Georgia Community Association Manager (CAM)
License Exam Requirements Explained Questions
with Answers & Rationales latest update this
Year instant pdf
Question 1
Topic: Unlicensed Activities
Question: Which of the following activities can an unlicensed community association
manager or employee perform on behalf of a community association in Georgia?
Option (Correct): Answer routine questions regarding current assessments, due
dates, and basic administrative procedures.
o Reason: Correct! An unlicensed employee may perform ministerial, clerical,
or administrative tasks, such as answering routine questions about
assessments and procedures.
Option (Incorrect): Negotiate the terms and conditions of a management or
maintenance contract.
o Reason: Incorrect. Unlicensed employees cannot negotiate contracts, as this
constitutes providing real estate or management services requiring a license.
Option (Incorrect): Explain the association's covenants and bylaws to prospective
buyers.
o Reason: Incorrect. Interpreting or explaining restrictive covenants to
prospective buyers is considered providing advice, which requires a license.
, Option (Incorrect): Collect and deposit association assessments into the broker's
trust account.
o Reason: Incorrect. Handling and depositing trust funds generally requires a
licensed individual or strict broker oversight.
Hint: Think about the difference between ministerial, clerical duties and providing
real estate/legal advice or negotiating agreements.
Question 2
Topic: Licensing Requirements
Question: According to GREC rules, what is the minimum age requirement to obtain
a Community Association Manager (CAM) license in Georgia?
Option (Correct): 18 years old
o Reason: Correct! In Georgia, an applicant for a CAM license must be at least
18 years of age.
Option (Incorrect): 19 years old
o Reason: Incorrect. The minimum age for a CAM license in Georgia is 18
years, not 19.
Option (Incorrect): 21 years old
o Reason: Incorrect. Applicants do not need to be 21 to obtain a CAM license;
18 is the legal minimum age.
Option (Incorrect): 25 years old
o Reason: Incorrect. The minimum age requirement for a CAM license is 18,
not 25.
, Hint: Most real estate licenses in Georgia require the applicant to have reached the
age of majority.
Question 3
Topic: Escrow/Trust Accounts
Question: If a community association manager receives earnest money or
association funds, when must these funds be deposited into the broker's designated
trust account, according to GREC regulations?
Option (Correct): Within two business days of receiving the funds
o Reason: Correct! GREC rules dictate that a broker who receives trust funds
must deposit them into a trust or escrow account no later than two business
days after receipt.
Option (Incorrect): Within 24 hours of receipt
o Reason: Incorrect. While it is good practice to deposit funds quickly, GREC
rules allow slightly more time.
Option (Incorrect): Within three business days of receipt
o Reason: Incorrect. Three business days is the standard for earnest money in
sales contracts, but CAM trust account deposits have a different timeline.
Option (Incorrect): Within seven business days of receipt
o Reason: Incorrect. Seven business days is too long; funds must be deposited
much faster.
Hint: Recall the specific GREC rule regarding the timeline for depositing trust funds.
It is within 48 hours, or a specific number of business days.
, Question 4
Topic: Continuing Education
Question: How many hours of Continuing Education (CE) must a Georgia CAM
licensee complete during each four-year renewal period to maintain their license
actively?
Option (Correct): 36 hours
o Reason: Correct! GREC requires all active licensees to complete 36 hours of
Continuing Education during every four-year renewal cycle.
Option (Incorrect): 12 hours
o Reason: Incorrect. The requirement is higher than 12 hours.
Option (Incorrect): 45 hours
o Reason: Incorrect. 45 hours is not the CE requirement for CAM licensees in
Georgia.
Option (Incorrect): 72 hours
o Reason: Incorrect. 72 hours is double the actual requirement.
Hint: Think about the number of hours per year multiplied by the four-year renewal
period.
Question 5
Topic: Broker Management
Question: If a community association manager (CAM) commits a violation of real
estate license law, who is ultimately held responsible by the Georgia Real Estate
Commission (GREC)?
