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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 was effective on January 1, 2015 and individuals needing to be licensed must do so by July 1, 2015. The Division of Real Estate continues to develop the regulatory framework for community association manager licensure and will 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 was effective January 1, 2015, the Division held an emergency rule-making hearing on Friday, January 2, 2015. The purpose of the meeting was 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). Moving forward the Division will be holding a permanent rule-making hearing at the Ralph L. Carr Colorado Judicial Center in conference room 1D located at 2 East 14th Ave., Denver, CO 80202 on March 4, 2015. 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 with all rule-making in Colorado, public comments will be accepted by the Division 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 community association manager test for licensing will be available beginning February 1, 2015. Testing will be provided by PSI. Please review the candidate information bulletin for more information.
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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