CAM-COMMUNITY ASSOCIATION MANAGER LICENSE GA EXAM – QUESTIONS
AND ANSWERS | VERIFIED AND WELL DETAILED ANSWERS | PLUS RATIONALES
| DOWNLOAD AND PASS | LATEST EXAM UPDATE 2026/2027
Core Domains
1. Community Association Governance and Board Relations
2. Financial Management and Reserve Fund Administration
3. Georgia Property Owners' Association Act (POAA) and Regulatory Compliance
4. Maintenance, Operations, and Risk Management
5. Contract Administration and Vendor Oversight
6. Ethics, Professional Standards, and Fiduciary Duty
7. Communication, Conflict Resolution, and Meeting Procedures
8. Insurance, Liability, and Loss Prevention
Introduction
This comprehensive examination is designed to rigorously assess the knowledge,
skills, and decision-making abilities required for competent practice as a
Community Association Manager in the state of Georgia. The exam covers
foundational management theory, the Georgia Property Owners' Association Act,
financial stewardship, legal compliance, and ethical standards. It employs a blend of
direct-knowledge multiple-choice questions and complex, scenario-based items that
require critical thinking and application of professional principles to real-world
situations. Successful candidates will demonstrate not only recall of critical
information but also the sound judgment and practical wisdom necessary to
effectively serve community associations and protect the interests of homeowners.
Section One: Questions 1 – 50
,1. Which of the following best defines the primary fiduciary duty owed by a
Community Association Manager to the association they serve?
A. A duty to ensure all homeowners are always satisfied with board decisions.
B. A duty to act in the best interests of the association, with loyalty and care, while
managing its assets.
C. A duty to prioritize the financial success of the management company above all
else.
D. A duty to make unilateral decisions when the board is unavailable to avoid
delays.
🟢 Correct Answer: B. A duty to act in the best interests of the association, with
loyalty and care, while managing its assets.
🔴 Explanation: A fiduciary duty is the highest standard of care. The manager
must act with undivided loyalty and reasonable care, placing the association's
interests above their own or their employer's, particularly concerning financial and
operational matters.
2. Under the Georgia Property Owners' Association Act (POAA), what is the
minimum number of board members required for a community association if
the declaration does not specify a different number?
A. Two
B. Three
C. Five
D. Seven
🟢 Correct Answer: B. Three
🔴 Explanation: The POAA (O.C.G.A. § 44-3-220 et seq.) stipulates that the board
of directors shall consist of at least three members unless the declaration
,provides otherwise. This ensures a minimum level of diverse oversight and
decision-making.
3. During an annual meeting, a quorum is present, and a vote is taken on a
proposed amendment to the association's bylaws. The amendment receives
60% approval. The current governing documents require a 67% approval for
bylaw amendments. What is the status of the amendment?
A. It is valid as it received a majority vote.
B. It is invalid because it did not meet the required supermajority.
C. It is valid and will go into effect in 30 days.
D. It must be resubmitted to the board for a final decision.
🟢 Correct Answer: B. It is invalid because it did not meet the required
supermajority.
🔴 Explanation: Governing documents, such as bylaws, are contracts. The
requirements for amending them are strictly defined and must be followed. An
amendment that fails to meet a specific supermajority requirement is not legally
adopted.
4. Which financial statement provides a snapshot of the association's assets,
liabilities, and net assets (equity) at a specific point in time?
A. Income Statement (Profit & Loss)
B. Statement of Cash Flows
C. Balance Sheet (Statement of Financial Position)
D. General Ledger
🟢 Correct Answer: C. Balance Sheet (Statement of Financial Position)
🔴 Explanation: The Balance Sheet reports the association's financial position on
a specific date. It is a snapshot summarizing what is owned (assets) and what is
, owed (liabilities), with the difference representing the net assets (fund balance or
equity).
5. A manager discovers that a board member has a personal landscaping
company and is actively bidding on a contract for the association. What is the
manager's most appropriate first step?
A. Ignore the situation, as the board member will self-disclose.
B. Advise the board member to recuse themselves from all discussions and votes
regarding the contract.
C. Quietly inform the other board members to watch for irregularities.
D. Immediately terminate the bidding process and hire a known vendor.
🟢 Correct Answer: B. Advise the board member to recuse themselves from all
discussions and votes regarding the contract.
🔴 Explanation: This scenario presents a clear conflict of interest. The manager's
fiduciary duty and professional ethics require them to identify this potential
conflict and advise the board member to recuse themselves from the entire
process to maintain transparency and avoid the appearance of impropriety.
6. The board of directors decides to terminate the management contract
without cause, despite the manager having performed well. The contract
requires 90 days' notice. What must the manager ensure for a smooth
transition?
A. Immediately vacate the office and remove all files.
B. Provide a detailed transition plan, including financial records and vendor
information, to the board or new manager.
