Final answer:
Whether a volunteer director needs a CAM license depends on state laws. In some states, unpaid volunteers who act as directors may be exempt, while other states require all individuals in these roles to have appropriate credentials.
Step-by-step explanation:
In many jurisdictions, the requirements for a CAM license, which stands for Community Association Manager, are set forth to ensure that individuals who manage condominiums, homeowners associations, and the like are qualified to handle the fiduciary and management responsibilities that come with the position. Whether or not a volunteer director needs a CAM license may depend on specific state laws and regulations. In some cases, unpaid volunteers may be exempt from the licensing requirement since they may not be engaging in all of the activities that a CAM license would cover, such as handling association funds or entering into contracts on behalf of the association.
However, in states where the law is stringent about the roles and responsibilities associated with managing a community association, even a volunteer acting in the capacity of a director may be required to hold a valid CAM license. It is essential to reference the specific laws of the state in question to determine if a license is necessary for volunteer directors.