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CAM - COMMUNITY ASSOCIATION MANAGER
LICENSE GA 2025| BRAND NEW ACTUAL EXAM WITH
100% VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| ACE YOUR
GRADES.
The Year 1925 - (answer)License Law enacted and the GREC (Georgia Real Estate
Commission) was created to protect from harmful acts of Real Estate brokers.
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
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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
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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.
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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? - (answer)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? - (answer)30 days. Must return complete and accurate records of all
financials, funds, and any documents or records received on the Associations
behalf
Severability - (answer)cancelling the whole or part of a contract
Term of a Contract - (answer)Length of time it is valid; REQUIRED on ALL
contracts
When is Fidelity Insurance Required? - (answer)Required when a broker has
access to more than $60,000 in funds to be covered by a bond (insurance)
How much should fidelity insurance cover? - (answer)It should cover the
maximum amount of funds that the broker has access to, but should never be less
CAM - COMMUNITY ASSOCIATION MANAGER
LICENSE GA 2025| BRAND NEW ACTUAL EXAM WITH
100% VERIFIED QUESTIONS AND CORRECT
SOLUTIONS| GUARANTEED VALUE PACK| ACE YOUR
GRADES.
The Year 1925 - (answer)License Law enacted and the GREC (Georgia Real Estate
Commission) was created to protect from harmful acts of Real Estate brokers.
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
,2|Page
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
,3|Page
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.
, 4|Page
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? - (answer)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? - (answer)30 days. Must return complete and accurate records of all
financials, funds, and any documents or records received on the Associations
behalf
Severability - (answer)cancelling the whole or part of a contract
Term of a Contract - (answer)Length of time it is valid; REQUIRED on ALL
contracts
When is Fidelity Insurance Required? - (answer)Required when a broker has
access to more than $60,000 in funds to be covered by a bond (insurance)
How much should fidelity insurance cover? - (answer)It should cover the
maximum amount of funds that the broker has access to, but should never be less
