Florida Community Association Manager Practice Exam

Are HOAs regulated by the state?

1. Yes, they are regulated

2. No, they are not regulated

3. Only certain types of HOAs

4. Regulation depends on the size of the HOA

The correct answer is: No, they are not regulated

In Florida, homeowners' associations (HOAs) are indeed subject to state regulation, which makes the response indicating that they are not regulated incorrect. The correct understanding is that HOAs operate under the Florida Statutes, specifically Chapter 720, which provides the framework for their governance and operation. This regulation encompasses various aspects, including the establishment of governing documents, rules concerning assessments, and the rights and responsibilities of members and the association itself. The law offers protections to homeowners and outlines the processes for meetings, voting, and the enforcement of rules. Moreover, certain types of communities, such as condominiums, are governed under different statutes (such as Chapter 718). The amount of regulation does not depend on the size of the HOA, as all community associations must comply with state laws regardless of their number of members. Understanding the regulatory framework is crucial for community association managers to ensure compliance and proper governance of the associations they manage.