Practice Test

1. Condominium form of ownership is comprised of units owned by one or more persons and joint ownership of ________ share in the common elements.

Question 1 of 100

2. 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 coops have the specific authority to acquire title.

Question 2 of 100

3. A person doing the following for remuneration must have a license.

Question 3 of 100

4. Application for renewal of a CAM license shall be postmarked by ___________ . If renewal application is postmarked after ____________ of the renewal year, the license shall be deemed expired.

Question 4 of 100

5. Restrictive covenants that run with the land as permanent restrictions remain in effect until ________.

Question 5 of 100

6. The Cooperative documents must contain all of following except ________.

Question 6 of 100

7. The ______ creates the association and the ______ creates the condominium.

Question 7 of 100

8. What defines the membership and the voting rights of the Association?

Question 8 of 100

9. The ______ establish(es) the procedures for carrying out the day to day responsibilities of the association.

Question 9 of 100

10. If the governing documents of an association conflict, which of the following is the proper order of priority?

Question 10 of 100

11. When we are talking about amending the documents, which of the following is correct?

Question 11 of 100

12. In a Chapter 720 Homeowners Association, which of the following is required to amend the governing documents?

Question 12 of 100

13. That property owned by the association for the use and benefit of its owners is called _______.

Question 13 of 100

14. The portion of the community property shared by all of the owners and members is _______.

Question 14 of 100

15. The part of a condominium that is subject to exclusive use is called _______.

Question 15 of 100

16. Common elements may be enlarged _________.

Question 16 of 100

17. Condominiums created after April 1, 1992 may allocate shares of common elements by ________.

Question 17 of 100

18. The board of directors at the Sunshine Condominium agreed to increase the size of the main swimming pool. Which of the following would be required to make this happen?

Question 18 of 100

19. Prior to transition of an HOA, the developer may amend the documents ______________________.

Question 19 of 100

20. The developer supplies the association with the copies of the certificates of occupancy ___________.

Question 20 of 100

21. The association has the irrevocable right of access to each unit during reasonable hours for _________.

Question 21 of 100

22. For HOAs, members other than the developer are entitled to elect at least one member of the board if at least ____ of all parcels have been conveyed to members.

Question 22 of 100

23. Notice of an annual or special meeting usually does not contain ________.

Question 23 of 100

24. In a condo, the owners must be given ____ days notice before the meeting to approve the budget.

Question 24 of 100

25. It usually takes ______ days notice for a Board of Directors meeting and ______ days notice for an Owners meeting.

Question 25 of 100

26. Which would not be used as a proper method of meeting notification?

Question 26 of 100

27. The document which designates the one person who will vote for owners of a corporation is called a _________.

Question 27 of 100

28. What must be indicated on the outside envelope for a secret ballot?

Question 28 of 100

29. In addition to giving notice to all owners of a meeting, proof of notice is required. This is done by a(n) ______ from an officer of the association or by USPS _____ of mailing.

Question 29 of 100

30. Who/What usually determines the eligibility of members to serve on the Board of Directors?

Question 30 of 100

31. The general corporate law of Florida _____ require that officers be directors and ______ require that directors be members.

Question 31 of 100

32. Which of the following statements concerning elections is false?

Question 32 of 100

33. Which of the following is false concerning the certification of new members of an association board?

Question 33 of 100

34. Which is false concerning a secret ballot?

Question 34 of 100

35. The governing documents for the Water’s Edge Condominium call for a board of directors of between three and seven members.  The board currently consists of five members but the board wants to increase the number to seven.  When should this usually be done?

Question 35 of 100

36. A member of the board of directors writes a letter of resignation on May 10th stating that his resignation is effective May 30th.  The association receives the letter on May 20th.  When is the resignation actually effective?

Question 36 of 100

37. If a recall is disputed, then the board must file with the Division a petition for binding arbitration within ________ business days.

Question 37 of 100

38. If the documents do not set forth the officers, then each condominium and cooperative must have a minimum of _____ officers which could consist of ______ people.

Question 38 of 100

39. A condominium board of directors wants to appoint three new vice presidents. Which of the following is true?

Question 39 of 100

40. The election of officers usually takes place at the _______.

Question 40 of 100

41. All Board of Directors meetings are open meetings and any member of the association may attend with the exceptions of _________.

Question 41 of 100

42. _________ elect directors and ______ elect officers.

Question 42 of 100

43. ________ notice is required for a Board of Directors meeting.

Question 43 of 100

44. Items not on the board meeting agenda should not be discussed unless it is an emergency item that is approved by _________.

Question 44 of 100

45. Which of the following is false. Directors can ________.

Question 45 of 100

46. For board of directors meetings, notice to owners _________.

Question 46 of 100

47. 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?

Question 47 of 100

48. If a proxy is given on May 30th for a meeting on June 13th, when does it expire?

Question 48 of 100

49. Per 718 and 719, associations must maintain a roster containing ________.

Question 49 of 100

50. Association records must be made available to a unit owner within ___ miles of the association property or within the county of the association property.

