Insurance requirements for community association managers (CAMs) are provided by statute and CAM “D Rules.” Licensed CAMs who are employees of a management company are required to obtain and maintain errors and omissions insurance and crime/fidelity insurance in amounts described in the rules. Licensed managers who are employed by an owner association are to be […]
Obtaining a Provisional CAM License The deadline to become licensed is quickly approaching. For those managers who have not successfully passed the CAM exam on their first try – all hope is not lost! Here is what you can do to obtain a Provisional License: Complete and submit a license application for a Provisional License […]
What you Should Know Before Buying in a Condo Community Are you in the market for a condominium? If you buy a condominium you will become a member of an owners association. The owners association (or HOA) offers to protect the value of properties in the community through maintenance services, restrictive covenants and rules and […]
On May 20, 2015, Governor Hickenlooper signed House Bill 15-1343 into law. Consequently, the Director of the Division of Real Estate published Emergency Rules, effective May 21, 2015 through September 21, 2015, specifying the application and license requirements for obtaining a Provisional License or an Apprentice License. Apprentice License HB 15-1343 allows prospective individuals interested […]
Manager Licensure Clean-Up Bill Governor Hickenlooper signed House Bill 1343 into law. HB 1343 clarifies who is required to be licensed as a Community Association Manager. Specifically, HB 1343 states: Employees of management companies who perform duties such as clerical, accounting or maintenance and are under the supervision of a licensed Community Association Manager are […]
A provisional license for managers has been proposed to be allowed through December 31, 2015. An apprentice license is also proposed. HB 1343 These proposals are included within HB 2015-1343 now pending in the Colorado State legislature. The State legislature and the Governor are expected to act on HB 1343 in late April or early […]
The Department of Regulatory Agencies Real Estate Division is putting new licensing requirements into effect for 2015. Community association managers and those who have a vested interest in homeowner associations, cooperatives and condominiums will need to take heed of the new license requirements. Read Jerry’s full article as appeared in the Colorado Real Estate Journal.
In addition to consultations with our attorneys to resolve fair housing issues, consider the following resources: Denver Metro Fair Housing Center National Fair Housing Alliance with brochures on the following topics: Fair Housing for Condo, Coop and Homeowners’ Associations Fair Housing for Families Fair Housing for Persons with Disabilities If further assistance is desired, contact […]
A Colorado Senate committee – the State, Military and Veteran Affairs Committee – voted to decrease the amount of time homeowners have to assert construction defects. The committee vote occurred March 16th on Senate Bill 15-91. The time to sue would be reduced from 6 years to 5 for single family homes. A separate bill, […]
A Senate Bill is pending, 15-091, to reduce the time allowed to pursue construction defects from 6 to 3 years. If a claim arises in the second or third year the HOA would have just 1 year after the cause of action arises. If passed, these time periods would be among the shortest in the […]
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