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 fee an estoppel can charge to expedite the process?

$50
$75
$100
$150

The correct answer is: $100

The fee that an estoppel can charge to expedite the process is established by Florida law, specifically under the Florida Statutes related to community associations. As per current regulations, an estoppel certificate issuer is allowed to charge a maximum fee of $100 for providing expedited services. This is crucial because it sets a standard for community association managers and ensures that they can recoup some of the costs associated with processing these requests quickly. Understanding these limits is essential for compliance and financial management within community associations. In this context, the other options reflect amounts that exceed or fall below the regulated fee, which can lead to misunderstandings regarding allowable charges in expedited situations. Hence, knowing the correct fee helps maintain transparency and fairness in financial dealings with members of the community.