Florida Community Association Manager Practice Exam

What is the fee that coops must file with the DBPR per unit to be constructed?

1. $10

2. $20

3. $30

4. $40

The correct answer is: $20

The correct fee that cooperatives must file with the Department of Business and Professional Regulation (DBPR) for each unit to be constructed is $20. This fee is established to ensure that proper records and regulations are maintained when new units are developed within a cooperative. Such fees are important because they help fund the regulatory processes that oversee and ensure compliance with state guidelines for community associations, including coops. Understanding the regulatory framework and associated fees is crucial for anyone involved in community management, as these fees support the administration, oversight, and services provided by the DBPR. Knowledge of the correct amount is essential for budgeting and financial planning within the cooperative, thus ensuring that all necessary filings are completed accurately and on time.