CAM UPDATED ACTUAL QUESTIONS AND
CORRECT ANSWERS COMPLETE STUDY
GUIDE
●● GREC
Answer: Georgia Real Estate Commission; holds 6 members. 1 of which
is not RE (real estate) licensed
●● GREC's Authority
Answer: 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
Answer: CAM Created in GA
●● Licensee
Answer: a salesperson, associate broker, broker, or community
association manager
●● Broker
,Answer: any person who or entity that collects assessments or performs
community association management services; AKA Top Dog of RE
Ladder
●● Community Association
Answer: 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)
Answer: 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?
Answer: 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?
Answer: NO! Either surrender the license or find a broker that will hire
you.
●● CAM is to Broker as Agent is to
Answer: Principal
●● Community Association is to Broker as Principal is to
Answer: Agent
●● When hired by a brokerage, do I need to notify the GREC?
Answer: Yes.
●● Does a salesperson and CAM have no authority without a broker?
Answer: Yes. They are the ones to assign your role and duties.
●● CAM & Salesperson Requirement for Age
Answer: 18
●● CAM, Salesperson, & Broker Requirement for Education
, Answer: High School Diploma or Equivalent
●● CAM Course Requirement
Answer: 25-Hour Commission Approved Course and Test
●● GREC Qualifying Broker Requirements
Answer: 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?
Answer: 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?
Answer: 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?
CORRECT ANSWERS COMPLETE STUDY
GUIDE
●● GREC
Answer: Georgia Real Estate Commission; holds 6 members. 1 of which
is not RE (real estate) licensed
●● GREC's Authority
Answer: 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
Answer: CAM Created in GA
●● Licensee
Answer: a salesperson, associate broker, broker, or community
association manager
●● Broker
,Answer: any person who or entity that collects assessments or performs
community association management services; AKA Top Dog of RE
Ladder
●● Community Association
Answer: 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)
Answer: 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?
Answer: 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?
Answer: NO! Either surrender the license or find a broker that will hire
you.
●● CAM is to Broker as Agent is to
Answer: Principal
●● Community Association is to Broker as Principal is to
Answer: Agent
●● When hired by a brokerage, do I need to notify the GREC?
Answer: Yes.
●● Does a salesperson and CAM have no authority without a broker?
Answer: Yes. They are the ones to assign your role and duties.
●● CAM & Salesperson Requirement for Age
Answer: 18
●● CAM, Salesperson, & Broker Requirement for Education
, Answer: High School Diploma or Equivalent
●● CAM Course Requirement
Answer: 25-Hour Commission Approved Course and Test
●● GREC Qualifying Broker Requirements
Answer: 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?
Answer: 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?
Answer: 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?
