CAM Community Association Manager License GA
Exam 2025/2026 – Verified Questions and Correct
Answers | Latest Update
Description: Comprehensive test bank for the Georgia Community Association
Manager (CAM) License Exam 2025/2026. Includes verified questions with
correct answers covering legal compliance, HOA management, budgeting, and
property operations.
Keywords: CAM license Georgia real estate community association property
management HOA laws state exam
Legal & Governance
1. What is the primary governing document for a community association
that establishes the association's basic framework and legal existence?
A. Rules & Regulations
B. Bylaws
C. Declaration of Covenants, Conditions, and Restrictions (CC&Rs)
D. Articles of Incorporation
2. Which document outlines the procedures for association meetings,
director elections, and officer appointments?
A. Declaration
B. Bylaws
C. Plat Map
D. Resolutions
3. In Georgia, the Georgia Property Owners' Association Act (GPOAA)
automatically applies to all associations.
A. True
B. False
,4. What type of meeting is specifically called to remove a board member
from office before their term expires?
A. Annual Meeting
B. Special Meeting
C. Executive Session
D. Budget Ratification Meeting
5. The "business judgment rule" protects association board members from
personal liability if they:
A. Act in good faith and in the best interest of the association
B. Guarantee a positive financial outcome for all decisions
C. Delegate all their responsibilities to the manager
D. Follow the advice of all homeowners
6. What is the minimum required number of board members for a
Georgia non-profit corporation?
A. One
B. Three
C. Five
D. Seven
7. A board meeting where members discuss pending litigation or personnel
matters is typically held in:
A. An Open Forum
B. A Special Meeting
C. An Executive Session
D. The Annual Meeting
8. The official records of the association must be made available for
inspection by members within how many business days of a written
request in Georgia?
A. 3 Business Days
B. 5 Business Days
C. 10 Business Days
D. 30 Business Days
, 9. The legal process by which an association can seize and sell a property
to recover unpaid assessments is called:
A. A Lien
B. A Levy
C. A Judgment
D. Garnishment
10.Which of the following is generally NOT a fiduciary duty of a
community association board member?
A. Duty of Care
B. Duty of Loyalty
C. Duty of Obedience
D. Duty to Fund Reserves 100%
Financial Management & Budgeting
11.The primary operating budget of an association is funded by:
A. Special Assessments
B. Reserve Funds
C. Regular Assessments (Dues)
D. Fines and Penalties
12.What type of assessment is typically a one-time charge for a specific,
non-recurring capital expense?
A. Regular Assessment
B. Special Assessment
C. Initiation Fee
D. Late Fee
13.The purpose of a reserve fund is to pay for:
A. Daily operating expenses like landscaping and utilities
B. Major repair and replacement of common elements
C. The board's legal defense in a lawsuit
D. Social events for the community
14.A Reserve Study does NOT typically include:
A. A component inventory
Exam 2025/2026 – Verified Questions and Correct
Answers | Latest Update
Description: Comprehensive test bank for the Georgia Community Association
Manager (CAM) License Exam 2025/2026. Includes verified questions with
correct answers covering legal compliance, HOA management, budgeting, and
property operations.
Keywords: CAM license Georgia real estate community association property
management HOA laws state exam
Legal & Governance
1. What is the primary governing document for a community association
that establishes the association's basic framework and legal existence?
A. Rules & Regulations
B. Bylaws
C. Declaration of Covenants, Conditions, and Restrictions (CC&Rs)
D. Articles of Incorporation
2. Which document outlines the procedures for association meetings,
director elections, and officer appointments?
A. Declaration
B. Bylaws
C. Plat Map
D. Resolutions
3. In Georgia, the Georgia Property Owners' Association Act (GPOAA)
automatically applies to all associations.
A. True
B. False
,4. What type of meeting is specifically called to remove a board member
from office before their term expires?
A. Annual Meeting
B. Special Meeting
C. Executive Session
D. Budget Ratification Meeting
5. The "business judgment rule" protects association board members from
personal liability if they:
A. Act in good faith and in the best interest of the association
B. Guarantee a positive financial outcome for all decisions
C. Delegate all their responsibilities to the manager
D. Follow the advice of all homeowners
6. What is the minimum required number of board members for a
Georgia non-profit corporation?
A. One
B. Three
C. Five
D. Seven
7. A board meeting where members discuss pending litigation or personnel
matters is typically held in:
A. An Open Forum
B. A Special Meeting
C. An Executive Session
D. The Annual Meeting
8. The official records of the association must be made available for
inspection by members within how many business days of a written
request in Georgia?
A. 3 Business Days
B. 5 Business Days
C. 10 Business Days
D. 30 Business Days
, 9. The legal process by which an association can seize and sell a property
to recover unpaid assessments is called:
A. A Lien
B. A Levy
C. A Judgment
D. Garnishment
10.Which of the following is generally NOT a fiduciary duty of a
community association board member?
A. Duty of Care
B. Duty of Loyalty
C. Duty of Obedience
D. Duty to Fund Reserves 100%
Financial Management & Budgeting
11.The primary operating budget of an association is funded by:
A. Special Assessments
B. Reserve Funds
C. Regular Assessments (Dues)
D. Fines and Penalties
12.What type of assessment is typically a one-time charge for a specific,
non-recurring capital expense?
A. Regular Assessment
B. Special Assessment
C. Initiation Fee
D. Late Fee
13.The purpose of a reserve fund is to pay for:
A. Daily operating expenses like landscaping and utilities
B. Major repair and replacement of common elements
C. The board's legal defense in a lawsuit
D. Social events for the community
14.A Reserve Study does NOT typically include:
A. A component inventory
