New License Rules for Community Association Managers signed into law


May 21, 2015

On May 20th Colorado Gov. Hickenlooper signed HB15-1343 into law. The bill concerns a streamlined process to simplify the licensure of persons who manage the affairs of common interest communities under the "Colorado Common Interest Ownership Act".

The bill modifies the regulation of these community managers (CAMs) by:

While the original licensing legislation allowed for the Director of the Division of Real Estate to exempt certain individuals from licensing requirements, this bill was designed to put many of those persons into law. So who will NOT be required to be licensed now reads as follows;

The bill also created a new license type, the Apprentice License, which may be granted to individuals by the Director of the Division of Real Estate and will be valid for up to one year. An Apprentice must work under the supervision of a licensed CAM.

The bill also allows the Director of the Division of Real Estate to grant a provisional license to those CAMs who do not pass the required state exam prior to the July 1st, 2015 implementation date. We will post any rules or requirements for the apprentice or provisional license types as they become available.

For those holding any of the following designations or certifications in good standing, you will now only be required to pass the Colorado portion of the state exam. This includes;

Expect further clarification as we approach the July 1st, 2015 implementation date.  If you are still concerned if you need a license, visit http://vaned.com/CAM for more information.

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