Florida CAM License Exam 2024: Comprehensive Guide, Exams of Nursing

Download Florida CAM License Exam 2024: Comprehensive Guide and more Exams Nursing in PDF only on Docsity! FL CAM LICENSE EXAM FALL 2024 100 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES ALREADY A GRADED WITH EXPERT FEEDBACK TOP RATED VERSION FOR 2024- 2025|BRAND NEW!! Condo form of ownership is comprised of units owned by one or more persons and joint ownership of ______ share in the common elements. - ANSWER>>An undivided. Under the General Corporate law ______, community associations have the right to buy, sell or lease real property. Under the condo and co-op laws _____, condos and co-ops have the specific authority to acquire title. - ANSWER>>607 / 718 & 719. A person doing the following for remuneration must have a license. - ANSWER>>Posts notices for meetings and chairs committee meetings, prepares budgets and financial statements, and supervises maintenance. Application for renewal of a CAM license shall be postmarked by ______. If the renewal application is postmarked after _______ of the renewal year, the license shall be deemed expired. - ANSWER>>September 30, October 31. Restrictive covenants that run with the land as permanent restrictions remain in effect until ______. - ANSWER>>The community is terminated. The co-ops documents must obtain all of the following except _____. - ANSWER>>Identification by unit number/letter. The _____ creates the association and the _____ creates the condo. - ANSWER>>Articles of Incorporation / Declaration. What defines the membership and the voting rights of the associations? - ANSWER>>Corporate charter. The _____ establishes the procedures for carrying out the day to day responsibilities of the association. - ANSWER>>By-laws. If the governing documents of an association conflict, which of the following is the proper order of priority? - ANSWER>>Declaration, Articles of Incorporation, By - laws, Board rules and regs. When we are talking about amending the documents, which of the following is correct? - ANSWER>>If proviso made and percentage stated, then that %, if no proviso then 100%, if proviso made but no percentage stated then 66 2/3% In chapter 720 Homeowners association, which of the following is required to amend the governing documents? - ANSWER>>Approval of 2/3 of the voting interests in the association. That property owned by the association for the use and benefit of its owners called ______. - ANSWER>>Association property. The portion of the community property shared by all of the owners and members is ______. - ANSWER>>Common elements. The part of a condo that is subject to exclusive use is called _____. - ANSWER>>A unit. Common elements may be enlarged _____. - ANSWER>>By an amendment of the declaration of condo. Condos created after April 1, 1992 may allocate shares of common elements by _______. - ANSWER>>Square footage and equal basis. The board of directors at the sunshine condo agreed to increase the size of the main swimming pool. Which of the following would be required to make this happen? - ANSWER>>Approval by 75% of the total voting interests of the association. Prior to transition of an HOA, the developer may amend the documents ______. - ANSWER>>Subject to a test of reasonableness. The developer supplies the association with the copies of the certificates of occupancy _______. - ANSWER>>At transition. Items not on the board meeting agenda should not be discussed unless it is an emergency item that is approved by ______. - ANSWER>>A majority of the board plus one. Which of the following is false? Directors can _____. - ANSWER>>Vote by proxy. For board of directors meetings, notice to owners ______. - ANSWER>>Must be posted conspicuously on the property 48 hours in advance. After the board of directors votes to approve a routine expenditure, one of the members in the audience who arrived late stands up and asks to discuss the issue. What should the president do? - ANSWER>>Declare further debate is out of order and continue the meeting. If a proxy is given on May 30th for a meeting on June 13th, when does it expire? - ANSWER>>90 days after the original meeting for which it was issued. Per 718 and 719, associations must maintain a roster containing ______. - ANSWER>>Name, address, unit number and phone number. Association records must be made available to a unit owner within _____ miles of the association property or within the county of the association property. - ANSWER>>45. The following is not an example of official documents releasable to an owner. - ANSWER>>Personnel records. A budget is merely a preview of _____. - ANSWER>>Next years expenses. A two-building co-op gets estimates for roof replacements. The board is surprised to find that it will only cost $6000 per building to replace the roofs. Which of the following is correct with respect to roof reserve? - ANSWER>>Roof reserves are required by statute, regardless of cost, and the reserves for each building roof may be maintained in separate reserve accounts, if desired. When reserve funds are not funded fully, it requires ____ to approve the action. - ANSWER>>A majority vote at a duly called meeting of the association. Most budgets are adopted by the ______. - ANSWER>>Board of directors. Condo assessments must be paid at least ______. - ANSWER>>Quarterly. The members of the surf and sand condo successfully petitioned the board to reconsider the annual budget. Within how many days of receiving the petition does the board have to call a special meeting of the membership to reconsider? - ANSWER>>60 days. What does not have to be on a claim of lien against a co-op parcel? - ANSWER>>List of other liens against the unit. If a developer does not guarantee the budget, dues are collected on all developer - owned units from ____ until the date the developer sells the unit. - ANSWER>>The date the declaration is recorded and the date of the certificate of occupancy. Which of the following items do not need to be turned over to the association by the condo developer? - ANSWER>>Total sales income of all units. Which of the following is not an example of accrual accounting? - ANSWER>>Posting the June landscaping bill on the date it was received, 7/3. Upon the request of a unit owner, the board of directors must deliver a certificate of status of assessment within ____ days. - ANSWER>>15. An association having revenues less than ____ is only required to prepare a report of cash receipts and expenditures. - ANSWER>>$150,000. The shady oaks condo has 299 units and an annual revenue of $303,000.00. Unless the membership votes to change it, what type of financial statement is required? - ANSWER>>Reviewed. Property taxes on the common property of an association are assessed against _____. - ANSWER>>The individual units. Risk control includes which of the following? - ANSWER>>Exposure control, loss prevention, and contractual transfer to risk Risk retention is sometimes referred to as ______. - ANSWER>>Self insurance. In the order of importance, the three basic requirements for investing the association funds are ____, _____, and _____. - ANSWER>>Safety, liquidity, and return. The form that verifies that a contractor has adequate liability and workers compensation insurance is called a ______. - ANSWER>>Certificate of insurance. Which of the following insurance claims adjusters would be paid for by the insurance company? - ANSWER>>Insurance company employee and public adjuster. The blown wind condo experienced $100,000 damage during hurricane Helga. The building value is $1,000,000 and the wind policy has a 3% deductible. How much should the association plan on receiving for citizens insurance? (0.03 x $1,000,000 = $100,000. $100,000 - $30,000). - ANSWER>>$70,000. The two general types of property insurance are ____ and ____. - ANSWER>>Named peril (special form) / all risk. Which of the following in regards to hazard insurance applies to a condo built in 1980? - ANSWER>>The association must insure the condo property located outside the units, as well as the condo property inside the units as such property was initially installed. Association employees who handles funds and the president, secretary and treasurer of the association should be bonded for ______. - ANSWER>>The maximum funds that will be in the custody of the association at any one time. The type of insurance that protects members of the board of directors except for fraud, ignorance, or lack of due caution is called _____. - ANSWER>>Directors and officers. The definition of ' public lodging establishment ' includes any unit that is regularly rented for periods of less than _____ days. - ANSWER>>30. Associations operating a pubic lodging establishment should be aware of FL statute 509 which concerns ______. - ANSWER>>Fire safety. Any elevator operator who does not report an accident within ___ days is subject to an administrative fine of not more than _____. - ANSWER>>$1000. Licensed security guards must _____. - ANSWER>>Wear a uniform with a patch or emblem that clearly identifies the security the security company.