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Georgia - Community Association Manager
(CAM) License | Actual Exam Questions and
Correct Answers| Guaranteed Pass
The Year 1925 - correct answer - License Law enacted and the GREC
(Georgia Real Estate Commission) was created to protect from harmful
acts of Real Estate brokers.
GREC - correct answer - Georgia Real Estate Commission; holds 6
members. 1 of which is not RE (real estate) licensed
GREC's Authority - correct 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 - correct answer - CAM Created in GA
Licensee - correct answer - a salesperson, associate broker, broker, or
community association manager
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Broker - correct answer - any person who or entity that collects
assessments or performs community association management services;
AKA Top Dog of RE Ladder
Community Association - correct 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) - correct 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? - correct 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
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Can I hold a license, but provide CAM services directly to my own
community that I am a member of? - correct answer - NO! Either
surrender the license or find a broker that will hire you.
CAM is to Broker as Agent is to - correct answer - Principal
Community Association is to Broker as Principal is to - correct answer -
Agent
When hired by a brokerage, do I need to notify the GREC? - correct answer
- Yes.
Does a salesperson and CAM have no authority without a broker? - correct
answer - Yes. They are the ones to assign your role and duties.
CAM & Salesperson Requirement for Age - correct answer - 18
CAM, Salesperson, & Broker Requirement for Education - correct answer
- High School Diploma or Equivalent
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CAM Course Requirement - correct answer - 25-Hour Commission
Approved Course and Test
GREC Qualifying Broker Requirements - correct 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? - correct
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? -
correct 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 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.
Georgia - Community Association Manager
(CAM) License | Actual Exam Questions and
Correct Answers| Guaranteed Pass
The Year 1925 - correct answer - License Law enacted and the GREC
(Georgia Real Estate Commission) was created to protect from harmful
acts of Real Estate brokers.
GREC - correct answer - Georgia Real Estate Commission; holds 6
members. 1 of which is not RE (real estate) licensed
GREC's Authority - correct 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 - correct answer - CAM Created in GA
Licensee - correct answer - a salesperson, associate broker, broker, or
community association manager
, Page | 2
Broker - correct answer - any person who or entity that collects
assessments or performs community association management services;
AKA Top Dog of RE Ladder
Community Association - correct 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) - correct 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? - correct 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
, Page | 3
Can I hold a license, but provide CAM services directly to my own
community that I am a member of? - correct answer - NO! Either
surrender the license or find a broker that will hire you.
CAM is to Broker as Agent is to - correct answer - Principal
Community Association is to Broker as Principal is to - correct answer -
Agent
When hired by a brokerage, do I need to notify the GREC? - correct answer
- Yes.
Does a salesperson and CAM have no authority without a broker? - correct
answer - Yes. They are the ones to assign your role and duties.
CAM & Salesperson Requirement for Age - correct answer - 18
CAM, Salesperson, & Broker Requirement for Education - correct answer
- High School Diploma or Equivalent
, Page | 4
CAM Course Requirement - correct answer - 25-Hour Commission
Approved Course and Test
GREC Qualifying Broker Requirements - correct 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? - correct
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? -
correct 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 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.
