It’s official – Governor Hickenlooper has signed House Bill 1343 ("HB 1343") into law! Now that this important manager licensure clean-up bill has been signed into law, we expect the Colorado Division of Real Estate to immediately publish emergency rules addressing the requirements and procedures which managers must follow to obtain the Apprentice License and Provisional License. When the emergency rules are published, we will pass that information along to you. In the meantime, since the provisions of HB 1343 immediately became effective, here is what managers need to know about the clean-up bill:
● The bill clears up who is required to be licensed as a Community Association Manager (“CAM”) and who is not required to be licensed.
● CEOs of management companies who do not engage in community association management and are not the Designated Manager for their companies, are not required to be licensed as CAMs.
● An employee of a management company, working under the supervision of a licensed CAM, is not required to be licensed if that employee performs clerical, ministerial, accounting or maintenance functions.
● An employee of a common interest community who only performs clerical, ministerial, accounting or maintenance functions is not required to be licensed as a CAM.
● An independent contractor who only performs clerical, ministerial, accounting or maintenance functions, and who does not perform community association management functions, is not required to be licensed.
● An individual holding an Apprentice License and who is working under the direct supervision of a CAM, is not required to be licensed as a CAM during the period of time their Apprentice License is in effect (1 year). Continue Reading Manager Licensure Clean-Up Bill Signed Into Law!