What is the minimum number of units required for a community association to be classified under CAM?

Prepare for the Bob Hogue Sales Associate Exam with expert-level resources. Empower your study process using interactive quizzes, flashcards, and comprehensive questions that include insightful explanations and answers to excel and achieve success.

To classify a community association under the Community Association Management (CAM), the minimum requirement is that the association must have at least 10 units. This criterion is established to ensure that there is a sufficient number of units to necessitate professional management, as smaller associations may operate effectively without formal management structures due to their limited scope and size.

Having a threshold of 10 units helps to delineate which associations fall under the CAM regulations, allowing for the appropriate application of laws, management practices, and community governance. Therefore, it is essential for individuals involved in community associations to understand this threshold to ensure compliance and to acknowledge the need for professional management when the community grows large enough to require it.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy