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CAM EXAM QUESTIONS AND ACCURATE ANSWERS
A community manager informed the owner of a co-op unit that a copy of the association's insurance policy would be available for a charge of $.10 per page. The manager's action is
acceptable, as the association may charge a reasonable fee to reproduce or retrieve this public record.
Official records of a condominium or cooperative shall be maintained
in the association's office or with an association officer.
Board of directors
The representative entity that is the ultimate owner and is responsible for the management of the association.
When does a resignation by a director of a nonprofit corporation take place
the date of delivery of the resignation to the association, unless otherwise stated in the resignation notice.
An Annual Meeting of members, if required or appropriate, conducted no less often than annually, within 45 miles of the association property or within the same county.
Which of the following acts of a director of a condominium association is NOT criminal or unlawful?
The director does something wrong while acting in a manner he or she believes prudent and reasonable.
A condominium must have a website
when there are 150 or more units in the condominium
In a homeowner's association board meeting at which an item has been added to the agenda by a unit owner petition of 20%, the subject item must be
included on the agenda for the next board meeting or special meeting within 60 days.
Robert's Rules of order are useful during meetings to facilitate
proper conduct of business.
For what purpose shall the board of a condominium or cooperative association NOT establish any committee?
nominating a candidate for the board of directors.
A condominium association board meeting is discussing a new matter. It is not an emergency and is not listed on the agenda for that meeting. When can the board of directors take action on this new matter?
during a future board meeting after the matter has been placed on the agenda
A condominium association member's right to vote in community affairs may be
proxied.
When a vacancy occurs on the board of directors of an association,
the successor may be appointed by the board at the next board meeting.
The developer may elect at least one director on a homeowner's association board as long as the developer has at least what percent of the parcels for sale?
In a condominium, if a unit owner asks to access the association accounting records since the transition from the developer 20 years ago, the board must produce
account records of the association for each of the past seven years of operation within 10 days.
. Which document of governance describes how to implement the powers described in the articles of incorporation?
bylaws
. A director or an officer who, with intent to influence the conduct of the business, solicits or accepts anything of more than de minimis value from any person with whom the condominium association is contemplating or doing business, or with whom the condominium association expects to do business, shall be liable for
a civil penalty.
If a board officer's daughter runs a window cleaning business and is bidding on the
condominium association contract, the board officer has to disclose the relationship and MUST abstain from voting.
of directors. In a homeowners' association, which of the following applies when voting for
Voting by proxy is allowed.
The Olympus Condo Association holds its annual meeting and election of new directors each year on February 15. Which one of the following is necessary regarding notice, in that the first notice shall be mailed or hand-delivered to owners not less than 60 days before the annual meeting?.
An absent member of the board of directors of a condominium or cooperative association may participate in a meeting by telephone, and that member's vote shall be valid if
a telephone speaker is used.
CAM Portfolio Managers are employed by a management company and manage
more than one community association.
To levy a special assessment, a homeowners' association board must hold a meeting and notice must be
posted and mailed to all owners 14 days in advance.
In an owners association, if an amendment is proposed to the governing documents then the new language should be all
underlined.
In condominium associations, it is usually presumed that the right appurtenances refer to those rights which are
connected with the ownership of the property.
If, under the declaration of the condominium, there is no provision for amendment of the governing documents, then
amendment in the declaration may be done upon the
approval by all of the owners.
Community association manager license to practice is current for
2 years.
Which of the following is correct regarding court costs and attorney's fees that a cooperative association would have to pay if it prevails in a lawsuit against a
shareholder to compel him or her to comply with the Florida Cooperative Act?
The association may recover reasonable attorney's fees and costs.
Mr. & Mrs. Carter are unit owners in a condominium. Mr. Carter is the designated voter. When would their vote be IMPROPER?
Mrs. Carter is in attendance and Mr. Carter is not.
In a cooperative, which following statement is true about bulk cable and internet services?
The Board may execute the contract as a common expense.
In a Homeowners' Association, the owner owns
the house and land, out to the roadway.
About the terms and conditions of the sale or rental of a residence, the law which makes it unlawful to discriminate because of race, color, national origin, sex, handicap, religion, or familial status is the
Fair Housing Act.
In condominium and cooperative associations with five or less units, the bylaws must
The board of directors of a condominium association wish to build tennis courts on the common elements of the premises. The declaration of condominium does not indicate how a material alteration or addition to the common elements is to be approved. The tennis courts must be approved by
three-fourths of the total voting interests in the association.
