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18 Cards in this Set
- Front
- Back
In order to receive compensation, for what duties must a person be licensed as a CAM? |
- Controlling or disbursing funds - Preparing budgets/financial documents - Providing notice or conducting meetings - Coordinating maintenance - Other services involved with operation of a community association |
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A person (alone or as part of a management firm) must have a community association license based on what in regards to a community associations unit number and budget? |
License necessary if unit number is more than 10 or if budged is in excess of $100,000
* units and budgets are cumulative when managing more than one association
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What compensated duties can a person perform without a CAM license? |
- clerical or administrative duties performed under a licensed CAM - maintenance duties - does not assist in any management services |
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Must a person be licensed as a CAM for a residential, non-residential, or both types of community associations? |
Only for a residential (non-residential being shopping centers, offices, rental apartment buildings, etc) |
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For how long a period of time is a CAM license issued? What are the beginning and ending dates of this period? |
- 2 years - Beginning on an EVEN numbered year Oct 1 to Sept 30 of the next even numbered year |
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What 5 status categories does a CAM license have? |
- Active - Non-Active - Expired - Suspended - Revoked |
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To maintain an active license, on what date must all fee's be paid?
What is necessary to maintain an active status? |
Sept 30, prior to renewal period
- current in continuing education requirements - pay renewal fee |
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What is a non-active CAM license, and what must one do to maintain it? |
A person retains valid license but does not provide services
- Must complete DBPR CAM 4 form and pay fee - surrender license to the state - pay renewal fee |
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How is a non-active status license restored to active? |
- a renewal cycle (20 hours) of continuing education *4 of which must be the legal update seminar - complete DBPR cam4 |
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What is a CAB? |
Community association management firm/business |
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When is a CAB license automatically cancelled? |
During any time period in which no individuals within the CAB have an active CAM license. |
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What is the license period for a CAB license? |
Same as a CAM license, but begins and ends on every ODD year
(2 years, Oct 1 - Sept 30) |
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What (7) things are CAM's and CAB's legally prohibited to do? |
- interpreting/applying governing documents or governing laws to the board or members - preparing and releasing claims of lien for unpaid assessments - completing the initial Questions and Answers form (it can be updated later with review of attorney) - determining time, method or form of meeting notices - determining votes necessary - preparing notices of commencement or any other docs dealing with ownership rights of the units - preparing contracts for the association or any third party - take any action requiring a vote by members, or that the documents reserve for the board |
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What (6) things are CAM's and CAB's legally permitted to do? |
- completing or making changes to the dept. of state annual report - preparing certificates of assessment - preparing first and second notices of election - preparing notices for annual board meetings - preparing ballots - preparing affidavits of mailing |
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How long does a CAM have, after termination or after written request, to hand over official association records? How long can a CAM retain records for an ending statement or report? |
- 10 days
- 20 days |
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If a notice of non-compliance (for minor violations) is issued against a CAM or CAB, how long do they have to correct or take action to correct the issue? |
15 days |
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The RCCAM stands for what, and is part of what entity? |
Regulatory Council of Community Association Managers
Part of the DBPR |
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1) RCCAM has how many members? 2) Who appoints the members 3) How long do they serve? 4) What 2 types of qualifications are divided among the members? |
- 7 members - Appointed by the Governor and confirmed by the Florida Senate. - Serve for 4 years
- 5 members must have licensed CAM's for at least 5 years 2 must be FL residents unconnected with the community association business |