CAM COMMUNITY ASSOCIATION MANAGER COMPREHENSIVE EXAM | community association which includes collecting, controlling, or disbursing the
QUESTIONS AND ANSWERS | VERIFIED ANSWERS | LATEST EXAM UPDATE funds, obtaining insurance, arranging/coordinating
maintenance and overseeing the day-to-day operations of the association
◉ GREC. - CORRECT ANSWER - Georgia Real Estate Commission;
holds 6 members. 1 of which is not RE (real estate) licensed
◉ Who can provide CAM services WITHOUT a license?. - CORRECT
ANSWER - 1. Developer
◉ GREC's Authority. - CORRECT ANSWER - Can Issue or Deny RE 2. Anyone that works FULLTIME directly for the developer
(real estate) Licenses, Can discipline by revoking, suspending, warning, or 3. Anyone hired on a FULLTIME basis by the HOA
fining, Can set rules and regs, and Establishes fees
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
◉ The Year 1996. - CORRECT ANSWER - CAM Created in GA 6. A CPA (certified public accountant)
7. A licensed practicing attorney
◉ Licensee. - CORRECT ANSWER - a salesperson, associate broker,
broker, or community association manager
◉ 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.
◉ Broker. - CORRECT ANSWER - any person who or entity that collects
assessments or performs community association management services; AKA
Top Dog of RE Ladder
◉ CAM is to Broker as Agent is to. - CORRECT ANSWER - Principal
◉ Community Association. - CORRECT ANSWER - an organization in
which common area property is owned or managed by an association in which ◉ Community Association is to Broker as Principal is to. - CORRECT
membership is mandatory as an incident of ownership within the community ANSWER - Agent
◉ CAM (community association manager). - CORRECT ANSWER - ◉ When hired by a brokerage, do I need to notify the GREC?. -
providing management or admin services to the operation of affairs of a CORRECT ANSWER - Yes.
QUESTIONS AND ANSWERS | VERIFIED ANSWERS | LATEST EXAM UPDATE funds, obtaining insurance, arranging/coordinating
maintenance and overseeing the day-to-day operations of the association
◉ GREC. - CORRECT ANSWER - Georgia Real Estate Commission;
holds 6 members. 1 of which is not RE (real estate) licensed
◉ Who can provide CAM services WITHOUT a license?. - CORRECT
ANSWER - 1. Developer
◉ GREC's Authority. - CORRECT ANSWER - Can Issue or Deny RE 2. Anyone that works FULLTIME directly for the developer
(real estate) Licenses, Can discipline by revoking, suspending, warning, or 3. Anyone hired on a FULLTIME basis by the HOA
fining, Can set rules and regs, and Establishes fees
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
◉ The Year 1996. - CORRECT ANSWER - CAM Created in GA 6. A CPA (certified public accountant)
7. A licensed practicing attorney
◉ Licensee. - CORRECT ANSWER - a salesperson, associate broker,
broker, or community association manager
◉ 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.
◉ Broker. - CORRECT ANSWER - any person who or entity that collects
assessments or performs community association management services; AKA
Top Dog of RE Ladder
◉ CAM is to Broker as Agent is to. - CORRECT ANSWER - Principal
◉ Community Association. - CORRECT ANSWER - an organization in
which common area property is owned or managed by an association in which ◉ Community Association is to Broker as Principal is to. - CORRECT
membership is mandatory as an incident of ownership within the community ANSWER - Agent
◉ CAM (community association manager). - CORRECT ANSWER - ◉ When hired by a brokerage, do I need to notify the GREC?. -
providing management or admin services to the operation of affairs of a CORRECT ANSWER - Yes.
