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14 Cards in this Set
- Front
- Back
- 3rd side (hint)
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The process for obtaining a community association managers license, renewal provisions and standards of professional conduct is set forth in the |
Florida Administrative Code and Chapter 468, Part VIII |
Explanation: The requirement for licensure and scope of duties are set forth in the Florida Administrative Code and Chapter 468, Part VIII |
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When must the developer of a cooperative apartment building turn over control of the association to the owners |
When no units are being offered for sale in the ordinary course of business |
Explanation: Owners other than the developer are entitled to elect not less than a majority of the members of the board of directors when no units are being offered for sale by developer in the ordinary course of business; or seven years after creation of the cooperative association. |
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Which of following types of insurance is not common among condominium associations? |
Performance bond |
Explanations: A Performance Bond is provided by a contractor, not the association, and will pay for any additional work to finish the job should a contractor fail to complete it in accordance with the terms of the contract |
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Where does a condominium association’s board of directors file written notice of a new registered agent’s name and registered office? |
Department of State |
Explanation: if there is a change in the association’s registered agent, the change should be filed with the Department of State |
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A seventy-five-unit homeowners association does NOT employ a manager; however, it does employ a maintenance supervisor who coordinates the day-to-day maintenance of the property in accordance with part VII of chapter 468, Florida statutes. The maintenance supervisor |
Need not to be licensed as a community association’s manager |
Explanation: A person who is charged only with performing the maintenance of a community association and who does not assist in any management services is not to be licensed |
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Within how many days after executing a contract for purchase of a timeshare period can the purchaser cancel the contract without penalty or obligation? |
10 days |
Explanation: All contracts for sale of timeshares must include the following language: You may cancel this contract without any penalty or obligation within 10 calendar days after the date you sign this contract or the date on which you receive the last of all documents required to be given to you pursuant to section 712.07(6), Florida Statutes, whichever is later. |
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The declaration of condominium will always include the |
Percentage of ownership of common elements |
Explanation: By law, to be valid, the Declaration must provide an identification of each unit by letter and number, the percentage of each owners share of the condominium, voting rights, easements for ingress and egress, survey, and a plot plan. |
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On the top floor of the condominium building is a gourmet restaurant that is open to the general public. The restaurant is leased to the restaurareur but is part of the common elements of condominium. According to the Americans with Disabilities Act, the association must |
Install ramps and other modifications to ensure that the restaurant, elevators and public restrooms are accessible to handicapped persons. |
Explanation: the ADA requires for the handicapped to all common-area facilities. Since the restaurant is part of the common elements and is only being leased to the restaurateur, providing access is the association’s responsibility. |
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A maintenance or management agreement with a condominium association in Florida is only enforceable if it specifically identifies the |
Services, obligations and responsibilities of the person(s) employed to provide the service |
Explanation: the agreement or contract mis specify the obligations and responsibilities of the manager as well as the cost of each service, the frequency it is to be delivered, the number of persons employed to provide the service, and any relationship between the management and the association. If these are not set forth, then the contract cannot be enforced. |
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Which provision is NOT required for a valid contract between an association and a party providing maintenance or management services to the association? |
The term of the contract may not exceed one year |
Explanation: the term of the contract is NOT requieres for a valid contract between an association and a party providing maintenance or management services to the association. |
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Instead of purchasing a unit, the buyer of a cooperative apartment |
Purchases shares in the corporation |
Cooperative means that form of ownership of real property wherein legal title is vested in a corporation or other entity. The units and common areas are owned by a corporation; residents own the shares in that corporation |
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Unless an enforcement action is field in court, a claim of lien on a condominium unit for delinquent assessments is in effect from the time of recording for a period of?? |
12 months |
Explanation: the association has a lien for all unpaid assessments and evidences it’s claim for delinquent assessments by filling a "claim of alien” with the clerk of the circuit court in the county where the condominium is located. The claim of lien is effective from the time of its recording for a period or 12 months. |
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A condominium unit owner has asked the Board for approval of an electric vehicle charging station. What is NOT required? |
The charging station must be approved by owners using adjacent parking spaces |
Per Florida Statute, owners have the right to install an electric vehicle charging station within the boundaries of their limited common element parking area |
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The original corporate structure of a condominium association is established in the... |
Articles of incorporation. |
The articles of incorporation provide the framework for the organization of the association and define its membership and the voting rights of the members. The term Articles of Incorporation includes the original document creating the association and all amendments to it, and any other documents that define the existing form, memberships, and responsibilities of the association |
