Final answer:
A property manager of an apartment building who is paid on a transactional basis must hold a CAM license.
Step-by-step explanation:
A property manager of an apartment building who is paid on a transactional basis must hold a CAM license.
The statement is True. A CAM license, which stands for Community Association Manager, is required for property managers who work in communities or buildings with shared amenities and services. It is a professional certification that ensures the property manager has the necessary knowledge and skills to effectively manage residential communities.