In 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.
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 by July 1, 2015. 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.
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.