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 annual fee per residential unit for Condominium and Cooperative Associations to the DFCTSMH Trust Fund?

  1. $2.00

  2. $3.00

  3. $4.00

  4. $5.00

The correct answer is: $4.00

The annual fee per residential unit for Condominium and Cooperative Associations to the DFCTSMH Trust Fund is indeed set at $4.00. This fee structure is established under Florida law to provide resources for the administration and operation of the trust fund, which ultimately supports various activities related to the oversight and regulatory responsibilities concerning community associations. It's vital for community association managers and board members to be aware of such fees, as accurate budgeting is crucial for the financial health of their associations. Understanding these fees helps ensure compliance with state regulations, allowing associations to plan effectively for their financial obligations while also supporting the services provided by the trust fund.

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