What is the exam-ready answer?
| Roadmap lesson | 154 of 500 |
|---|---|
| Official syllabus topic | Real Estate Practice in Georgia: Community Association Management |
| Official PSI group | Real Estate Practice in Georgia |
| Published group count | 21 of the 52 Georgia questions |
| Exam portion | Georgia salesperson supplement |
| Source edition | PSI Georgia Candidate Information Bulletin dated July 1, 2026 |
| Law checked through | August 2, 2026 |
| Last verified | August 2, 2026 |
The Rule
PSI publishes 16, 21, and 15 items for the three Georgia groups. It does not publish a guaranteed subtopic count. The statute, current GREC rule, contract, or other cited primary authority controls each lesson.
Complete lesson
Read these concepts as one Georgia decision system. A plausible national rule can still be the wrong answer when the stem supplies a Georgia statute, instrument, role, or procedure.
Association, not rental owner
Community association management serves a homeowners, condominium, or similar association and is not identical to managing one owner's rental property.
CAM category
The CAM license authorizes defined association-management activity on behalf of the broker and does not create independent brokerage authority.
Agreement and board
The written agreement allocates authority among the association, board, broker, and manager for vendors, records, assessments, meetings, and operations.
Association funds
Assessments and reserves are association trust funds. Bills may be paid only when enough money is credited and deposited to that association's account.
Decision rule
Georgia rule and national contrast
Worked Georgia example
Scenario. A CAM signs a major vendor contract outside the authority given by the association's agreement and board resolution.
Reason it through. The CAM license does not create unlimited authority. The board's governance power, management agreement, and broker supervision determine what the manager may execute.
Answer. The CAM should obtain proper authorization rather than rely on the license alone.
Common exam traps
- Confusing CAM with rental property management
- Treating a license as contract authority
- Mixing association ledgers
- Ignoring broker supervision
Original practice questions with detailed explanations
These are original instructional questions mapped to the July 1, 2026 PSI outline. They are not copied from PSI or a live examination. Choose an answer before opening the explanation.
Question 1Which statement best states the Georgia rule for Community Association Management in Georgia?
- A. A CAM may independently perform every act of a broker.
- B. Community association funds belong to the individual manager.
- C. Identify the association, service, compensation, license category, supervising broker, management agreement, and whose funds are involved.
- D. A CAM license overrides the association's management agreement.
Show answer and explanation →
Answer: C. Identify the association, service, compensation, license category, supervising broker, management agreement, and whose funds are involved.
The correct choice states the controlling rule. The other choices either remove a required element, replace Georgia authority with a generic assumption, or expand an exception beyond the cited source.
Question 2A CAM signs a major vendor contract outside the authority given by the association's agreement and board resolution.
- A. Ignore the Georgia-specific fact because good intentions control.
- B. Apply the nearest national rule without checking Georgia authority.
- C. Let the participant with the strongest preference decide without following the required process.
- D. The CAM should obtain proper authorization rather than rely on the license alone.
Show answer and explanation →
Answer: D. The CAM should obtain proper authorization rather than rely on the license alone.
The CAM license does not create unlimited authority. The board's governance power, management agreement, and broker supervision determine what the manager may execute. The correct option follows that reasoning. The distractors ignore the controlling Georgia source, substitute intent for procedure, or give decision-making authority to the wrong person.
Question 3When solving Community Association Management in Georgia, what should a candidate identify first?
- A. Separate the association's governance decision from the broker's licensed service and the CAM's supervised task.
- B. The answer choice that sounds most ethical, without classifying the actor or document.
- C. One familiar deadline, applied to every Georgia transaction regardless of the source.
- D. A national default, even when the stem identifies a Georgia statute or GREC rule.
Show answer and explanation →
Answer: A. Separate the association's governance decision from the broker's licensed service and the CAM's supervised task.
The decision rule identifies the facts that control this topic. The other choices reward tone, a memorized number, or a national default while skipping the Georgia actor, document, authority, or procedure.
Mastery tracking
Mark this Georgia lesson mastered only when every statement is true.
- State the direct answer and decision rule without notes.
- Explain all four concepts and identify the controlling Georgia source.
- Solve the worked example after changing one important fact.
- Reject every listed trap and explain what makes it tempting.
- Answer all three original questions correctly and explain every distractor.
- Repeat this topic in mixed Georgia practice on a later day.
Recommended next lesson
Continue with Georgia Compensation, Referrals, Rebates, and Unlicensed Persons. Continue through the roadmap from lesson 154.
Return to the Real Estate Practice in Georgia hub for the complete official branch and every canonical lesson in this Georgia group.