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As a result of Governor John Hickenlooper signing HB 15-1343 into law, the Director of the Division of Real Estate (“Director”) finds that immediate adoption of emergency rules is imperatively necessary to comply with state law and for the preservation of public health, safety or welfare; and the compliance with the rule-making requirements of § 24-4-103, C.R.S., as applicable to non-emergency rules, would be contrary to the public interest. House Bill 15-1343 is effective immediately and modifies the Community Association Manager’s Practice Act. This includes creating an apprentice license; redefines the licensed activities of a community association manager and clarifies when a license is not required; exempts CEOs from licensure who do not have direct supervision or oversight of individuals who perform licensed activities; recognizes the CMCA, AMS & PCAM designations as satisfying the “general portion” of the state examination; creates a provisional license for any applicants who have failed to pass the required portions of the state examination; and creates a “Division of Real Estate Cash Fund.” The new provisions of the law take effect immediately; therefore, the Director has adopted the following emergency rules as of May 21, 2015. The adopted rules will remain in effect for 120 days, expiring on September 21, 2015.
|A Rules - License Qualifications, Applications & Examinations||Clean||Redlined|
|B Rules - Continuing Education||Clean||Redlined|
|C Rules - Licensing - Office Adopted||Clean||Redlined|
|D Rules - Renewal, Transfer, Inactive License, Reinstatement, and Insurance||Clean||Redlined|
|E Rules - Separate Accounts - Records - Accountings||Clean||Redlined|
|F Rules - Professional Standards - Investigations||Clean||Redlined|
|G Rules - Declaratory Orders||Clean||Redlined|
|H Rules - Exceptions and Director Review of Initial Decision||Clean||Redlined|
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