CAM – Community Association Manager License GA |
2025/2026 Updated Exam Prep & Study Guide | 100% Pass
Guarantee
The Year 1925 - correct answerLicense Law enacted and the GREC (Georgia Real
Estate Commission) was created to protect from harmful acts of Real Estate brokers.
GREC - correct answerGeorgia Real Estate Commission; holds 6 members. 1 of which
is not RE (real estate) licensed
GREC's Authority - correct answerCan 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 answerCAM Created in GA
Licensee - correct answera salesperson, associate broker, broker, or community
association manager
Broker - correct answerany person who or entity that collects assessments or performs
community association management services; AKA Top Dog of RE Ladder
Community Association - correct answeran 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 answerproviding 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 answer1. 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 answerNO! Either surrender the license or find a broker that will
hire you.
CAM is to Broker as Agent is to - correct answerPrincipal
Community Association is to Broker as Principal is to - correct answerAgent
When hired by a brokerage, do I need to notify the GREC? - correct answerYes.
Does a salesperson and CAM have no authority without a broker? - correct answerYes.
They are the ones to assign your role and duties.
CAM & Salesperson Requirement for Age - correct answer18
CAM, Salesperson, & Broker Requirement for Education - correct answerHigh School
Diploma or Equivalent
CAM Course Requirement - correct answer25-Hour Commission Approved Course and
Test
GREC Qualifying Broker Requirements - correct answer1. 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 answerNO! 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
answerYes. 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 answerNo! 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 answer30 days. Must return complete and accurate records of all financials,
funds, and any documents or records received on the Associations behalf
Severability - correct answercancelling the whole or part of a contract
, Term of a Contract - correct answerLength of time it is valid; REQUIRED on ALL
contracts
When is Fidelity Insurance Required? - correct answerRequired 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 answerIt 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 answerTerm Clause
Who determines the duties of a licensed CAM? - correct answerThe qualifying broker
What are the two types of property? - correct answerReal and Personal
Personal Property - correct answerAll property which is movable in nature (i.e. furniture,
crops, cut timber)
Real Property - correct answerAll things permanently attached to the land or to the
buildings (i.e. soil, concrete bed the house is on, house walls)
To Sell Personal Property, What type of Document is Needed? - correct answerBill of
Sale
To Sell Real Property, What type of document is needed? - correct answerDeed
What is required on a deed to sell real property in GA? - correct answer1. Name and
signature of grantor
2. Name of grantee
3. Legal description of property
4. Sentence or two explaining the value/consideration being received by the grantor to
grantee
5. Sentence explaining what the grantor is conveying/rights given to the grantee
(example: allowing them to purchase air rights, tree rights?)
Grantor - correct answerThe seller or Giver of the property
Grantee - correct answerReceiver of the property
How is a deed valid or enforcable? - correct answerAs soon as it is signed by the
grantor! However, for the public to know, one must Record the deed in the county land
records with the following:
1. One unofficial witness
2025/2026 Updated Exam Prep & Study Guide | 100% Pass
Guarantee
The Year 1925 - correct answerLicense Law enacted and the GREC (Georgia Real
Estate Commission) was created to protect from harmful acts of Real Estate brokers.
GREC - correct answerGeorgia Real Estate Commission; holds 6 members. 1 of which
is not RE (real estate) licensed
GREC's Authority - correct answerCan 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 answerCAM Created in GA
Licensee - correct answera salesperson, associate broker, broker, or community
association manager
Broker - correct answerany person who or entity that collects assessments or performs
community association management services; AKA Top Dog of RE Ladder
Community Association - correct answeran 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 answerproviding 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 answer1. 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 answerNO! Either surrender the license or find a broker that will
hire you.
CAM is to Broker as Agent is to - correct answerPrincipal
Community Association is to Broker as Principal is to - correct answerAgent
When hired by a brokerage, do I need to notify the GREC? - correct answerYes.
Does a salesperson and CAM have no authority without a broker? - correct answerYes.
They are the ones to assign your role and duties.
CAM & Salesperson Requirement for Age - correct answer18
CAM, Salesperson, & Broker Requirement for Education - correct answerHigh School
Diploma or Equivalent
CAM Course Requirement - correct answer25-Hour Commission Approved Course and
Test
GREC Qualifying Broker Requirements - correct answer1. 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 answerNO! 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
answerYes. 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 answerNo! 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 answer30 days. Must return complete and accurate records of all financials,
funds, and any documents or records received on the Associations behalf
Severability - correct answercancelling the whole or part of a contract
, Term of a Contract - correct answerLength of time it is valid; REQUIRED on ALL
contracts
When is Fidelity Insurance Required? - correct answerRequired 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 answerIt 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 answerTerm Clause
Who determines the duties of a licensed CAM? - correct answerThe qualifying broker
What are the two types of property? - correct answerReal and Personal
Personal Property - correct answerAll property which is movable in nature (i.e. furniture,
crops, cut timber)
Real Property - correct answerAll things permanently attached to the land or to the
buildings (i.e. soil, concrete bed the house is on, house walls)
To Sell Personal Property, What type of Document is Needed? - correct answerBill of
Sale
To Sell Real Property, What type of document is needed? - correct answerDeed
What is required on a deed to sell real property in GA? - correct answer1. Name and
signature of grantor
2. Name of grantee
3. Legal description of property
4. Sentence or two explaining the value/consideration being received by the grantor to
grantee
5. Sentence explaining what the grantor is conveying/rights given to the grantee
(example: allowing them to purchase air rights, tree rights?)
Grantor - correct answerThe seller or Giver of the property
Grantee - correct answerReceiver of the property
How is a deed valid or enforcable? - correct answerAs soon as it is signed by the
grantor! However, for the public to know, one must Record the deed in the county land
records with the following:
1. One unofficial witness
