Sunset of the Licensing Program (NEW!)
On April 10, 2018, the Senate Committee on Finance of the Colorado General Assembly voted to postpone indefinitely HB18-1175 (the Bill Concerning the Continuation of the Community Association Manager Program under the Sunset law). The effect of this vote means that the legislature will not continue the Community Association Manager (CAM) Program and will allow it to sunset.
Since this program was not extended by the legislature, it then goes through a “wind-up” procedure. This means that the program continues in existence until the date that is one (1) year after the specified repeal date (July 1, 2018) for the purpose of winding up affairs for the program. That ending date of the program will be July 1, 2019. On that date, the Division will then cease all activities with regard to the CAM program.
CAMs must remain licensed, new CAMs must become licensed, through July 1, 2019 (NEW!)CAM licensees still need to hold a license, renew one’s license, maintain one’s continuing education, maintain E&O and Fidelity insurance, and comply with all Division requests, complaints and investigations while the CAM program continues in operation until July 1, 2019.
New CAMs, or CAMs looking to upgrade to a Designated Manager, or begin and operate a CAM entity, will still have to go through the licensing process until July 1, 2019, since the program will still be in operation until that time.
If one does not renew their CAM license or CAM entity license by the upcoming license renewal deadline of July 1, 2018, one cannot operate as a CAM or CAM entity in the State of Colorado. Also, anyone practicing community association management without the required license can be subject to a Cease & Desist Order, and additional penalties as may be determined by the State. Until July 1, 2019, the Division of Real Estate has jurisdiction and authority to regulate and discipline CAM licensees.
Any person and or entity that performs more than one community association management service (listed below) to any form of common interest community for any form of compensation must be licensed. Chief executive officers that do not perform community association management service are not required to be licensed.
If you are not provided compensation to provide management services for your association, then you do not need to hold a license. Additionally, "community association management" does not mean the performance of any clerical, ministerial, accounting, or maintenance function. Employees who work for a management company working under a licensed manager, individual contractors, or employees of a common interest community that perform clerical, ministerial accounting or maintenance function do not need to be licensed.
Community association management practices are defined as:
In order to be licensed you must complete the following:
The cost will be $205 for individuals and $175 for entities. Fees for entities are one-time only. Licensing will run on an annual basis, from July 1-June 30.
The cost of the examination is $90, which includes both parts, and retakes cost $85.
You may obtain an apprentice license. Those interested in becoming a licensed community association manager may first become licensed as an "apprentice" in order to gain experience in the field. Law defines "apprentice" as a person who:
By June 30, 2016, licensees will need to complete eight (8) hours of continuing education or pass the Colorado law portion of the CAM examination. Credit for continuing education courses must be acquired through successful completion in one or more of the following subjects:
The DRE is charged by law to further shape the way the practice of community association management is regulated. The Rules may be found by clicking here.
Click here to view the list.
Licensing HistoryIn 2013, the Colorado General Assembly enacted HB 13-1277, which requires community association managers and executives of management companies who directly supervise managers to be licensed by the Division of Real Estate (DRE). In 2015, the General Assembly enacted HB 15-1343-an act that streamlined the process of licensure of community association managers. HB 15-1343 became effective May 20. CAI supported these pieces of legislation and is your one-stop resource for information you need to comply with the requirements.
Below you will find a list of answers to frequently asked questions about the licensure of community association managers and firms in Colorado. Click on the question to read the answer.