NEW VERSIONS}–Practice Questions & Answers Complete Study
Guide | Georgia Real Estate Commission (GREC) | Latest
2026/2027 | 100% Verified
This comprehensive document contains practice questions and verified answers for the
Georgia Community Association Manager (CAM) License Exam. The questions cover
GREC regulations, licensing requirements, continuing education, broker relationships,
association governance, financial management, contracts, insurance, fair housing, and
property law . Each answer includes the correct option in bold with a detailed rationale
based on Georgia law and GREC regulations .
SECTION 1: GREC & LICENSE LAW FOUNDATIONS (Questions 1–30)
1. In which year was the Georgia Real Estate Commission (GREC) created, and for
what purpose?
A) 1975 – To regulate property tax assessments
B) 1925 – To protect the public from harmful acts of real estate brokers
C) 1996 – To establish the CAM license
D) 1980 – To enforce the Fair Housing Act
Answer: B
The license law was enacted in 1925, and GREC was created to protect the public from
harmful acts of real estate brokers. This established the foundation for real estate regulation
in Georgia .
2. How many members serve on the Georgia Real Estate Commission (GREC), and
what is the requirement regarding real estate licensure?
A) 5 members, all must be licensed real estate brokers
B) 6 members, one of whom is not real estate licensed (a public member)
,C) 7 members, all must be licensed community association managers
D) 4 members, no license requirement
Answer: B
GREC holds 6 members, with 1 member who is not real estate licensed and serves as a
public member .
3. Which of the following is an authority granted to the Georgia Real Estate
Commission (GREC)?
A) Set commission rates for real estate transactions
B) Issue or deny real estate licenses
C) Establish property tax rates
D) Approve HOA budgets
Answer: B
GREC's authority includes issuing or denying real estate licenses, disciplining licensees by
revoking, suspending, warning, or fining, setting rules and regulations, and establishing
fees. GREC does not set commission rates .
4. In which year was the CAM license created in Georgia?
A) 1925
B) 1975
C) 1996
D) 1992
Answer: C
The CAM license was created in 1996 to address the growing need for specialized
regulation of community association managers .
5. What is the minimum age requirement for a CAM license in Georgia?
A) 18
B) 21
,C) 25
D) 16
Answer: A
The minimum age requirement for a CAM license is 18. Applicants may take the
examination at age 17 but cannot activate the license until they are 18 .
6. What is the educational requirement for a CAM license in Georgia?
A) College degree
B) Associate's degree
C) High school diploma or equivalent
D) Bachelor's degree in business
Answer: C
A high school diploma or equivalent is required to qualify for a CAM license .
7. How many instructional hours of pre-license education are required to become a
CAM in Georgia?
A) 75 hours
B) 60 hours
C) 25 hours
D) 40 hours
Answer: C
A 25-hour commission-approved course is required for the CAM license. Alternatively, you
may satisfy this by completing 4 quarter hours or 2 semester hours of approved college-
level community management courses .
8. Which of the following is considered a "licensee" under Georgia real estate law?
A) A salesperson, associate broker, broker, or community association manager
B) Only a broker
C) Only a salesperson
D) Anyone who owns rental property
, Answer: A
A licensee is defined as a salesperson, associate broker, broker, or community association
manager .
9. Who is considered a "broker" under Georgia community association management
regulations?
A) Any licensed salesperson
B) Any person or entity that collects assessments or performs community
association management services
C) Only the owner of a management company
D) Anyone who works full-time for a developer
Answer: B
A broker is any person or entity that collects assessments or performs community
association management services. They are referred to as the "Top Dog of RE Ladder" .
10. A CAM license holder must work under the supervision of whom?
A) A salesperson
B) An active Georgia real estate broker
C) The property owner
D) The HOA board president
Answer: B
Even with a CAM license, you must still work under a licensed broker, especially if you
handle association funds .
11. After passing the CAM licensing exam, how long does an applicant have to
submit an application to GREC?
A) 30 days
B) 6 months
C) 12 months
D) 24 months