Florida Community Association Manager Practice Exam

What does FS 719 refer to?

1. Condominium Act

2. Cooperative Act

3. Timeshare Act

4. Real Estate Act

The correct answer is: Cooperative Act

FS 719 refers to the Cooperative Act in Florida, which governs the formation, operation, and management of cooperative associations. This statute provides a framework for how cooperatives should be structured and operated, addressing key aspects such as the rights and responsibilities of the members, the governance of the cooperative, financial management, and dispute resolution processes. Understanding FS 719 is crucial for community association managers as it helps ensure compliance with the legal requirements that specifically pertain to cooperatives. This knowledge enables managers to better serve their communities and effectively navigate the distinct operational characteristics that come with managing cooperative living environments.