Podcast
Questions and Answers
Under what budget amount must a manager be licensed under Part VIII of Chapter 468?
Under what budget amount must a manager be licensed under Part VIII of Chapter 468?
- $125,000
- $50,000
- $75,000
- $100,000 (correct)
What type of joint ownership allows individuals to occupy a unit without holding legal title?
What type of joint ownership allows individuals to occupy a unit without holding legal title?
- Mobile home
- Cooperative (correct)
- Condominium
- Mandatory homeowners' association
What type of community association allows different people to own and occupy units throughout the year?
What type of community association allows different people to own and occupy units throughout the year?
- Time-share property (correct)
- Phase condominium
- Townhouse
- Cooperative
Appurtenances in a condominium or cooperative include rights of:
Appurtenances in a condominium or cooperative include rights of:
What is any person or firm licensed under Part VIII of Chapter 468 considered?
What is any person or firm licensed under Part VIII of Chapter 468 considered?
Which Florida statute regulates a homeowners' association where membership is mandatory for all owners?
Which Florida statute regulates a homeowners' association where membership is mandatory for all owners?
A board member of a condominium or cooperative association may accept items of value under which condition?
A board member of a condominium or cooperative association may accept items of value under which condition?
What document creates the set of covenants and restrictions for homeowners' association members?
What document creates the set of covenants and restrictions for homeowners' association members?
Which document does Florida's Condominium Act require for day-to-day operations of the association?
Which document does Florida's Condominium Act require for day-to-day operations of the association?
Which elements are specified by the Condominium Act for exclusive use by owners?
Which elements are specified by the Condominium Act for exclusive use by owners?
Where must each community association's governing documents be recorded to be effective?
Where must each community association's governing documents be recorded to be effective?
Who has the power to enforce compliance with the Condominium Act?
Who has the power to enforce compliance with the Condominium Act?
When existing rental property is converted to a condominium, what right does each tenant have?
When existing rental property is converted to a condominium, what right does each tenant have?
When do amendments to the homeowners' association declaration become effective?
When do amendments to the homeowners' association declaration become effective?
What must the Bountiful Gardens Condominium do before removing the swimming pool?
What must the Bountiful Gardens Condominium do before removing the swimming pool?
Study Notes
Licensing and Management
- A licensed manager is required under Part VIII of Chapter 468 if the community association's budget exceeds $100,000.
Types of Ownership
- Cooperative ownership involves individuals receiving the right to occupy a unit without holding legal title.
- Time-share properties allow different individuals to own and occupy individual units during specified times.
Community Association Structure
- Appurtenances in condominiums and cooperatives include usage rights, access to easements, and membership in the association.
- Licensed community association managers are characterized as capable of performing management services.
Legal Framework
- Homeowners' associations with mandatory membership and lien rights are governed by Florida Statute 720.
- The declaration establishes rights and responsibilities for homeowners, residents, and guests.
Governance Documents
- Bylaws are required by Florida's Condominium Act and Not-For-Profit Act for managing day-to-day operations.
- Amendments to homeowners' association declarations become effective when recorded with the clerk of the circuit court.
Exclusive Use Rights
- Limited common elements are designated for the exclusive use of specific owners within the community.
Compliance and Enforcement
- The Division of Florida Condominiums, Timeshares, and Mobile Homes holds the authority to enforce compliance with the Condominium Act.
Tenant Rights
- Tenants in existing rental properties converting to condominiums have the right to extend their leases.
Changes to Common Elements
- Modifications to common elements, such as removing a swimming pool, must comply with the declaration's language and be appropriately voted on by the membership.
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Description
Test your knowledge on the essential aspects of managing community associations in Florida. This quiz covers licensing requirements and ownership types relevant to community association managers. Ideal for those preparing for the Florida Community Association Manager exam.
