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!

Practice this question and more.

What is the maximum fee an association may charge for preparing and delivering an estoppel certificate?

$150
$200
$250
$300

The correct answer is: $250

The maximum fee an association can charge for preparing and delivering an estoppel certificate is $250. This regulation is in place to ensure that the fees associated with these certificates remain reasonable and accessible to homeowners and potential buyers. An estoppel certificate is a document that outlines the financial obligations of a property owner to the association, and it is a crucial part of real estate transactions, particularly when property is being sold or refinanced. By capping the fee at $250, the law aims to prevent excessive charges that could otherwise burden property owners or deter potential buyers from pursuing transactions within a community association. It's important for community association managers to be aware of this limit to ensure compliance and maintain fair practices within the association.