Card Set Information
Community Association Management
To review the community association operation and management requirements
Name the five functions that require licensure of a manager or a management firm in a community association, if receiving compensation.
Controlling or disbursing funds of a community association.
Preparing budgets or other financial documents for a community association.
Assisting in noticing or conducting community association meetings.
Coordinating maintenance for a residential community association.
Performing other day to day services involved with the operation of a community association.
What is the definition of a community association management firm?
If an association has ___ units or a budget of _____ and pays a manager or management firm, the manager and/or management firm must be licensed
Name four exceptions to the licensure requirement.
FL law does not require an association to hire a manager.
Officers or Board can "self-manage" regardless of size.
Volunteers do not need to be licensed.
Association can compensate director/officer for duties unrelated to position as long as not prohibited by legal documents.
Person performing CAM responsibilities under direct supervision of a CAM need not be licensed.
List the requirements and actions necessary to become a licensed CAM.
Minimum age of 18.
Have good moral character.
Complete a state approved pre-licensing course within 12 months prior to the date of examination.
Provide electronic fingerprints prior to submitting application to DBPR.
Send in completed application form.
Successfully complete the application process and background investigation and be approved to take the state exam.
Pass a state multiple guess exam with 75% grade or better.
For what reasons might an individual be denied a CAM license? And a management firm?
Having provided management services requiring licensure without requisite license.
Licensure period for a CAM is ____? For Management firm is ____?
2 year term beginning October 1st of even number years ending September 30 of odd numbered years.
A CAM must meet what educational requirements to qualify for renewal of his license.
4 hours of Legal Update seminars
- 2 hour Legal Update seminar each year of the biennial renewal period.
4 hours of Insurance & Financial Management
4 hours of Operation of Community Physical Property
4 hours of Human Resources.
4 hours Any area approved by DBPR
What does the state examination test and what are the approximate percentages for each?
Licensure status categories include:
Define five standards of professional conduct that are automatically considered to be incorporated into any agreement for CAM services.
What is the procedure when an individual has a complaint about a CAM or Firm?
List five reasons a CAM or management firm might be disciplined.
Provide 7 responsibilities of the DBPR in regulating CAM and Firms
Describe the composition of the Regulatory Council of CAM.
Identify 7 responsibilities of the RCCAM.