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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.
1099 Form - correct answer - - Used to report various types of
income paid to others that would not be reported on a W-2
- Required for unincorporated payees receiving $600 or more
during any calendar year
- Must be filed with IRS by the end of February for previous
calendar year (copies must be sent to the payee by the end of
January)
The subcontractor or supplier of materials is called a "lien
claimant" and can record its lien in the land records of the county
where the property is located within *how many* days of the last
date that work was performed - correct answer - 90
The lien claimant must field a lien action against the hiring entity
within *how many* days from the date the lien was filed or the lien
automatically expires - correct answer - 365
, Page | 2
In order to comply with the Right to Repair Act, an association
must provide the contractor with a notice of the defect *how
many* days before filing suit - correct answer - 90
The contractor has *how many* days to respond, either accepting
responsibility, rejecting responsibility, or asking for more
information and the opportunity to inspect - correct answer - 30
In order to comply with the Right to Repair Act, an association
that wishes to move forward with a lawsuit must obtain approval
of *fraction* vote of the membership - correct answer - 2/3
Two Required insurances for GCAs - correct answer - 1. CGL
(commercial general liability) - $1 million for single occurrence
and $2 million aggregate
2. Property Insurance (hazard/casualty)
True or False: The GCA insurance will cover majority except
personal belongings pf owner or upgrades they have made -
correct answer - True
, Page | 3
True or False: The GCA can charge a unit per claim more than
$5,000 for their deductible. - correct answer - False. The GCA
states that they can only charge UP TO $5,000 of a deductible to
a unit and cannot charge more.
Can a POAA and HOA charge more than $5,000 in a deductible
to lot owners? - correct answer - Yes, they can, unlike a GCA.
True of False: A smaller deductible equals more costly insurance
plan - correct answer - True, therefore a higher deductible would
mean a more affordable plan
Statute of Limitations - correct answer - Two years from the date
of the covenant violation
Selective Enforcement - correct answer - Association does not
enforce one of the covenants, but does enforce others;
Association enforces a particular covenant differently between
and among owners
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Laches - correct answer - Watching an owner spend money while
committing a violation of the covenants, but board does nothing
about it, the association will be barred by the defense (i.e.
watching someone purchase a pool at Walmart and not saying
they can't do that)
Estoppel - correct answer - The association will not be permitted
to successfully enforce the covenants if the violator was influence
by the conduct or representations of the association (i.e. giving a
new back porch a compliment and not advising that is was not
approved; Have to always have on manager hat)
Waiver - correct answer - Not written explicitly how long before
right is waived to enforce a covenant; but considers any waived
chance the association had to acknowledge
Vague and Indefinite - correct answer - The covenant must clearly
establish the rights and obligations of the parties (i.e. "offensive
activity" is deemed vague and indefinite
F RE S H CO R N (in regards to Fair Housing Act) - correct
answer - Familial Status
REligion
CAM - COMMUNITY ASSOCIATION MANAGER
LICENSE GA 2025| BRAND NEW ACTUAL EXAM
WITH 100% VERIFIED QUESTIONS AND
CORRECT SOLUTIONS| GUARANTEED VALUE
PACK| ACE YOUR GRADES.
1099 Form - correct answer - - Used to report various types of
income paid to others that would not be reported on a W-2
- Required for unincorporated payees receiving $600 or more
during any calendar year
- Must be filed with IRS by the end of February for previous
calendar year (copies must be sent to the payee by the end of
January)
The subcontractor or supplier of materials is called a "lien
claimant" and can record its lien in the land records of the county
where the property is located within *how many* days of the last
date that work was performed - correct answer - 90
The lien claimant must field a lien action against the hiring entity
within *how many* days from the date the lien was filed or the lien
automatically expires - correct answer - 365
, Page | 2
In order to comply with the Right to Repair Act, an association
must provide the contractor with a notice of the defect *how
many* days before filing suit - correct answer - 90
The contractor has *how many* days to respond, either accepting
responsibility, rejecting responsibility, or asking for more
information and the opportunity to inspect - correct answer - 30
In order to comply with the Right to Repair Act, an association
that wishes to move forward with a lawsuit must obtain approval
of *fraction* vote of the membership - correct answer - 2/3
Two Required insurances for GCAs - correct answer - 1. CGL
(commercial general liability) - $1 million for single occurrence
and $2 million aggregate
2. Property Insurance (hazard/casualty)
True or False: The GCA insurance will cover majority except
personal belongings pf owner or upgrades they have made -
correct answer - True
, Page | 3
True or False: The GCA can charge a unit per claim more than
$5,000 for their deductible. - correct answer - False. The GCA
states that they can only charge UP TO $5,000 of a deductible to
a unit and cannot charge more.
Can a POAA and HOA charge more than $5,000 in a deductible
to lot owners? - correct answer - Yes, they can, unlike a GCA.
True of False: A smaller deductible equals more costly insurance
plan - correct answer - True, therefore a higher deductible would
mean a more affordable plan
Statute of Limitations - correct answer - Two years from the date
of the covenant violation
Selective Enforcement - correct answer - Association does not
enforce one of the covenants, but does enforce others;
Association enforces a particular covenant differently between
and among owners
, Page | 4
Laches - correct answer - Watching an owner spend money while
committing a violation of the covenants, but board does nothing
about it, the association will be barred by the defense (i.e.
watching someone purchase a pool at Walmart and not saying
they can't do that)
Estoppel - correct answer - The association will not be permitted
to successfully enforce the covenants if the violator was influence
by the conduct or representations of the association (i.e. giving a
new back porch a compliment and not advising that is was not
approved; Have to always have on manager hat)
Waiver - correct answer - Not written explicitly how long before
right is waived to enforce a covenant; but considers any waived
chance the association had to acknowledge
Vague and Indefinite - correct answer - The covenant must clearly
establish the rights and obligations of the parties (i.e. "offensive
activity" is deemed vague and indefinite
F RE S H CO R N (in regards to Fair Housing Act) - correct
answer - Familial Status
REligion
