Community Association Manager (CAM) Updated
Questions and Answers (2026/2027) | Practice
Review | A+ Verified
• GREC . CORRECT ANSWER: Georgia Real Estate Commission; holds 6
members. 1 of which is not RE (real estate) licensed
• GREC's Authority . CORRECT 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
• The Year 1996 . CORRECT ANSWER: CAM Created in GA
• Licensee . CORRECT ANSWER: a salesperson, associate broker, broker, or
community association manager
• Broker . CORRECT ANSWER: any person who or entity that collects
assessments or performs community association management services; AKA Top
Dog of RE Ladder
• Community Association . CORRECT 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
• CAM (community association manager) . CORRECT ANSWER: 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? . CORRECT 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
• Can I hold a license, but provide CAM services directly to my own community
that I am a member of? . CORRECT ANSWER: NO! Either surrender the license
or find a broker that will hire you.
• CAM is to Broker as Agent is to . CORRECT ANSWER: Principal
• Community Association is to Broker as Principal is to . CORRECT ANSWER:
Agent
• When hired by a brokerage, do I need to notify the GREC? . CORRECT
ANSWER: Yes.
• Does a salesperson and CAM have no authority without a broker? . CORRECT
ANSWER: Yes. They are the ones to assign your role and duties.
• CAM & Salesperson Requirement for Age . CORRECT ANSWER: 18
,• CAM, Salesperson, & Broker Requirement for Education . CORRECT
ANSWER: High School Diploma or Equivalent
• CAM Course Requirement . CORRECT ANSWER: 25-Hour Commission
Approved Course and Test
• GREC Qualifying Broker Requirements . CORRECT ANSWER: 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
• As a broker, can I solicit business from another brokerage? . CORRECT
ANSWER: NO! You must have written approval from the current brokerage of the
CA prior to trying to poach them.
• Do brokers need permission to sell RE in a community they also manage? .
CORRECT ANSWER: Yes. It is normally in the management contract, however if
the broker thinks far enough ahead.
• Can I, as a CAM, sell my house without notifying anyone? . CORRECT
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.
• How long does the broker have to return documents after termination of contract?
. CORRECT ANSWER: 30 days. Must return complete and accurate records of all
financials, funds, and any documents or records received on the Associations
behalf
, • Severability . CORRECT ANSWER: cancelling the whole or part of a contract
• Term of a Contract . CORRECT ANSWER: Length of time it is valid;
REQUIRED on ALL contracts
• When is Fidelity Insurance Required? . CORRECT ANSWER: Required when a
broker has access to more than $60,000 in funds to be covered by a bond
(insurance)
• How much should fidelity insurance cover? . CORRECT ANSWER: It should
cover the maximum amount of funds that the broker has access to, but should
never be less than the sum of 3 month assessments due from all members of the
association and the reserve funds combined
• Exclusive management agreement with community associations must contain a: .
CORRECT ANSWER: Term Clause
• Who determines the duties of a licensed CAM? . CORRECT ANSWER: The
qualifying broker
• What are the two types of property? . CORRECT ANSWER: Real and Personal
• Personal Property . CORRECT ANSWER: All property which is movable in
nature (i.e. furniture, crops, cut timber)
• Real Property . CORRECT ANSWER: All things permanently attached to the
land or to the buildings (i.e. soil, concrete bed the house is on, house walls)
Questions and Answers (2026/2027) | Practice
Review | A+ Verified
• GREC . CORRECT ANSWER: Georgia Real Estate Commission; holds 6
members. 1 of which is not RE (real estate) licensed
• GREC's Authority . CORRECT 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
• The Year 1996 . CORRECT ANSWER: CAM Created in GA
• Licensee . CORRECT ANSWER: a salesperson, associate broker, broker, or
community association manager
• Broker . CORRECT ANSWER: any person who or entity that collects
assessments or performs community association management services; AKA Top
Dog of RE Ladder
• Community Association . CORRECT 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
• CAM (community association manager) . CORRECT ANSWER: 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? . CORRECT 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
• Can I hold a license, but provide CAM services directly to my own community
that I am a member of? . CORRECT ANSWER: NO! Either surrender the license
or find a broker that will hire you.
• CAM is to Broker as Agent is to . CORRECT ANSWER: Principal
• Community Association is to Broker as Principal is to . CORRECT ANSWER:
Agent
• When hired by a brokerage, do I need to notify the GREC? . CORRECT
ANSWER: Yes.
• Does a salesperson and CAM have no authority without a broker? . CORRECT
ANSWER: Yes. They are the ones to assign your role and duties.
• CAM & Salesperson Requirement for Age . CORRECT ANSWER: 18
,• CAM, Salesperson, & Broker Requirement for Education . CORRECT
ANSWER: High School Diploma or Equivalent
• CAM Course Requirement . CORRECT ANSWER: 25-Hour Commission
Approved Course and Test
• GREC Qualifying Broker Requirements . CORRECT ANSWER: 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
• As a broker, can I solicit business from another brokerage? . CORRECT
ANSWER: NO! You must have written approval from the current brokerage of the
CA prior to trying to poach them.
• Do brokers need permission to sell RE in a community they also manage? .
CORRECT ANSWER: Yes. It is normally in the management contract, however if
the broker thinks far enough ahead.
• Can I, as a CAM, sell my house without notifying anyone? . CORRECT
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.
• How long does the broker have to return documents after termination of contract?
. CORRECT ANSWER: 30 days. Must return complete and accurate records of all
financials, funds, and any documents or records received on the Associations
behalf
, • Severability . CORRECT ANSWER: cancelling the whole or part of a contract
• Term of a Contract . CORRECT ANSWER: Length of time it is valid;
REQUIRED on ALL contracts
• When is Fidelity Insurance Required? . CORRECT ANSWER: Required when a
broker has access to more than $60,000 in funds to be covered by a bond
(insurance)
• How much should fidelity insurance cover? . CORRECT ANSWER: It should
cover the maximum amount of funds that the broker has access to, but should
never be less than the sum of 3 month assessments due from all members of the
association and the reserve funds combined
• Exclusive management agreement with community associations must contain a: .
CORRECT ANSWER: Term Clause
• Who determines the duties of a licensed CAM? . CORRECT ANSWER: The
qualifying broker
• What are the two types of property? . CORRECT ANSWER: Real and Personal
• Personal Property . CORRECT ANSWER: All property which is movable in
nature (i.e. furniture, crops, cut timber)
• Real Property . CORRECT ANSWER: All things permanently attached to the
land or to the buildings (i.e. soil, concrete bed the house is on, house walls)