Condominium Concept includes: exclusive ownership in one unit, joint ownership in common elements and
membership in the condominium association.
The board does NOT have to notify the _____________ when processing an insurance claim where property damages exceed
original developer
The fidelity bonding requirements of all board members and employees with the exception of are reviewed annually by the Allington Cooperative Association.
the on-site maintenance supervisor, who only coordinates and directs repairs of the complex
At what would damages be paid under in a cooperative property if a large tree fell because it was struck by an electric storm?
the association's fire and casualty insurance
What would NOT be a concern when an association's comprehensive insurance program is being selected?
which unit owners carry individual property insurance
A cooperative association maintains a monthly account balance of $25,000. What is the minimum bond requirement this co-op treasurer will be required to maintain for both reserve and operating accounts?
maximum total sum of cash in the association accounts
Deductibles selected are the primary reason some insurance policies cost more or less than others.
This insurance covers members of a cooperative association board for their liability with respect to management of the association.
Directors' and Officers' liability
When trying to obtain insurance to cover an association's assets, which of the following should be done first?
board of directors
A condominium unit owner is noticed of the board's decision to levy a fine for a violation and attends a hearing with a committee of other unit owners. If that committee does
not agree with the fine, the fine cannot be levied.
Which of the following is a necessary part of the uniform of an on-duty contracted security personnel?
Trooper, visible emblem of the employing licensed agency
paging: 237-
The bylaws of the Green Palms Cooperative provide for a 15 pound maximum weight for pets. A shareholder in one unit has a 35-pound dog and refuses to comply with the bylaws. What should the Board of Directors do?
File a petition with the Division of Condominiums, Timeshares and Mobile Homes for mandatory nonbinding arbitration.
Property maintenance or management services must be based upon a valid written contract with the association EXCEPT
when the service is going to be provided for less than one year.
Who is responsible to repair defective condominium common elements that are still under warranty?
the developer
A condominium association has 150 units and has an overall annual budget of $400,000. It is considering a contract for building maintenance. The contract will be subject to the requirements for competitive bidding if it exceeds
If the declaration for a condominium association provides that the association has the power to approve or disapprove leases, then the association also has the power to
require the unit owner to pay a transfer or screening fee.
A unit owner witnessed the manager spraying pesticide in the common area and asked the manager to spray pesticide in the owner's unit. The manager
should not spray pesticide in the unit.
A condominium or cooperative association may charge an applicant a screening fee for renting or purchasing a unit
only if the governing documents provide for a fee.
On what property may a master contractor file a lien if a master contractor fails to pay subcontractors for construction, services, or materials?
How many members does it take in a condominium association to approve a motion to waive funding of reserve accounts in a meeting called for that express purpose?
a majority of the voting interests present
What type of meeting should a condominium association board call when it needs to borrow funds from existing reserve accounts to pay for increased insurance premiums?
A membership meeting to approve use of the reserve funds to pay the insurance premiums.
What does the association attorney file with the county clerk's office if the association wants to enforce its lien for possession of a unit due to delinquent assessments?
Claim of Lien
A cooperative association desires to amend its original proposed association budget, but the assessments are in excess of 115% of the prior year's assessments. In order to adopt a substitute budget
a quorum of all voting interests must approve it at a special Budget Meeting.
The budget is generally approved by the board in most associations, unless otherwise provided
in the governing documents.
nosis
For investment purposes only a condominium association is allowed to commingle operating and reserve funds
if separate ledgers are maintained for each account.
If a unit owner is more than one month delinquent in paying an assessment if so stated in the governing
document a condominium board is allowed to
assess a late charge not to exceed the greater of $25 or 5% of each delinquent assessment.
The money held within a condominium association's reserve accounts can only be utilized for the intended purpose gathered unless there is prior approval by the association's
membership.
have to give written notice of its intention to do so to be able to collect attorney's fees?
45 days
How many days following the close of a fiscal year shall the condominium association deliver the detailed report of the financial statements to each unit owner?
Which one of the following must specifically be defined in a maintenance or management agreement with a condominium association if such contract is to be enforced?
Services, duties, and responsibilities of the person(s) hired to perform the service
An association has two low rise buildings, three tower buildings all buildings created as separate condominiums and a group of eight villas created as a separate single condominium. Under the Condominium Act, how many budgets must be prepared for the subject community?
one budget for the association and one budget for each condominium operated by the association.
How do real estate taxes get assessed in a condominium?
by the individual units.
Assessments for units in a condominium must be collected by the association at least ____________.
quarterly
