ILLINOIS COMMUNITY ASSOCIATION
MANAGER (CAM) EXAM PRACTICE
QUESTIONS WITH CORRECT ANSWERS
(VERIFIED ANSWERS) || GRADED A+||
LATEST UPDATE 2026
The Year 1925 -CORRECTANSWER License Law enacted and the GREC (Georgia
Real Estate Commission) was created to protect from harmful acts of Real Estate
brokers.
GREC -CORRECTANSWER Georgia Real Estate Commission; holds 6 members. 1 of
which is not RE (real estate) licensed
GREC's Authority -CORRECTANSWER Can Issue or Deny RE (real estate) Licenses,
Can discipline by revoking, suspending, warning, or fining, Can set rules and regs, and
Establishes fees
The Year 1996 -CORRECTANSWER CAM Created in GA
Licensee -CORRECTANSWER a salesperson, associate broker, broker, or community
association manager
,Broker -CORRECTANSWER any person who or entity that collects assessments or
performs community association management services; AKA Top Dog of RE Ladder
Community Association -CORRECTANSWER an organization in which common area
property is owned or managed by an association in which membership is mandatory as
an incident of ownership within the community
CAM (community association manager) -CORRECTANSWER providing management
or admin services to the operation of affairs of a community association which includes
collecting, controlling, or disbursing the funds, obtaining insurance,
arranging/coordinating maintenance and overseeing the day-to-day operations of the
association
Who can provide CAM services WITHOUT a license? -CORRECTANSWER 1.
Developer
2. Anyone that works FULLTIME directly for the developer
3. Anyone hired on a FULLTIME basis by the HOA
4. A member of the community association that works for that specific CA ONLY
(doesn't matter if full or part-time)
5. Anyone performing maintenance on the property
6. A CPA (certified public accountant)
7. A licensed practicing attorney
,Can I hold a license, but provide CAM services directly to my own community that I am
a member of? -CORRECTANSWER NO! Either surrender the license or find a broker
that will hire you.
CAM is to Broker as Agent is to -CORRECTANSWER Principal
Community Association is to Broker as Principal is to -CORRECTANSWER Agent
When hired by a brokerage, do I need to notify the GREC? -CORRECTANSWER Yes.
Does a salesperson and CAM have no authority without a broker? -
CORRECTANSWER Yes. They are the ones to assign your role and duties.
CAM & Salesperson Requirement for Age -CORRECTANSWER 18
CAM, Salesperson, & Broker Requirement for Education -CORRECTANSWER High
School Diploma or Equivalent
CAM Course Requirement -CORRECTANSWER 25-Hour Commission Approved
Course and Test
GREC Qualifying Broker Requirements -CORRECTANSWER 1. Must be a human
being
, 2. Must be an officer or top title holder of company (i.e. partner, manager, owner, etc)
3. Authority to bind the brokerage company (able to sign contracts with CA's)
4. A signatory on all trust accounts held by the brokerage
As a broker, can I solicit business from another brokerage? -CORRECTANSWER NO!
You must have written approval from the current brokerage of the CA prior to trying to
poach them.
Do brokers need permission to sell RE in a community they also manage? -
CORRECTANSWER Yes. It is normally in the management contract, however if the
broker thinks far enough ahead.
Can I, as a CAM, sell my house without notifying anyone? -CORRECTANSWER No!
You must disclose to your RE agent that you are licensed. Also, you MUST FIRST
check with your broker prior to going into contract with another brokerage company
because this could be lost revenue to your broker's business.
How long does the broker have to return documents after termination of contract? -
CORRECTANSWER 30 days. Must return complete and accurate records of all
financials, funds, and any documents or records received on the Associations behalf
Severability -CORRECTANSWER cancelling the whole or part of a contract
MANAGER (CAM) EXAM PRACTICE
QUESTIONS WITH CORRECT ANSWERS
(VERIFIED ANSWERS) || GRADED A+||
LATEST UPDATE 2026
The Year 1925 -CORRECTANSWER License Law enacted and the GREC (Georgia
Real Estate Commission) was created to protect from harmful acts of Real Estate
brokers.
GREC -CORRECTANSWER Georgia Real Estate Commission; holds 6 members. 1 of
which is not RE (real estate) licensed
GREC's Authority -CORRECTANSWER Can Issue or Deny RE (real estate) Licenses,
Can discipline by revoking, suspending, warning, or fining, Can set rules and regs, and
Establishes fees
The Year 1996 -CORRECTANSWER CAM Created in GA
Licensee -CORRECTANSWER a salesperson, associate broker, broker, or community
association manager
,Broker -CORRECTANSWER any person who or entity that collects assessments or
performs community association management services; AKA Top Dog of RE Ladder
Community Association -CORRECTANSWER an organization in which common area
property is owned or managed by an association in which membership is mandatory as
an incident of ownership within the community
CAM (community association manager) -CORRECTANSWER providing management
or admin services to the operation of affairs of a community association which includes
collecting, controlling, or disbursing the funds, obtaining insurance,
arranging/coordinating maintenance and overseeing the day-to-day operations of the
association
Who can provide CAM services WITHOUT a license? -CORRECTANSWER 1.
Developer
2. Anyone that works FULLTIME directly for the developer
3. Anyone hired on a FULLTIME basis by the HOA
4. A member of the community association that works for that specific CA ONLY
(doesn't matter if full or part-time)
5. Anyone performing maintenance on the property
6. A CPA (certified public accountant)
7. A licensed practicing attorney
,Can I hold a license, but provide CAM services directly to my own community that I am
a member of? -CORRECTANSWER NO! Either surrender the license or find a broker
that will hire you.
CAM is to Broker as Agent is to -CORRECTANSWER Principal
Community Association is to Broker as Principal is to -CORRECTANSWER Agent
When hired by a brokerage, do I need to notify the GREC? -CORRECTANSWER Yes.
Does a salesperson and CAM have no authority without a broker? -
CORRECTANSWER Yes. They are the ones to assign your role and duties.
CAM & Salesperson Requirement for Age -CORRECTANSWER 18
CAM, Salesperson, & Broker Requirement for Education -CORRECTANSWER High
School Diploma or Equivalent
CAM Course Requirement -CORRECTANSWER 25-Hour Commission Approved
Course and Test
GREC Qualifying Broker Requirements -CORRECTANSWER 1. Must be a human
being
, 2. Must be an officer or top title holder of company (i.e. partner, manager, owner, etc)
3. Authority to bind the brokerage company (able to sign contracts with CA's)
4. A signatory on all trust accounts held by the brokerage
As a broker, can I solicit business from another brokerage? -CORRECTANSWER NO!
You must have written approval from the current brokerage of the CA prior to trying to
poach them.
Do brokers need permission to sell RE in a community they also manage? -
CORRECTANSWER Yes. It is normally in the management contract, however if the
broker thinks far enough ahead.
Can I, as a CAM, sell my house without notifying anyone? -CORRECTANSWER No!
You must disclose to your RE agent that you are licensed. Also, you MUST FIRST
check with your broker prior to going into contract with another brokerage company
because this could be lost revenue to your broker's business.
How long does the broker have to return documents after termination of contract? -
CORRECTANSWER 30 days. Must return complete and accurate records of all
financials, funds, and any documents or records received on the Associations behalf
Severability -CORRECTANSWER cancelling the whole or part of a contract
