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 a CAM license, much like other management entities. After some discussion, DORA modified Rule C-4 removing the requirement that common interest communities need to apply for an entity license if they directly employ W-2 licensed managers.
For more information or if you have questions concerning the CAM license process, please call a Altitude Community Law attorney at 303.432.9999.