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FLORIDA COMMUNITY ASSOCIATION
MANAGER LICENSING EXAM 2025
QUESTIONS AND VERIFIED SOLUTIONS|
ABSOLUTE SUCCESS GUARANTEED.
1. Community Association (Definition) - ANSWER-a residential homeowners'
association in which membership is a condition of ownership (mandatory) of a
unit in a planned unit development, or of a lot for a home or a mobile home, or
of a townhouse, villa, condominium, cooperative, or other residential unit
which is part of a residential development scheme and which is authorized to
impose a fee (assessment) which may become a lien on the parcel.
2. Assessment - ANSWER-The amount of money a unit or parcel owner pays for
their share of the expenses of the community association. The statute allows
association to file an assessment lien against the unit or parcel if unpaid.
3. Condominium - ANSWER-that form of ownership of real property created
pursuant to this chapter (Section 718), which is comprised entirely of units that
may be owned by one or more persons, and in which there is, appurtenant to
each unit, an undivided share in common elements
4. What does a condo association own? What is deeded in the association's name?
- ANSWER-Nothing. NOTHING. The association is responsible for the
insurance and maintenance, but it has no deed in its name.
5. Who owns the common elements in a condominium association? - ANSWER-
All the owners own common elements jointly.
6. Cooperative (definition) - ANSWER-that form of ownership of real property
wherein legal title is vested in a corporation or other entity and the beneficial
use is evidenced by an ownership interest in the association and a lease or other
muniment of title or possession granted by the association as the owner of all
the cooperative property.
