Yesterday, under the stewardship of Representative Angela Williams who is the Chair of the House Business Affairs & Labor Committee, House Bill 1343 sailed through that Committee with unanimous bipartisan support! The bill will now be considered by the House Appropriations Committee where we do not expect any problems. Next week, we anticipate that HB 1343 will be approved by the full House and will then move over to the Senate under the guidance of Senator David Balmer who is the Chair of the Senate Business, Labor & Technology Committee.
As a reminder, here is a synopsis of the key provisions of HB 1343:
1. The bill more clearly defines who is classified as a community association manager who must be licensed and who is exempt from the licensure requirements;
2. The bill establishes an apprentice license and related requirements;
3. The bill provides that management company CEOs are not required to be licensed and more clearly establishes the "designated manager" required for management companies;
4. The bill clarifies that individuals holding the CMCA credential, AMS designation, PCAM designation or other credential approved by the Director of the Division of Real Estate need only take the Colorado law portion of the licensure examination;
5. The bill provides that for community association managers who have not passed both sections of the licensure exam by July 1, 2015, the Director of the Division of Real Estate has the authority to grant those managers a provisional license through December 31, 2015; and
6. Specifies that the funds used for implementation of the licensure program will be maintained in the Division of Real Estate cash fund.
Keep your eye on this blog for important updates on HB 1343 as is proceeds through the legislative process!