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Illinois Manager Licensing - Answers to Frequently Asked Questions

​Q: I heard there are changes to the law regulating community association managers and firms, what are the changes?

A: The new law requires firms to be licensed by the Department of Financial and Professional Regulation, and requires firms to designate one person to be a Supervising Community Association Manager. Supervising managers are required to take an additional 10 hours of course work on community association management, this is in addition to the 20 hours of pre-licensure course work required to be a community association manager. There are new conditions of the law that require Supervising Managers and/or firms to have fidelity insurance that have drawn some concerns in compliance, so CAI’s IL-LAC is working with the sponsor on corrections.

Q: What is required of me or my firm at this time?

A: At this time, you and your company should review the changes to the law to have a complete understanding of its requirements. You may also check the manager licensing resource page on CAI’s website for updates as they become available. CAI will work with its Illinois Chapter and Legislative Action Committee to provide CAI members with updates on compliance with the law.

Q: When will the new law and requirements go into effect?

A: The new law went into effect January 1, 2014; however, the Licensing and Disciplinary Board and the Department of Financial and Professional Regulation must adopt rules to implement the additional guidelines based on the new law. These guidelines include fees, forms, and other specifics. The time to develop the rules will ranges. Expect spring 2016.

Q: How does the new law affect my firm?

A: Under the new law, firms must be issued a firm license by the department, and designate at least one Supervising Community Association Manager. Applications for the licensing of your firm are not available at this time and will not be made available until the board and department adopt the regulatory guidelines. Expect spring 2016. There are new conditions of the law that require Supervising Managers and/or firms to have fidelity insurance that have drawn some concerns in compliance, so CAI’s IL-LAC is working with the sponsor on corrections.

Q: What are the requirements if I plan to be my firm’s Supervising Manager?

A: There are additional requirements to be a Supervising Community Association Manager. You must have been licensed at least one out of the past two years as a manager. You must also complete an additional ten (10) hours of community association management courses within one year after filing the application, and pass an examination authorized by the department. We recommend those seeking to be Supervising Managers follow CAI’s Professional Management Development Program and participate in CAI Illinois Chapter education classes. There are new conditions of the law that require Supervising Managers and/or firms to have fidelity insurance that have drawn some concerns in compliance, so CAI’s IL-LAC is working with the sponsor on corrections. Additionally, a Supervising Manager may not be the Supervising Manager of more than one firm. Managers practicing for seven (7) or more years that apply for a license within the first six months are exempt from the educational and exam requirements for a supervising license.

Q: How much will this cost?

A: The fees have yet to be established, and will be done so during regulatory development.

Q: Do I have to recertify my community association manager license?

A: Yes. All managers were to recertify the community association manager license by August 31, 2017. At this time there are no continuing education requirements. The fee to renew the license is $150 per year, or $300 for the two year period. If you have yet to do so, please go to the department’s site and renew by clicking here: http://www.idfpr.com/profs/info/cam.asp

Q: How do I keep up to date on the implementation of the new law and rules?

A: CAI and CAI’s Illinois Chapter will provide alerts to CAI members on developments in the implementation of the Act. You can also follow this page.

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