Under Georgia law, how is community association management (CAM) for compensation classified in relation to real estate licensing?
Correct Answer
A) Community association management for compensation is a separately regulated licensed activity and should not be confused with ordinary clerical support.
Georgia law under O.C.G.A. Title 43, Chapter 40 establishes community association management as a separately regulated licensed activity overseen by the Georgia Real Estate Commission. Performing CAM services for compensation requires the appropriate CAM license; it is a distinct professional activity that goes well beyond clerical or administrative support functions.
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Related Topics & Key Terms
Key Terms:
Related Concepts
In real estate, the distinction between an independent contractor and an employee determines tax treatment, liability, and the level of control a broker may exercise over the agent's daily activities. Most real estate agents operate as independent contractors.
Florida real estate licenses must be renewed biennially, and sales associates have specific post-license education requirements for their first renewal.
License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
More Practice Of Real Estate Questions
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