Community Association Management Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Community Association Management? On this page you'll find 29 study documents about Community Association Management.
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Community Association Management (M-100) Questions with Correct Answers
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Community Association Management 
(M-100) Questions with Correct Answers 
- CORRECT ANSWERDoes a condo owner who manages his own community on a part-time basis need a real 
estate license? - CORRECT ANSWER-No 
Does a CPA who collects association assessments need a real estate license? - 
CORRECT ANSWER-No 
Does a person working for a management company and managing only one association 
need a real estate license? - CORRECT ANSWER-Yes 
Does a developer's employee who manages all of the deve...
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Comprhensive CAM Exam Test Bank with 100% Correct Answers
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clear elaborate answers
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M100 Community Association Management 100% Correct Answers |UPDATED|
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M100 Community Association Management 100% Correct Answers |UPDATED| 
Each of the following are key characteristics of community associations EXCEPT: 
a. Mandatory lien-based economic charges or assessments are levied on each owner in order to 
operate and maintain the community association. 
b. Membership in the community association is mandatory and automatic for all owners. 
c. A requirement of community association ownership is serving on the board of directors. 
d. Certain documents bind a...
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Latest CAI Exam Flashcards with 100% Correct Answers
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Latest CAI Exam Flashcards with 100% 
Correct Answers 
Community Association *Ans* legal entity in which the owners enjoy the protection, 
enhancement, maintenance and preservation of their homes and property. 
What're the three defining characteristics of community associations? *Ans* 1. 
Membership in the community association is mandatory and automatic for all owners 
2. Certain association governing documents bind the owner and the association to each 
other through mandated actions. 
3...
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#1 Florida Cam Exam with 100% Correct Answers |Latest Release|
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#1 Florida Cam Exam with 100% Correct 
Answers |Latest Release| 
A Community Association is generally defined as real or personal property, owned by two 
or more entities, which share the responsibility for the costs of maintenance and 
administration *Ans* True 
Purchasers of a timeshare plan have a ten day contract rescission period in which to cancel 
the purchase *Ans* True 
The Florida Fair Housing Act prohibits discrimination on the basis of handicap 
*Ans* True 
A valid Declaration o...
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M100 Verified Exam Elaboration and Approved Study Guide [100% Correct]
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M100 Verified Exam Elaboration and 
Approved Study Guide [100% Correct] 
Community Association *Ans* Mandatory memberships, mutually binding contracts, 
lien-based assements 
Purpose of community association *Ans* Provide for the community, business, and 
governance aspects of the association 
Basic types of community association *Ans* Planned communities, condominium, and 
cooperatives 
Planned community *Ans* HOA, owner association 
Condominium *Ans* Owner of his/her unit 
Cooperative *Ans...
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Random CMCA Practice Test Questions (Under Construction) Q&A 100% Correct
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Random CMCA Practice Test Questions 
(Under Construction) Q&A 100% Correct 
C. A work order/response form - A, B, and D speak to elements OTHER than a control to 
ensure maintenance work is completed. *Ans* Which of the following is a common 
management control for ensuring maintenance work is performed in a timely manner? 
A. A purchase order system 
B. An equipment warranties 
C. A work order/response form 
D. A contractor's invoice 
C. Maintenance responsibility chart along, with the gove...
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FLORIDA LCAM 2024 Test Review with 100% Correct Answers
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FLORIDA LCAM 2024 Test Review with 
100% Correct Answers 
Four Main Types of Associations in Florida *Ans* Condominiums 
Cooperatives 
Homeowner's Associations (Mandatory) 
TimeShares 
Does the structure, architecture, or look of the building or buildings determine what type of 
Association it is? *Ans* No 
What determines the legal type of association that applies to a property? *Ans* The 
Association's Documents 
Assessments *Ans* 
Residential Condominiums are distinguished by these thre...
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#1 Community Association Manager Licensing Exam Revised Guide [100% Correct]
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#1 Community Association Manager 
Licensing Exam Revised Guide [100% 
Correct] 
Community Association (Definition) *Ans* 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 m...
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Latest Capitus CAM Course Guide 100% Correct Q&A
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Latest Capitus CAM Course Guide 100% 
Correct Q&A 
Which person needs to hold a license? 
A. A condo owner who manages his own community on a part-time basis. 
B. A CPA who collects assessments and pays vendors and professionals. 
C. A person working for a broker and managing only one association on site. 
D. A developer's employee who manages all of their properties until turnover. *Ans* C. A 
person working for a broker and managing only one association on site. 
Why: any non-exempt person ...
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