License Exam Requirements Explained Questions
with Answers & Rationales latest update this
Year instant pdf
Question 1
Topic: Unlicensed Activities
Question: Which of the following activities can an unlicensed community association
manager or employee perform on behalf of a community association in Georgia?
Option (Correct): Answer routine questions regarding current assessments, due
dates, and basic administrative procedures.
o Reason: Correct! An unlicensed employee may perform ministerial, clerical,
or administrative tasks, such as answering routine questions about
assessments and procedures.
Option (Incorrect): Negotiate the terms and conditions of a management or
maintenance contract.
o Reason: Incorrect. Unlicensed employees cannot negotiate contracts, as this
constitutes providing real estate or management services requiring a license.
Option (Incorrect): Explain the association's covenants and bylaws to prospective
buyers.
o Reason: Incorrect. Interpreting or explaining restrictive covenants to
prospective buyers is considered providing advice, which requires a license.
, Option (Incorrect): Collect and deposit association assessments into the broker's
trust account.
o Reason: Incorrect. Handling and depositing trust funds generally requires a
licensed individual or strict broker oversight.
Hint: Think about the difference between ministerial, clerical duties and providing
real estate/legal advice or negotiating agreements.
Question 2
Topic: Licensing Requirements
Question: According to GREC rules, what is the minimum age requirement to obtain
a Community Association Manager (CAM) license in Georgia?
Option (Correct): 18 years old
o Reason: Correct! In Georgia, an applicant for a CAM license must be at least
18 years of age.
Option (Incorrect): 19 years old
o Reason: Incorrect. The minimum age for a CAM license in Georgia is 18
years, not 19.
Option (Incorrect): 21 years old
o Reason: Incorrect. Applicants do not need to be 21 to obtain a CAM license;
18 is the legal minimum age.
Option (Incorrect): 25 years old
o Reason: Incorrect. The minimum age requirement for a CAM license is 18,
not 25.
, Hint: Most real estate licenses in Georgia require the applicant to have reached the
age of majority.
Question 3
Topic: Escrow/Trust Accounts
Question: If a community association manager receives earnest money or
association funds, when must these funds be deposited into the broker's designated
trust account, according to GREC regulations?
Option (Correct): Within two business days of receiving the funds
o Reason: Correct! GREC rules dictate that a broker who receives trust funds
must deposit them into a trust or escrow account no later than two business
days after receipt.
Option (Incorrect): Within 24 hours of receipt
o Reason: Incorrect. While it is good practice to deposit funds quickly, GREC
rules allow slightly more time.
Option (Incorrect): Within three business days of receipt
o Reason: Incorrect. Three business days is the standard for earnest money in
sales contracts, but CAM trust account deposits have a different timeline.
Option (Incorrect): Within seven business days of receipt
o Reason: Incorrect. Seven business days is too long; funds must be deposited
much faster.
Hint: Recall the specific GREC rule regarding the timeline for depositing trust funds.
It is within 48 hours, or a specific number of business days.
, Question 4
Topic: Continuing Education
Question: How many hours of Continuing Education (CE) must a Georgia CAM
licensee complete during each four-year renewal period to maintain their license
actively?
Option (Correct): 36 hours
o Reason: Correct! GREC requires all active licensees to complete 36 hours of
Continuing Education during every four-year renewal cycle.
Option (Incorrect): 12 hours
o Reason: Incorrect. The requirement is higher than 12 hours.
Option (Incorrect): 45 hours
o Reason: Incorrect. 45 hours is not the CE requirement for CAM licensees in
Georgia.
Option (Incorrect): 72 hours
o Reason: Incorrect. 72 hours is double the actual requirement.
Hint: Think about the number of hours per year multiplied by the four-year renewal
period.
Question 5
Topic: Broker Management
Question: If a community association manager (CAM) commits a violation of real
estate license law, who is ultimately held responsible by the Georgia Real Estate
Commission (GREC)?
