Florida Community Association Manager Practice Exam

Which act outlines the responsibilities of developers in the cooperative housing model?

1. Florida Cooperative Statute

2. FS 718 Part II

3. FS 719 Part II

4. Florida Fair Housing Act

The correct answer is: FS 719 Part II

The Florida Statutes, specifically FS 719 Part II, specifically address cooperative associations and outline the roles and responsibilities of developers in the cooperative housing model. This law is designed to establish a legal framework that governs the formation, management, and operation of cooperative housing ventures in Florida. Within FS 719, developers are required to provide essential disclosures to prospective buyers, uphold certain duties regarding maintenance, and ensure appropriate governance structures are in place. This statute is critical for protecting the interests of both developers and residents, ensuring that all parties comply with clearly defined standards and practices. In contrast, other options do not specifically detail developers' responsibilities within the context of cooperative housing. The Florida Cooperative Statute provides a broader overview but does not focus exclusively on the specifics of developer responsibilities. FS 718, on the other hand, primarily covers condominium associations and their corresponding regulations. Lastly, the Florida Fair Housing Act is concerned with preventing discrimination in housing and does not address the operational details of cooperative housing or developer duties.