Florida Community Association Manager Practice Exam

What is the maximum fee that timeshares must file with the DBPR?

1. $1,000

2. $25,000

3. $5,000

4. $10,000

The correct answer is: $25,000

The maximum fee that timeshares must file with the Department of Business and Professional Regulation (DBPR) is established to ensure that timeshare developers contribute appropriately to the regulatory oversight of their operations. The correct answer, $25,000, represents the upper limit set by Florida law for timeshare registration fees. This fee is intended to cover the costs associated with the processing and regulation of timeshares, including ensuring compliance with state laws and protecting consumer interests. This substantial fee also reflects the complexity and scale at which timeshares operate. Timeshare development can involve significant investments and a broad range of regulatory considerations, which necessitate a robust framework for monitoring and enforcement. Understanding this fee is important for community association managers and developers alike, as it emphasizes the commitment to maintaining responsible industry practices and the protection of consumers engaging in timeshare arrangements. This amount ensures that the DBPR has the necessary resources to adequately oversee and manage the timeshare market within Florida.