Question 50 of 100

51. The following is not an example of official documents releasable to an owner.

Question 51 of 100

52. A budget is merely a preview of ________.

Question 52 of 100

53. A two-building cooperative gets estimates for roof replacements. The board is surprised to find that it will only cost $6,000 per building to replace the roofs. Which of the following is correct with respect to roof reserves?

Question 53 of 100

54. When reserve funds are not funded fully, it requires ____ to approve the action.

Question 54 of 100

55. Most budgets are adopted by the ______.

Question 55 of 100

56. Condominium assessments must be paid at least _______.

Question 56 of 100

57. The members of the Surf and Sand Condominium 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?

Question 57 of 100

58. What does not have to be on a claim of lien against a Cooperative parcel?

Question 58 of 100

59. 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.

Question 59 of 100

60. Which of the following items do not need to be turned over to the Association by the condominium developer?

Question 60 of 100

61. Which of the following is not an example of accrual accounting?

Question 61 of 100

62. Upon the request of a unit owner, the Board of Directors must deliver a Certificate of Status of Assessments within ____ days.

Question 62 of 100

63. An association having revenues less than _________ is only required to prepare a report of cash receipts and expenditures.

Question 63 of 100

64. The Shady Oaks condominium 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?

Question 64 of 100

65. Property taxes on the common property of an association are assessed against _______.

Question 65 of 100

66. Risk control includes which of the following?

Question 66 of 100

67. Risk retention is sometimes referred to as ________.

Question 67 of 100

68. In the order of importance, the three basic requirements for investing the association funds are ____, _____, and _____.

Question 68 of 100

69. The form that verifies that a contractor has adequate liability and worker’s compensation isnurance is called a _______.

Question 69 of 100

70. Which of the following insurance claims adjusters would be paid for by the insurance company?

Question 70 of 100

71. The Blown Wind Condominium 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 from Citizens Insurance?

Question 71 of 100

72. The two general types of property insurance are _____ and _____.

Question 72 of 100

73. Which of the following in regards to hazard insurance applies to a condominium built in 1980?

Question 73 of 100

74. Association employees who handle funds and the President, Secretary and Treasurer of the association should be bonded for _____.

Question 74 of 100

75. The type of insurance that protects members of the Board of Directors except for Fraud, Ignorance or Lack of Due Caution is called  _____.

Question 75 of 100

76. The definition of ‘public lodging establishment’ includes any unit that is regulary rented for periods of less than _____ days.

Question 76 of 100

77. Associations operating a public lodging establishment should be aware of Florida Statute 509 which concerns _____.

Question 77 of 100

78. Any elevator operator who does not report an accident within _____ days is subject to an administrative fine of not more than _____ dollars.

Question 78 of 100

79. Licensed security guards must _____.

Question 79 of 100

80. Owners of public swimming pools must obtain a permit from the _____.

Question 80 of 100

81. Which of the following do not have to be included on the posted Pool Rules sign?

Question 81 of 100

82. The association manager is spraying the common area walkways for bugs, and an owner asks the manager to spray her kitchen. What should the manager do?

Question 82 of 100

83. Which of the following statements concerning towing is true?

Question 83 of 100

84. A 400-unit condominium has an annual budget of $175,000 plus $25,000 for reserves. It needs to replace a roof that will cost $7,800. Which of the following is correct?

Question 84 of 100

85. Which of the following does not have to be listed in a maintenance contract?

Question 85 of 100

86. Any contract made by the developer prior to turnover may be cancelled by a vote of ______ % of the owners.

Question 86 of 100

87. The Nirvana HOA with nine lots has an operating budget of $100,000 and reserve budget of $20,000. Under which situation must they obtain competitive bids?

Question 87 of 100

88. The maximum period for warranties extended to an association is for _________ year(s) from completion of the building or ________ year(s) from the time that the owners assume control whichever occurs last.

Question 88 of 100

89. The Board of Directors has met its fiduciary responsibility to the association when it seeks the advice of its _____.

Question 89 of 100

90. The least used form of management is _____.

Question 90 of 100

91. The most common method of managing an association is _____.

Question 91 of 100

92. Rules and Regulations must pass what two tests?

Question 92 of 100

93. The basic concept of fairness in rules enforcement that results in the forfeiture of the enforcement rights when not used in a timely fashion is called _____.

Question 93 of 100

94. Which of the following are emergency powers granted to the condominium board if a state of emergency has been declared?

Question 94 of 100

95. Some documents restrict the right of sale of units and require the approval of the Board of Directors. This is called the _____.

Question 95 of 100

96. Suzy has decided to rent the condominium she is currently living in for another year. Which of the following is true?

Question 96 of 100

97. Which of the following is not a ‘dispute’ requiring arbitration for condominiums?

Question 97 of 100

98. Which of the following disputes between a homeowner association and a parcel owner does not need to be filed with DBPR for mandatory mediation before the dispute is filed in court?

Question 98 of 100

99. Which of the following statements is true concerning the Office of the Condominium Ombudsman?

Question 99 of 100

100. Arbitrators assigned by the division to hear disputes must be _____.

Question 100 of 100