Florida Community Association Manager Practice Exam

What is a primary responsibility of a developer after selling all units?

1. Reinvest profits back into the community

2. Manage the community association

3. Turn over the property to the members

4. Obtain a new building permit

The correct answer is: Turn over the property to the members

The primary responsibility of a developer after selling all units is to turn over the property to the members. This process, often referred to as "turnover," signifies the transition of control and responsibility from the developer to the community association created by the homeowners. This includes handing over relevant documents, financial information, and management responsibilities so that the owners can manage their community and make decisions regarding its future. Once the developer sells all units, their role shifts from being in charge of the development to facilitating an organized transfer of power to the homeowners, ensuring that the community association is properly established and operational. This is a crucial step in empowering the residents and ensuring that they have the autonomy to govern their community.