11/13/25, 2:33 PM CAM - Community Association Manager License GA Exam study guide COMPLETE EXAM Questions and Answers (Verified Answ…
CAM - Community Association Manager License
GA Exam study guide COMPLETE EXAM
Questions and Answers (Verified Answers) (Latest
Update 2025) UPDATE!!
Save
Terms in this set (233)
License Law enacted and the GREC (Georgia Real
The Year 1925 Estate Commission) was created to protect from
harmful acts of Real Estate brokers.
Georgia Real Estate Commission; holds 6 members. 1
GREC
of which is not RE (real estate) licensed
Can Issue or Deny RE (real estate) Licenses, Can
GREC's Authority discipline by revoking, suspending, warning, or fining,
Can set rules and regs, and Establishes fees
The Year 1996 CAM Created in GA
a salesperson, associate broker, broker, or community
Licensee
association manager
any person who or entity that collects assessments or
Broker performs community association management
services; AKA Top Dog of RE Ladder
an organization in which common area property is
owned or managed by an association in which
Community Association
membership is mandatory as an incident of ownership
within the community
https://quizlet.com/1107719862/cam-community-association-manager-license-ga-exam-study-guide-complete-exam-questions-and-answers-verified-… 1/42
,11/13/25, 2:33 PM CAM - Community Association Manager License GA Exam study guide COMPLETE EXAM Questions and Answers (Verified Answ…
providing management or admin services to the
operation of affairs of a community association which
CAM (community includes collecting, controlling, or disbursing the
association manager) funds, obtaining insurance, arranging/coordinating
maintenance and overseeing the day-to-day
operations of the association
1. Developer
2. Anyone that works FULLTIME directly for the
developer
3. Anyone hired on a FULLTIME basis by the HOA
Who can provide CAM
4. A member of the community association that works
services WITHOUT a
for that specific CA ONLY (doesn't matter if full or
license?
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 NO! Either surrender the license or find a broker that
provide CAM services will hire you.
directly to my own
community that I am a
member of?
CAM is to Broker as Agent Principal
is to
Community Association is Agent
to Broker as Principal is to
When hired by a Yes.
brokerage, do I need to
notify the GREC?
Does a salesperson and Yes. They are the ones to assign your role and duties.
CAM have no authority
without a broker?
CAM & Salesperson 18
Requirement for Age
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,11/13/25, 2:33 PM CAM - Community Association Manager License GA Exam study guide COMPLETE EXAM Questions and Answers (Verified Answ…
CAM, Salesperson, & High School Diploma or Equivalent
Broker Requirement for
Education
CAM Course Requirement 25-Hour Commission Approved Course and Test
1. Must be a human being
2. Must be an officer or top title holder of company
(i.e. partner, manager, owner, etc)
GREC Qualifying Broker
3. Authority to bind the brokerage company (able to
Requirements
sign contracts with CA's)
4. A signatory on all trust accounts held by the
brokerage
As a broker, can I solicit NO! You must have written approval from the current
business from another brokerage of the CA prior to trying to poach them.
brokerage?
Do brokers need Yes. It is normally in the management contract,
permission to sell RE in a however if the broker thinks far enough ahead.
community they also
manage?
No! You must disclose to your RE agent that you are
Can I, as a CAM, sell my licensed. Also, you MUST FIRST check with your
house without notifying broker prior to going into contract with another
anyone? brokerage company because this could be lost
revenue to your broker's business.
How long does the broker 30 days. Must return complete and accurate records
have to return documents of all financials, funds, and any documents or records
after termination of received on the Associations behalf
contract?
Severability cancelling the whole or part of a contract
Term of a Contract Length of time it is valid; REQUIRED on ALL contracts
When is Fidelity Insurance Required when a broker has access to more than
Required? $60,000 in funds to be covered by a bond (insurance)
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, 11/13/25, 2:33 PM CAM - Community Association Manager License GA Exam study guide COMPLETE EXAM Questions and Answers (Verified Answ…
It should cover the maximum amount of funds that the
broker has access to, but should never be less than
How much should fidelity
the sum of 3 month assessments due from all
insurance cover?
members of the association and the reserve funds
combined
Exclusive management Term Clause
agreement with
community associations
must contain a:
Who determines the The qualifying broker
duties of a licensed CAM?
What are the two types of Real and Personal
property?
All property which is movable in nature (i.e. furniture,
Personal Property
crops, cut timber)
All things permanently attached to the land or to the
Real Property buildings (i.e. soil, concrete bed the house is on,
house walls)
To Sell Personal Property, Bill of Sale
What type of Document is
Needed?
To Sell Real Property, Deed
What type of document is
needed?
1. Name and signature of grantor
2. Name of grantee
3. Legal description of property
What is required on a
4. Sentence or two explaining the value/consideration
deed to sell real property
being received by the grantor to grantee
in GA?
5. Sentence explaining what the grantor is
conveying/rights given to the grantee (example:
allowing them to purchase air rights, tree rights?)
Grantor The seller or Giver of the property
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CAM - Community Association Manager License
GA Exam study guide COMPLETE EXAM
Questions and Answers (Verified Answers) (Latest
Update 2025) UPDATE!!
