Florida Community Association Manager Practice Exam

What percentage of the total units conveyed must occur before a developer is required to call a meeting for election of directors?

1. 10%

2. 15%

3. 25%

4. 50%

The correct answer is: 15%

In the context of community associations in Florida, particularly regarding the transition from developer control to homeowner control, the law stipulates that the developer must call a meeting for the election of directors once a specific percentage of units have been sold or conveyed. The correct percentage is 15%. This requirement is important to ensure that homeowners have a voice in the governance of their community as soon as a substantial number of residents have moved in and taken ownership. The law aims to facilitate a smooth transition and empower homeowners to participate in decision-making processes within their association. Understanding this requirement is crucial for community association managers and developers alike, as it influences the timeline for transitioning control and the dynamics of governance within the community.