Florida Community Association Manager Practice Exam

What does FS 718 Part 1 define?

1. Operating Procedures for Condos

2. Statutory Requirements for Creating and Operating a Condo

3. Regulations for HOA Management

4. Liability Issues for Board Members

The correct answer is: Statutory Requirements for Creating and Operating a Condo

The definition provided by FS 718 Part 1 pertains specifically to the statutory requirements for creating and operating condominiums in Florida. This section of the Florida Statutes outlines the legal framework that governs the formation, management, and responsibilities of condominium associations. It establishes the necessary protocols for developers, owners, and associations to ensure compliance with state law. Key elements covered in this statute include the process for the creation of a condominium, the rights and duties of the unit owners and the association, as well as various requirements concerning governance and financial management. This legal framework ensures that all parties involved in a condominium community are aware of their rights and obligations, promoting transparency and adherence to regulations. In contrast, the other options touch on different aspects of community association management but do not align with the specific focus of FS 718 Part 1. Operating procedures for condos are typically addressed in the bylaws and rules of individual associations rather than in the statutory framework. Regulations for HOA management would be found in different sections of Florida law related to homeowners' associations, not specifically within the condominium statute. Liability issues for board members may also be discussed, but these would not be the primary focus of FS 718 Part 1, which is more about creation and operational standards rather