Save
Terms in this set (233)
License Law enacted and the GREC (Georgia Real
The Year 1925 Estate Commission) was created to protect from
harmful acts of Real Estate brokers.
Georgia Real Estate Commission; holds 6 members. 1
GREC
of which is not RE (real estate) licensed
Can Issue or Deny RE (real estate) Licenses, Can
GREC's Authority discipline by revoking, suspending, warning, or fining,
Can set rules and regs, and Establishes fees
The Year 1996 CAM Created in GA
a salesperson, associate broker, broker, or community
Licensee
association manager
any person who or entity that collects assessments or
Broker performs community association management
services; AKA Top Dog of RE Ladder
an organization in which common area property is
owned or managed by an association in which
Community Association
membership is mandatory as an incident of ownership
within the community
https://quizlet.com/1107719862/cam-community-association-manager-license-ga-exam-study-guide-complete-exam-questions-and-answers-verified-… 1/42
,11/13/25, 2:33 PM CAM - Community Association Manager License GA Exam study guide COMPLETE EXAM Questions and Answers (Verified Answ…
providing management or admin services to the
operation of affairs of a community association which
CAM (community includes collecting, controlling, or disbursing the
association manager) funds, obtaining insurance, arranging/coordinating
maintenance and overseeing the day-to-day
operations of the association
1. Developer
2. Anyone that works FULLTIME directly for the
developer
3. Anyone hired on a FULLTIME basis by the HOA
Who can provide CAM
4. A member of the community association that works
services WITHOUT a
for that specific CA ONLY (doesn't matter if full or
license?
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 NO! Either surrender the license or find a broker that
provide CAM services will hire you.
directly to my own
community that I am a
member of?
CAM is to Broker as Agent Principal
is to
Community Association is Agent
to Broker as Principal is to
When hired by a Yes.
brokerage, do I need to
notify the GREC?
Does a salesperson and Yes. They are the ones to assign your role and duties.
CAM have no authority
without a broker?
CAM & Salesperson 18
Requirement for Age
https://quizlet.com/1107719862/cam-community-association-manager-license-ga-exam-study-guide-complete-exam-questions-and-answers-verified-… 2/42
,11/13/25, 2:33 PM CAM - Community Association Manager License GA Exam study guide COMPLETE EXAM Questions and Answers (Verified Answ…
CAM, Salesperson, & High School Diploma or Equivalent
Broker Requirement for
Education
CAM Course Requirement 25-Hour Commission Approved Course and Test
1. Must be a human being
2. Must be an officer or top title holder of company
(i.e. partner, manager, owner, etc)
GREC Qualifying Broker
3. Authority to bind the brokerage company (able to
Requirements
sign contracts with CA's)
4. A signatory on all trust accounts held by the
brokerage
As a broker, can I solicit NO! You must have written approval from the current
business from another brokerage of the CA prior to trying to poach them.
brokerage?
Do brokers need Yes. It is normally in the management contract,
permission to sell RE in a however if the broker thinks far enough ahead.
community they also
manage?
No! You must disclose to your RE agent that you are
Can I, as a CAM, sell my licensed. Also, you MUST FIRST check with your
house without notifying broker prior to going into contract with another
anyone? brokerage company because this could be lost
revenue to your broker's business.
How long does the broker 30 days. Must return complete and accurate records
have to return documents of all financials, funds, and any documents or records
after termination of received on the Associations behalf
contract?
Severability cancelling the whole or part of a contract
Term of a Contract Length of time it is valid; REQUIRED on ALL contracts
When is Fidelity Insurance Required when a broker has access to more than
Required? $60,000 in funds to be covered by a bond (insurance)
https://quizlet.com/1107719862/cam-community-association-manager-license-ga-exam-study-guide-complete-exam-questions-and-answers-verified-… 3/42
, 11/13/25, 2:33 PM CAM - Community Association Manager License GA Exam study guide COMPLETE EXAM Questions and Answers (Verified Answ…
It should cover the maximum amount of funds that the
broker has access to, but should never be less than
How much should fidelity
the sum of 3 month assessments due from all
insurance cover?
members of the association and the reserve funds
combined
Exclusive management Term Clause
agreement with
community associations
must contain a:
Who determines the The qualifying broker
duties of a licensed CAM?
What are the two types of Real and Personal
property?
All property which is movable in nature (i.e. furniture,
Personal Property
crops, cut timber)
All things permanently attached to the land or to the
Real Property buildings (i.e. soil, concrete bed the house is on,
house walls)
To Sell Personal Property, Bill of Sale
What type of Document is
Needed?
To Sell Real Property, Deed
What type of document is
needed?
1. Name and signature of grantor
2. Name of grantee
3. Legal description of property
What is required on a
4. Sentence or two explaining the value/consideration
deed to sell real property
being received by the grantor to grantee
in GA?
5. Sentence explaining what the grantor is
conveying/rights given to the grantee (example:
allowing them to purchase air rights, tree rights?)
Grantor The seller or Giver of the property
https://quizlet.com/1107719862/cam-community-association-manager-license-ga-exam-study-guide-complete-exam-questions-and-answers-verified-… 4/42
