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CAM - COMMUNITY ASSOCIATION MANAGER LICENSE GA QUESTIONS AND ANSWERS LATEST EXAM UPDATE

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CAM - COMMUNITY ASSOCIATION MANAGER LICENSE GA QUESTIONS AND ANSWERS LATEST EXAM UPDATECAM - COMMUNITY ASSOCIATION MANAGER LICENSE GA QUESTIONS AND ANSWERS LATEST EXAM UPDATECAM - COMMUNITY ASSOCIATION MANAGER LICENSE GA QUESTIONS AND ANSWERS LATEST EXAM UPDATE

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CAM - COMMUNITY ASSOCIATION MANAGER LICENSE GA
Grado
CAM - COMMUNITY ASSOCIATION MANAGER LICENSE GA

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Subido en
23 de septiembre de 2025
Número de páginas
50
Escrito en
2025/2026
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Examen
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CAM - COMMUNITY ASSOCIATION MANAGER
LICENSE GA QUESTIONS AND ANSWERS
LATEST 2025-2026 EXAM UPDATE

CAM is to Broker as Agent is to - Answer-Principal


Community Association is to Broker as Principal is to - Answer-Agent


When hired by a brokerage, do I need to notify the GREC? - Answer-
Yes.


Does a salesperson and CAM have no authority without a broker? -
Answer-Yes. They are the ones to assign your role and duties.


CAM & Salesperson Requirement for Age - Answer-18


CAM, Salesperson, & Broker Requirement for Education - Answer-
High School Diploma or Equivalent


CAM Course Requirement - Answer-25-Hour Commission Approved
Course and Test

,GREC Qualifying Broker Requirements - 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? - 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? - 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? - 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? - Answer-30 days. Must return complete and accurate records
of all financials, funds, and any documents or records received on the
Associations behalf

,Severability - Answer-cancelling the whole or part of a contract


Term of a Contract - Answer-Length of time it is valid; REQUIRED on
ALL contracts




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.


GREC - Answer-Georgia Real Estate Commission; holds 6 members. 1
of which is not RE (real estate) licensed


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


The Year 1996 - Answer-CAM Created in GA


Licensee - Answer-a salesperson, associate broker, broker, or
community association manager


Broker - Answer-any person who or entity that collects assessments or
performs community association management services; AKA Top Dog
of RE Ladder

, 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


CAM (community association manager) - 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? - 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? - Answer-NO! Either surrender the
license or find a broker that will hire you.
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