DORA has updated the CAM License Application to address its recent decision to NOT require CAM licenses for associations that directly employ managers. As you may recall, there was concern in the industry as to whether associations that employed managers, as opposed to contracting with independent management companies, were required to obtain aGo to Resource
Category: Colorado Community Association Law
House Bill 15-1343 which was introduced to clean up and clarify certain provisions of the manager license requirements, was signed by Governor Hickenlooper making the Bill an official law! As a quick recap, the Bill made the following changes to the original laws: CEO’s of management companies who do not manage communities areGo to Resource
Now that DORA has released the Community Association Manager License application, many are rushing to get theirs completed and turned in. However, before doing so, you should be aware that if you are employed as a CAM by a management company, the application process requires the management company, itself, to be licensed beforeGo to Resource
Prior to the most recent changes, managers would have been required to disclose “perceived” conflicts. This is no longer the case. However, managers should be aware that under the proposed Permanent Rule F9 of the Community Association Manager Licensing Rules you must disclose any actual or potential conflicts that may arise in theGo to Resource
As a result of the hard work of many management company CEOs, the proposed Permanent Rule D10 to the Community Association Manager Licensing Rules has been substantially revised to make it realistic for managers and management companies to satisfy the crime fidelity insurance requirements. The rule allows managers or management companies to eitherGo to Resource