Nine outstanding companies recently joined the elite group of community association management companies that have earned the Accredited Association Management Company (AAMC®) designation from the Community Associations Institute. These management organizations are one of just over 100 companies in 22 states nationally to meet the rigid performance standards required to earn the designation.
The AAMC® designation is CAI's highest standard for community association management companies, demonstrating their commitment to professionalism, customer satisfaction and continuing education for their employees. These firms, from eight different states around the country, provide management services to numerous condominium, cooperative and homeowners associations throughout their region.
To earn the designation, companies must have at least three years of experience providing community management services and commit to a strict code of ethics. Companies also must meet financial management and reporting requirements for client associations bank accounts, reserve funds, budgets and expenditures and maintain fidelity, liability and workers' compensation insurance. At least 75 percent of company managers must hold the Professional Community Association Manager (PCAM®), Association Management Specialist (AMS®), Certified Manager of Community Associations (CMCA®) or Certified Property Manager (CPM®) designations and each manager must receive at least 12 hours of continuing education annually.
The Community Associations Institute is a nonprofit association created in 1973 to educate and represent the nation's 205,000 community associations—condominium associations, homeowner associations and cooperatives. CAI members include homeowners, associations and related professionals and service providers.
[Editor's note: A list of CAI's new Accredited Association Management Company designees follows.]
MEDIA CONTACT: Blaine TobinPhone: 703-970-9235