Yesterday, I blogged about the introduction of House Bill 18-1175 which proposes the continued regulation of community association managers by the director of the Division of Real Estate. In a nutshell, the following has been proposed (effective on July 1, 2018):
- The continued licensing and regulation of community association managers and apprentices through September 1, 2023.
- Permitting the director of the Division of Real Estate the power to adopt rules to further define define whether a duty or function constitutes “community association management”.
- Requiring the director of the Division of Real Estate to define the appropriate level of supervision for duties performed by a community association “apprentice”.
- Requiring a supervising manager or licensed entity utilizing an apprentice to be liable for the actions of their apprentice.
- Prohibiting an apprentice from conducting or assisting in the conduct of a board meeting without the presence of a licensed manager.
- Permitting the director of the Division of Real Estate, by rule, to define the private credentials that a community association manager must hold before receiving their license. Those managers holding the requisite credentials, and who are current on their continuing education credits, are exempt from taking the general portion of the examination.
- Establishing a procedure for cease and desist orders for community association managers violating the Division of rules or practicing without a license
Stay tuned for further updates regarding this Bill.