CAM 2026 FINAL PAPER COMPREHENSIVE
QUESTIONS WITH ACCURATE SOLUTIONS
◉ 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.
◉ 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
QUESTIONS WITH ACCURATE SOLUTIONS
◉ 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.
◉ 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
