Recently the board of directors of both the Rocky Mountain and the Southern Colorado Chapters of CAI passed motions encouraging the Colorado Legislative Action Committee of CAI (“CLAC”) to seek passage of a concept bill implementing a credentialing program for community association managers. The boards urged that the CLAC do so within the next two years and that the Committee begin taking all necessary steps to ensure the required sunrise process required by the Colorado Department of Regulatory Affairs is commenced within 1 year.
The concept bill mandates that only a person holding a CMCA certification, as administered by NBC-CAM, shall be authorized to manage common interest communities in the State of Colorado or serve as the CEO or principal of any business entity that employs common interest community managers. To sit for the CMCA exam, an individual will need to have a high school diploma or equivalent GED certificate, take CAI’s M-100 course and take an 8 hour education course on Colorado law governing common interest communities. In addition, no manager can obtain a CMCA if they have a felony conviction or guilty plea on their criminal record in the last 10 years.
It should be noted that the concept bill is just that – a concept. In the event CLAC agrees with the recommendations of the Chapters and the Department of Regulatory Affairs determines that managers in Colorado should be regulated, the bill that will ultimately be introduced in the Colorado General Assembly and signed into law – may differ significantly from the concept bill.
We’d like to hear what you think about the regulation of association managers.