CAM - Community Association Manager
License GA
11 studiers today 4.7 (9 reviews)
Save
Students also studied
Flashcard sets Study guides
Capitus CAM Course Community association manager CAM STATE EXAM STUDY GUIDE GEORG
180 terms 100 terms 81 terms 31 terms
Koakoa94 Preview john_soba Preview Academic_Guider Preview quiz
Terms in this set (233) Hide definitions
The Year 1925 License Law enacted and the GREC (Georgia Real Estate Commission) was
created to protect from harmful acts of Real Estate brokers.
GREC Georgia Real Estate Commission; holds 6 members. 1 of which is not RE (real
estate) licensed
GREC's Authority 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 CAM Created in GA
Licensee a salesperson, associate broker, broker, or community association manager
Broker any person who or entity that collects assessments or performs community
association management services; AKA Top Dog of RE Ladder
, Community Association 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) 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? 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
Can I hold a license, but provide CAM services directly to NO! Either surrender the license or find a broker that will hire you.
my own community that I am a member of?
CAM is to Broker as Agent is to Principal
Community Association is to Broker as Principal is to Agent
When hired by a brokerage, do I need to notify the Yes.
GREC?
Does a salesperson and CAM have no authority without a Yes. They are the ones to assign your role and duties.
broker?
CAM & Salesperson Requirement for Age 18
CAM, Salesperson, & Broker Requirement for Education High School Diploma or Equivalent
CAM Course Requirement 25-Hour Commission Approved Course and Test
GREC Qualifying Broker Requirements 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
License GA
11 studiers today 4.7 (9 reviews)
Save
Students also studied
Flashcard sets Study guides
Capitus CAM Course Community association manager CAM STATE EXAM STUDY GUIDE GEORG
180 terms 100 terms 81 terms 31 terms
Koakoa94 Preview john_soba Preview Academic_Guider Preview quiz
Terms in this set (233) Hide definitions
The Year 1925 License Law enacted and the GREC (Georgia Real Estate Commission) was
created to protect from harmful acts of Real Estate brokers.
GREC Georgia Real Estate Commission; holds 6 members. 1 of which is not RE (real
estate) licensed
GREC's Authority 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 CAM Created in GA
Licensee a salesperson, associate broker, broker, or community association manager
Broker any person who or entity that collects assessments or performs community
association management services; AKA Top Dog of RE Ladder
, Community Association 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) 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? 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
Can I hold a license, but provide CAM services directly to NO! Either surrender the license or find a broker that will hire you.
my own community that I am a member of?
CAM is to Broker as Agent is to Principal
Community Association is to Broker as Principal is to Agent
When hired by a brokerage, do I need to notify the Yes.
GREC?
Does a salesperson and CAM have no authority without a Yes. They are the ones to assign your role and duties.
broker?
CAM & Salesperson Requirement for Age 18
CAM, Salesperson, & Broker Requirement for Education High School Diploma or Equivalent
CAM Course Requirement 25-Hour Commission Approved Course and Test
GREC Qualifying Broker Requirements 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
