GEORGIA COMMUNITY ASSOCIATION MANAGER (CAM) LICENSE
EXAM QUESTIONS AND ANSWERS WITH DETAILED RATIONALES EACH
| CURRENTLY TESTING AND FREQUENTLY TESTED QUESTIONS|
EXPERT VERIFIED FOR GUARANTEED PASS
This comprehensive 300-question practice exam is meticulously designed for
candidates preparing for the Georgia Community Association Manager (CAM) License
Examination. It covers all essential content areas including GREC regulations, licensing
requirements, fiduciary duties, association governance, financial management, contracts,
insurance, fair housing, property law, the Georgia Condominium Act, the Property Owners'
Association Act, ethics, and professional standards. Each question features four distinct
multiple-choice options, a single correct answer, and a detailed rationale explaining the
underlying legal and professional concepts. The content reflects current Georgia Real Estate
Commission (GREC) exam standards and tests the critical knowledge required to successfully
obtain and maintain a CAM license in Georgia.
SECTION 1: GREC AND LICENSE LAW FOUNDATIONS (Questions 1-30)
Question 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) 1925 - To protect the public from harmful acts of real estate brokers.
Rationale: 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. The CAM license was created
later in 1996.
Question 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
1
,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) 6 members, one of whom is not real estate licensed (a public
member).
Rationale: GREC has 6 members, with 1 member who is not real estate licensed
(a public member). This structure ensures both industry expertise and public
representation on the commission.
Question 3:
Which of the following is NOT an authority granted to the Georgia Real Estate
Commission (GREC)?
a) Issue or deny real estate licenses
b) Set commission rates for real estate transactions
c) Discipline licensees by revoking, suspending, warning, or fining
d) Set rules and regulations and establish fees
Answer: b) Set commission rates for real estate transactions.
Rationale: GREC can issue or deny licenses, discipline licensees, and set rules
and fees, but does not set commission rates for real estate transactions.
Commission rates are determined by the market and negotiated between parties.
Question 4:
What is the minimum age requirement to obtain a Community Association
Manager
(CAM) license in Georgia?
a) 16 years old
b) 18 years old
c) 21 years old
d) 25 years old
Answer: b) 18 years old.
Rationale: Applicants must be at least 18 years of age to be licensed as a
community association manager in Georgia. Individuals may take the examination
at age 17 but cannot activate the license until they turn 18.
2
,Question 5:
What is the educational requirement for obtaining a CAM license in Georgia?
a) 75 hours of pre-license education
b) 25 hours of pre-license education specific to community association
management
c) A bachelor's degree in business administration
d) No formal education requirement
Answer: b) 25 hours of pre-license education specific to community association
management.
Rationale: Candidates must successfully complete the 25-hour Community
Association Manager's Prelicense Course approved by the Georgia Real Estate
Commission. This specialized education covers governing documents, association
finances, and other community management topics.
Question 6:
A Community Association Manager in Georgia 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) An active Georgia real estate broker.
Rationale: Even with a CAM license, you must still work under a licensed broker,
especially if you handle association funds. The qualifying broker authorizes
your day-to-day duties and determines what they will be.
Question 7:
According to Georgia law, a CAM license is required for which of the following
activities?
a) Managing a single-family rental property owned by an individual
b) Managing a community association with common areas and collecting
association fees
3
, c) Selling real estate as a salesperson
d) Providing property maintenance services only
Answer: b) Managing a community association with common areas and collecting
association fees.
Rationale: A CAM license is required for individuals who manage community
associations, including collecting assessments, managing common areas, and
performing other community association management functions. Managing
single-family rentals typically requires a real estate license, not a CAM
license.
Question 8:
How long is a Georgia CAM license valid before it must be renewed?
a) 1 year
b) 2 years
c) 3 years
d) 4 years
Answer: d) 4 years.
Rationale: Georgia real estate licenses, including CAM licenses, are typically
valid for a 4-year period and must be renewed before expiration. Continuing
education is required for renewal.
Question 9:
What is the residency requirement for a Georgia CAM license?
a) Must be a resident of Georgia
b) Must be a resident of the United States
c) Must be a resident of Georgia or have fully complied with non-resident
licensing provisions
d) No residency requirement
Answer: c) Must be a resident of Georgia or have fully complied with non-resident
licensing provisions.
Rationale: Applicants must be a resident of the State of Georgia, unless they
have fully complied with the provisions of Code Section 43-40-9 regarding
non-resident licensing.