C. Refuse to leave until the board provides a reason.
D. Only turn over documents requested by the board.
AND ANSWERS | VERIFIED AND WELL DETAILED ANSWERS | PLUS RATIONALES
| DOWNLOAD AND PASS | LATEST EXAM UPDATE 2026/2027
Core Domains
1. Community Association Governance and Board Relations
2. Financial Management and Reserve Fund Administration
3. Georgia Property Owners' Association Act (POAA) and Regulatory Compliance
4. Maintenance, Operations, and Risk Management
5. Contract Administration and Vendor Oversight
6. Ethics, Professional Standards, and Fiduciary Duty
7. Communication, Conflict Resolution, and Meeting Procedures
8. Insurance, Liability, and Loss Prevention
Introduction
This comprehensive examination is designed to rigorously assess the knowledge,
skills, and decision-making abilities required for competent practice as a
Community Association Manager in the state of Georgia. The exam covers
foundational management theory, the Georgia Property Owners' Association Act,
financial stewardship, legal compliance, and ethical standards. It employs a blend of
direct-knowledge multiple-choice questions and complex, scenario-based items that
require critical thinking and application of professional principles to real-world
situations. Successful candidates will demonstrate not only recall of critical
information but also the sound judgment and practical wisdom necessary to
effectively serve community associations and protect the interests of homeowners.
Section One: Questions 1 – 50
,1. Which of the following best defines the primary fiduciary duty owed by a
Community Association Manager to the association they serve?
A. A duty to ensure all homeowners are always satisfied with board decisions.
B. A duty to act in the best interests of the association, with loyalty and care, while
managing its assets.
C. A duty to prioritize the financial success of the management company above all
else.
D. A duty to make unilateral decisions when the board is unavailable to avoid
delays.
🟢 Correct Answer: B. A duty to act in the best interests of the association, with
loyalty and care, while managing its assets.
🔴 Explanation: A fiduciary duty is the highest standard of care. The manager
must act with undivided loyalty and reasonable care, placing the association's
interests above their own or their employer's, particularly concerning financial and
operational matters.
2. Under the Georgia Property Owners' Association Act (POAA), what is the
minimum number of board members required for a community association if
the declaration does not specify a different number?
A. Two
B. Three
C. Five
D. Seven
🟢 Correct Answer: B. Three
🔴 Explanation: The POAA (O.C.G.A. § 44-3-220 et seq.) stipulates that the board
of directors shall consist of at least three members unless the declaration
,provides otherwise. This ensures a minimum level of diverse oversight and
decision-making.
3. During an annual meeting, a quorum is present, and a vote is taken on a
proposed amendment to the association's bylaws. The amendment receives
60% approval. The current governing documents require a 67% approval for
bylaw amendments. What is the status of the amendment?
A. It is valid as it received a majority vote.
B. It is invalid because it did not meet the required supermajority.
C. It is valid and will go into effect in 30 days.
D. It must be resubmitted to the board for a final decision.
🟢 Correct Answer: B. It is invalid because it did not meet the required
supermajority.
🔴 Explanation: Governing documents, such as bylaws, are contracts. The
requirements for amending them are strictly defined and must be followed. An
amendment that fails to meet a specific supermajority requirement is not legally
adopted.
4. Which financial statement provides a snapshot of the association's assets,
liabilities, and net assets (equity) at a specific point in time?
A. Income Statement (Profit & Loss)
B. Statement of Cash Flows
C. Balance Sheet (Statement of Financial Position)
D. General Ledger
🟢 Correct Answer: C. Balance Sheet (Statement of Financial Position)
🔴 Explanation: The Balance Sheet reports the association's financial position on
a specific date. It is a snapshot summarizing what is owned (assets) and what is
, owed (liabilities), with the difference representing the net assets (fund balance or
equity).
5. A manager discovers that a board member has a personal landscaping
company and is actively bidding on a contract for the association. What is the
manager's most appropriate first step?
A. Ignore the situation, as the board member will self-disclose.
B. Advise the board member to recuse themselves from all discussions and votes
regarding the contract.
C. Quietly inform the other board members to watch for irregularities.
D. Immediately terminate the bidding process and hire a known vendor.
🟢 Correct Answer: B. Advise the board member to recuse themselves from all
discussions and votes regarding the contract.
🔴 Explanation: This scenario presents a clear conflict of interest. The manager's
fiduciary duty and professional ethics require them to identify this potential
conflict and advise the board member to recuse themselves from the entire
process to maintain transparency and avoid the appearance of impropriety.
6. The board of directors decides to terminate the management contract
without cause, despite the manager having performed well. The contract
requires 90 days' notice. What must the manager ensure for a smooth
transition?
A. Immediately vacate the office and remove all files.
B. Provide a detailed transition plan, including financial records and vendor
information, to the board or new manager.
C. Refuse to leave until the board provides a reason.
D. Only turn over documents requested by the board.
