DORA has updated the CAM License Application to address its recent decision to NOT require CAM licenses for associations that directly employ managers. As you may recall, there was concern in the industry as to whether associations that employed managers, as opposed to contracting with independent management companies, were required to obtain a CAM license, [Read More...]
When applying for a management company license you are required to list a Designated Manager. The application also asks for the Designated Manager’s license number which you will not have. Our suggestion is that you put “TBD” in the field and submit your Designated Manager’s individual license application simultaneously.
As the deadline of July 1, 2015 is quickly approaching I thought it might be helpful to put out little tidbits of information that might help smooth your process to licensure. First, when submitting your application (individuals) you will need to provide the following: 1) a copy of your driver’s license 2) a copy showing [Read More...]
Before an individual working for a management company can be licensed the management company must be licensed. The application (link: http://cdn.colorado.gov/cs/Satellite?blobcol=urldata&blobheadername1=Content-Disposition&blobheadername2=Content-Type&blobheadervalue1=inline%3B+filename%3D%22Application+for+New+Corporation%2C+Partnership+or+Limited+Liability+Company+Community+Association+Manager+License.pdf%22&blobheadervalue2=application%2Fpdf&blobkey=id&blobtable=MungoBlobs&blobwhere=1252058097230&ssbinary=true ) for management companies is fairly short. However you should be prepared to show valid proof of your error & omissions insurance as well as fidelity coverage. The declaration page of your E&O policy [Read More...]
Written by: Melissa Garcia on Friday, May, 22nd, 2015
Or against you? If your community association’s documents are several years old, it might be time to re-examine them and determine if they’re more harm than good. In this video, you can watch Trish Harris describe her Top 5 List of reasons why associations ask us to amend their governing documents. Do you relate? In [Read More...]