Exam (elaborations)
FL CAM - Community Association Manager License GA 2024 With 100% Correct Answers Guarantee Pass
- Course
- Institution
FL CAM - Community Association Manager License GA 2024 With 100% Correct Answers Guarantee Pass
[Show more]
Content preview
FL CAM - Community Association Manager License GA.pdf file:///C:/Users/HP/Desktop/New%20fo/FL%20CAM%20-%20CommFL CAM - Community Association Manager License
GA
1. TheYear 1925
Answer License Law enacted and the GREC (Georgia Real Estate Com-mission) was created to
protect from harmful acts of Real Estate brokers.
2. GREC
Answer Georgia Real Estate Commission; holds 6 members. 1 of which is not RE (real estate)
licensed
3. GREC's Authority
Answer Can Issue or Deny RE (real estate) Licenses, Can disciplineby revoking, suspending,
warning, or fining, Can set rules and regs, and Establishesfees
4. TheYear 1996
Answer CAM Created in GA
5. Licensee
Answer a salesperson, associate broker, broker, or community associationmanager
1 of 73 9/10/2024, 7:59
,FL CAM - Community Association Manager License GA.pdf file:///C:/Users/HP/Desktop/New%20fo/FL%20CAM%20-%20Comm
6. Broker
Answer any person who or entity that collects assessments or performs commu-nity association
management services; AKA Top Dog of RE Ladder
7. Community Association
Answer an organization in which common area property isowned or managed by an
association in which membership is mandatory as anincident of ownership within the
community
8. CAM (community association manager)
Answer providing management or admin ser-vices 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
9. 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)
2 of 73 9/10/2024, 7:59
,FL CAM - Community Association Manager License GA.pdf file:///C:/Users/HP/Desktop/New%20fo/FL%20CAM%20-%20Comm
5. Anyone performing maintenance on the property
6. A CPA (certified public accountant)
7. A licensed practicing attorney
10. Can I hold a license, but provide CAM services directly to my own commu-nity that I am
a member of?
Answer NO! Either surrender the license or find a broker thatwill hire you.
11. CAM is to Broker as Agent is to
Answer Principal
12. Community Association is to Broker as Principal is to
Answer Agent
13. When hired by a brokerage, do I need to notify the GREC?
Answer Yes.
14. Does a salesperson and CAM have no authority without a broker?
Answer Yes.They are the ones to assign your role and duties.
15. CAM & Salesperson Requirement for Age
Answer 18
16. CAM, Salesperson, & Broker Requirement for Education
Answer High School Diplo-ma or Equivalent
3 of 73 9/10/2024, 7:59
,FL CAM - Community Association Manager License GA.pdf file:///C:/Users/HP/Desktop/New%20fo/FL%20CAM%20-%20Comm
17. CAM Course Requirement
Answer 25-Hour Commission Approved Course and Test
4 of 73 9/10/2024, 7:59
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BESTGOODIES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
