Final answer:
A CAM license is not required for managing an apartment complex, as this type of property does not fall under the same regulations as condominiums and homeowner associations which typically require a CAM license.
Step-by-step explanation:
A CAM (community association manager) license is typically required to manage residential communities such as condominiums and homeowner associations.
This type of license ensures that managers are qualified to handle the financial, legal, and administrative aspects of running a residential community.
However, managing an apartment complex or commercial properties does not generally require a CAM license, as these are often owned by individual entities or corporations and are managed with a different set of skills and regulations.
An apartment complex, being a rental community, usually requires property management knowledge without the need for a CAM license.