CAM - Community Association Manager License GA
Complete Questions and Guide Answers
100% Verified Graded A+
1. The Year 1925
Answer. License Law enacted and the GREC (Georgia Real Estate Commission) was created to protect from harmful acts of Real
Estate brokers.
2. GREC
Answer. Georgia Real Estate Commission; holds 6 members. 1 of which is not RE (real estate) licensed
3. GREC's Authority
Answer. Can Issue or Deny RE (real estate) Licenses, Can discipline by revoking, suspending, warning, or fining, Can set
rules and regs, and Establishes fees
4. The Year 1996
Answer. CAM Created in GA
5. Licensee
Answer. a salesperson, associate broker, broker, or community association manager
,6. Broker
Answer. any person who or entity that collects assessments or performs community association management services; AKA
Top Dog of RE Ladder
7. Community Association
Answer. 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
8. CAM (community association manager)
Answer. providing management or admin services to the op- eration of attairs 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
9. Who can provide CAM services WITHOUT a license?
Answer. 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
,10. Can I hold a license, but provide CAM services directly to my own community that I am a
member of?
Answer. NO! Either surrender the license or find a broker that will hire you.
11. CAM is to Broker as Agent is to
Answer. Principal
12. Community Association is to Broker as Principal is to
Answer. Agent
13. When hired by a brokerage, do I need to notify the GREC?
Answer. Yes.
14. Does a salesperson and CAM have no authority without a broker?
Answer. Yes. They are the ones to assign your role and duties.
15. CAM & Salesperson Requirement for Age
Answer. 18
16. CAM, Salesperson, & Broker Requirement for Education
Answer. HighSchoolDiploma or Equivalent
17. CAM Course Requirement
Answer. 25-Hour Commission Approved Course and Test
, 18. GREC Qualifying Broker Requirements
Answer. 1. Must be a human being
2. Must be an oflcer 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
19. As a broker, can I solicit business from another brokerage?
Answer. NO!Youmusthavewritten approval from the current brokerage of the CA prior to trying to poach them.
20. Do brokers need permission to sell RE in a community they also manage?
Answer. Yes. It is normally in the management contract, however if the broker thinks far enough ahead.
21. Can I, as a CAM, sell my house without notifying anyone?
Answer. No! You must disclose to your RE agent that you are licensed. Also, you MUST FIRST check with your broker prior
to going into contract with another brokerage company because this could be lost revenue to your broker's business.
22. How long does the broker have to return documents after termination of contract?
Answer. 30 days. Must return complete and accurate records of all financials, funds, and any documents or records received
on the Associations behalf
23. Severability
Answer. cancelling the whole or part of a contract
Complete Questions and Guide Answers
100% Verified Graded A+
1. The Year 1925
Answer. License Law enacted and the GREC (Georgia Real Estate Commission) was created to protect from harmful acts of Real
Estate brokers.
2. GREC
Answer. Georgia Real Estate Commission; holds 6 members. 1 of which is not RE (real estate) licensed
3. GREC's Authority
Answer. Can Issue or Deny RE (real estate) Licenses, Can discipline by revoking, suspending, warning, or fining, Can set
rules and regs, and Establishes fees
4. The Year 1996
Answer. CAM Created in GA
5. Licensee
Answer. a salesperson, associate broker, broker, or community association manager
,6. Broker
Answer. any person who or entity that collects assessments or performs community association management services; AKA
Top Dog of RE Ladder
7. Community Association
Answer. 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
8. CAM (community association manager)
Answer. providing management or admin services to the op- eration of attairs 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
9. Who can provide CAM services WITHOUT a license?
Answer. 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
,10. Can I hold a license, but provide CAM services directly to my own community that I am a
member of?
Answer. NO! Either surrender the license or find a broker that will hire you.
11. CAM is to Broker as Agent is to
Answer. Principal
12. Community Association is to Broker as Principal is to
Answer. Agent
13. When hired by a brokerage, do I need to notify the GREC?
Answer. Yes.
14. Does a salesperson and CAM have no authority without a broker?
Answer. Yes. They are the ones to assign your role and duties.
15. CAM & Salesperson Requirement for Age
Answer. 18
16. CAM, Salesperson, & Broker Requirement for Education
Answer. HighSchoolDiploma or Equivalent
17. CAM Course Requirement
Answer. 25-Hour Commission Approved Course and Test
, 18. GREC Qualifying Broker Requirements
Answer. 1. Must be a human being
2. Must be an oflcer 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
19. As a broker, can I solicit business from another brokerage?
Answer. NO!Youmusthavewritten approval from the current brokerage of the CA prior to trying to poach them.
20. Do brokers need permission to sell RE in a community they also manage?
Answer. Yes. It is normally in the management contract, however if the broker thinks far enough ahead.
21. Can I, as a CAM, sell my house without notifying anyone?
Answer. No! You must disclose to your RE agent that you are licensed. Also, you MUST FIRST check with your broker prior
to going into contract with another brokerage company because this could be lost revenue to your broker's business.
22. How long does the broker have to return documents after termination of contract?
Answer. 30 days. Must return complete and accurate records of all financials, funds, and any documents or records received
on the Associations behalf
23. Severability
Answer. cancelling the whole or part of a contract
