Florida Community Association Manager Practice Exam

Which of the following is NOT a reason for a developer to turn over property to the members?

1. Completing the sale of all units

2. Desire to hand over decision-making power to residents

3. To maintain ownership of the property longer

4. Compliance with local community regulations

The correct answer is: To maintain ownership of the property longer

The choice that identifies a reason that is NOT aligned with a developer's motivations for turning over property to the members is the desire to maintain ownership of the property longer. Typically, when developers create a community, there is an expectation that they will eventually transfer control to the residents, which often occurs once the development reaches specific milestones, such as selling a predetermined number of units. Options that state completing the sale of all units and compliance with local community regulations reflect common obligations and goals for property developers, which incentivize them to finalize the turnover process. Similarly, the desire to hand over decision-making power to residents suggests a natural conclusion of the developer's role, fostering a sense of community ownership among the residents. In contrast, maintaining ownership of the property indicates a reluctance to transition control, which contradicts the standard practice and objectives of developers in community management.