4
EXAM QUESTIONS AND ANSWERS WITH DETAILED RATIONALES EACH
| CURRENTLY TESTING AND FREQUENTLY TESTED QUESTIONS|
EXPERT VERIFIED FOR GUARANTEED PASS
This comprehensive 300-question practice exam is meticulously designed for
candidates preparing for the Georgia Community Association Manager (CAM) License
Examination. It covers all essential content areas including GREC regulations, licensing
requirements, fiduciary duties, association governance, financial management, contracts,
insurance, fair housing, property law, the Georgia Condominium Act, the Property Owners'
Association Act, ethics, and professional standards. Each question features four distinct
multiple-choice options, a single correct answer, and a detailed rationale explaining the
underlying legal and professional concepts. The content reflects current Georgia Real Estate
Commission (GREC) exam standards and tests the critical knowledge required to successfully
obtain and maintain a CAM license in Georgia.
SECTION 1: GREC AND LICENSE LAW FOUNDATIONS (Questions 1-30)
Question 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) 1925 - To protect the public from harmful acts of real estate brokers.
Rationale: 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. The CAM license was created
later in 1996.
Question 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
1
,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) 6 members, one of whom is not real estate licensed (a public
member).
Rationale: GREC has 6 members, with 1 member who is not real estate licensed
(a public member). This structure ensures both industry expertise and public
representation on the commission.
Question 3:
Which of the following is NOT an authority granted to the Georgia Real Estate
Commission (GREC)?
a) Issue or deny real estate licenses
b) Set commission rates for real estate transactions
c) Discipline licensees by revoking, suspending, warning, or fining
d) Set rules and regulations and establish fees
Answer: b) Set commission rates for real estate transactions.
Rationale: GREC can issue or deny licenses, discipline licensees, and set rules
and fees, but does not set commission rates for real estate transactions.
Commission rates are determined by the market and negotiated between parties.
Question 4:
What is the minimum age requirement to obtain a Community Association
Manager
(CAM) license in Georgia?
a) 16 years old
b) 18 years old
c) 21 years old
d) 25 years old
Answer: b) 18 years old.
Rationale: Applicants must be at least 18 years of age to be licensed as a
community association manager in Georgia. Individuals may take the examination
at age 17 but cannot activate the license until they turn 18.
2
,Question 5:
What is the educational requirement for obtaining a CAM license in Georgia?
a) 75 hours of pre-license education
b) 25 hours of pre-license education specific to community association
management
c) A bachelor's degree in business administration
d) No formal education requirement
Answer: b) 25 hours of pre-license education specific to community association
management.
Rationale: Candidates must successfully complete the 25-hour Community
Association Manager's Prelicense Course approved by the Georgia Real Estate
Commission. This specialized education covers governing documents, association
finances, and other community management topics.
Question 6:
A Community Association Manager in Georgia 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) An active Georgia real estate broker.
Rationale: Even with a CAM license, you must still work under a licensed broker,
especially if you handle association funds. The qualifying broker authorizes
your day-to-day duties and determines what they will be.
Question 7:
According to Georgia law, a CAM license is required for which of the following
activities?
a) Managing a single-family rental property owned by an individual
b) Managing a community association with common areas and collecting
association fees
3
, c) Selling real estate as a salesperson
d) Providing property maintenance services only
Answer: b) Managing a community association with common areas and collecting
association fees.
Rationale: A CAM license is required for individuals who manage community
associations, including collecting assessments, managing common areas, and
performing other community association management functions. Managing
single-family rentals typically requires a real estate license, not a CAM
license.
Question 8:
How long is a Georgia CAM license valid before it must be renewed?
a) 1 year
b) 2 years
c) 3 years
d) 4 years
Answer: d) 4 years.
Rationale: Georgia real estate licenses, including CAM licenses, are typically
valid for a 4-year period and must be renewed before expiration. Continuing
education is required for renewal.
Question 9:
What is the residency requirement for a Georgia CAM license?
a) Must be a resident of Georgia
b) Must be a resident of the United States
c) Must be a resident of Georgia or have fully complied with non-resident
licensing provisions
d) No residency requirement
Answer: c) Must be a resident of Georgia or have fully complied with non-resident
licensing provisions.
Rationale: Applicants must be a resident of the State of Georgia, unless they
have fully complied with the provisions of Code Section 43-40-9 regarding
non-resident licensing.
4
