Florida Community Association Manager Practice Exam

If members own 15% of the unit, how many directors are they entitled to elect?

1. None

2. 1

3. 1/3

4. 1/2

The correct answer is: 1/3

When determining the number of directors that members can elect based on their ownership percentage, it’s important to reference the governing documents of the association and relevant Florida statutes. Typically, associations will have provisions that outline the proportion of ownership interest that corresponds to the right to elect members to the board of directors. In many cases, the percentage of ownership can translate into the number of directors a member can elect, but this is often defined or limited by the association's bylaws. If members own 15% of a unit, they typically have a fractional or proportional right to elect a board member based on their ownership stake. Given that 15% does not equate to a full director but rather a minor percentage, it might not grant more than one director. However, generally under Florida law and common practice, if the ownership exceeds a certain threshold, members would often at least be entitled to elect one director. Since 15% would commonly allow for the election of one director (and potentially more in some systems, especially in larger boards), it is sensible to interpret the provision that members with this percentage are entitled to vote for one of the available positions on the board. The answer indicating that members can elect one-third of the directors can seem reasonable in some contexts