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Marcia Waters - Division Director
Consumer Protection is our Mission
House Bill 13-1277 requires licensing for anyone who engages in certain defined activities of a “Community Association Manager” relating to the management of a common interest community (CIC). This bill will be effective on January 1, 2015 and individuals needing to be licensed must do so by July 1, 2015. The Division of Real Estate has started developing the regulatory framework for community association manager licensure and will continue to provide notification of the development of the program through Division email blasts, quarterly newsletters, and on the Division’s website.
As we move closer to the implementation of House Bill 13-1277, the Division of Real Estate (Division) continues to develop the regulatory elements of the legislation into the Community Association Manager Program. As the legislation will be effective January 1, 2015, the Division will be holding an emergency rule-making hearing on Friday, January 2, 2015. The purpose of this meeting will be to adopt only the rules necessary for initial licensing. This includes education, testing, licensing and insurance requirements needed for licensure. These requirements are incorporated into the proposed A rules (licensing qualification, applications & examinations), C rules (licensing – office) and the D rules (renewal, transfer, inactive license, reinstatement and insurance). The rule-making hearing will be held at the Ralph L. Carr Colorado Judicial Center in conference room 1B located at 2 East 14th Ave., Denver, CO 80202. The hearing will begin at 10:00 am and public testimony will be taken at this time for any of the rules being considered for adoption. As the emergency rules will expire on May 2, the Division will conduct a permanent rule-making hearing at the end of February to consider for adoption all the program rules. The specific date and location of the hearing will be sent out at the beginning of January when the proposed rules are noticed with the Colorado Secretary of State. As with all rule-making in Colorado, public comments will be accepted by the Division once the rules are noticed and public testimony will be heard at the hearing. All parties may make formal comments on the proposed rules by submitting feedback to the Division of Real Estate at the following address:
The Division of Real Estate
ATTN: CAM Rulemaking
1560 Broadway, Ste. 925
Denver, CO 80202
Applicants pursuing a community association manager license must hold one of the following credentials: CMCA, AMS, PCAM, or the Division of Real Estate alternative credential and pass the state exam. The state exam is comprised of two parts; a general portion and a state specific portion designed to determine the competency of the applicant with regards to legal documents, Colorado statutes, and other core competencies.
The development stages of this new regulatory program have generated many questions from industry stakeholders. While some questions can be easily answered now; other questions are more difficult to answer because the proposed regulations have not been finalized. As such, the Division of Real Estate has compiled a list of commonly asked questions which can be reasonably answered at this time and are not heavily dependent on the final rules. As this regulatory program continues to take shape, the Division will add additional FAQs to the website and disseminate information to interested parties.
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