Florida Community Association Manager Practice Exam

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Prepare for the Florida Community Association Manager Exam. Review flashcards and multiple choice questions with hints and explanations to boost your score. Ace your exam!

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What is the additional fee for an expedited estoppel certificate requested within 3 business days?

$50
$125
$100
$75

The correct answer is: $100

The additional fee for an expedited estoppel certificate requested within three business days is indeed $100. This is established by Florida law to provide a clear guideline for community associations when they need to expedite the process of issuing estoppel certificates, which are essential in property transactions. Estoppel certificates serve as a verified statement regarding the financial obligations of a homeowner to the association, and having the option for expedited processing helps facilitate timely real estate closings. The $100 fee reflects the extra administrative effort required to prioritize these requests, ensuring that associations can manage their resources and maintain financial integrity while serving the needs of homeowners and potential buyers effectively.