Florida Community Association Manager Practice Exam

What is the consequence if a developer offers new units for sale after turning over the property?

1. They cannot continue as a developer

2. They may need to retake control of the property

3. They must form a new association

4. They are prohibited from selling any property

The correct answer is: They may need to retake control of the property

When a developer turns over a property to the community association, they typically relinquish their control and responsibilities associated with that property. However, if the developer chooses to offer new units for sale after this turnover, it may indicate that they still have interests in the project or additional units to sell. In this scenario, retaking control of the property could be necessary to manage the new sales effectively. This means that the developer would need to re-establish their authority over the property to ensure that the sale process complies with any applicable laws, regulations, and agreements with the community association. Taking control again would allow the developer to oversee the new sales and their implications for both the community and the association. Furthermore, they must ensure that any new offerings align with the existing governing documents and fulfill obligations to the current owners. This requirement emphasizes the importance of governance and management within community associations, highlighting that proper oversight is crucial for maintaining community standards and property values. The other options suggest different scenarios that do not typically apply when considering the context of a developer's actions post-turnover. Each of those options falls outside the usual legal and operational norms in community association management in Florida.