News and Legal Updates

  • Insurance Requirements for Licensed Managers

    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 named as an additional insured on the Association’s fidelity policy. The state will accept a community’s D&O policy in lieu of an E& ...

    by Aaron Goodlock
    Friday, 26 June 2015
  • Obtaining a Provisional CAM License if you Fail the Exam

    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 (applications are available from DORA’s Community Association Manager homepage) Submit fingerprints along with your application in order to complete the required background check and avoid further delay Sho ...

    by Aaron Goodlock
    Wednesday, 24 June 2015
  • What you Should Know Before you Buy in a Condominium 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 more.  The HOA is likely administered by a board of directors—volunteer homeowners elected by their fellow residents to set budgets and policy.   Before purchasing in a condominium community, it is impor ...

    by Jerry Orten
    Friday, 05 June 2015
  • Division of Real Estate Publishes Emergency Rules

    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 LicenseHB 15-1343 allows prospective individuals interested in community association management to apply for an Apprentice License so long as they are workin ...

    by Kelly Morrow
    Friday, 22 May 2015
  • Manager Licensure Clean-Up Bill Signed Into Law

    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 not required to be licensed. Principals and other executive officers of management companies who are not “Designated Managers” and are not ...

    by Aaron Goodlock
    Thursday, 21 May 2015
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