms, unless approved by an affirmative vote of _____ _______ or unless there are not enough eligible candidates to fill the vacancies on the board. - 4/2- 2/3 TVI Within 75 days after ____ of the total units conveyed, the developer must ______ _ ________ _____ ________. - 15%/ Call a meeting for election Members do NOT have access to information obtained by the association in connection with a lease, sale, or transfer of ownership - True Florida Cam Exam questions and answers rated A Can reserve funds be used for anything other than the designated purpose? - No unless approved by a majority vote TVI at a duly called meeting at which there is a quorum. If the association receives a petition with signatures of 10% or more of the members, it must call a new budget meeting within _______days giving a _____ day notice. - 30/ 14 Special assessments may be levied by the board unless the association documents state otherwise - True A condo or cooperative must collect assessments no less often than - quarterly An association may charge a late fee of ______ or______, __________________ - $25 or 5%, whichever is greater An HOA must provide ________, of an intent to foreclose. - 45 days written notice An estoppel can charge $______ to expidite the process - $100 Florida Cam Exam questions and answers rated A An estoppel can charge $______ if there are delinquent fees - $150 Maintenance, Dues, of Memberships fees are all names for: - assessments How are assessments based? - Either equal charge per unit or by percentages that are recorded in the association documents. The approved budget should be signed by : - the treasurer and one other offer or president The approved budget should be sealed with a corporate seal - True Where is the fiscal year stated? - In the bylaws If the operating assessment increases by more than _____% over the prior years assessment, _____% of the voting interest are entitled to petition the board to call a special member meeting to reconsider and adopt a substitute budget. - 15 / 10 Florida Cam Exam questions and answers rated A The association must exclude what items from the current year and prior year budgets in calculating the percentage of increase? - Reserves, Expenses that are expected to be incurred less often than annually, betterments. In an HOA if there is not appropriate place to post a notice, the board must ______ or _______ a notice to each member at least ___days before the meeting, except in an emergency - mail/ deliver/ 7 a committee that confirms a rejects a fine or suspension of member's rights must provide no less than _____ days notice of meetings to alleged violators. - 14 Official records are open to inspection and available for _____ by _____ or _______ _________ at reasonable time and places within _____ business days after receipt of a written request by ___________ mail. - photocopying/ members/ their agents/ 10/ certified A member denied access to official records is entitled to actual damages or minimum damages of $____ per ______ up to ________ days - 50/day/10 The association must make the records available to a member within _______ business days after receipt of a __________request. - 5/ written Florida Cam Exam questions and answers rated A Any seller or an out of state timeshare plan offered shall be required to provide notice of such plan, along with one time payment not to exceed - $1,000 If a timeshare is also a cooperative or condo it must meet the requirements of ________ or __________ - 718, 719 If there is a conflict between FS 721, FS 718 or FS 719, What prevails - FS 718 or FS 719 If a timeshare is also a condo or coop is is exempt from: sales or reservation deposits prior to closing filing prior to closing developer disclosure prior to sale prospectus or offering circular. - True In an emergency an condo or coop can /can not contract on behalf of a unit owner for items or services for which the owner is otherwise individually responsible. - Can Florida Cam Exam questions and answers rated A Material alterations or betterment to the common elements for condo or coop require approval of : - 75% TVI A quorum excludes members whose voting rights have been suspended by the board from the TVI and the quorum - True If a quorum has not been achieved at the annual meeting, does the association have a legal obligation to reschedule the meeting? - no In a condominium or coop , a member may use a __________ ____________ to establish quorum - general proxy In a condo or coop a member must use a ____________ ____________ to vote on any other matters. including amendments, waivers of financial statement requirements or reserves. - Limited Proxy if ______% TVI petition the board to address an item, within _______ days after receipt of the petition , the board ______ place the item on the agenda of a ________member meeting or board meeting. - 20% / 60/ must/ special Florida Cam Exam questions and answers rated A The board must give _____ notice of the meeting at which the petitioned item will be addressed. - 14 days Once the chairperson has declared the results of a vote on an issue, it is out of order for anyone to continue to debate the issue, - True If the number of candidates is _______ than or ________ to the number of available positions _________ election will be held. - less / equal/ no If noone runs for a condo board the prior year directors are __________________reelected - automatically The outer envelope must contain: - addressed to person authorized to receive ballot, space for the parcel or unit number, and members name and signture A ballot is disqualified if: - the outer envelope is not signed the outer envelope does not identify the unit or parcel the ballot has not been enclosed in an envelope Florida Cam Exam questions and answers rated A In an emergency the board is required to post a notice, but does not have to meet the 48 hour requirement - True The following documents must be filed with the Secretary of State: - Articles of Incorporation, and bylaws Condo's and HOAS should file with the clerk of court at a minimum: - Declaration of Covenants and Restrictions or Declaration of Condominium, Articles of Incorporation and Bylaws Condos must file with the DBPR - $20 per unit that is to be constructed, within 120 days after they are filed with the Clerk of Courts Timeshares must file with the DBPR - $2 per unit for every 7 days that each unit is intended to be occupied, to a maximum of $25,000 A developer may/ may not charge a fee for the initial set of documents? - may not The DBPR regulates through the DFCTSMH - Condos; Timeshares; Coops, Mobile Home Parks Florida Cam Exam questions and answers rated A HOAS are / are not regulated by the state - are not The division enforces the acts and statutes through the - Florida Administrative Code (FAC) According to part v of the cooperative act, what agency is designated to enforce and ensure compliance with provisions of the Cooperative Act - The DBPR In a cooperative; issues such as transfer fees, fidelity bonds and arbitration are generally provided for in the - bylaws If a developer fails to make the proper filings to the DBPR or pay the required fee, the developer may - be prohibited from offering the units for sale Proxies for Mobile Home Associations are good for - 90 days if the members own 15% of the unit, they are entitled to elect no less than _____________of the directors - 1/3 Florida Cam Exam questions and answers rated A If an out of state timeshare wants to sell units to Florida residents, - they must comply with Florida disclosures, If a developer owns 5% of 500 or less units they can appoint at least __________ director - 1 If a developer owns 2% of 500 or more units they can appoint at least _______ director - 1 the second notice of elections must include - a ballot How should candidates for election be listed - alphabetically by last name the date and time of the annual condo membership meeting is usually found in the - Articles of Incorporation or Bylaws Continuing Education for a manager includes - 4 hours of legal updates every two years