Florida Community Association Manager Practice Exam

Which of the following best describes TVI?

1. The total percentage of properties owned

2. The total voting interest in a community

3. The total number of members in good standing

4. The total number of properties within the association

The correct answer is: The total voting interest in a community

The total voting interest in a community accurately describes TVI, which stands for Total Voting Interest. This term is important in community association management as it reflects the collective power and influence of homeowners or members within an association. TVI is calculated based on the voting rights assigned to each unit or property and often pertains to decisions regarding governance, financial matters, and amendments to community rules. Understanding TVI is crucial for community association managers because it determines how many votes are required for various actions, such as electing board members or approving budgets. This concept emphasizes the democratic process within a community association, ensuring that all owners have a say proportional to their interest or stake. The other options focus on different aspects of community management but do not capture the essence of TVI. For example, the total percentage of properties owned pertains to ownership metrics rather than voting rights, the total number of members in good standing relates to compliance and membership status, and the total number of properties simply refers to the physical assets within the association. These distinctions are important for understanding the broader governance framework within which community associations operate.