Florida Community Association Manager Practice Exam

What is the total voting interest required for a condo or coop quorum?

1. 30% TVI

2. 50% TVI

3. 60% TVI

4. 70% TVI

The correct answer is: 50% TVI

A quorum is essential for conducting official business in a condominium or cooperative association. In Florida, the law stipulates that a minimum of 50% of the total voting interests (TVI) must be present in order to establish a quorum for meetings and to allow for valid voting. This requirement ensures that a sufficient number of members are involved in the decision-making process, reflecting the will of the community as a whole. Having a quorum helps to prevent a small number of members from making decisions that affect all owners, thereby fostering a more democratic process in governance. The requirement of 50% TVI for a quorum signifies a balanced approach, ensuring that at least half of the community is represented. In contrast, the other percentages (30%, 60%, and 70% TVI) do not align with the established legislative requirements for quorums in Florida, thereby failing to meet the necessary threshold for valid association meetings.