DORA issued its Sunrise Report today and recommends that management companies be regulated.  The report states “regulation is justified and widely supported. Given the types of harm identified during the course of this review and the legitimate concerns surrounding the cost of regulation, it is logical to conclude that the best course of action is to regulate management companies.” The 20+ page report analyzes the research done by DORA and reaches the conclusion that in lieu of regulating individual managers, it would be better to regulate management companies who are the entities ultimately responsible for providing services to associations.  We will continue to review the report and offer our additional insights as the next steps unfold.

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