Florida Community Association Manager Practice Exam

What is the minimum ownership percentage for a developer to appoint a director in a condo with less than 500 units?

1. 3%

2. 5%

3. 4%

4. 2%

The correct answer is: 5%

In Florida, the requirement for a developer to appoint a director in a condominium association is tied to ownership and is specifically codified in the statute governing these types of associations. For a condominium with fewer than 500 units, a developer must own a minimum of 5% of the total units to have the authority to appoint members to the board of directors. This provision is designed to ensure that developers maintain a certain level of investment and involvement in the association's governance, allowing them to influence decisions and policies that may impact the property and its residents. By stipulating a specific percentage, the legislature aims to balance the interests of both owners and developers, particularly in the early stages of the community's operation when a developer often retains significant control. Understanding this requirement is important for current and future community association managers, as it reflects the intricate balance of power and involvement within condominium governance structures.