The findings of a study involving the potential privatization of Florida's Community Association Manager (CAM) program "demonstrate that privatizing the regulation of the community association management industry could have several advantages over its current administration within the DBPR (Department of Business and Professional Regulation)."
The study was presented February 3 to the Florida Regulatory Council of Community Association Managers. The Council directed CAI in August to obtain the funding for and to commission an independent, external study to analyze issues involving the privatization of the administrative functions of the CAM licensure program. The directive followed lengthy discussions about the future of the profession and efficiencies and costs associated with the program.
It is important to note that the study is only a first step for the Council to utilize in considering the option of privatizing the administrative functions of the Florida CAM licensure program. The study does not obligate the Council to pursue privatization. There is no doubt that in carrying out their fiduciary duty; members of the Council will consider all possible options relative to serving Florida's professional community managers and the communities that they manage.
In the event the Council ultimately moves forward with privatization of the administrative functions of the program, the CAM license will continue to be a license awarded by the State of Florida and the regulatory authority of the licensure program will remain with the Council.
Special thanks to the following for financial contributors to the privatization study:
Colonial Bank
Community Association Banc
SmartStreet, A division of Flag Financial Corporation
CAI's Issues Advancement Fund