CAM - Community Association Manager License
GA EXAM (2025) UPDATE Verified Questions And
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Terms in this set (233)
The Year 1925 License Law enacted and the GREC (Georgia Real
Estate Commission) was created to protect from
harmful acts of Real Estate brokers.
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 providing management or admin services to the
manager) 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 1. Developer
WITHOUT a license? 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 NO! Either surrender the license or find a broker
CAM services directly to my own that will hire you.
community that I am a member of?
CAM is to Broker as Agent is to Principal
Community Association is to Broker Agent
as Principal is to
, When hired by a brokerage, do I Yes.
need to notify the GREC?
Does a salesperson and CAM have Yes. They are the ones to assign your role and
no authority without a broker? duties.
CAM & Salesperson Requirement for 18
Age
CAM, Salesperson, & Broker High School Diploma or Equivalent
Requirement for Education
CAM Course Requirement 25-Hour Commission Approved Course and Test
GREC Qualifying Broker 1. Must be a human being
Requirements 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 NO! You must have written approval from the
from another brokerage? current brokerage of the CA prior to trying to
poach them.
Do brokers need permission to sell Yes. It is normally in the management contract,
RE in a community they also however if the broker thinks far enough ahead.
manage?
GA EXAM (2025) UPDATE Verified Questions And
Answers | With 100% Correct Answers graded A+
Guaranteed Success!!
Save
Terms in this set (233)
The Year 1925 License Law enacted and the GREC (Georgia Real
Estate Commission) was created to protect from
harmful acts of Real Estate brokers.
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 providing management or admin services to the
manager) 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 1. Developer
WITHOUT a license? 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 NO! Either surrender the license or find a broker
CAM services directly to my own that will hire you.
community that I am a member of?
CAM is to Broker as Agent is to Principal
Community Association is to Broker Agent
as Principal is to
, When hired by a brokerage, do I Yes.
need to notify the GREC?
Does a salesperson and CAM have Yes. They are the ones to assign your role and
no authority without a broker? duties.
CAM & Salesperson Requirement for 18
Age
CAM, Salesperson, & Broker High School Diploma or Equivalent
Requirement for Education
CAM Course Requirement 25-Hour Commission Approved Course and Test
GREC Qualifying Broker 1. Must be a human being
Requirements 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 NO! You must have written approval from the
from another brokerage? current brokerage of the CA prior to trying to
poach them.
Do brokers need permission to sell Yes. It is normally in the management contract,
RE in a community they also however if the broker thinks far enough ahead.
manage?
