The Heartwood Blog
Why You Should Hire a CAM Licensed HOA Manager
When looking to hire your next HOA manager, make sure they are licensed under the Colorado CAM licensing regulations. Not sure what that entails? Here is the overview. In 2013, the General Assembly of the state of Colorado passed House Bill 1277. This bill specifically requires that both management company executives and community association managers have to be licensed through the Division of Real Estate.
What Benefits Does CAM Licensing offer?
What is the reason for this new regulation and how does it benefit your association? The HOA information and resource center received 1440 complaints in 2014, and 38% of those were about community association managers. These complaints ranged from poor communication and poor maintenance of the community, to not following the HOA guidelines.
The CAM licensing regulations aim to improve the overall management of communities by requiring trained and professional managers. To obtain a license, applicants must be 18 years or older and have earned a GED or high school diploma. They will then need to have a CMCA, AMS or PCAM credential.
If the applicant holds none of the above, they will have to finish a state approved community association course. Additionally, they will have to do the following:
- Write and pass both a state law exam and a core competency test. Applicants who already have CMCA, AMS or PCAM, will only have to pass the state law portion of the tests.
- Consent to have fingerprints taken by the Colorado Bureau of Investigation. This is deemed necessary so that a criminal history background check can be made on each individual.
- Complete a Division of Real Estate license application.
Throughout this process, all licensed community association managers will be guaranteed to know their core competencies and have expertise in the profession. In addition, you can rest assured that your licensed manager has a clean background. This will prevent just anyone from assuming the position.
Those complying with all of the above will receive the following credentials (if they do not already hold them.)
- Certified Manager of Community Associations (CMCA)
- Association Management Specialist (AMS)
- Professional Community Association Manager (PCAM)
All HOA Managers should have been legally licensed, as per the requirements of House Bill 1277, by July 1, 2015.
Importance of Hiring a Licensed HOA Manager
By hiring a management company with licensed CAM’s representing your HOA, you can be confident that your association will be guided within the highest fiduciary, ethical and operational standards. In this day and age, even the smallest HOA’s deserve a professional and qualified management service to help make your association the best it can be. Contact one of Heartwood’s licensed CAMs today to see how we can help your owner’s association.