CAM - Community Association Manager
License GA Questions and Answers |
2026 Complete Prep | A+ Verified
• GREC -✓✓Georgia Real Estate Commission; holds 6 members. 1 of which is
not RE (real estate) licensed
• GREC's Authority -✓✓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 -✓✓CAM Created in GA
• Licensee -✓✓a salesperson, associate broker, broker, or community association
manager
• Broker -✓✓any person who or entity that collects assessments or performs
community association management services; AKA Top Dog of RE Ladder
• Community Association -✓✓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) -✓✓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? -✓✓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? -✓✓NO! Either surrender the license or find a broker that
will hire you.
• CAM is to Broker as Agent is to -✓✓Principal
• Community Association is to Broker as Principal is to -✓✓Agent
• When hired by a brokerage, do I need to notify the GREC? -✓✓Yes.
• Does a salesperson and CAM have no authority without a broker? -✓✓Yes. They
are the ones to assign your role and duties.
• CAM & Salesperson Requirement for Age -✓✓18
,• CAM, Salesperson, & Broker Requirement for Education -✓✓High School
Diploma or Equivalent
• CAM Course Requirement -✓✓25-Hour Commission Approved Course and Test
• GREC Qualifying Broker Requirements -✓✓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? -✓✓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? -
✓✓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? -✓✓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?
-✓✓30 days. Must return complete and accurate records of all financials, funds,
and any documents or records received on the Associations behalf
, • Severability -✓✓cancelling the whole or part of a contract
• Term of a Contract -✓✓Length of time it is valid; REQUIRED on ALL contracts
• When is Fidelity Insurance Required? -✓✓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? -✓✓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: -
✓✓Term Clause
• Who determines the duties of a licensed CAM? -✓✓The qualifying broker
• What are the two types of property? -✓✓Real and Personal
• Personal Property -✓✓All property which is movable in nature (i.e. furniture,
crops, cut timber)
• Real Property -✓✓All 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? -✓✓Bill of Sale
License GA Questions and Answers |
2026 Complete Prep | A+ Verified
• GREC -✓✓Georgia Real Estate Commission; holds 6 members. 1 of which is
not RE (real estate) licensed
• GREC's Authority -✓✓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 -✓✓CAM Created in GA
• Licensee -✓✓a salesperson, associate broker, broker, or community association
manager
• Broker -✓✓any person who or entity that collects assessments or performs
community association management services; AKA Top Dog of RE Ladder
• Community Association -✓✓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) -✓✓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? -✓✓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? -✓✓NO! Either surrender the license or find a broker that
will hire you.
• CAM is to Broker as Agent is to -✓✓Principal
• Community Association is to Broker as Principal is to -✓✓Agent
• When hired by a brokerage, do I need to notify the GREC? -✓✓Yes.
• Does a salesperson and CAM have no authority without a broker? -✓✓Yes. They
are the ones to assign your role and duties.
• CAM & Salesperson Requirement for Age -✓✓18
,• CAM, Salesperson, & Broker Requirement for Education -✓✓High School
Diploma or Equivalent
• CAM Course Requirement -✓✓25-Hour Commission Approved Course and Test
• GREC Qualifying Broker Requirements -✓✓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? -✓✓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? -
✓✓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? -✓✓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?
-✓✓30 days. Must return complete and accurate records of all financials, funds,
and any documents or records received on the Associations behalf
, • Severability -✓✓cancelling the whole or part of a contract
• Term of a Contract -✓✓Length of time it is valid; REQUIRED on ALL contracts
• When is Fidelity Insurance Required? -✓✓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? -✓✓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: -
✓✓Term Clause
• Who determines the duties of a licensed CAM? -✓✓The qualifying broker
• What are the two types of property? -✓✓Real and Personal
• Personal Property -✓✓All property which is movable in nature (i.e. furniture,
crops, cut timber)
• Real Property -✓✓All 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? -✓✓Bill of Sale
