Community association managers must be licensed under the Georgia Real Estate Commission in order to function as a community association manager in the state. NBC-CAM supports the regulation of community association managers but advocates that managers be tested and regulated on the core functions associated with managing community associations, and not as property managers, brokers, or real estate licensees.
Community association managers (CAMs) are licensed under the Georgia Real Estate Commission, Chapter 40 REAL ESTATE BROKERS AND SALESPERSONS, in order to function as a community association manager in the state:
(4.2)"Community association management services" means the provision, for a valuable consideration, to others of management or administrative services on, in, or to the operation of the affairs of a community association, including, but not limited to, collecting, controlling, or disbursing the funds; obtaining insurance, arranging for and coordinating maintenance to the association property; and otherwise overseeing the day-to-day operations of the association.
(4.3)"Community association manager" means a person who acts on behalf of a real estate broker in providing only community association management services.
Individuals must be at least 18 to be licensed as a community association manager, and applicants for the CAM exam must complete educational course hours; there are no experience requirements for a community association manager's license. Reports are that the CAM tests focuses more on knowledge of real estate issues and law, as opposed to more of the critical competency areas of managing community associations, although CAI advocates that managers be tested and regulated on the core functions associated with managing community associations, and not as property managers, brokers, or real estate licensees.
The Commission may require that each broker who provides community association management services under this chapter and who collects, controls, has access to, or disburses community association funds shall at all times provide or be covered by a fidelity bond or fidelity insurance coverage protecting the community associations being managed by the broker against loss of any funds belonging to those community associations being held or controlled by the broker.
Legislation & State-Specific Requirements
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